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.

Assad scraps grand mufti post in Syria

In 2018, Assad issued a decree limiting the mufti's term, previously unlimited, to a renewable period of three years.
  • The new decree, which state media said came into effect on Monday, effectively forces Ahmed Badreddin Hassoun, appointed as grand mufti by Assad in 2004, into retirement
  • His prerogatives will be folded into a council that falls under the ministry of religious endowments, or waqf, which already oversees Islamic affairs in Syria

Syrian President Bashar al-Assad has issued a decree eliminating the post of top Muslim cleric for the country and expanding the powers of a government ministry overseeing religious affairs.

The new decree, which state media said came into effect on Monday, effectively forces Ahmed Badreddin Hassoun, appointed as grand mufti by Assad in 2004, into retirement.

His prerogatives will be folded into a council that falls under the ministry of religious endowments, or waqf, which already oversees Islamic affairs in Syria, the official SANA news agency said.

The Council on Islamic Jurisprudence will from now on determine the lunar calendar and make rulings on matters relating to religious rituals and rites, SANA said.

The news agency did not elaborate on the reasons behind the move but it comes after years of government efforts to expand state oversight of religious affairs.

In 2018, Assad issued a decree limiting the mufti’s term, previously unlimited, to a renewable period of three years.

It also expanded the power of the waqf minister, allowing him to name the mufti, who had previously been appointed by the president.

The legislation sparked controversy, with many on social media saying it was state interference in religious affairs.

Others said it was a way to regulate religious discourse in order to “fight extremism”.