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

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.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

US destroys Houthi missiles, drones in new Yemen strike

  • Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel's war against Palestinians in Gaza
  • The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against the ships have not been deterred

Washington, United States – The US military said it destroyed seven missiles and three drones Monday in areas of Yemen controlled by Houthi rebels that presented threats to merchant ships and US Navy vessels.

Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel’s war against Palestinians in Gaza.

United States Central Command forces operated “in self-defense” when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles, as well as three weapons storage containers in Houthi-controlled areas, CENTCOM said in a statement posted on X, the former Twitter.

“It was determined these weapons presented an imminent threat to merchant vessels and US Navy ships in the region. These actions are taken to protect freedom of navigation and make international waters safer and more secure for US Navy and merchant vessels,” CENTCOM said.

The Houthi attacks have sent insurance costs spiralling for vessels plying the key Red Sea trade route and prompted many shipping firms to take the far longer passage around the southern tip of Africa instead.

The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against what the rebels say are Israeli-linked ships have not been deterred.