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.

Iranian envoys get Saudi visas for diplomatic posts

  • Three diplomates from Iran receives Saudi visa for OIC posts in Jeddah
  • Iran and Saudi Arabia held several rounds of talks since April to improve diplomatic relationships

Three Iranian diplomats have received visas from rival Saudi Arabia allowing them to take up posts at the headquarters of the Organization of Islamic Cooperation (OIC) in Jeddah, officials said on Friday, December 24.

Shia-majority Iran and the Sunni Kingdom of Saudi Arabia, both members of the pan-Islamic body, have held several rounds of talks since April aimed at improving relations.

In 2016, the kingdom’s execution of revered Shia cleric Nimr al-Nimr saw protesters attack Saudi diplomatic missions in Iran.

Riyadh responded at the time by cutting ties with Tehran, while OIC foreign ministers condemned the violence.

Riyadh and Tehran support opposite sides in several conflict zones across the region, but Iranian Foreign Minister Hossein Amir-Abdollahian and officials in Saudi Arabia confirmed visas had been approved for the diplomats.

“Saudi Arabia has agreed to grant visas to three Iranian diplomats as part of a routine procedure for representatives of a member state of the OIC,” a Saudi foreign ministry official said on Friday.