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.

  • Saudi’s investment funds’ assets fall by 11 percent in Q2

    Investment funds hold both local and foreign assets.

    The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.

    Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).

  • Gulf Navigation repays loan

    The $2.7m loan was financed by "Rasmala" for a vessel.

    In a bid to reduce financing costs, the company said last August that it had refinanced five petrochemical tankers under new and preferential terms with a major Chinese lender.

    The debt has also fallen to 294 million dirhams today, compared to 433 million dirhams at the end of 2020.

  • UAE approves code for education professionals

    The UAE Ministry of Education has approved the Code of Conduct for professionals in the sector to set up clear,...

    The code of conduct will enhance an educator’s professional responsibilities

    The code is a framework of the basic values and ethics that an educator must commit to.

  • Russia sanctions not working, says Italy far-right leader

    The leader of Italy's far-right League party, Matteo Salvini, has sparked debate by saying that the unprecedented sanctions the West...

    Skyrocketing energy prices since the start of the war in Ukraine have wreaked economic pain on countries.

    Someone in Europe has made a bad calculation. It is essential to rethink the strategy to save jobs and businesses, said Matteo Salvini, a far right leader in Italy.

  • Pure Health to invest US$500m

    It will buy stake in a US healthcare firm Ardent.

    Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.

    Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.

  • Saudi banks’ assets surpass UAE peers first time since 2007

    Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those...

    The Saudi banks’ assets broke the SAR 3 trillion-mark for the first time at the end of Feb 2021, the SAR 2 trillion-mark in Mar 2014 and the SAR 1 trillion-mark in Oct 2007.

    Saudi banks’ assets in June made up almost 135 of real gross domestic product (GDP) of SAR 2.614.7 trillion – their highest level ever.

  • Sweden to provide guarantees worth ‘billions’ to energy firms

    Faced with a winter without the energy supplies from Russia, Sweden has turned to Nordic and Baltic energy companies promising...

    Andersson while talking to reporters said the guarantees were aimed at giving energy groups "the breathing room that is needed"

    The guarantees were expected to be in place on Monday before the stock market closing and would cover all Nordic and Baltic actors within the next two weeks

  • ADX partners with FTSE Russell

    The two have co-developed the FTSE ADX Growth Market Index.

    The launch of FADGMI is a result of ADX’s successful partnership with FTSE Russell and closely follows the launch in March of the FTSE ADX 15 Index (FADX15)

    The ADX Growth Market, the new brand of the Second Market, is an emerging equity segment on the exchange that connects investors and privately owned businesses

  • Bahrain launches multi-entry e-visa for training purposes

    Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.

    The Nationality, Passports and Residence Affairs (NPRA) said the visa is part of the 24 initiatives to enhance the NPRA services and the economic recovery plan

    The visa could be applied for on www.evisa.gov.bh for a fee of BD60

  • Saudi import of plastic products climbs 18% to 456,000 tons

    The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter...

    According to the General Authority for Statistics, the increase in imports was fueled by a 45 percent yearly rise in imports from China

    The total plastic and rubber imports grew 19 percent to $1.89 billion in the second quarter of 2022