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.

Ship with 750 tonnes of fuel sinks off Tunisia coast

The defence, interior, transport and customs ministries were working to avoid "a marine environmental disaster in the region and limit its impact", the environment ministry said.
  • The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
  • It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed

A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off Tunisia’s southeast coast, a spokesman for a local court said.

“The ship sank this morning in Tunisian territorial waters. For the moment, there is no leak,” Mohamed Karray said, adding that a “disaster prevention committee will meet to decide on the measures to be taken”.

The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters on Friday evening due to bad weather.

It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed, according to a Tunisian environment ministry statement.

It said Tunisian authorities evacuated the seven-member crew.

Karray said the Georgian captain, four Turks and two Azerbaijanis were briefly hospitalized for checks and were now in a hotel.

The defense, interior, transport and customs ministries were working to avoid “a marine environmental disaster in the region and limit its impact”, the environment ministry said.