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.

Sisi sworn in as Egypt’s President for third successive term

  • In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with 89.6 percent of the vote against three relative unknowns
  • For the past two years, his administration has struggled to contain the fallout of a punishing economic crisis that has seen the currency lose two-thirds of its value

Cairo, Egypt – Egypt’s President Abdel Fattah al-Sisi was sworn in Tuesday before parliament for his third term in office as leader of the Arab world’s most populous country.

In power for the past decade, Sisi is set to remain president until 2030, after winning a December election with 89.6 percent of the vote against three relative unknowns.

The six-year term is set to be the 69-year-old’s last, unless he again ushers through a constitutional amendment prolonging his tenure.

The oath also marked the inauguration of Egypt’s New Administrative Capital, located in the desert east of Cairo, local media reported.

Sisi rose to power on the back of mass protests against president Mohammed Morsi, who was deposed in 2013.

Sisi was elected president the following year and then again in 2018, both times with around 97 percent of the vote.

For the past two years, his administration has struggled to contain the fallout of a punishing economic crisis that has seen the currency lose two-thirds of its value and inflation soar to a record 40 percent last year.

In the first quarter of 2024, however, Egypt saw an influx of over $50 billion in loans and investment deals, which Cairo has said will ease dire foreign currency shortages and revitalize the economy.