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.

US welcomes Palestinian Authority reform after PM quits

Blinken has called for the Ramallah-based Palestinian Authority to exert control over the Gaza Strip after the war. (AFP)
  • "We do welcome steps for the PA to reform and revitalize itself," State Department spokesman Matthew Miller told reporters, using the Palestinian Authority's initials
  • State Department spokesman declined to comment directly on the resignation of prime minister Mohammad Shtayyeh, saying it was an internal matter for Palestinians

Washington, United States – The United States on Monday praised reforms by the Palestinian Authority as a step toward reuniting the West Bank with war-ravaged Gaza after the prime minister stepped down.

“We do welcome steps for the PA to reform and revitalize itself,” State Department spokesman Matthew Miller told reporters, using the Palestinian Authority’s initials.

Miller said Secretary of State Antony Blinken had encouraged the Palestinian Authority “to take those steps” during talks with president Mahmud Abbas.

“We think those steps are positive. We think they’re an important step to achieving a reunited Gaza and West Bank under the Palestinian Authority,” Miller said.

He declined to comment directly on the resignation of prime minister Mohammad Shtayyeh, saying it was an internal matter for Palestinians.

Shtayyeh submitted his resignation to 88-year-old Abbas, pointing to the need for change due to the “new reality” in the Gaza Strip, ruled by rivals Hamas.

Israel launched a relentless military campaign into Gaza after Hamas on October 7 carried out the deadliest attack ever on Israeli soil.

The Palestinian leadership has been divided since 2007, with the Palestinian Authority exercising limited power in the West Bank.

Blinken has called for the Ramallah-based Palestinian Authority to exert control over the Gaza Strip after the war, an idea that has not been met with enthusiasm from Israeli Prime Minister Benjamin Netanyahu’s hard-right government, which has voiced opposition to creating a Palestinian state.