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

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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

OPEC picks Haitham Al-Ghais of Kuwait as new chief

  • He is the first Kuwaiti to hold the position of OPEC chief, and will head the group for three years
  • The Kuwaiti oil executive will replace Nigerian Mohammad Barkindo, who died in July

Haitham Al-Ghais of Kuwait has taken over as the new secretary general of  the Organization of the Petroleum Exporting Countries on Monday.

He is the first Kuwaiti to hold the position of OPEC chief, and will head the group for three years. He will replace Nigerian Mohammad Barkindo, who died in July.

Speaking to a new agency in Kuwait, he said the unanimous selection of him by OPEC’s 13 member countries reflects Kuwait’s position among them.

Al-Ghais served as Kuwait’s OPEC governor for four years, representing the country during meetings of the board of governors. He also chaired its joint technical committee with countries outside the organization.

He was appointed deputy director of international marketing at the state-owned Kuwait Petroleum Corp. after stepping down as Kuwait’s OPEC governor in June 2021.

Prior to OPEC, he worked at the KPC’s global marketing sector in various sales departments, headed its regional offices in Beijing and London, and was director of the corporation’s research department and deputy managing director of global marketing.

Al-Ghais has nearly 30 years of experience in the oil industry, and has participated in many international conferences and forums.