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

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.
  • Saudi Arabia announces bid to host World Cup in 2034

    The bid "intends to deliver a world-class tournament and will draw inspiration from Saudi Arabia's ongoing social and economic transformation...

    Sport is a major component of Crown Prince Mohammed bin Salman's Vision 2030 reform agenda, which aims to transforms Saudi Arabia into a tourism and business hub.

    In the coming weeks, the kingdom is set to host the final LIV Golf League tournament of the regular season and a boxing match featuring Anthony Joshua.

  • Iran plays down football spat with Saudi Arabia, says ties improving

    Tehran, Iran - Iran's top diplomat on Wednesday played down a spat with Saudi Arabia that prompted the cancelation of an...

    Al Ittihad had refused to take to the pitch for their away game against Iran's Sepahan FC in protest at the statue of assassinated Revolutionary Guards commander Qasem Soleimani.

    The Asian Football Confederation later confirmed that the fixture had been cancelled "due to unanticipated and unforeseen circumstances".

  • UAE and Brazil discuss boosting trade, energy, strategic ties

    Brasilia, Brazil-- The UAE and Brazil have explored opportunities to develop cooperation in trade, energy and climate issues in a...

    The two ministers touched on bilateral relations and ways to promote them as part of the strategic partnership between the two countries

    They also discussed the cooperation between the UAE and Brazil within the framework of BRICS following the UAE joining the bloc

  • Jazan City for Primary and Downstream Industries exports first shipment to US

    JAZAN, SAUDI ARABIA - The Jazan City for Primary and Downstream Industries has marked a significant milestone with the departure...

    The ship is laden with 37,000 tons of iron steel foundry product, representing the first-ever production of this commodity within the Kingdom.

    The city's port has extensive capabilities and advanced logistical transportation services, making it a hub for trade exchanges in Saudi Arabia.

  • Yemen economy tanks as peace talks make no headway, say NGOs

    "While economic challenges are rife across the country, rising inflation and the deterioration of public services are making life unbearable,"...

    Power cuts in Aden can last 17 hours a day and more than 50 percent of households in government-held areas cannot meet basic food requirements.

    The World Food Program warned in August that more than four million Yemenis would receive less food assistance from the end of September.

  • Qatar begins construction on North Field gas expansion

    RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's...

    There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost Russian deliveries.

    Qatari Energy Minister Saad al-Kaabi called the project a "leap towards our country's leadership in the field of energy".

  • Countries pledge to raise $12 billion to help coral

    The pledge comes with coral around the world under particularly acute stress because of record warm seas this year.

    Marine heatwaves -- episodes of abnormally high water temperatures -- have become more frequent and intense.

    Oceans have absorbed 90 percent of the excess heat produced by human activity since the dawn of the industrial age, according to scientists.

  • Turkey arrests dozens in raids after Ankara attack

    The raids across a swathe of Turkey's predominantly Kurdish southeast came two days after a branch of the PKK --...

    Interior Minister Ali Yerlikaya said security services had detained 67 "terrorist organization members" across 16 provinces

    Turkey on Sunday also launched air strikes against suspected PKK rear bases in the mountains of northern Iraq

  • ‘Left to die’: report exposes horrors at Syria army hospital

    Sick prisoners sent from detention facilities to the capital's Tishreen Military Hospital for treatment rarely received any medical attention, according...

    The latest ADMSP report is based on interviews with 32 people including former detainees, security personnel and medical staff, as well as leaked documents

    According to the report, inmates who died in custody from torture or poor conditions, particularly at Sednaya, were taken to the Tishreen hospital and then to "mass graves"

  • Growing IT outlays intensify MENA’s transformation

    The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services...

    The region's IT spending is projected to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth

    This surge aligns with the MENA region's push for digital transformation, enhanced cybersecurity, and a focus on generative AI initiatives