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

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

Middle East airlines traffic up by 84.6 percent in Nov 2022: IATA

  • Globally, traffic is now at 75.3 percent of November 2019 levels, according to the report. Total traffic in November 2022 rose 41.3 percent compared to November 2021.
  • The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year, media reports said.

Geneva, Switzerland– Middle Eastern airlines had an 84.6 percent growth in traffic in November compared to the same month in 2021, according to a recent report by the International Air Transport Association (IATA), which also noted that global air travel recovery continued throughout the month.

Globally, traffic is now at 75.3 percent of November 2019 levels, according to the report. Total traffic in November 2022 rose 41.3 percent compared to November 2021.

International traffic rose 85.2 percent versus November 2021. The Asia-Pacific continued to report the strongest year-over-year results with all regions showing improvement compared to the prior year, media reports said.

“Traffic results in November reinforce that consumers are thoroughly enjoying the freedom to travel. Unfortunately, the reactions to China’s reopening of international travel in January reminds us that many governments are still playing science politics when it comes to Covid-19 and travel,” said Willie Walsh, IATA’s Director General.

Warning

In September last year, aviation industry leaders had warned that travelers must brace for even higher ticket prices as the sector battles fallout from the Covid pandemic, high oil prices and conflict fears.

International Air Transport Association director general Willie Walsh also said that airlines’ recovery would be delayed if China maintains its coronavirus travel clampdown into 2023.

Walsh had said that “the bottom line” is that if jet fuel prices keep going up “the only choice for companies is to have that reflected in ticket prices”.

Saudi big plans

In May 2022, Saudi Arabia pitched aviation industry leaders on its plans to become a global travel hub, drawing skepticism from analysts who questioned how it could compete against regional heavyweights.

The kingdom’s aviation goals, part of Crown Prince Mohammed bin Salman’s wide-ranging “Vision 2030” reforms, include more than tripling annual traffic to 330 million passengers by the end of the decade.

Read full story here: Saudi fights to lead ‘saturated’ MidEast aviation market