INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi to host joint Arab-Islamic summit on Gaza crisis

The Crown Prince has directed the implementation of the project to strengthen historic Jeddah buildings.
  • Saudi ministry said It was decided to hold a ‘Joint Arab Islamic Extraordinary Summit’ in an exceptional manner on November 11.
  • Earlier, ‘extraordinary session of the Arab Summit’ and the ‘Extraordinary Islamic Summit’ were scheduled to be held on the same date.

Riyadh, Saudi Arabia – Saudi Foreign Ministry said on Saturday that the Kingdom will hold a joint Arab Islamic extraordinary summit here instead of two summits.

“In response to the unprecedented circumstances in Gaza, and after consultation of the Kingdom of Saudi Arabia with the League of the Arab States and the Organization of Islamic Cooperation, it was decided to hold a ‘Joint Arab Islamic Extraordinary Summit’ in an exceptional manner on November 11, 2023, instead of the ‘extraordinary session of the Arab Summit’ and the ‘Extraordinary Islamic Summit’, which were scheduled to be held in the same date,” said the Foreign Ministry in a statement.

It said, “This comes as a sense from the leaders of all countries on the importance of uniting efforts and coming up with a unified collective position that expresses the common Arab-Islamic will on the dangerous and unprecedented developments in Gaza and the Palestinian territories.”

It added, “This requires the unity of the Arab and Islamic ranks in confronting and containing their repercussions.”

Palestinian President Mahmoud Abbas arrived in Saudi Arabia on Friday to take part in the summit.