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.

Gaza’s only power plant closes due to fuel shortage

  • The power station has gone without fuel deliveries through Israel since the country shut its goods and people crossings with Gaza on Tuesday.
  • In a statement, Gaza's electricity company said the shutdown will affect all public utilities, crucial installations and exacerbate the humanitarian situation

Gaza’s sole power plant shut down on Saturday after running out of fuel, an electricity company spokesman said, five days after Israel closed its goods crossing with the Palestinian enclave.

“The power plant in Gaza has stopped (working) due to the fuel shortage,” said Mohammed Thabet, spokesman for the electricity company.

The power station has gone without fuel deliveries through Israel since the country shut its goods and people crossings with Gaza on Tuesday.

The electricity supply is expected to plummet to just four hours a day, Thabet said.

Diesel for the power plant is usually trucked in from Egypt or Israel, which has maintained a blockade of the enclave since Hamas took control of Gaza in 2007.

In a statement earlier on Saturday, Gaza’s electricity company said the shutdown “will affect all public utilities and crucial installations and exacerbate the humanitarian situation”.

The company called on “all parties to urgently intervene and allow the entrance of fuel deliveries for the power plant to work.”

Gaza’s 2.3 million residents experience regular power shortages and last week received only an average of 10 hours of electricity per day, according to data from the UN’s humanitarian agency OCHA.