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

WB suspends financial operation in Mali after coup

    • Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government

    • Mali has already been suspended by the African Union and the Economic Community of West African States

    The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said Friday.

    The Washington-based bank  has “temporarily paused disbursements on its operations in Mali, as it closely monitors and assesses the situation,” the spokesman for the bank’s Bamako operation told AFP.

    Mali had already been suspended by the African Union and the Economic Community of West African States (ECOWAS).

    Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government, themselves installed after a coup in August which toppled Mali’s elected president, Ibrahim Boubacar Keita.

    The World Bank’s decision on Friday was in line with the body’s policy applicable in similar situations, the spokesman said.