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.

Syria lambasts Erdogan plan to return million refugees

  • Erdogan in early May said Ankara was aiming to encourage1 million Syrian refugees to return to their country by building them housing and local infrastructure.
  • Turkey is today home to more than 3.6 million Syrian refugees, who fled after a civil war broke out in 2011 in Turkey's southern neighbour.

Syrian authorities on Friday rejected plans by Turkey to return one million Syrian refugees to a “safe zone” on the border, state media reported.

Turkish President Recep Tayyip Erdogan in early May said Ankara was aiming to encourage one million Syrian refugees to return to their country by building them housing and local infrastructure there.

Turkey is today home to more than 3.6 million Syrian refugees, who fled after a civil war broke out in 2011 in Turkey’s southern neighbour.

Erdogan’s “cheap statements” reveal his regime’s “aggressive games against Syria and the unity of its land and people,” the Syrian Ministry of Foreign Affairs said in a statement on the official news agency SANA.

Erdogan is facing rising public anger over the refugees’ presence and is wary of the issue dominating elections next year.

He said around 500,000 Syrians have returned to “safe zones” on the Turkey-Syria border since 2016.

These are controlled by Ankara-backed groups. The areas are designed to keep Syrians displaced by war from crossing into Turkish territory, and to allow it to send back others who already did.

“The government of the Syrian Arab Republic absolutely rejects such games,” the ministry said, calling on countries not to finance the Turkish projects and to stop supporting Ankara.

“The main objective is colonialism… The so-called safe zone is in fact ethnic cleansing,” the ministry said.

Ankara has periodically carried out military strikes on a Kurdish-administered zone in northeastern Syria, where groups it considers terrorists are based.

The conflict in Syria has killed nearly 500,000 people since it started in 2011 with the brutal repression of peaceful demonstrations.