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.

Qatar third Gulf country to become major non-NATO ally of US

  • The move gives Qatar special economic and military privileges in its relationship with the US.
  • The US and Qatar have had close relations for years, collaborating on a number of issues, including the evacuation of Afghan refugees after Taliban takeover.

Qatar became the third country in the Gulf region after Kuwait and Bahrain to be designated by the United States a major non-NATO ally.

A declaration issued by US President Joe Biden on Thursday afternoon formally designated Qatar as a non-NATO ally, weeks after a pledge he made to Qatari Emir Sheikh Tamim bin Hamad Al Thani at the White House in late January.

Biden said at that time that designating Qatar a major non-NATO ally of the US aimed “to reflect the importance of our relationship; I think it’s long overdue”.

The move gives Qatar special economic and military privileges in its relationship with the US.

The US State Department says on its website that the designation “is a powerful symbol of the close relationship the United States shares with those countries and demonstrates our deep respect for the friendship for the countries to which it is extended”.

The US and Qatar have had close relations for years, collaborating on a number of issues, including the evacuation of Afghan refugees following the Taliban’s takeover of the country in August.

Thursday’s declaration comes amid global concern over energy supplies and surging fuel prices caused by Russia’s ongoing invasion of Ukraine.

Qatar is the largest producer of Liquefied Natural Gas and many countries hope that a sizable part of the disrupted supplies from Russia could be sourced from the gulf nation.