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.

Saudi Arabia grants citizenship to foreigners with ‘distinguished talents’

Saudi Arabia has relaxed travel restrictions for expats from six countries.
  • Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has approved the citizenship.
  • The government said granting citizenship to such people will contribute to the development of various sectors throughout the kingdom.

Saudi Arabia has granted citizenship to an unspecified number of people with “distinguished talents, unique expertise and specializations”.

‏Saudi Press Agency reported that the announcement was made in line with the issued royal decree to grant Saudi citizenships to “experts and exceptional global talents” with “unique competencies” in religious, medical, scientific, cultural, sports and technological fields.

The government said granting citizenship to such people will contribute to the development of various sectors throughout the kingdom and help it achieve its strategic ‘Vision 2030’ goal aimed at creating a conducive environment that enables attracting, investing in and retaining exceptional creative minds.

The neighboring UAE had earlier this year announced long-term residency for foreigners with expertise in different fields. Immigrants make up a third of the population in Saudi Arabia.