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

Geostrategy

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.

NEOM announces Aquellum as futuristic lifestyle community

NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...
  • Aquellum is hidden within a breathtaking 450-meter-high mountain range.
  • The subterranean digitalized community creates vibrancy and interconnectivity.

Israel bombs Gaza as Blinken says no regional escalation

As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...
  • In Cairo, Blinken met with Egyptian President Abdel Fattah al-Sisi, a key mediator in efforts to end the war sparked by Hamas's October 7 attacks on Israel.
  • Blinken outlined a possible post-war future for Gaza on Wednesday after meeting Palestinian president Mahmud Abbas.

Saudi Arabia signs MoUs with four countries for development in mining industry

RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
  • The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.
  • A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

Iran’s navy seizes oil tanker off Oman in dispute with US

The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas...
  • Iran has responded with tit-for-tat measures in the past after seizures of Iranian oil shipments. US sanctions target Iranian oil sales in a bid to reduce Iran's energy exports.
  • The Islamic republic has been under crippling US sanctions reimposed following Washington's 2018 withdrawal from a landmark nuclear deal.

South Africa accuses Israel of genocide at top UN court

A world away from the death and destruction in Gaza and Israel, robed lawyers battled it out over technical legal...
  • South Africa has lodged an urgent appeal at the International Court of Justice (ICJ) to force Israel to "immediately suspend" its military operations in Gaza
  • Top lawyer for South Africa Adila Hassim said Israel's bombing campaign aimed at the "destruction of Palestinian life" and had pushed Palestinians "to the brink of famine"

EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...
  • The opinion will feed into a legal battle Google has been waging to overturn the fine the European Commission hit it with in 2017.
  • The commission determined that Google abused its dominant position by favoring its own Google Shopping service.

Israel army claims two journalists slain in Gaza strike were ‘terror operatives’

Israeli army said Mustafa Thuria was identified in a document found by troops in Gaza to be a member of...
  • Hamza Wael Dahdouh and Mustafa Thuria, who also worked as a video stringer for AFP and other news organizations, were killed on Sunday
  • The Israeli army said that both the deceased journalist were members of Gaza-based fighters organizations actively involved in attacks against IDF

Chinese foreign minister to visit Egypt, Tunisia this week: ministry

Wang's overseas travel will coincide with another trip abroad by a top Chinese official, Premier Li Qiang, this week. Li...
  • Wang's visit to Egypt will follow that of US Secretary of State Antony Blinken, who is set to meet President Abdel Fattah al-Sisi in Cairo
  • China has historically been sympathetic to the Palestinian cause and supportive of a two-state solution to the Israeli-Palestinian conflict

WHO urges Israel to allow aid delivery in ‘indescribable’ Gaza

"Delivering humanitarian aid in Gaza continues to face nearly insurmountable challenges," WHO chief Tedros Adhanom Ghebreyesus told a press conference....
  • Ghebreyesus said that WHO teams have had to cancel six planned missions to northern Gaza since December 26 due to lack of assurances of safe passage.
  • "People are standing in line for hours for a small amount of water, which may not be clean, or bread, which alone is not sufficiently nutritious," he said.

Germany resumes arms exports to Saudi Arabia after 5 years

Berlin has loosened its stance on weapons exports to the kingdom recently, with the government praising Saudi Arabia's "constructive approach"...
  • Government spokesman Steffen Hebestreit confirmed a report that Berlin gave a green signal for the export of 150 Iris-T air-to-air missiles to Saudi Arabia.
  • The newly approved Iris-T missiles could "be fired from aircraft at airborne targets, that is to say missiles, drones and so on", he said.

UN nuclear chief heads to Iran for crucial talks

International Atomic Energy Agency chief Rafael Grossi is set to visit Tehran on Wednesday for crucial talks on Iran's nuclear...

Company News

Latest News

Hamas armed wing says fired ‘large rocket barrage’ at Tel Aviv

Rocket sirens blared in Tel Aviv for the first time in months, with an AFP correspondent reported hearing at least...

Hamas claims to have taken Israeli soldier ‘prisoner’

The armed wing of Hamas said it had taken "prisoner" at least one Israeli soldier in an ambush on Saturday....

Modi’s struggling rivals to vote as India election resumes

New Delhi, India - India's six-week election resumes Saturday, with top rivals of Prime Minister Narendra Modi due to vote in...

Most Read

Tens of thousands bid farewell to Iran’s Raisi ahead of burial

Men and women thronged the main boulevard of Mashhad, Iran's second city in the northeast where Raisi was born, bidding...
  • Posters of Raisi were raised along the streets of Mashhad, particularly around Raisi's final resting place
  • Massive crowds had gathered for a funeral procession in the Iranian capital on Wednesday to pay their final respects to the president

Norway, Ireland, Spain to recognize Palestinian state

The announcement is the second diplomatic blow this week after the International Criminal Court prosecutor said he would seek arrest...
  • Norway, Ireland and Spain announced that they will recognize a Palestinian state
  • The three nations hope other countries will follow but Europe remains split over the issue

Israel furious as 3 European countries recognize Palestinian state

Israel reacted with fury after three European countries said Wednesday they would recognize a Palestinian state, more than seven months...
  • Ireland, Norway and Spain said they would formally recognize the State of Palestine on May 28.
  • Israel strongly opposes the move, arguing that it amounts to "rewarding terrorism"