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 gives free electricity to 10m users

  • This is part of the Power of Hope program, which entails rewarding efficient subscribers with a 100 percent discount on their bills
  • The Iranian Energy Ministry program has reduced the number of high-consuming subscribers across the country by 6.1 percent

Iran has given free electricity to 10 million users since may, said local reports on Monday, September 6.

Iran’s Energy Ministry spokesman Mostafa Rajabi Mashhadi was quoted by the reports as saying that the country’s free electricity program has covered more than 10 million subscribers since the third Iranian calendar month Khordad (which began on May 22).

He noted that this group has consumed less electricity than the consumption pattern.

In mid-April, Mashhadi had said that the implementation of the “Power of Hope” program had increased the number of low consuming subscribers by 4 percent.

The program entails rewarding efficient electricity subscribers with a 100 percent discount on their bills.

The reports said implementation of the program by the Iranian Energy Ministry has reduced the number of high-consuming subscribers across the country by 6.1 percent.

The program was aimed to change the attitudes of household consumers towards the proper use of energy resources and consequently protect the environment.

The Energy Ministry started the implementation of the mentioned program in mid-August 2020.