Combat Field: a gamer’s paradise at Riyadh Season
Among many attractions of Riyadh Season is Combat Field for fans of war and combat games. It simulates the reality...The total area of the Combat Field area situated in "Janadriyah" northeast of the capital, Riyadh is about 310,000 square meters
Also, the Combat Field area includes a weapons museum, 5 exhibitions for the sale of ammunition, weapons and accessories, as well as live shows of fighting robots
UAE minister says global energy transition to take time
The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition...The minister believes that the world is entering an oil supply crunch
He said that 80 percent of energy demand still comes from fossil fuel. He added that the world was ‘underinvesting’ in hydrocarbons
New leaks rock Facebook
Internal documents seem to support the accusations.Facebook held back from doing all it could to stop users from being radicalized, say recent leaks
It is also accused of not doing enough to stop US election misinformation from flooding the social network
European nations strive to cushion energy price hikes
Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are...France announced Thursday a one-time, tax-free payment of 100 euros to people with revenues of less than 2,000 euros per month
It had already announced an exceptional, additional 100-euro payment to six million households which receive cold weather payments to help pay their energy supplier
Bitcoin drops off record high as ETF-frenzy subsides
Cryptocurrencies declined on Friday following an ETF-fueled rally that saw it reach a record $67,016 on Wednesday, as investors questioned...Bitcoin’s recent rally — six-months after its previous top of $64,895 — was fueled by the debut of the ProShares Bitcoin Strategy ETF
Investors have bet the long-awaited launch of bitcoin ETFs will lead to greater investment from both retail and institutional investors
STV sets its sights on $1bn Middle East tech fund
STV is aiming to raise at least $1 billion for its second Middle East technology investment fund, making it potentially...The people chose to remain anonymous as the details of the fund remain private
IPOs in the region have also recently taken prominence with Adnoc Drilling coming to the market as the largest IPO on the Abu Dhabi stock market
Al Babtain to procure SAR 250m loan
The facility will be provided through Murabaha modeThe duration of the banking facility is four years and 282 million riyals have been pledged as guarantees for the financing.
The company said the loan will be used for re-structuring a part of short-term finances.
Banan to distribute cash dividends
The shareholders will get dividends for the period ending June 30.Banan Real Estate Company focuses on the investment and development of commercial, hospitality, and residential real estate.
The dividends will be distributed automatically by depositing in the investment accounts linked to the shareholders’ portfolios.
Samsung SDI, Stellantis deal
The two companies will set up EV battery joint ventureThe two companies will set up a "joint production body" in the United States to produce EV battery cells and modules
With the deal, Stellantis has "secured production capacity" to realise its goal to have electric vehicles make up 40 percent of its US sales
Saudi index reaches new highs on oil price rise
The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is...Qatar Stock Exchange upwardly revised 0.1 percent on Thursday, aided by a 3.5 percent increase in Nakilat shares.
Egyptian Stock Exchange ended its sessions on Oct. 20 with a collective decline of indices for the second consecutive session.
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.
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.
DP World 2025 revenue $24.4bn
The profit for the year up 32.2% to reach $1.96bn.
BYD 2025 revenue surges
The EV manufacturer reported net profit of $.3.3bn for 9M 2025.
