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.

UAE, Egypt discuss cooperation in defense industries

  • The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
  • They discussed promoting partnerships between the defense industry of the two countries.

CAIRO, EGYPT – A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.

Major General Dr. Mubarak Saeed bin Ghafan Al Jabri, Assistant Under-Secretary for Support and Defense Industries at the Ministry of Defense of UAE met with Major General Kamal Wafaa Radwan, Head of the Armament Authority of the Egyptian Ministry of Defense.

The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt, most notably in defense industries and promoting partnerships between the defense companies of the two countries.

The two sides discussed mutual cooperation as well as the mechanisms for facilitating business among defense industry companies from both countries and integrating their research and development.

Maj Gen Al Jabri also met with Maj Gen Mokhtar Abdel Latif, Head of the Arab Organization for Industrialization and invited him for the International Defense Exhibition and Conference (IDEX) 2023 and the Naval Defense Exhibition and Conference (NAVDEX) 2023, in Abu Dhabi.

The Emirati delegation visited the organization’s exhibition and was briefed about the host country’s plans to encourage local industrialization, utilize local technologies and promote the concept of “Made in Egypt”.

The meeting also addressed the future of defense industries in the two countries, especially entrepreneurship, advanced technologies, the Fourth Industrial Revolution, training citizen cadres, strategic partnerships with major international producers and supporting research and development.

Maj Gen Al Jabri lauded the vision of UAE President Sheikh Mohamed bin Zayed Al Nahyan and Egypt President Abdel Fattah El-Sisi and their support for efforts to develop the defense industries of their countries and achieve economic diversification.