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

Israeli carrier launches direct flight to Morocco

    • About 100 passengers were on the flight that departed from Tel Aviv to Marrakesh

    • Morocco was one of four regional states to normalise ties with Israel in 2020, along with Bahrain, Sudan and the United Arab Emirates

    Israeli carrier Israir launched the first direct commercial flight between the Jewish state and Morocco on Sunday since the countries normalised diplomatic relations in a US-brokered deal last year.

    About 100 passengers were on the flight that departed from Tel Aviv to Marrakesh, Israir spokeswoman Tali Leibovitz told AFP, adding that two to three flights per week were planned on the route.

    Israeli Foreign Minister Yair Lapid said last week that he would visit Morocco shortly after the Israir service was launched.

    Morocco was one of four regional states to normalise ties with Israel in 2020, along with Bahrain, Sudan and the United Arab Emirates.

    The move came as the administration of former US president Donald Trump recognised Morocco’s sovereignty over Western Sahara, a disputed and divided former Spanish colony.

    Morocco is home to North Africa’s largest Jewish community, which numbers around 3,000. Some 700,000 Jews of Moroccan origin live in Israel.

    Rabat had a liaison office in Tel Aviv but relations came to a halt during the 2000-2005 second Palestinian intifada, or uprising.

    The normalisation deals between Arab states and Israel have been deemed a “betrayal” by the Palestinians, who believe the process should only follow a resolution of the Israeli-Palestinian conflict.