INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

China’s Xi calls on BRICS countries to ‘resist all forms of protectionism’

Chinese President Xi Jinping. AFP
  • "We must uphold the multilateral trading system with the World Trade Organization at its core and resist all forms of protectionism," he said.
  • Brazilian President Luiz Inacio Lula da Silva had convened a virtual meeting to discuss "the defense of multilateralism".

Beijing, China — Chinese President Xi Jinping called on the 11-nation BRICS bloc to “resist all forms of protectionism” at a virtual leaders’ summit on Monday.

“We must uphold the multilateral trading system with the World Trade Organization at its core and resist all forms of protectionism,” he said in his speech to the group, which includes Brazil, Russia, India, China, South Africa, Saudi Arabia and Indonesia.

“No matter how the international situation changes, we must remain steadfast in promoting the building of an open global economy, sharing opportunities and achieving win-win results through openness,” Xi added.

Brazilian President Luiz Inacio Lula da Silva convened the virtual meeting to discuss “the defense of multilateralism”.