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.

Kremlin, on China plan, says no conditions for peace ‘at the moment’ in Ukraine

  • China has sought to position itself as a neutral party in the conflict while maintaining close ties with strategic ally Russia
  • Beijing last week called released a 12-point paper to end the war in Ukraine, which included the respect of all countries' territorial sovereignty

The Kremlin on Monday acknowledged China’s proposal for a political solution in Ukraine but said the conditions for a peaceful resolution of the conflict were not in place “at the moment”.

“We paid a lot of attention to our Chinese friends’ plan,” Kremlin spokesman Dmitry Peskov said on Monday, adding that: “for now, we don’t see any of the conditions that are needed to bring this whole story towards peace.”

China has sought to position itself as a neutral party in the conflict while maintaining close ties with strategic ally Russia.

Beijing last week called for peace talks as it released a 12-point paper to end the war in Ukraine, which included the respect of all countries’ territorial sovereignty.

The Russian foreign ministry on Friday thanked Chinese efforts but said that any settlement of the conflict needed to recognise Russia’s control over four Ukrainian regions.

Russia claims to have annexed the regions of Donetsk, Lugansk, Zaporizhzhia and Kherson but never fully controlled them.

Ukrainian President Volodymyr Zelensky said his country needed to work with China, arguing “it seems to me that there is respect for our territorial integrity, security issues” in the Chinese perspective.

Zelensky also said he was convinced that only a country whose territory is under attack can initiate “any peace initiatives.”

The publication of the proposal follows accusations from the West that China is considering arming Russia, a claim Beijing has dismissed as false.