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.

US condemns Houthi missile attack on Saudi Arabia

    • ‘We condemn the Houthi attacks on Saudi Arabia following the calm over Eid Al-Adha’

    • ‘Time to return to negotiations and end the conflict’

    The US has issued a swift condemnation of the latest Houthi attack on Saudi Arabia with a ballistic missile and three explosive-laden drones. It has called on the Iran-backed militia to cease its military action and commit to a ceasefire that could end the conflict in Yemen.

    “We condemn the Houthi attacks on Saudi Arabia following the calm over Eid Al-Adha. The Houthis must stop their destabilizing actions and commit to an immediate, comprehensive ceasefire to help end the Yemen war. Time to return to negotiations and end the conflict,” the US government agency posted on Twitter.

    Tim Lenderking, the US special envoy for Yemen, earlier emphasized the importance of resolving the conflict in the war-torn country.

    “The US is in this effort to help Yemen truly turn the corner toward peace and security. A ceasefire is only one step. We must continue to build from there,” the envoy said during one of the forums on Middle Eastern security.

    Yemeni government troops and allied tribesmen, backed by Arab coalition jets, on Sunday repelled the “biggest and most fierce” Houthi assault of Marib since February.

    More than 200 Houthi militants were killed in clashes during recent days or in Arab coalition strikes during recent days, a Yemeni army commander said.