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, Iran foreign ministers talk on phone, discuss next steps in ties

The Iranian and Saudi foreign ministers. (AFP FILES)
  • China recently brokered the restoration of ties between Iran and Saudi Arabia, rivals in a region where the US for decades has been the main diplomatic powerbroker
  • The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China

Riyadh, Saudi Arabia – Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received a phone call from his Iranian counterpart Hussein Amir-Abdollahian, during which they discussed a number of issues of common interest between the two countries.

The two sides discussed the next steps in light of what was recently agreed upon.

China recently brokered the restoration of ties in March between Iran and Saudi Arabia – rivals in a region where the United States for decades has been the main diplomatic powerbroker.

The two Middle East powerhouses had held several rounds of dialogue in Iraq and Oman before reaching the agreement to mend ties on March 10 in China.

Since then there has been increasing engagement between the two countries. Iranian president has already received an invitation to visit the Sunni-ruled kingdom. This was followed by Iran’s foreign ministry spokesman Nasser Kanani said President Ebrahim Raisi inviting the Saudi King to visit Iran.

Saudi Arabia had severed relations with Iran in 2016, after its embassy in Tehran and consulate in the northwestern city of Mashhad were attacked during protests over Riyadh’s execution of Shiite cleric Nimr al-Nimr.