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.

Iran helps Syria build power plant in Latakia

  • Iran-based Mapna Group has been tasked with implementing the project
  • Iranian experts are aiding in this construction in an effort to assist the war-torn country in rebuilding itself

Iran is currently helping Syria build a power plant in the Latakia province of the country, said local reports on Monday, August 9.

Iran-based Mapna Group has been tasked with implementing the project, said the local reports.

Iranian experts are aiding in this construction in what the reports said was an effort to assist the war-torn country in rebuilding itself.

A number of gas turbines had been shipped to Latakia, in line with Iran’s efforts to complete the project, said the reports.

Images circulated across the social media showed huge equipment on heavy transport vehicles entering Latakia.

According to World Bank data, more than 99% of Syria had access to electricity in 2016.

However, occupation of the country by the Islamic State terrorist group dealt a blow the country’s power infrastructure, reducing energy access to around 86% of the entire population by 2018.

The new plant is expected to help bring back energy to those who lost access to it over the past decade.

Meanwhile, the country’s current condition is that it is experiencing power outages at night amid a sweltering heat wave.

Earlier local reporting claimed that the country needs 5 trillion Syrian pounds (around $4 billion) to rebuild what was once the region’s best power grid.