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

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

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.

Saudi pushes equal pay at launch of women’s tennis finals

  • Saudi Arabia has been luring professional tennis players to tournaments since 2019, part of a broader campaign to turn the conservative and formerly closed-off kingdom into a sport
  • It has also recruited top footballers including Cristiano Ronaldo and Neymar into its professional league and hosted marquee heavyweight boxing bouts and Formula One races

Riyadh, Saudi Arabia – Saudi Arabia said on Wednesday it wanted to “send a strong message” about equal pay in men’s and women’s tennis when it hosts the women’s tour finals in November.

The Women’s Tennis Association (WTA) announced in April that Riyadh would host the next three editions of the tour finals featuring the top eight singles players and doubles teams.

The $15.25 million in prize money for the event set to take place November 2-9 is up from $9 million at the same tournament last year and roughly equal to the 2023 edition of the men’s tour finals.

“I think it’s very important to show equality, that women’s prize money is equal to the men’s,” Areej Mutabagani, president of the Saudi Tennis Federation, told AFP on Wednesday on the sidelines of a press conference formally launching the November tournament.

“I think we’ll send a strong message that they’re equal since they’re basically similar events, the same sport, so why not have the men and the women have equal prize money?”

Saudi Arabia has been luring professional tennis players to exhibitions and tournaments since 2019, part of a broader campaign to turn the conservative and formerly closed-off kingdom into a sports hub.

It has also recruited top footballers including Cristiano Ronaldo and Neymar into its professional league and hosted marquee heavyweight boxing bouts and Formula One races.

In early January, Saudi Arabia appointed Rafael Nadal as ambassador of the Saudi Tennis Federation.

The federation said on Wednesday it wants to grow the sport locally and “inspire one million into tennis by 2030”.