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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Gulf Air, Texel Air sign MoU

  • Texel Air is a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013.
  • It is dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.

Bahrain’s national carrier Gulf Air has signed a Memorandum of Understanding (MoU) with Texel Air to explore various cooperation opportunities including charter agreements, engineering and maintenance activities.

Gulf Air, according to media reports, said it was delighted to cooperate with Texel Air, a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013, dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.

Texel Air fills a niche market for specialized ad-hoc cargo requirements, provides resourceful solutions while meeting tight deadlines with uncompromising levels of customer service, Gulf Air said in a statement.

Captain Waleed AlAlawi, Gulf Air Acting Chief Executive Officer, said, “We are always looking to discover ways to enhance our commercial partnerships, and to get involved in every related sector of the aviation industry.”