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.

Shipping service connecting India, South East Asia with Saudi Arabia comes up

  • This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector.
  • This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector.

RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in Dammam, connecting the Kingdom to Southeast Asia and India, Saudi Ports Authority (Mawani) announced.

This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector, and contribute to national economic development, a press release issued by Mawani said.   

This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector and logistics services.

It supports the movement of exports and imports, aligning with the National Transport and Logistics Strategy (NTLS) objectives to cement the Kingdom’s position as a global logistics hub that bridges three continents.

The new shipping service connects King Abdulaziz Port in Dammam to five regional and international ports: Klang in Malaysia, Surabaya and Jakarta in Indonesia, Nhava Sheva in India, and Jebel Ali in the UAE.

These connections are facilitated through regular weekly trips, with up to 1,800 Twenty-foot equivalent units (TEUs) capacity.

King Abdulaziz Port in Dammam achieved a record-breaking monthly throughput, handling 235,820 TEUs last February.

“This milestone reflects its exceptional and comprehensive operational services and modern equipment, enabling it to manage various types of goods with a capacity of 105 million tons of cargo and containers,” the release added.