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

Saudi Arabia, Qatar, six others accept Trump ‘Board of Peace’ invite: statement

A man carries jerrycans past tents erected next to rubble in Gaza City on January 20, 2026.
  • Invites were sent to dozens of world leaders with a request for one billion dollars for a permanent seat on the board
  • Although originally meant to oversee Gaza's rebuilding, the board's charter does not seem to limit its role to the Strip

Riyadh, Saudi Arabia – SaudiĀ Arabia and seven Muslim-majority countries including Gaza mediators Qatar and Turkey have agreed to join US President Donald Trump’s “Board of Peace”, the Saudi foreign ministry said on Wednesday.

In a joint statement, Riyadh announced the “shared decision” of the foreign ministers of Saudi Arabia, Qatar, Turkey, Egypt, Jordan, Indonesia, Pakistan, and the United Arab Emirates to join the body to be chaired by Trump, saying they supported his “peace efforts” on the Gaza conflict.Invites were sent to dozens of world leaders with a request for $1 billion for a permanent seat on the board. The Saudi statement did not mention payment.

Although originally meant to oversee Gaza’s rebuilding, the board’s charter does not seem to limit its role to the Strip and appears to want to rival the United Nations, sparking the ire of some US allies including France.

The move also comes at a time of tension between the UAE and Saudi Arabia.

Both have sought to curry favour with the Trump administration with pledges of investment and business deals.

France has indicated it will not join the board but Israeli Prime Minister Benjamin Netanyahu has accepted an invite, his office said on Wednesday.

However, he has objected to the inclusion of Turkish Foreign Minister Hakan Fidan and Qatari diplomat Ali Al-Thawadi on a “Gaza Executive Board” operating under the body.