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

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.

Qatar says ‘400-500’ workers died on World Cup projects

  • Migrant workers make up more than 2.5 million of Qatar's 2.9 million population
  • Qatar has also introduced a minimum wage of 1,000 riyals ($260) and restricted hours in which workers can go out in extreme heat

Doha, Qatar— Qatar’s top World Cup official said Tuesday that more than 400 migrant workers died in labour accidents in the country in the years leading up to the tournament.

Hassan Al-Thawadi, head of Qatar’s delivery and legacy organising committee, gave the figure of 400-500 in a British television interview when asked how many workers had died “doing work for the World Cup”.

The organising committee said his response referred to “national statistics covering the period of 2014-2020 for all work-related fatalities” in Qatar “covering all sectors and nationalities”.

Also read: https://trendsmena.com/global/infantino-says-qatar-migrant-workers-take-pride-from-hard-work/

It said there were 414 worker deaths over the eight-year period.

Migrant workers make up more than 2.5 million of Qatar’s 2.9 million population and labour conditions have been strongly criticised — particularly on the huge construction projects that have transformed the tiny Gulf state in the past decade.

Qatar has never given precise figures for the number of deaths of foreign labourers though it has denied claims by rights groups that thousands died.

Also read: https://trendsmena.com/business/qatars-migrant-army-queues-for-glimpse-of-world-cup/

Authorities have insisted that only 37 workers on World Cup projects have died — and only three in work-related accidents — and Thawadi repeated this figure in the interview.

“One death is a death too many. Plain and simple,” Thawadi said.

Also read: https://trendsmena.com/business/qatar-is-the-go-to-place-for-migrants-workers-looking-for-a-decent-life/

Under pressure from international unions, Qatar has undertaken reforms that have been praised.

It has dismantled its ‘kafala’ labour system which gave employers powerful rights over whether workers could leave their jobs or even the country.

It has also introduced a minimum wage of 1,000 riyals ($260) and restricted hours in which workers can go out in extreme heat.

A series of ministers who have been through Qatar for the World Cup in recent days, including US Secretary of State Antony Blinken, have acknowledged the progress but said more must be done.