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AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

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.