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.

Libya PM back in position after election postponed

  • Libya's interim Prime Minister Abdulhamid Dbeibah chaired a cabinet meeting on Thursday, marking his return to the post
  • This happened despite concerns that postponing of the country's presidential election could jeopardize his position

Libya’s interim Prime Minister Abdulhamid Dbeibah led a cabinet meeting on Thursday, December 30, marking his return to the post despite concerns that postponement of the country’s presidential election could jeopardize his position.

The election, set for December 24, was meant to be the culmination of United Nations-led efforts to drag Libya out of a decade of conflict since a 2011 revolt against dictator Moamer Kadhafi.

But it was derailed by bitter arguments over divisive candidates — among them Dbeibah himself — and a disputed legal framework.

Dbeibah, a business tycoon, had taken leave from his role as head of a unity government to stand in the election.

His administration is based in the capital Tripoli, in the country’s west, and was tasked with leading the North African country to the ballot box.

The mandate of the interim government was theoretically meant to end on December 24, but the United Kingdom’s embassy in Tripoli has said in a tweet that London “continues to recognise the #Government_of_National_Unity as the authority tasked with leading #Libya to #elections and does not endorse the establishment of parallel governments or institutions. [sic]”

A separate joint statement by Britain, France, Germany, Italy, and the United States on December 24 insisted that “transfer of power from the current interim executive authority to the new executive authority shall take place following the announcement of the results” of polls when they happen.

The parliamentary committee charged with overseeing the elections on Monday called for a reshuffle of Dbeibah’s interim government, and said it would be too risky to fix a new date for the ballot.

The committee is part of an assembly based in the eastern city of Tobruk, reflecting the country’s deep divisions.

Dbeibah stood as a candidate in the now-postponed ballot even though he had said he would not.

On Thursday he described the political situation as “critical” but defended his record, saying: “We have worked to reestablish security and to support stability.”

He also exhorted his ministers to prepare for a “strong recovery” of the economy in 2022.

Years of conflict have ruined infrastructure and left Libya suffering chronic power cuts and runaway inflation.