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

Search Site

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.

Kuwait Airways signs spare parts pact with seven Arab airlines

  • Under the agreement, spare parts will be shared in emergency cases.
  • The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare parts in emergency cases, said the company’s Chairman, Captain Ali Al-Dukhan.

Al-Dukhan affirmed that the signing came on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.

He added that several topics were discussed during the General Assembly, the most important is reducing the carbon emissions and reaching the net-zero in 2050.

He also noted that the meeting discussed the pillars of air policies to recover from the COVID19 repercussions, stressing the vital role played by the air transport sector as a main driver of the global economy. (KUNA)