This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting AWS cloud infrastructure in the GCC.

Search Site

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

OIC says Afghanistan needs full support of member states

  • The OIC has said its members as well as non-members need to organize an immediate humanitarian assistance plan for Afghanistan
  • The OIC humanitarian office in Kabul will assume the responsibility for the coordination of this aid

The Organization of Islamic Cooperation (OIC) has urged its member and non-member states to mobilize the necessary financial resources to support the people of Afghanistan, said local reports on Saturday, December 18.

The organization said the states needs to organize and implement an immediate humanitarian assistance plan for the country, the reports said.

In a statement at the opening session of the senior official meeting preparatory to the OIC extraordinary meeting of the OIC Council of Foreign Ministers on the humanitarian situation in Afghanistan, held on Saturday in Islamabad, the Assistant Secretary General of Humanitarian Affairs, Ambassador Tarig Ali Bakhit stressed that after decades of war, suffering, and insecurity, the people of Afghanistan need relief and peace.

“It is crucial for the international community to take swift action to ensure that the people of Afghanistan have unimpeded access to life-saving assistance, and that humanitarian support is scaled up,” said Bakhit.

“The OIC humanitarian office in Kabul will assume its responsibility in coordination with the various international agencies in delivering the required assistance to the millions of people in need,” he added.

The ambassador expressed his confidence that the OIC, the United Nations, regional partners, and key stakeholders would take all the necessary steps to bring sustainable solutions to the catastrophic humanitarian situation in Afghanistan, where millions of lives are at stake.

He expressed his gratitude to Saudi Arabia as the Chair of the Islamic Summit for taking the initiative to call for an extraordinary session of the Council of Foreign Ministers.

He also expressed appreciation to the government of Pakistan for hosting the conference.