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

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.

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

Business

Aramex Q4 net profit doubles

The firm reported a marginal YoY decline in Q4 revenue.

Business
Business

ADNEC posts strong 2022 growth

In 2022, the Group launched its new corporate identity.
  • In 2022, the Group launched its new corporate identity including exhibition and conference centres, events, hospitality, event services, and hotels
  • A number of specialized companies work within ADNEC Group in six key business areas, led by ADNEC Convention and Exhibition Centres
Business

Saab 2022 net profit at $211m

Revenue rose as countries boost military spending.
  • Order intake for the Swedish company totaled US$6.1 billion in 2022, a 45 percent increase from the previous year.
  • They soared by 144 percent in the fourth quarter alone to US$2.8 billion year on year.
Business

Multiply Group 2022 net profit

Growth in profits driven by investments and rise in operating portfolio.
  • The Group said that most of its subsidiaries showed growth in operating profits in 2022.
  • It deployed more than AED12 billion in 2022, making investments in high-growth industries such as energy.
Business

TECOM reports $0.54bn revenue

The group maintained a healthy debt profile.
  • The results showed strong demand for the Group's commercial and industrial properties, supported by Dubai's strong macroeconomic environment
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 15 percent year-on-year to $0.36 billion
Business

Aldar posts net profit of $0.84bn

The company's revenue in 2022 rose to $3.04bn.
  • The company announced a Q4-2022 net profit of $0.27 billion, up 28 percent YoY
  • The company's revenue in 2022 rose to $3.04 billion, up 31 percent YoY
Business

Industries Qatar’s profit surges

The company saw a 9 percent increase in its net profit.
  • The company's board recommended cash dividend of QR 1.1 per share, equivalent to 110 percent of the nominal value of the share
  • Incorporated as a Qatari joint stock company on April, 19, 2003, Industries Qatar has a share capital of QR 6,050 billion
Business

Credit Suisse 2022 loss $7.9bn

Since March 2021, bank's stock lost over 75% of value.
  • The Zurich-based lender had waved goodbye to more than eight billion Swiss francs during the global financial crisis 15 years ago
  • Credit Suisse recorded net asset outflows of 110.5 billion Swiss francs in the fourth quarter of last year alone, mostly in October
Business

AstraZeneca 2022 profit $3.3bn

The firm's revenues rose to US$44.4 billion in 2022.
  • Investors welcomed AstraZeneca's earnings update, with its share price rallying five percent to US$13.7 in London.
  • The annual net profit was boosted by cancer treatments and the integration of biotech unit Alexion following a takeover.
Business

Volvo Cars 2022 net profit $1.6bn

Revenue climbed by 17 percent to a record US$31.8 billion.
  • Electric cars accounted for 11 percent of sales last year, compared to four percent in 2021.
  • Volvo Cars accelerated towards the aim of becoming a fully electric car company by the end of the decade and climate neutral by 2040.
Business

ADNOC Distribution 2022 net profit $748m

The EBITDA grew by 15 percent to reach AED3.52 billion.
  • Total fuel volumes continued to increase during the year, recording an 8 percent year-on-year growth through 2022 – with commercial fuel volumes up by 19 percent.
  • The Company’s Board of Directors has recommended distributing a cash dividend of AED1.285 billion (10.285 fils per share), for the second half of 2022.

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.
Business

Company News

MODON inks $133 m pact

Aramco, Cenomi see 4 negotiated deals

stc’s acquisition of Telefonica stake okayed

DAE closes $1.6 billion loan

EIH buys stake in Al Ain Pharmacy

Latest News

Infracorp logs $29.8m profit

The company specializes in social infrastructure.
Business

ADX lists FAB Green Sakuk

FAB is the United Arab Emirates’ largest bank.
Business

Naufar partners with MEEZA 

MEEZA is a Managed IT Service and Solutions provider in Qatar.
Business

Most Read

Business

Solutions+, EIH sign MoU

The pact will help in creating job opportunities in the UAE.
  • The pact outlines a strategic cooperation that contributes to supporting and developing closer ties between the two companies.
  • The agreement will help improve efficiency in Business Process Outsourcing, Digital Management and Facility Management.
Business

MBC Group IPO plea okayed

The conglomerate intends to sell 33.25 million shares.
  • The number of shares represent 10 percent of the capital of the Saudi media conglomerate.
  • The company's prospectus will be published ahead of the planned share sale, the market regulator said in a statement.
Business

Yalla 9M revenue at $237.9m

The results underscore the firm’s robust financial performance.
  • The company's net margin remained exceptionally high at 41.4 percent, highlighting its strong monetization capabilities.
  • Yalla's average monthly active users experienced significant growth, surging by 13.6 percent to 35.1 million in Q3 2023.