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%.

Oman to start gabbro mining in October

  • Gabbro is a coarse-grained igneous rock that is used, among other things, to make kitchen countertops
  • Sometimes, gabbro deposits may also contain chromium, nickel, cobalt, gold, silver, platinum, and copper sulfides

The commercial operations of the gabbro quarry in Wilayat of Liwa in the governorate of North Al Batinah is expected to commence by October, said local reports on Tuesday, September 28.

This will be a new milestone towards the investment journey of Minerals Development Oman or MDO, the local reports have said.

The quarry will start with a production capacity of 2.4 million tons of gabbro, the reports said.

Gabbro is a coarse-grained igneous rock that is used, among other things, to make kitchen countertops.

Sometimes, gabbro deposits may also contain valuable amounts of chromium, nickel, cobalt, gold, silver, platinum, and copper sulfides.

Since obtaining the exploration license, MDO has reportedly conducted a geological and economic feasibility study of the quarry.

It is said to have revealed a recoverable amount of about 211 million tons of gabbro in a mine life of about 50 years, covering an area of 2.2 square kilometers.

Based on the feasibility study, the Ahjaar Mining Company was established in 2019 to operate the project in partnership with the Assarain Group and the Al Fajar Al Alamia Company.

Purchase agreements were also signed for 2.4 million tons of gabbro. MDO reportedly has plans to increase the production to reach 5 million tons in the next phase.

This was the first mining license that MDO obtained in January 2019.

Gabbro is witnessing an increased demand by a number of Gulf and regional markets, due to its importance to the construction sector.