This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting AWS cloud infrastructure in the GCC.

Search Site

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Turkish Airlines to buy 355 planes from Airbus

  • "It was decided to purchase 355 aircraft from Airbus," Turkish Airlines chief executive Bilal Eksi said in a social media statement
  • The Turkish firm said in a separate corporate filing statement that the purchases would made as part of its "strategic plan" for 2023-2033

Istanbul, Turkey – Turkish Airlines said on Friday it has decided to order 355 Airbus aircraft over the coming decade as it seeks to become the world’s largest carrier.

“It was decided to purchase 355 aircraft from Airbus,” Turkish Airlines chief executive Bilal Eksi said in a social media statement.

“I wish good luck to our country and our company,” Eksi said.

The Turkish flag carrier said in a separate corporate filing statement that the purchases would made as part of its “strategic plan” for 2023-2033.

But the airline and Airbus differed slightly about the details of the deal.

The Turkish Airlines statement said it had made firm orders for 230 jets and placed purchasing rights for an additional 125 aircraft.

Airbus said in its own statement that Turkish Airlines had agreed to order 220 jets.

There was no immediate explanation for the discrepancy in numbers.