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

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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

World’s longest submarine cable lands in Jeddah, Yanbu

  • The project, a part of the 2Africa subsea cable consortium,  is geared tow making Saudi Arabia a global digital hub linking three continents of the world - Asia, Africa and Europe.
  • With over 45,000 km of length, the project will connect 33 countries by the completion of the project in 2024, delivering reliable connectivity and internet services

Jeddah, Saudi Arabia — Center3, a connectivity company owned by stc Group, and Meta Company announced on Tuesday the landing of the world’s longest submarine cable project at two of the four planned landing sites in Saudi Arabia: Jeddah and Yanbu. ‏

The project, a part of the 2Africa subsea cable consortium,  is geared to making Saudi Arabia a global digital hub linking three continents of the world – Asia, Africa and Europe.

With over 45,000 km of length, the will connect 33 countries by the completion of the project in 2024, delivering reliable connectivity and internet services. The 2Africa subsea cable is expected to make four landings in Saudi Arabia; Jeddah and Yanbu, which were just completed; followed by Duba later this year, and Al Khobar in 2024.

The subsea cable will promote a surge in information exchange and digital business development, fostering current growth and the next growth stage in many of the economies it connects. It extends into the Arabian Gulf region through “the 2Africa Pearls” cable extensions, with landings in Kuwait, Bahrain, Qatar, Iraq, Oman, the UAE, Pakistan, and India, along with the East Coast of Saudi Arabia.

The 2Africa consortium includes center3, Meta, China Mobile International, MTN Global Connect, Orange, Telecom Egypt, Vodafone, and WIOCC.

According to center3’s CEO, Fahad A. Alhajeri, the project is a significant step towards achieving the Kingdom’s 2030 Vision.

The COVID-19 pandemic has highlighted the importance of internet access in people’s lives, making investing in subsea cables a vital aspect of providing a better experience for individuals in various industries, including healthcare, education, and social services, as stated by Meta’s Regional Director, Fares Akkad.