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.

With no deal in place with Ukraine, Russia starts grain supply initiative

Russian President Vladimir Putin. (WAM)
  • The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price
  • Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement

Moscow, Russia – Russian Deputy Foreign Minister Sergey Vershinin has confirmed the commencement of the implementation of the Russian grain supply initiative, which aims to deliver one million metric tons of grain to countries in need, Russian news agency TASS reported on Friday.

Vershinin stated that practical steps are now being taken, including communication with the involved parties to establish a trilateral agreement. Expert-level meetings involving representatives from all three sides are also currently in progress.

The initiative was initially proposed by Russian President Vladimir Putin, who pledged to provide one million metric tons of grain at a preferential price. The grain will be processed in Turkey and subsequently shipped free of charge to the world’s poorest nations. 

President Putin has also expressed his hope for support from Qatar in this important endeavor.