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 wants political solution to Russia-Ukraine conflict

Russian President Vladimir Putin with Saudi Crown Prince Mohammed bin Salman bin Abdulaziz. (SPA file photo)
  • Russian troops entered Ukraine on February 24 to conduct what President Vladimir Putin said was a ‘special operation’
  • Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva

Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, and the two leaders spoke about prevailing situations, according to a report in the official Saudi Press Agency (SPA).

During the call, Prince Mohammed, who is also the Deputy Prime Minister and Minister of Defense of Saudi Arabia, is said to have urged for a political solution to the ongoing conflict in Ukraine.

Bilateral relations between the two countries and ways of enhancing them in all fields in a way that achieves the interests of both parties were discussed, according to the SPA report.

Prince Mohammed then asserted the support of Saudi Arabia for efforts that would lead to a political solution to the crisis in Ukraine, the SPA report said.

Such a solution, he said, should help achieve security and stability.

Russian troops entered Ukraine on February 24 to conduct what Putin said was a “special operation.”

Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva.