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 railway company denies cyber attack

    Iran’s national railway company on Saturday denied having been hit by a cyber attack following reports of disruptions at train stations across the country, local media reported.

    The announcement came a day after Fars news agency reported “unprecedented chaos” at stations with hundreds of trains delayed or cancelled.

    In the now-deleted report, it said the incident followed “a widespread disruption in … computer systems that is probably due to a cyber attack.

    Sadegh Sekri, a spokesman for Islamic Republic of Iran Railways, told ISNA news agency on Saturday that “there has been no disruption or cyber attack for passenger, cargo or intercity trains.”

    The company had said in a statement late Friday that trains were arriving and departing on schedule with “no problems”.

    This followed the Fars report, which had included a picture of a station’s departures and arrivals board showing rows of cancelled trips with a message reading “long delays due to cyber attacks”.

    Iran has been the target of repeated attempted cyber attacks in recent years.

    Government infrastructure was targeted by a “highly organised cyber attack” back in late 2019.

    Tehran “identified and repelled” that threat, telecommunications minister Mohammad Javad Azari Jahromi said at the time, without identifying the attackers and the exact sectors targeted.