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

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.

Kuwait chooses new ministers for oil and foreign affairs

  • Salem Abdullah Al-Jaber Al-Sabah was appointed as foreign minister and Ammar Muhammad Ammar Al-Ajmi was given the minister of state for housing and urban development
  • The first parliament session after the September elections in Kuwait has been postponed to Oct. 18

Kuwait City, Kuwait— Kuwait has brought in a new oil minister in a new cabinet reshuffle after the September elections.

Bader Hamed Yousef Al-Mulla was appointed as Kuwait’s new oil minister on Sunday as part of the Gulf country’s new cabinet.

In the reshuffle, Salem Abdullah Al-Jaber Al-Sabah was appointed as foreign minister and Ammar Muhammad Ammar Al-Ajmi was given the minister of state for housing and urban development and minister of state of national assembly affairs portfolios.

Mai Jassim Muhammad Al-Baghli was appointed as minister of social affairs and societal development and minister of state for women and childhood affairs.

Barrak Ali Barrak Al-Shaitan was given the deputy prime minister and minister of state for cabinet affairs role.

Abdulaziz Waleed Abdullah Al-Mujil was appointed as minister of state for municipal affairs and Hamad Abdulwahab Hamad Al-Adwani was appointed minister of education and minister of higher education and scientific research.

Amani Suleiman Bu Qamaz was appointed as minister of public works and minister of electricity, water, and renewable energy.

Abdulaziz Majed Abdulaziz Al-Majed was made minister of justice, minister of endowments and Islamic affairs, and minister of state for Nazaha enhancement.

The first parliament session after the September elections in Kuwait has been postponed to Oct. 18.