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

VideosInforgraphics
Sign inSubscribe

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.

  • UAE real estate sector transforms with cross-border payments revolution

    Dubai, UAE - Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction...

    The initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE

    Traditionally, the investing in UAE real estate from overseas has been encumbered by complexities associated with cross-border transactions

  • Emaar unveils new projects

    The new projects are estimated to value US$26.14 billion.

    The first development valued at $15 billion is poised to set a new standard in premium high-end living

    The second valued at $11.16bn is designed to house wellness facilities, a new standard in luxury hospitality

  • ADNOC buys 25% stake in OMV

    The OMV is headquartered and listed in Vienna, Austria.

    The transaction accelerates delivery of ADNOC’s global chemicals growth strategy, and reinforces its status as a responsible, long-term partner and growth-oriented investor

    Österreichische Beteiligungs AG (ÖBAG), an Austrian independent holding company, now owns 31.5 percent, with the remaining share capital in free float

  • Digital transfers reshape MENA’s financial landscape

    The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...

    The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong commitment to financial inclusion, says a report.

    COVID-19 expanded the diaspora's role in digital payments, boosting prepaid services and accelerating the shift from cash to digital via cryptocurrencies and blockchain.

  • WTO ministers struggle to forge deals as talks go into overtime

    ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...

    The meeting opened with disagreements between the body's 164 member states on key issues that dominated the agenda of the talks.

    They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.

  • Major stock markets trade mixed as US inflation data awaited

    London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a...

    Shares in Air France-KLM slumped nine percent after annual profit fell short of expectations as it fell into a final-quarter loss

    Yen jumped on rising expectations of a hike to Japanese interest rates, as other central banks look to reduce borrowing costs

  • QFC signs two MoUs

    MoUs with BFB, Partior were inked during Web Summit 2024.

    The MoU with Bahrain FinTech Bay establishes comprehensive frameworks for cooperation in joint research projects.

    Under the MoU, each entity shall provide support, assistance and resources to start-ups from the QFC and BFB.

  • Abu Dhabi residential sector achieves record growth in 2023, says report

    ABU DHABI, UAE - Abu Dhabi’s residential sector has witnessed one of the best years on record, where a total...

    The increase in demand for residences has been driven by several positive initiatives and announcements by the government.

    Off-plan transactions accounted for approximately 84 percent of all villa and townhouse transactions.

  • British Airways profit soars six-fold

    The company said it was 92% booked for the first quarter of 2024.

    Profit after taxation jumped to 2.7 billion euros ($2.9 billion) in 2023 from 431 million euros in 2022, the airline conglomerate said in a results statement

    The company also issued a rosy outlook rooted in "robust" demand, adding that it was 92-percent booked for the first quarter of 2024 and 62-percent booked for the first half

  • Electronic Arts announces job cuts

    The company is cutting about 5 percent of its workforce.

    The company behind hits including soccer game "FC24" is also "sunsetting" some titles and stopping development of others it thinks will not be successful

    The annual report Electronic Arts last year indicated it had 13,400 employees, meaning about 670 positions are being eliminated