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.

China firms under sanction by US for assisting Iran missile program

  • The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use.
  • Washington is concerned that Iran plans to develop nuclear weapons that could be loaded on ballistic missiles to menace Israel.

WASHINGTON, US– The United States placed sanctions on Tuesday on several Chinese and Hong Kong firms it said were supplying Iran’s ballistic missile program.

The US Treasury said the Chinese companies shipped centrifuges for producing fuels, non-ferrous metals with potential military use, electronics and gyroscopes to already-sanctioned Iranian government bodies and private companies closely involved in building the missiles.

Washington is concerned that Iran plans to develop nuclear weapons that could be loaded on ballistic missiles to menace Israel and other countries.

The companies include Beijing Shiny Nights Technology Development, Qingdao Zhongrongtong Trade Development, Hong Kong Ke.Do International Trade Co, Lingoe Process Engineering Limited and Zhejiang Qingji Ind. Co.

The US Treasury also placed sanctions on Iran’s defense attache in Beijing, Davoud Damghani, saying he coordinated purchasing of Chinese supplies for Iran’s defense industry.

The sanctions ban US firms and individuals and companies like global banks with US branches from doing business with those placed on the blacklist.

“Today’s action reinforces our commitment to respond to activities which undermine regional stability and threaten the security of our key partners and allies,” said Treasury Under Secretary Brian Nelson.

“The United States will continue to target illicit transnational procurement networks that covertly support Iran’s ballistic missile production and other military programs,” he said in a statement.