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

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

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.

Ukraine grain deal failed to achieve objective, says Putin

  • A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
  • "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

MOSCOW, RUSSIA – Russian President Vladimir Putin on Saturday said the main objective of the deal that allowed Ukrainian grain exports to resume was not achieved, in a call with his South African counterpart Cyril Ramaphosa.

The deal that eased fears of a global food crisis sparked by the offensive in Ukraine is due to expire late Monday – unless Russia agrees to renew it.

“The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented,” Putin said according to a Kremlin readout.

A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.

Russia however says that obstacles to its own exports remain, and threatens to pull out of the grain deal over the issue.

“Vladimir Putin stressed that the obligations recorded in the relevant Russia-UN memorandum to remove obstacles to the export of Russian food and fertilizers still remain unfulfilled,” according to the Kremlin statement.

On Friday Turkish President Recep Tayyip Erdogan said he was confident that Putin would agree the deal should be extended.

But when asked by Russian press agencies, the Kremlin spokesperson did not confirm Erdogan’s claims.

“There is no statement about this from the Russian side,” Dmitry Peskov said.

The deal, which Erdogan helped broker, has allowed Ukraine to ship more than 32 million tons of grain past Russian warships in the Black Sea.

Ramaphosa and Putin also talked about preparations for the upcoming BRICS summit in South Africa, the Kremlin said.

The Russian leader has been invited to attend despite an International Criminal Court warrant against him.

The two heads of state also discussed the Russia-Africa summit, scheduled at the end of July in Saint Petersburg, and agreed to hold bilateral talks on the sidelines.