INSEAD Day 4 - 728x90

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 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.