This is a temporary backup site for TRENDS MENA while our primary website is being restored following a regional disruption affecting AWS 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.

Qatar appoints new PM, after resignation of Sheikh Khalid

  • According to the state news agency, the emir has appointed Sheikh Mohammed Bin Abdul Rahman Al Thani in the post
  • The outgoing PM Sheikh Khalid was appointed to the office in January 2020, after having been head of the Amiri Diwan

Doha, Qatar— Qatar’s Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani has resigned from his job, according to Qatar News Agency.

And in the wake of the resignation, the country’s Emir Sheikh Tamim bin Hamad Al Thani has appointed Sheikh Mohammed Bin Abdul Rahman Al Thani in the post, the state news agency said.

Sheikh Mohammad has been the minister of foreign affairs since January 27, 2016. He was also named as Qatar’s deputy prime minister on November 15, 2017.

Sheikh Khalid was appointed PM in January 2020 after having been head of the Amiri Diwan, the emir’s office.

He had worked in the gas industry and was educated in the United States before going on to work for Sheikh Tamim when he was the crown prince.

The emir’s office also announced the appointment of Sheikh Khalifa bin Hamad bin Khalifa Al Thani as interior minister.

In October 2021, Qatar held its first legislative council election for two-thirds of the advisory Shura Council.

The Shura Council has legislative authority and approves general state policies and the budget but has no say in the setting of defence, internal security, economic and investment policy for the small but wealthy gas producer, which bans political parties.