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

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Emirates NBD 2025 profit $8.5bn

Total income rises by 12 percent, operating profit up 13%.

SAN Group to invest in RAKEZ

  • This biotech facility will consist of a research center, laboratory, desalination plant, greenhouse as well as hydroponic and aquaponic indoor systems.
  • The project will be constructed with an investment of $3.2 million and will be operational at the end of 2022.

Austrian SAN Group will construct a sustainable hydrogen production unit, plant and fish farming in RAKEZ Al Hamra Industrial Zone with an investment of AED12 million ($3.2 million).

This biotech facility will consist of a research center, laboratory, desalination plant, greenhouse as well as hydroponic and aquaponic indoor systems.

It will generate energy through solar power systems that serve as the source of electricity for all the buildings in the premises. Furthermore, this electricity is used to produce green hydrogen.

The facility of SAN Enertech will be fully operational by the end of 2022. The pilot research plant serves as a blueprint for regenerative agriculture in the Middle East and Africa region.

“Our new location in Ras Al Khaimah supports the long-term strategic goals of our company. When deciding where to invest, we gave paramount consideration to cost-effectiveness, the right environment, and ease of doing business, and with RAKEZ we found all the support we needed,” said Erich Erber, Founder and President of SAN Group.

He said SAN Enertech seeks to collaborate with local scientists to jointly expand the know-how and experience in the field of self-sustained farming.

“By utilizing our fully integrated system, we want to demonstrate a concept and value that can be achieved even in climates that are unstable for agriculture, by providing fresh, home-grown food supplies for a growing population,” he said.

“We will be able to prove this to ourselves, the UAE society, and the entire world through the combination of different disciplines of state-of-the-art technology,” he added.