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.

  • Deliveroo to exit Netherlands on back of surging losses

    A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the...

    Revenue grew 12 percent to £1 billion despite easing Covid curbs and controversy over treatment of its riders

    In early London trading following Wednesday's earnings update, Deliveroo's share price rose 0.8 percent at 92 pence

  • UAE and UK partner to boost Senegal’s emergency response

    Etihad Credit Insurance (ECI) and UK Export Finance (UKEF) have partnered to boost Senegal's national emergency response infrastructure.

    Under the $147 million Redco Project Senegal, the country will receive fire fighting vehicles, airport firefighting and rescue vehicles, ambulances and medical vehicles

    Etihad Credit Insurance in partnership with UKEF has provided guarantees for the loan obtained by the Senegal Ministry of Economy, Planning and Cooperation

  • SAR passenger numbers rise

    More than 2.3m passengers used Saudi Railways in H1.

    The company said that the freight service also contributed to the removal of more than 871,000 trucks from the roads

    Saudi Railways CEO said results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option

  • Doha Bank raises non-Qatari ownership threshold to 100%

    Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals

    Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals.

    The change has been made at the Qatar Central Securities Depository with immediate effect, the bank said in a statement

  • Barwa records rise in profit

    The net profit posted 0.73% jump to $147.25m in H1.

    The developer's earnings per share (EPS) amounted to QR 0.138 versus QR 0.137 for the same period of 2021

    Barwa, founded in 2005, established itself as one of the pioneering companies operating in real estate sector in Qatar with a total capital hovering around $1.68 billion

  • Vodafone Qatar profit up 61%

    Net profit for H1 2022 reaches $60 million.

    The increase in profit is mainly due to growth in earnings before finance, tax, depreciation and amortization

    Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion

  • Elon Musk sells about $7bn worth of Tesla shares

    Amid a high-stakes court battle with Twitter over a $44 billion buyout deal, Elon Musk has sold nearly $7 billion...

    According to filings published on the Securities and Exchange Commission's website, the Tesla boss sold some 7.9 million shares between August 5 and 9

    Twitter has been engaged in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company

  • DIFC unveils wealth center

    The center will be a hub for high-net-worth individuals.

    The center will look to provide advisory and concierge services, education and training, outreach and high-end networking, besides undertaking research and issuing publications

    Tarek Hajjiri, CEO for the new project, said that the new center will play a unique role in guiding family businesses in relation to governance, succession, ownership, wealth

  • Macroeconomic issues may hit logistics across GCC

    The Covid-19 pandemic, regional lockdowns, and Ukraine war have been disrupting trading lane in air and maritime freight, affecting the...

    The Covid-19 pandemic, regional lockdowns, and Ukraine war have been disrupting trading lane in air and maritime freight, affecting the global supply chain, say experts

    Saudi Arabia and the UAE are both striving to reduce operational costs and facilitate faster deliveries by adopting smart port technologies and integrating port value chain

  • Micron to invest in chip production

    The firm will invest $40bn by the end of the decade.

    There has been a global shortage of computer chips in recent months caused by production and transportation snags.

    The spending on US production is part of the company's planned $150 billion global investment in manufacturing.