INSEAD Day 4 - 728x90

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.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Trump’s ‘displeasure’ at prospect of allies recognizing Palestinian state

A billboard displaying the message “Free Paris” hangs next to a highway in the Israeli coastal city of Tel Aviv on July 27, 2025. AFP
  • Recent announcements by some of Washington's closest allies have only hardened the US president's stance against the move
  • He dismissed Macron's decision, which got the ball rolling last week for other countries to consider similar steps, saying the statement did not matter.

Washington, United StatesPresident Donald Trump has expressed displeasure with leaders of France, the United Kingdom and Canada for saying they plan to recognize a Palestinian state in September, Press Secretary Karoline Leavitt said Thursday.

Recent announcements by some of Washington’s closest allies have only hardened the US president’s stance against the move.

While Trump slammed Canada for announcing its intention to recognize Palestinian statehood at a United Nations meeting in September, he has been milder in his criticism of French President Emmanuel Macron and British Prime Minister Keir Starmer.

He dismissed Macron’s decision, which got the ball rolling last week for other countries to consider similar steps, saying the statement did not “matter” and “doesn’t carry much weight.”

Starmer this week said the UK will formally recognize a Palestinian state in September unless Israel takes “substantive” steps, including agreeing to a ceasefire in Gaza.

Asked about Britain’s decision after a trip to Scotland and talks with Starmer, Trump said he was “not in that camp, to be honest.”

According to Leavitt, Trump is now more critical of the push for recognition and believes it amounts to “rewarding Hamas at a time where Hamas is the true impediment to a cease fire and to the release of all of the hostages.”