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.

Putin launches Russian gas shipments to Uzbekistan

  • Despite being home to a wealth of natural  resources including gas, the Central Asian country of Uzbekistan has faced energy shortages.
  • Russian gas exports decreased by 21.5 percent in 2022 - as its largest buyer the European Union drastically reduced imports.

Moscow, Russia – Russian Vladimir Putin on Saturday announced the start of gas supplies to Uzbekistan via Kazakhstan, a boost for Russia’s industry hit by a flurry of Western sanctions over the offensive in Ukraine.

Despite being home to a wealth of natural  resources including gas, the Central Asian country of Uzbekistan has faced energy shortages.

Moscow meanwhile relies heavily on energy revenues but has seen export plummet amid since the offensive.

“This is the largest trilateral energy project” between the three ex-Soviet countries, Putin said, after formally launching the shipment.

He was hosting a meeting in Moscow with his Uzbek and Kazakh counterparts, Shavkat Mirziyoyev and Kassym-Jomart Tokayev.

“The timely implementation of such… project shows that Russia, Kazakhstan, and Uzbekistan are capable of tackling the most complex and ambitious tasks,” Putin said.

“Kazakhstan will be able to solve the issue of gasification of its northern and eastern regions” while Uzbekistan will “gain another source of energy”.

Putin added that the leaders would during the afternoon discuss further cooperation in the energy sector as a whole.

Russia’s offensive against Ukraine has rattled nerves in Central Asian nations, including Kazakhstan, which has sought to distance itself from Moscow.

But the former Soviet states retain close political and economic ties with Russia.

Russian gas exports decreased by 21.5 percent in 2022 as the European Union, once the largest buyer of Russian gas, drastically reduced imports.