Masar, BTC Network sign agreement for info center, infrastructure
Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction, owner and developer of Masar, the SR100-billion ($26 billion) destination in Makkah,...Masar, the SR100-billion ($26 billion) destination in Makkah, aims to enhance the quality of life of the residents and visitors of the Holy city.
BTC Networks has three decades of experience that will support Masar’s smart infrastructure, in line with the Kingdom’s Vision 2030 goals.
Tencent Q3 revenue down 2 percent
It is Tencent's second consecutive quarterly decline in revenue.The Hong Kong-listed company is the world's top video game maker and the owner of popular super-app WeChat.
Tencent said domestic video games in particular saw a 7 percent decrease in the three months ending September 30.
QatarEnergy, Qatargas celebrate loading of 30,000th ship from Ras Laffan
Doha, Qatar---Qatar’s state-owned QatarEnergy and Qatargas, the world's largest liquefied natural gas (LNG) company, celebrated the loading of the 30,000th...The LNG cargo was loaded on board the Qatargas-chartered Q-Max LNG carrier "Mekaines."
Qatargas Terminals are entrusted to handle approximately three million barrels of oil equivalent of both LNG and non-LNG products every single day.
FSRA grants Binance permission to provide crypto custody services
Abu Dhabi, UAE---Binance, world's biggest cryptocurrency exchange, announced that it has received a Financial Services Permission (FSP) from the Financial...Binance received a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM).
ADGM, the International Financial Centre in the capital of the UAE, introduced the world’s first comprehensive and robust virtual asset regulatory framework in 2018.
Arada to participate in Gulf’s largest real estate show, Cityscape Dubai
Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the...Arada will showcase its existing projects, Aljada and Masaar, as well as announce new expansion plans that cater to the strong investor demand for property in the UAE
Arada has so far launched three master-planned communities with a total value of AED 33 billion, making it the largest developer in Sharjah
Six airlines ordered to pay over $600 mn in refunds to passengers
Authorities have received a "flood of complaints from air travelers" since the start of the pandemic, over a lack of...The airlines hit were American low-cost carrier Frontier, as well as foreign carriers Air India, TAP Portugal, Aeromexico, El Al and Avianca
The department's actions have led to "thousands of passengers" being provided with more than half a billion dollars in required refunds
Algeria signs three-year deal to sell gas to Slovenia
While Europe scrambles to replace Russian energy supplies in the wake of the war in Ukraine, Slovenia has signed a...The deal is the latest in a string of such accords with European firms despite experts casting doubt on whether Algeria has the capacity to meet them
The eastern European country is heavily dependent on Russian gas, but Moscow has shut its pipelines to Europe in suspected retaliation for Western sanctions
MSC World Europa, 22-deck cruise ship, docks at Doha for World Cup
Doha, Qatar—The 22-deck cruise ship MSC World Europa (floating hotel) has docked at Doha Port for FIFA World Cup fans...The cruise ship, designed with the highest standards of security and safety, can accomodate 6,700 World Cup fans
The ship offers 7 swimming pools, 13 whirlpools, and the most luxurious yacht club, which includes public spaces, outdoor areas and new suites
ADGM Courts launches blockchain technology in Abu Dhabi
Abu Dhabi, UAE— Abu Dhabi Global Market (ADGM) Courts has announced the first-ever introduction of blockchain technology for the global...The blockchain solution will result in substantial time and cost savings for parties in the enforcement of their commercial judgments
Parties will no longer need to wait for a certified copy of the judgment to start the process in the enforcing jurisdiction
US wholesale price inflation slows in October
US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to...The producer price index in US rose just 0.2 percent compared to September, the Labor Department reported.
Annual PPI in the US slowed to 8 percent in October, the data showed, down from 8.5 percent in the prior month.
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.
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.
