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.

Visa-free Russia travel on the horizon for Saudi, Oman, Bahrain, Malaysia, Kuwait

"The multipolar world is already a reality that the globalists will be unable to 'cancel," says Sergey Naryshkin, the chief of Russia’s foreign intelligence service.
  • Russia and China have been ready to receive groups of visa-free tourists on a reciprocal basis
  • Visa-free group tourism was also launched between Russia and Iran on August 1

Sochi, Russia -.Starting in 2024, travelers from Saudi Arabia, Oman, Kuwait, Malaysia  and Bahrain may no longer need tourist visas to visit Russia,  Deputy Minister of Economic Development Dmitry Vakhrukov said on the sidelines of the FTT-2023 Forum of Tourism Territories, Tass reported.

“I reckon this could happen next year. We have already sent the proposals to our counterparts. It is a matter of intergovernmental agreements. We continue to work on it,” he said.

In September, Economic Development Minister Maxim Reshetnikov said that Russia had suggested giving up the requirement for tourist visas for travelers from Kuwait, Saudi Arabia, Bahrain, Oman and Malaysia. He hoped this would attract wealthy tourists from these countries.

Since August 1, Russia and China have been ready to receive groups of tourists on a reciprocal basis within the framework of an intergovernmental agreement on visa-free tourist group exchanges. Visa-free group tourism was also launched between Russia and Iran on August 1. Vakhrukov said visa-free group travel exchanges between Russia and India may begin next in 2024.