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.

Iran Guards say released seized Vietnamese tanker

Iran Guards say released seized Vietnamese tanker. AFP
  • Tanker had been seized last month in the Sea of Oman in a tense incident also involving the US Navy
  • While Iran's Guards claimed they thwarted an attempt by the US ship to seize the MV Sothys carrying Iranian oil, US rejected that account

Iran’s Revolutionary Guards said Wednesday they had released a Vietnamese-flagged oil tanker they seized last month in the Sea of Oman in a tense incident also involving the US Navy.

While Iran’s Guards claimed they thwarted an attempt by the US ship to seize the MV Sothys carrying Iranian oil, US defence officials rejected that account and said that Iran seized the tanker and took it into its territorial waters.

“The seized Sothys oil tanker was released by court order after it was emptied of oil belonging to the Islamic Republic of Iran in Bandar Abbas,” said Sepah News, the official website of the Revolutionary Guards.