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

DP World 2025 revenue $24.4bn

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

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Al Rajhi profit up 26%

Operating income for 2025 increased 22% to SAR 39 bn.

Lebanon’s new PM begins bid to form cabinet

    • The billionaire politician, already twice a prime minister, was designated on Monday, days after Saad Hariri threw in the towel
    • In an interview with the An-Nahar newspaper, Mikati vowed his lineup would be “purely technocratic.”

    Lebanon’s new prime minister-designate was due to start consultations with leading political parties Tuesday with a view to forming a long-awaited government.

    The billionaire politician, already twice a prime minister, was designated on Monday, days after Saad Hariri threw in the towel.

    The government of Hassan Diab resigned following a deadly port explosion in Beirut last August and efforts to agree on a new lineup have proved fruitless.

    The institutional vacuum is holding up a potential financial rescue plan for Lebanon, which defaulted on its debt las year and has since sunk into what the World Bank has described as one of the world’s most severe crises since the mid-19th century.

    The designation of the 65-year-old Mikati, Lebanon’s richest man and to many a symbol of its corrupt oligarchy, was met with general scepticism.

    Mikati, the third politician in a year to attempt the job, promised to form a government of experts, in line with a French roadmap conditioning a huge aid package on reform and transparency.

    In an interview with the An-Nahar newspaper, Mikati vowed his lineup would be “purely technocratic”.

    Tuesday’s meetings with the parliamentary blocs are the customary official step that follows a new prime minister’s designation but the high-stakes horse-trading has yet to begin.

    The current caretaker government also describes itself as technocratic but each one of its members was endorsed by the political barons who have run the country for decades.