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.

Noatum buys APM Terminals Castellón

Noatum Terminals is the terminals ops business of Noatum Group.

Business

Makeen, Rolls-Royce forge partnership

They will manufacture, test, sell and service mtu engines in Saudi.

Business
Science

Elon Musk announces humanoid Tesla Bot

Musk said the robot would be five feet and eight inches tall, and that a prototype would be ready next...
  • Musk compared the current fleet of Tesla cars to “semi-sentient” beings
  • He then said whatever the vehicles are capable of could well be put into humanoid form

Office 365 prices to go up from 2022

The prices would apply globally with adjustments for certain regions.
  • There are no changes to pricing for education and consumer products of Microsoft at this time
  • Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months
Business

Nokia launches 5G course

New course addresses the challenges faced by all industries, governments, and individuals in securing 5G systems
  • The course is part of Nokia’s program to train and certify industry professionals on 5G technology
  • New course addresses the challenges faced by all industries, governments, and individuals in securing 5G systems

Ofco expands fleet with 7 vessels

Ofco is the marine services arm of Abu Dhabi Ports.
  • They include four Anchor Handling Tugs, a 65-meter landing craft, a supply ship, and a multipurpose safety standby vessel
  • These will further extend the company’s capabilities in providing onshore and offshore integrated logistics solutions and subsea services
Business

Toyota to cut Sept production

The world's largest automaker had planned to build just under 900,000 vehicles next month
  • The world's largest automaker had planned to build just under 900,000 vehicles next month
  • The Japanese giant's rivals have also been forced to slash production targets

Saudi Ceramics plans $66m factory

The facility will have an annual capacity of 8.25 million sq m.
  • The facility is expected to be financed through internal accruals and fresh borrowings
  • The project will commence from the fourth quarter of 2021 and be completed by Q2 2023

FB to unveil digital wallet soon?

The Novi wallet has been under development for two years.
  • Novi is an interoperable digital wallet for people to move money around domestically and internationally
  • Facebook as secured licenses to launch Novi in almost all US states
Business

Twitter lets users flag ‘misleading’ content

A new test feature will allow some Twitter users mark tweets as "misleading".
  • A new test feature will allow some Twitter users in the United States, South Korea and Australia to mark tweets as "misleading" after clicking "report tweet."
  • Users can then be more specific, flagging the misleading tweet as potentially containing misinformation about "health," "politics" and "other."
Business

Facebook blocks Taliban’s WhatsApp accounts

Taliban had set up Whatsapp hotline to receive complaints
  • Due to US sanctions, Facebook has moved to shut down a WhatsApp hotline the Taliban had set up to receive complaints about violence and looting
  • A WhatsApp spokesperson said in an email to AFP that the company is required to follow US sanctions.

Himalaya plans $32m factory in Dubai

The medicines made here will be exported to over 100 countries.
  • The facility will produce 3 billion tablets, 15 million syrup bottles, and 3 million units of ointment every year
  • It will be set up in Dubai Industrial City, and create hundreds of specialized jobs

Noatum buys APM Terminals Castellón

Noatum Terminals is the terminals ops business of Noatum Group.
Business

Company News

ADNOC Drilling to buy 3 rigs

Allwyn buys Britain’s Camelot

GAL-AMMROC, GMF ink pacts

Americana IPO: UAE retail offer doubled

AD Ports acquires Noatum

Latest News

ANB profit up 51 percent in H1

The growth was backed by net special commission income.
Business

IHG to open Hotel Indigo in Oxagon

Oxagon is a coastal industrial city in Saudi Arabia's NEOM.
Business

FAB second quarter net profit $1.14bn

The rise attributed to increase in net interest and non-interest income.
Business

Most Read

Business

AD Ports Group, CMEC ink MoU

The two companies will explore opportunities globally.
  • The two companies will cooperate in various fields including global industry and infrastructure development, financing, building.
  • The agreement will be valid for three years and will focus on achieving complementary advantages, sharing resources.
Business

Volvo Cars Q2 net profit $342m

Firm in profit despite high inflation, rising interest rates.
  • Volvo Cars reported a 25 percent increase in retail sales, with 178,800 units sold in the second quarter.
  • Central banks have been raising interest rates in efforts to cool consumer price increases.
Business

VMware takeover by Broadcom okayed

Broadcom is seeking to expand into the software market.
  • The Competition and Markets Authority said the deal "would not weaken competition in the supply of critical computer server products".
  • The CMA in March said the deal could harm innovation and drive up the cost of computer parts used by key clients including banks, retailers and telecoms.