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.

China denies ban on use of iPhone in government agencies

  • Foreign ministry spokesperson said that China has not issued any laws, regulations, prohibiting the purchase and use of foreign brand smartphones, including iPhone
  • In the wake of reports about significant Chinese restrictions on iPhones at government offices and state-backed entities, Apple shares tanked sharply last week

Beijing, China–China on Wednesday denied there was any ban on officials purchasing or using foreign phones, including iPhones, after reports said Beijing was prohibiting civil servants from using Apple handsets.

“China has not issued any laws, regulations, and policy documents prohibiting the purchase and use of foreign brand smartphones, including iPhone,” foreign ministry spokesperson Mao Ning told a regular briefing.

“We always have an open attitude towards foreign-funded enterprises,” she added.

Apple shares fell sharply last week following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities.

The Wall Street Journal first reported that China had barred the use of Apple smartphones in central government agencies.

That was followed by a Bloomberg News story that China planned to expand the ban to government-backed agencies and state companies, broadening the effect of the policy in a centrally planned economy.

Mao said Wednesday, however, that China “treats both domestic and foreign-funded enterprises in the same way and on an equal footing”.

“The Chinese government attaches a great importance to information and cybersecurity,” she added.