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.

Spain PM Sanchez says Gaza in ‘catastrophic situation of genocide’

A boy looks at trucks which brought aid driving towards the Israeli-controlled Zikim crossing to exit the Gaza Strip, west of Beit Lahia in the north of the besieged Palestinian territory on June 25, 2025. AFP
  • The comments represent the strongest condemnation to date by the Socialist leader, an outspoken critic of the Israeli offensive in Gaza sparked by Hamas's 2023 attack on Israel
  • Sanchez mentioned a recent human rights review by the bloc's diplomatic service which, he said, addressed "the catastrophic situation of genocide unfolding in Gaza".

Brussels, BelgiumSpanish Prime Minister Pedro Sanchez on Thursday said Gaza was in a “catastrophic situation of genocide” and urged the European Union to immediately suspend its cooperation deal with Israel.

The comments represent the strongest condemnation to date by the Socialist leader, an outspoken critic of the Israeli offensive in Gaza sparked by Hamas’s 2023 attack on Israel.Speaking to reporters at an EU summit in Brussels, Sanchez mentioned a recent human rights review by the bloc’s diplomatic service which, he said, addressed “the catastrophic situation of genocide unfolding in Gaza”.The report published last week found “indications” that Israel was breaching its human rights obligations under the cooperation deal which forms the basis for its trade ties with the EU.

The text cited Israel’s blockade of humanitarian aid for the Palestinian territory, the high number of civilian casualties, attacks on journalists and the massive displacement and destruction caused by the war.

Sanchez said it was “more than obvious” that Israel was violating its obligations and that the bloc should suspend the cooperation deal “immediately”.

“It makes no sense” that the bloc has imposed 18 rounds of sanctions on Russia for its invasion of Ukraine but, “in a double standard, is not even capable of suspending an association deal”, he added.

Suspending the EU-Israel accord outright would require unanimity among member states, something diplomats see as virtually impossible due to divisions within the bloc.

At the summit in Brussels divided EU leaders ended up kicking the can down the road on discussions about taking any action against Israel over Gaza.

Leaders said in a statement that they “took note” of the EU report and called for more “discussions on a follow-up, as appropriate, in July 2025, taking into account the evolution of the situation on the ground.”

The Gaza war began after Hamas’s October 7, 2023 attack on Israel resulted in the deaths of 1,219 people, mostly civilians, according to an AFP tally based on official figures.

Palestinian militants also seized 251 hostages, with 49 still held in Gaza, including 27 the Israeli military says are dead.

Israel’s retaliatory military campaign has killed at least 56,156 people in Gaza, also mostly civilians, according to the territory’s Hamas-run health ministry. The United Nations considers its figures reliable.