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.

  • Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1

    Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January...

    ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.

    More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.

  • Jordan bank plans acquisition

    Central Bank will acquire the Societe Generale Bank Jordan.

    The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically

    Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth

  • Spider-Man first $1bn post-pandemic movie

    No Way Home has grossed $467.3 million in North America and $587 million internationally since its release earlier this month.

    Spider-Man has become the first billion-dollar-grossing film of the pandemic era

    The movie took an estimated $81.5 million in North America over the Christmas weekend

  • Evergrande vows to deliver homes

    The Chinese real-estate firm has $300 billion in liabilities.

    In recent months, Evergrande has repeatedly said it will finish its unfinished projects and deliver them to buyers

    This, despite the company having missed a payment of more than $1.2 billion earlier this month

  • Ecommerce changes GCC buyers, sellers forever

    As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.

    Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites

    AR and AI will become more commonly used to improve the consumer experience

  • KPMG Lower Gulf revenues up, workforce rises by 21 percent

    KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021....

    KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021.

    Advisory grew 17 percent, Audit 4 percent and Tax & Legal Services at 8 percent, the firm said. 

  • Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors

    Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’...

    This is a new record as nearly 30 percent of the total number of visitors to Expo visited the Saudi Pavilion since its official opening.

    The Kingdom's pavilion at Expo 2020 Dubai succeeded in increasing its visitors through its various economic events and cultural activities.

  • Dubai launches one-stop-shop online portal for timeshare operators

    Dubai’s Department of Economy and Tourism (DET) has launched an online portal that provides a ‘One-Stop-Shop’ for timeshare operators to...

    The Timeshare Portal supports the legal framework created by Dubai’s new Timeshare Law.

    It allows allows potential operators to register and submit their applications for timeshare properties and obtain a permit as a licensed timeshare operator.

  • Bahrain closes two eateries over violation of Covid-19 protocols

    Inspectors also visited a total of 193 restaurants and cafes and took required measures against 17 outlets.

    The Ministry of Health announced that it had taken the required measures prior to referring both food outlets to legal authorities

    This came during an inspection campaign conducted in cooperation with the Ministry of Interior and the Ministry of Industry

  • Omicron hits Christmas weekend travel: Over 6,000 flights scrapped

    More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...

    Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19

    A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business