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.

Evergreen ship runs aground

  • The accident came almost exactly a year after the 200,000-ton container ship MV Ever Given blocked the Suez Canal for six days
  • The canal is a vital artery from Asia to Europe that carries 10 percent of global maritime trade and provides Egypt with vital revenue

A massive container ship, owned by the same company whose vessel last year blocked the Suez Canal, has run aground near the US port of Baltimore, US officials said Monday.

The Ever Forward, a 1,096-foot (334-meter) vessel, ran aground in the Chesapeake Bay shortly after leaving a Baltimore port Sunday night, said the executive director of the Maryland Port Administration, William Doyle, in a statement.

“There have been no injuries or spills,” Doyle clarified.

“The ship’s grounding is not preventing other ships from transiting to the Port of Baltimore,” he added, noting that efforts had been underway since Sunday night to free the stranded vessel.

The accident came almost exactly a year after the 200,000-ton container ship MV Ever Given became wedged in the Suez Canal during a sandstorm, blocking the key waterway for six days.

The Suez Canal is a vital artery from Asia to Europe that carries 10 percent of global maritime trade and provides Egypt with vital revenues.

Both vessels are owned by the Evergreen Marine Corp, which is based out of Taiwan.

The Ever Forward was bound for Norfolk, Virginia, when the accident happened, US media reported.