INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

Iran says Kuwait to send first envoy since 2016

Badr Abdullah al-Munikh, Kuwait's new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian. (AFP)
  • Badr Abdullah al-Munikh, Kuwait's new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian
  • Saudi Arabia and Iran have had no diplomatic relations for six years, but have held talks, hosted by Iraq, since April last year in a bid to mend ties
Kuwait has sent its first ambassador to Tehran since a downgrading of relations in 2016, Iran has announced.

Kuwait recalled its ambassador and the United Arab Emirates downgraded relations with Iran after Saudi Arabia that year cut ties with its regional rival, with Bahrain following suit.

That came after Iranian protesters attacked Saudi diplomatic missions in Iran following Riyadh’s execution of Shiite Muslim cleric Nimr al-Nimr.

Badr Abdullah al-Munikh, Kuwait’s new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian, the official IRNA news agency reported on Saturday night.

Saudi Arabia and Iran have had no diplomatic relations for six years, but have held talks, hosted by Iraq, since April last year in a bid to mend ties.

The UAE said in July it was “considering” appointing an ambassador to Tehran, which Iran said it expected “soon”.

About one-third of Kuwait’s local population belongs to the Shiite branch of Islam, as do most Iranians.