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.

European Union to increase Gaza humanitarian aid by $27mn

"Our hearts bleed at the images of small children pulled out from under the rubble," the EU chief said. (AFP)
  • The EU chief Von der Leyen, a staunch supporter of Israel, said it was essential the country "strives to avoid civilian casualties" in its operation in Gaza.
  • Von der Leyen told diplomats that even as conflict rages, there needs to be a "perspective" for a two-state solution.

Brussels, Belgium – European Commission president Ursula von der Leyen on Monday said the EU is increasing its humanitarian aid for Gaza by 25 million euros ($27 million).

“By doing so the European Union will spend a total of 100 million euros in humanitarian aid for the civilians in Gaza,” von der Leyen told EU diplomats in Brussels.

Von der Leyen said flows of aid into Gaza from Egypt “remain too small” and the EU was working on setting up other possible routes including deliveries via sea from Cyprus.

Also Read Exclusive reports on Gaza-related developments

Von der Leyen, a staunch supporter of Israel, said it was essential the country “strives to avoid civilian casualties” in its operation in Gaza.

She insisted a prerequisite once the fighting stops is that “Gaza can be no safe haven for terrorists” and Hamas will no longer be in charge of the territory.

“Different ideas are being discussed on how this can be ensured, including an international peace force under UN mandate,” she said.