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.

Ukraine to call for Russia’s removal from UN Security Council

  • Security Council consists of 15 members tasked with tackling global crises by enacting sanctions, authorizing military action, and approving changes to the UN charter
  • Since Russia's invasion of Ukraine, Western powers have pored through UN procedural rules to ensure Russia not block Security Council meetings

Kyiv, Ukraine– Ukraine is planning to call for Russia to be removed as a permanent member of the United Nations Security Council on Monday, Ukrainian Foreign Minister Dmytro Kuleba said.

“Tomorrow we will officially express our position. We have a very simple question: Does Russia have the right to remain a permanent member of the UN Security Council and to be in the United Nations at all?” he said, speaking late Sunday during a national television marathon.

“We have a convincing and reasoned answer — no, it does not.”

Kuleba said the question of Russia’s veto-wielding permanent seat in the UN Security Council — also held by the United States, Britain, France and China — was already being discussed around diplomacy circles.

“These issues are not yet discussed at press conferences and in public statements by the leaders of states and governments, but at a lower level, people are already asking the question — what Russia should become like in order not to pose a threat to peace and security,” he said.

The powerful Security Council consists of 15 members tasked with tackling global crises by enacting sanctions, authorizing military action, and approving changes to the UN charter.

But the permanent five — who all carry veto power that can block any resolution — reflect the power dynamics at the end of World War II.

Countries have long pleaded for reform of the Security Council, with some criticizing the lack of representation when it comes to permanent seats for African and Latin American countries.

The body can also be rendered impotent by a single veto-wielding member — as was shown in February when diplomats carried on reading pre-written statements just as Russia started bombarding Ukraine.

US President Joe Biden in September said he supported an expansion of the Security Council and for it to “become more inclusive” — a rare call for action from Washington, given that it famously bypassed the Council to invade Iraq during George W. Bush’s administration.

Since Russia’s invasion of Ukraine, Western powers have pored through UN procedural rules to ensure Russia not block Security Council meetings.

They have turned to another UN body — the 193-member General Assembly — to seek condemnation of the Kremlin’s actions.