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Economy

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.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Oman launches New Nation Brand at Davos to enhance global presence

Muscat, Oman – Oman on Tuesday launched its New Nation Brand at the World Economic Forum in Davos in an...
  • Speaking at the event, Oman’s Minister of Economy Dr Said Mohammed Al Saqri expressed confidence in the brand’s ability to enhance the country’s standing on the global stage
  • He continued that the launch of the brand  in Davos was not only as an invitation to international investors and media to explore Oman's opportunities

There’s nothing more interlinked and global as international financial markets: Swiss president

In an exclusive interview with TRENDS, Swiss President Karin Keller-Sutter emphasized the critical role of financial stability in safeguarding global...
  • Keller-Sutter emphasized that financial stability is vital for maintaining global economic health, highlighting the deeply interconnected nature of international financial markets
  • She stressed the importance of countries acting from internal strength to ensure resilience and contribute effectively to global financial stability.

UAE leads solar energy growth with strategic projects

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives...
  • The "Solar Outlook Report 2025" report outlines the rapid growth of solar energy in the Middle East and North Africa (MENA) region and the UAE’s key role in this transformation
  • Solar energy's share in the regional energy mix grew significantly, with solar capacity in MENA rising 23% in 2023 to 32 GW peak, and projected to exceed 180 GW by 2030

Social media’s evolving role in GCC spotlighted at Doha conference

Doha, Qatar – The Qatar Investment and Innovation Conference, held on Wednesday, at Barahat Msheireb in Msheireb Downtown Doha, brought...
  • The conference, co-hosted by Msheireb Properties and The Business Year, explored critical themes critical to the GCC’s position as a leading investment hub
  • Julien Hawari, CEO of Million and Sirius Lab, highlighted key social media trends in the region, such as the rise of content driven by younger, tech-savvy demographics

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...
  • Named in honour of the President Sheikh Mohamed bin Zayed Al Nahyan, the satellite was announced in 2020 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
  • MBZ-SAT marks a significant milestone in the UAE's satellite development journey, having been developed entirely by Emirati engineers at MBRSC

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...
  • The collaboration aims to create purposeful, credible and quality global content that reinforces the UAE’s status as a leading hub for the creative economy
  • This initiative coincides with the 1 Billion Followers Summit, the world’s largest summit dedicated to the content creator economy,

Latifa bint Mohammed awards UK’s Simon Squibb with ‘One Billion Award’ at 1 Billion Followers Summit

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the...
  • The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator economy
  • Valued at US$1 million, the award stands as the world’s largest and most significant recognition for impactful content creators

Fossil fuel demand is high in Central Eastern Europe. Here’s how it can make the energy transition

This “responsible transition” is not only defined by the development principles, but primarily by a selective investment approach in our...
  • A responsible strategy for energy transition in Central Eastern Europe must also take into account energy security
  • The low-carbon push can also be complemented by conventional energy investments where justified

Content creation key to awareness, culture, human development: Dubai ruler

Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...
  • The three day 1 Billion Followers Summit is being held in the UAE at Emirates Towers, the Dubai International Financial Centre, and the Museum of the Future in Dubai,
  • For the first time globally, leading platforms including Snapchat, X, YouTube, TikTok, LinkedIn, and Meta (Facebook, Instagram, WhatsApp) have come together in one place

UAE’s tech industry set to achieve record growth in 2025

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion...
  • The UAE has strengthened its position on the global map as an innovation-driven destination for the expansion of both global and emerging tech companies
  • International reports predict that the tech sector will continue to grow in areas such as artificial intelligence (AI), cloud computing, and emerging technologies like blockchain

Middle East conflict: Trade tensions rise as oil jumps and tariffs shake markets 

Several ports suspended operations in the Middle East after drone strikes. DP World said operations at Jebel Ali port in...

Latest News

UAE non-oil foreign trade up by 14.6% in 2024 to reach $816bn

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching...

Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world

Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order...

UNFPA and corporate partners drive reproductive justice in workplaces

Mariarosa Cutillo, UNFPA Chief of the Private Sector and Civil Society Branch, says businesses need to provide adequate maternal health...

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Rudolph Lohmeyer: The Gulf is redefining the global future, not just adapting to it

The Middle East must counter global economic divergence by enhancing regional financial integration to drive collective growth, Rudolph Lohmeyer tells...
  • The GCC is strategically positioning itself as a neutral hub by diversifying economic and diplomatic relationships to ensure resilience, Rudolph Lohmeyer tells TRENDS
  • AI is expected to revolutionize productivity, scientific discovery, and governance, with the UAE and KSA making significant investments in the field, he added

‘Authenticity, experiences, culture, generational and solo travel to lead tourism trends’

Visit Saudi, experience the warmth, generosity and hospitality of the people, Jerry Inzerillo tells TRENDS in an exclusive interview.
  • Visit Saudi, experience the warmth, generosity and hospitality of the people, Jerry Inzerillo tells TRENDS in an exclusive interview
  • Cultural and heritage tourism is on the rise, with travelers seeking genuine local experiences, from food to historical sites, her adds

Oil prices on the rise despite down week

Oil prices rose on Friday as markets weighed the threat of tariffs by U.S. President Donald Trump on Mexico and...
  • In January, Brent looks to gain 3.8 percent while WTI is poised to climb 2.3 percent
  • US President Trump threatened to impose a 25 percent tariff on Canadian and Mexican oil exports