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’s navy says repulses pirate attack in Gulf of Aden

The Iranian warship Alborz was escorting two oil tankers in the Gulf of Aden when they were attacked by five pirate ships. AFP
  • Iranian destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships
  • The attack was carried out against an Iranian commercial convoy

An Iranian warship on Saturday repulsed an attack by pirates against two oil tankers that it was escorting in the Gulf of Aden, the country’s naval chief said.

“Navy commandoes were successful in repulsing this morning the attack by pirates against an Iranian commercial convoy in the Gulf of Aden,” said navy commander Admiral Shahram Irani, quoted on Saturday by the official IRNA news agency. 

“The destroyer Alborz was escorting two oil tankers when they were attacked by five pirate ships,” he said, noting that Iranian shots were fired, forcing “the attackers to leave the area”.