INSEAD Day 4 - 728x90

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.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Saudi crown prince plans Turkey visit

Saudi Arabia's crown prince expects to travel to Turkey next month.
  • "The kingdom is turning the page on its dispute with Turkey and strengthening its relations with its EU partners," an official said
  • The trip came as Turkey, facing an economic crisis fuelled by the collapse of its currency, tries to draw support from energy-rich Gulf countries.

Saudi Arabia’s crown prince expects to travel to Turkey next month, a Saudi official told AFP Wednesday. The trip by Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, will also include stops in Egypt, Cyprus and Greece, said the official, who requested anonymity because he was not permitted to speak to the media.

“It’s happening most probably at the beginning of June,” the official said.

“The kingdom is turning the page on its dispute with Turkey and strengthening its relations with its EU partners.”

The Crown Prince Salman’s visit follows last month’s visit to Saudi Arabia by Erdogan. 

Erdogan was photographed embracing Crown Prince Mohammed and having a separate meeting with his father King Salman.

The trip came as Turkey, facing an economic crisis fuelled by the collapse of its currency and soaring inflation, tries to draw financial support from energy-rich Gulf countries.

If Prince Mohammed’s trip goes ahead as planned, it will mark the first time he has left the Middle East since 2018.