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.

UBS to reward shareholders

Losses from costs of absorbing Credit Suisse narrow.

Business

Vodafone Q3 revenue dips

Poor display across Italy, Spain is said to be the reason for loss.

Business
Business

ExxonMobil Q3 net surges to US$19.7bn

Hike in profit was due to high oil, natural gas prices.
  • The US oil giant became the latest petroleum heavyweight to report stunning third-quarter figures, with year-on-year profits nearly tripling.
  • The results show how the surge in crude prices in the aftermath of Russia's invasion of Ukraine has boosted oil company profits.
Business

QGIRCO posts Q3 net profit of US$1.1m

Firm's Q3, 2022 profit fell compared to Q3 in 2021.
  • The company's data indicated that the earnings per share amounted to $.01 in the third quarter of this year,
  • The company's earnings per share was $.02 for the same period last year.
Business

OMV Q3 net profit at $3.28bn amid high energy prices

Revenue doubled year-on-year to US$17.1 billion.
  • OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.
  • Following European sanctions on Moscow, OMV froze its investments in Russia.
Business

Amanat Holdings buys 60% stake in HDC for US$58m

HDC provides special education and care services in S Arabia.
  • HDC has a presence across six provinces of Saudi Arabia and caters to over 3,000 beneficiaries.
  • It has a network of nine schools, 22 daycare centers and specialized rehabilitation medical clinics.
Business

Borouge Q3 profit $308m, paid $325m dividend in October

The company reported a 13.5% increase in revenue to $5.13 billion for 9M.
  • Overall production capacity grew by 7.9 percent year-on-year as the ramp-up of the PP5 plant was completed.
  • Adjusted EBITDA for the nine months declined by 3.6 percent to $2.10 billion due to globally elevated logistics and material costs, Borouge said.
Business

Volkswagen profits slip by 26 percent in third quarter

Bottomline took a hit from Russia production halt
  • The company halted exports to Russia after the invasion of Ukraine and closed its local production sites
  • The car manufacturer made a net profit of 2.13 billion euros ($2.12 billion) in July to September
Business

Apple reports solid profits on rising revenues

The tech giant's iPhone sales missed estimates
  • Shares of Apple edged higher in after-hours trading, as the tech titan avoided a stumble akin to those experienced by Facebook parent Meta and Amazon
  • Profits edged up one percent to $20.7 billion, on an eight percent rise in revenues to $90.1 billion in Apple's fiscal fourth quarter ending September 24
Business

Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period

Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
  • A record quarter for retail lending and customer transactions, together with improving margins, drove income 31 percent higher YoY to AED22.7 billion.
  • New corporate lending grew by AED24 billion in the first nine months of 2022 and impairment was down 12 percent. 
Business

Emirates Islamic bank net profit for Jan-Sept period $285 million

The bank attributed the profit to higher funded and non-funded income.
  • Expenses increased 22 percent YoY, Impairment Allowances decreased 23 percent YoY reflecting improved business sentiment.
  • The bank's total assets increased to AED 73 billion, customer financing stood at AED 48 billion, rising 12 percent from 2021.
Business

Volvo Cars posts Q3 net profit of US$61m

Retail sales declined in its main markets Europe and the US.
  • Volvo Cars was hit hard by rising raw material prices, record inflation, higher interest rates and the war in Ukraine.
  • Revenue rose to $7.28 billion boosted by "robust" demand for the company's SUVs.

UBS to reward shareholders

Losses from costs of absorbing Credit Suisse narrow.
Business

Company News

QAMCO’s H1 net declines 60.7%

Alibaba quarterly revenue up 14 percent

SoftBank Group Q1 loss $3bn

Eshraq Q2 profit $9.79m

Yahsat H1 net income up 5%

Latest News

BMW Q3 profit drops 7.7%

The company's Q3 net profit stood at $3.1 billion.
Business

SAIC 9M net profit 38%

The third quarter net profit increased by 76 percent.
Business

Ducab, Somagec ink MoU

The MoU will enable UAE-based firm to enter Angolan market.
Business

Most Read

Business

Alpha Dhabi 9M net profit $3.15bn

The net profit increased by a substantial 29 percent during this period.
  • Alpha Dhabi's revenue also increase by 22 percent during this period, reaching AED 32.4 billion, compared to AED 26.6 billion in the previous year period.
  • Alpha Dhabi's total assets reached AED 133.6 billion, with a cash position of AED 19.1 billion as of September 30, 2023.
Business

Lootah Biofuels inks MoU

The agreement is aimed at producing biofuel in Maldives.
  • The deal was inked during the second day of the Dubai Business Forum, an influential global gathering of businesses and investors.
  • The objective of the MoU is to reduce the impact of CO2 by replacing normal diesel with biodiesel.
Business

Al Ansari Financial Services okays dividend

The first proposed interim dividend is of $81 million.
  • All matters relating to future dividend distribution will be subject to the Board of Director's recommendation and shareholder's approval.
  • The approved US$81 million cash distribution aligns with the group's previously announced dividend policy.