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

VideosInforgraphics
Sign inSubscribe

Company News

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.

Rolls-Royce makes record deliveries

It delivered 6,032 cars in 2023, the highest in its 119-year history.

Business

Dragon Oil, Turkmennebit ink MoU

Aim is to expand Dragon Oil’s investments in Turkmenistan.

Business
Business

McDonalds Qatar warns of fake websites

The sites are advertising fake offers and requesting bank details.
  • McDonald’s has reported this problem to the local authorities
  • It is working closely with them to rectify the matter and take down these sites
Business

EZDubai starts four projects

It already has 1.3 million sq ft developed and handed over.
  • EZDubai was launched in January 2019 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
  • The 9,902,700 square-feet purpose-built ecommerce hub is designed to attract ecommerce companies
Business

Al Mazaya’s subsidiary to sell Saudi firm stake

First Dubai Real Estate Development Co. board cleared the $51.4m deal.
  • The board also approved to set off its entire accumulated losses by reducing its capital to 74.129 million dinars from 100 million dinars.
  • In May, Bait Al-Amar Al-Khaleeji General Trading and Contracting has purchased 60.029 million shares of Al Mazaya Holding.
Business

Qatar First Bank acquires office building in US

Fourteen555 is QFB’s eighth shariah-compliant real estate acquisition in the USA.
  • The building becomes the first multi-tenant office addition to QFB’s now eleven-asset strong portfolio, the bank said.
  • Major tenants of the building include billion-dollar revenue firms such as Moss Adams and Infor.
Business

Al-Nefaie named Seera Group CEO

He was appointed acting CEO of the group in April
  • Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
  • He has been the vice-president of the revenue department at Makkah Construction and Development Co.
Business

Mubadala mining JV unit sold

Matsa is a JV subsidiary of Mubadala and Trafigura.
  • The deal is valued at €1.58 billion ($1.85 billion)
  • It is expected to conclude in the first quarter of 2022
Business

Twitter to pay bitcoin tips

Twitter chief executive has endorsed digital currency
  • Platforms like TikTok, Instagram and YouTube have built their popularity among young people in large part because of these social media stars
  • Attracting and keeping creators and their audience has therefore become crucial for the tech companies battling to attract an audience—and advertising profits
Business

BitOasis to be registered in GoAML

BitOasis offers over 15 digital assets to trade against the dirham.
  • The Executive Office of Anti-Money Laundering and Counter Terrorism Financing — or AML/CTF — has welcomed the confirmation
  • The registration is expected to help add yet another layer of security for both fintech startups and the national economy
Business

Union Properties exits Dubai shopping deal

The deal with an unnamed developer was valued at $114m.
  • The company chairman calls the deal a part of the firm's plans for diversifying the real-estate portfolio.
  • Union Properties posted a profit of AED 32 million for H1.
Business

Adnoc Drilling IPO increased

Adnoc Drilling will list on the ADX on or around October 3.
  • The increase is expected to be from 1.2 billion ordinary shares to 1.76 billion ordinary shares
  • However, the offer price of AED 2.30 per share remains unchanged

Rolls-Royce makes record deliveries

It delivered 6,032 cars in 2023, the highest in its 119-year history.
Business

Company News

TA’ZIZ signs ammonia agreement

Al Seer Marine unveils MEGA II

DP World, Maersk sign partnership

TSMC posts Q4 profit of US$9.7bn

ALAFCO completes transfer pact

Latest News

Mubadala invests in Aligned

Mubadala will become a minority partner with this investment.
Business

Arabian Drilling H1 profit up 36%

The company has approved a cash dividend of SAR225 million.
Business

e& H1 net profit $1.27bn

The company's second quarter net profit increased 4% year on year.
Business

Most Read

Business

Alpha Dhabi’s H1 net profit $2.8bn

The company's revenue grew by 29 percent year on year.
  • The Group's total assets were AED 127.9 billion and cash position strong with AED 17.6 billion.
  • Alpha Dhabi joint venture with Mubadala Investment Company aims to co-invest in credit opportunities.
Business

Bupa Arabia H1 2023 net profit $149m

Rise was driven by a jump in insurance revenue.
  • The corresponding figure in the same period last year - H1 2022- was US$79.8 million.
  • The company reported a jump of US$74.9 million YoY in insurance services results.
Business

SABIC AN profit slumps 71% in H1

The drop was even higher (79 percent) in the second quarter.
  • The company attributed the H1 drop in profit to a decrease in average selling prices of company's products by 47 percent and a drop in sales volumes by 2 percent.
  • The company's net profit dropped by 33.6 percent in Q2, from SAR 980.6 million in Q1 2023, as average selling prices fell by 18 percent.