INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran’s navy says repulses pirate attack in Gulf of Aden

The Iranian warship Alborz was escorting two oil tankers in the Gulf of Aden when they were attacked by five pirate ships. AFP
  • Iranian destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships
  • The attack was carried out against an Iranian commercial convoy

An Iranian warship on Saturday repulsed an attack by pirates against two oil tankers that it was escorting in the Gulf of Aden, the country’s naval chief said.

“Navy commandoes were successful in repulsing this morning the attack by pirates against an Iranian commercial convoy in the Gulf of Aden,” said navy commander Admiral Shahram Irani, quoted on Saturday by the official IRNA news agency. 

“The destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships,” he said, noting that Iranian shots were fired, forcing “the attackers to leave the area”.