INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

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.

4th batch of Saudi oil derivatives grant arrives in Aden

The grant consists of 150,000 metric tons of diesel and 100,000 metric tons of mazut.
  • This initiative is part of Saudi Arabia's ongoing efforts to support the Yemeni people
  • The grant was provided to help Yemen operate over 70 power generation plants

Aden, Yemen – The fourth batch of the Saudi Oil Derivatives Grant, consisting of 150,000 metric tons of diesel and 100,000 metric tons of mazut, has arrived at the oil port in Aden. 

This initiative is part of Saudi Arabia’s ongoing efforts to support the Yemeni people, in response to a request by the Yemeni government to help provide oil derivatives to operate over 70 power generation plants across Yemen. 

The grant is an extension of previous grants amounting to $4.2 billion. 

The Saudi Oil Derivatives Grant is part of the Saudi Program for the Development and Reconstruction of Yemen (SDRPY), which has implemented 229 development projects and initiatives across Yemeni governorates to serve Yemenis in seven main sectors, including education, health, water, energy, transport, agriculture, and fishery, as well as building the capacity of government institutions.