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.

Saudi Arabia, UAE mediation efforts aid the US-Russia prisoner swap

UAE President meets Saudi Crown Prince on sidelines of G20 Summit.
  • The mediation efforts were led by the UAE president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud
  • Brittney Griner, a top basketball player for the United States, was released in exchange for Russian arms dealer Victor Bout

The successful prisoner exchange between the US and Russia on Thursday was a direct result of mediation efforts between Saudi Arabia and the UAE, according to both countries.

The mediation efforts were led by the Emirati president Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and the Crown Prince of Saudi Arabia  Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Press Agency reported. 

“The [two countries] said the success of the mediation efforts was a reflection of the mutual and solid friendship between their two countries and the United States of America and the Russian Federation,” a joint Saudi-UAE statement read. “They also highlighted the important role played by the leaderships of the two brotherly countries in promoting dialogue between all parties.”

Brittney Griner, a top basketball player for the United States, was released in exchange for Russian arms dealer Victor Bout. The exchange occurred in Abu Dhabi. 

This is the second occasion this year that Saudi Arabia has facilitated the release of prisoners.

The Saudi Crown Prince had been in touch with the Kremlin and Ukraine as part of efforts to free the prisoners of war, which comprised five British citizens, one Moroccan, one Swede, one Croat, and two Americans.