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 extends temporary prison release of US citizen

Both countries warned of retaliation in case of attacks.
  • Former UNICEF official Baquer Namazi has been held in Iran for years along with his elderly father under convictions for espionage, allegations they both deny
  • The younger Namazi was granted release from prison after his father, who was serving his sentence under house arrest, was allowed to travel to Abu Dhabi for medical treatment

WashingtonUnited States– Iran has extended the temporary prison release of a US citizen freed earlier this week, his brother said Saturday, voicing hopes the liberation would become permanent.

Siamak Namazi, a 51-year-old Iranian-American, has been held in Iran for years along with his elderly father, former UNICEF official Baquer Namazi, under convictions for espionage, allegations they both deny.

The younger Namazi was granted release from prison after his father, who was serving his sentence under house arrest, was allowed to travel to Abu Dhabi for medical treatment.

Siamak’s brother, Babak Namazi, said in a statement Saturday that Iranian authorities had granted his sibling a further three-day furlough and that he hoped a longer extension would follow.

“We hope and pray that he will be granted his full freedom soon so that our family can finally be made whole again,” wrote Babak.

He added that his father — counter to the recommendations of his Iranian physicians — would not undergo surgery for now to clear a life-threatening blockage in his left carotid artery.

Baquer Namazi will instead attempt alternative treatments recommended by the Abu Dhabi medical team.

His release comes as Iran’s clerical state faces new sanctions for cracking down on major protests triggered by the death in custody of Mahsa Amini, a young woman accused of violating rules on covering her hair.

At least two other American citizens are held in Iran.