INSEAD Day 4 - 728x90

Geostrategy

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 Guards say released seized Vietnamese tanker

Iran Guards say released seized Vietnamese tanker. AFP
By TRENDS Desk AFP
November 10, 2021 2:28 pm
  • 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.

[adinserter block="5"]

Most Read

Environment Agency – Abu Dhabi issues marine water quality policy

ABU DHABI,  UAE – The Environment Agency – Abu Dhabi (EAD) has issued a policy on sustaining marine water quality that reviews the current situation and main challenges related to…

Energy, commodity prices hurt profits of GCC firms

GCC-listed companies' net profit dropped to US$ 57.9 billion in Q2-2023. While retail, capital goods, and utilities sectors faced profit declines, the banking sector thrived.

Exclusive: Private military companies look at $366.8bn market as their demand, role in global conflicts rise

Rising security concerns, confrontational geopolitics, and chaotic global changes have fueled the demand for private military companies, the new reality of modern warfare.

3 ways travel drives economic growth while enhancing global connections and sustainability

WTTC research shows that, having endured estimated losses of $4.5 trillion and 62 million jobs in 2020 alone, travel and tourism has recovered and is set to reach new heights.…

EVs just the start, urban mobility needs a holistic approach

Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
[adinserter block="4"]