This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting Amazon Web Services cloud infrastructure in the GCC.

Search Site

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

Condor orders 41 jets

  • The order is for 13 A320 and 28 A321 jets fitted with Pratt & Whitney engines for delivery starting in Spring 2024, Condor and Airbus said in a joint statement.
  • The catalogue price is about 5.0 billion euros ($5.1 billion) but the final purchase price usually differs due to possible discounts offered to big-ticket customers.

German charter airline Condor has ordered 41 A320 Airbus jets as it renews its fleet with aircraft using less fuel and emitting less carbon dioxide, the two companies said on Monday.

The order is for 13 A320 and 28 A321 jets fitted with Pratt & Whitney engines for delivery starting in Spring 2024, Condor and Airbus said in a joint statement.

The catalogue price is about 5.0 billion euros ($5.1 billion) but the final purchase price usually differs due to possible discounts offered to big-ticket customers.

“With the replacement of our entire long-haul fleet with the latest two-liter aircraft by early 2024, it is the obvious next step for us to modernize our short-haul and medium-haul fleet as well,” said chief executive Ralf Teckentrup.

“With our new A320neo and A321neo aircraft, we are consistently developing our fleet and ourselves as a company,” Teckentrup said.

“(We are) also taking care of our own ambition to enable responsible and at the same time comfortable travel with significantly reduced carbon emissions, lower fuel consumption and less noise.”

Airbus International chief, Christian Scherer, said that “following Condor’s earlier decision to order the A330neo for its long-haul network, we are doubly grateful the airline has now also selected the Airbus A320neo family to modernize its single-aisle fleet.”