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

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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

UAE President orders completion of AED2.3bn housing project

  • All housing grant applications will be processed in the next five years, says UAE's Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei
  • It includes housing grant applications submitted by applicants who are eligible under the Programme's terms and conditions, the minister adds

UAE President Sheikh Mohamed bin Zayed Al Nahyan has ordered the completion of all housing grant applications submitted through the Sheikh Zayed Housing Programme (SZHP)) in previous years, for a total cost of about AED 2.3 billion. 

Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that, under the initiative, all housing grant applications that are currently pending in the Sheikh Zayed Housing Programme will be processed in the next five years. He explained that it includes housing grant applications submitted by applicants who are eligible under the Programme’s terms and conditions, and covers construction, upgrades and maintenance.

Al Mazrouei affirmed that the ministry will collaborate with the Follow-Up Committee of the Initiatives of the UAE President to implement Sheikh Mohamed’s directives as per the timeframe of the five-year plan. 

Al Mazrouei said that the housing projects are a top priority since the establishment of the Union.Â