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.

Syrian ship accused of carrying stolen Ukranian grain leaves Lebanon

  • Kyiv's embassy in Lebanon had claimed that the grain cargo was loaded from a region occupied by Russian forces
  • Ukraine has repeatedly accused Moscow's forces of ransacking its grain warehouses since Russia invaded the country in late February
A Syrian ship cleared for release by Lebanon after it was seized over allegations it was carrying flour and barley stolen from Ukraine left port on Thursday, officials said.
The Laodicea, which was docked in the northern port of Tripoli, was cleared to leave after investigations failed to prove it carried stolen goods, officials said.It set sail at 8:00 am (0500 GMT), according to Lebanese state media, and was later reported by authorities in Damascus to have arrived at the Syrian port of Tartous to unload its cargo.

Kyiv’s embassy in Lebanon had claimed that the grain cargo was loaded from a region occupied by Russian forces and said it had presented Lebanese authorities with proof that the merchandise was stolen.

Ukraine said in a statement it was “disappointed” by the decision to clear the ship, which it argued would encourage Russia to “continue thefts in the temporarily occupied southern Ukraine with a sense of impunity.”

“We call on the Lebanese side… to take measures to prevent further attempts to use Lebanon to ship stolen Ukrainian grain,” the foreign ministry said in statement.

Ukraine has repeatedly accused Moscow’s forces of ransacking its grain warehouses since Russia invaded the country in late February.

Lebanese prosecutor Ghassan Oueidat ordered the Laodicea’s seizure on Saturday and instructed police to investigate. The prosecutor found that the grain aboard the vessel belonged to a Syrian merchant.

“Ukraine has always made efforts to support Lebanon’s food security, taking the first place among exporters of agricultural products to this country in 2021,” Kyiv’s foreign ministry said.

“Ukrainian food supplies did not stop even after the start of Russia’s full-scale armed aggression against Ukraine.”

Ukraine, one of the world’s largest grain exporters, has resumed grain exports following a UN-backed deal.

The Sierra Leone-registered Razoni set sail from Odessa for Lebanon on Monday with 26,000 tons of maize under an accord brokered by Turkey and the United Nations that seeks to release millions of tons of trapped Ukrainian produce to world markets.