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.

  • Mubadala of UAE to invest $395m in UK’s CityFibre

    Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to...

    The investment aims to speed up the rollout of CityFibre’s full-fiber lines across the UK

    An official announcement from Mubadala or CityFibre could come as early as Monday

  • Two Ajman organizations pledge to work for women empowerment

    The Ajman Business Women's Council and Umm Al-Moumineen Women's Association in Ajman will now work together to empower women. The...

    Ajman Business Women's Council and Umm Al-Moumineen Women's Association signed an MoU to work for women empowerment.

    The focus of both the organizations will be on increasing women's contribution to the process of sustainable economic development.

  • Alkhorayef records dip in profit

    The company's profit declined to $27.4 million in 2021.

    Despite an increase in revenues by 9.2 percent to SR569 million during the same period, profits declined due to cost of revenue and “increase in projects on-hand"

    Although profits dropped, the firm's board of directors approved SR1.5 per share as a dividend for the second half of 2021

  • Mawani signs MoUs with Huawei, Ericsson to push Smart Ports program

    The Saudi Ports Authority (Mawani) on Sunday launched the Smart Ports initiative in a bid to enable Saudi ports apply...

    The program is aimed at enabling Saudi ports to utilize 5G, AI and other technologies besides boosting their competitiveness..

    Ports account for more than 90 percent of the Saudi export movement, according to President of Saudi Ports Authority, Omar bin Talal Hariri.

  • Al Rajhi Bank to provide digital guarantee service in Saudi Arabia

    Al Rajhi Bank of Saudi Arabia will start providing a digital guarantee service through the electronic financial services platform called...

    The new service intends to ensure smooth financial operations for beneficiaries, according to a bank statement

    Al Rajhi Bank customers in the corporate sector will be able to issue digital guarantees and easily link them to the beneficiary electronically via the platform

  • Aramco profits doubled in 2021

    The rise was due to crude prices, as the global economy recovered.

    Aramco's net income increased by 124 percent to $110 billion in 2021, compared to $49 billion in 2020

    It had achieved a net income of $88.2 billion in 2019 before the coronavirus pandemic hit global markets

  • Prodded by high oil prices, Saudi stocks gain in initial trade

    Spurred by yet another round of increase in oil prices, shares on Saudi stock exchanges opened higher on Sunday with...

    In energy markets, oil prices closed the week higher with Brent crude gaining $1.29 to $107.93 a barrel, while WTI crude up $1.72 to $104.70 a barrel

    Anaam International Holding Group rose 6 percent to lead the gainers, while Bupa Arabia for Cooperative Insurance Co. fell 2.2 percent leading the fallers

  • LNG projects in the Gulf of Mexico boosted as Russian gas alternative

    The White House had earlier said that "federal policies are not limiting the production of oil and gas."

    Tellurian's future liquefaction plant will export 3.6 billion cubic feet LNG per day once completed

    The US administration has also said that supply must keep up with demand of energy for the short term

  • Cloud plaint hits Microsoft

    The tech giant is being accused in Europe of stifling competition.

    Three companies have lodged a complaint with the European Commission against Microsoft

    They have accused the US technology giant of anti-competitive practices in its cloud services

  • GCC airfares soar as oil prices rise

    The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.

    Several Arab airlines have decided to raise the prices of their tickets slightly

    Kuwait’s Jazeera Airways increased fares to all destinations from March 7