INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

Saudi Arabian delegation arrives in Iran to cement diplomatic ties

Iran's Foreign Minister Hossein Amir-Abdollahian (L), Saudi Foreign Affairs Minister Prince Faisal bin Farhan (R) and Chinese Foreign Minister Qin Gang (C) during a meeting in Beijing on April 6. (SPA)
  • Iranian President Ebrahim Raisi has been invited by Saudi King Salman to Riyadh, a trip planned to take place after the holy fasting month of Ramadan.
  • The two countries severed ties after protesters in the Islamic republic attacked Saudi diplomatic missions following Riyadh's execution of a prominent Shiite cleric.

Riyadh, Saudi Arabia — A Saudi Arabian diplomatic delegation arrived on Saturday in Tehran to discuss the reopening of its diplomatic missions after a seven-year absence, Riyadh’s foreign ministry said.

The visit follows an unprecedented meeting between the foreign ministers of both countries in China this week after they agreed last month to restore diplomatic ties.

Saturday’s visit is part of “implementing the tripartite agreement” reached on March 10 between the two regional powers, brokered by China, to restore relations ruptured in 2016, the Saudi foreign ministry said, cited by the official Saudi Press Agency.

The two longtime Middle East rivals have now pledged to work together.

Saudi Foreign Minister Prince Faisal bin Farhan and his Iranian counterpart Hossein Amir-Abdollahian met in Beijing on Thursday and vowed to bring “security and stability” to the turbulent Gulf region.

On Saturday, a Saudi “technical delegation” met Iran’s chief of protocol at the foreign ministry in Tehran, SPA said.

The two countries severed ties after protesters in the Islamic republic attacked Saudi diplomatic missions following Riyadh’s execution of a prominent Shiite cleric.

Iranian President Ebrahim Raisi has been invited by Saudi King Salman to Riyadh, a trip planned to take place after the holy fasting month of Ramadan.