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

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.

Tunisia works to contain diesel spill after cargo ship sinks

  • Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
  • Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

Tunisia is working to contain the diesel spill from the Guinean fuel ship that sank off its coast on Saturday, local reports have said.

The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s southeast coast.

Now, local reports have quoted Tunisia’s Environment Ministry as saying that barriers will be put up and a perimeter set to contain the diesel spill from the vessel.

Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out, the ministry added.

Tunisia’s Environment Minister Leila Chikhaoui (2-R) tours the port of the southeastern Gulf of Gabes, after a tanker carrying 750 tons of diesel fuel from Egypt to Malta sank off the coast, on April 16, 2022. (AFP)

It also pointed out that Environment Minister Leila Chikhaoui went to Gabes to examine the situation and coordinate interventions to undertake the necessary preventive measures.

The authorities had already announced the implementation of the National Marine Pollution Emergency Response Plan to contain the damage.

The implementation is reportedly taking place in close coordination with the ministries of national defense, interior, and transport, as well as the Tunisian Customs.

Earlier in the day, the environment ministry said it was following with “concern” the environmental effects of the sinking of the cargo ship, adding that all efforts were being made to avoid “an environmental disaster.”

The wrecked commercial cargo ship, flying the flag of Equatorial Guinea and coming from the Egyptian port of Damietta, did not reach its final destination, Malta, due to bad weather conditions and rough seas.

As a result, it appealed to the Tunisian authorities to allow it to enter territorial waters and drop anchor about 7 km off the coast of the Gulf of Gabes.

However, water seeped into the engine room, flooding it to a height of 2 meters.

The Tunisian authorities intervened and rescued the entire crew.