Search Site

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

UAE wants political solution to Ukraine crisis: Anwar Gargash

Anwar Gargash.
  • The world is facing a difficult test and severe polarization imposed by the Ukrainian crisis, which threatens the foundation of international community, Gargash said.
  • Ministry of Foreign Affairs and International Cooperation (MoFAIC) had expressed particular alarm at the consequences for civilians present in Ukraine.

UAE wants a political solution to the Ukraine crisis and believes that taking sides would only encourage violence, said Anwar Gargash, UAE Minister of State for Foreign Affairs and adviser to President Khalifa Bin Zayed Al-Nahyan.

Gargash tweeted that UAE “has a firm position regarding the United Nations, international law and the sovereignty of states, rejecting military solutions”.

His comments came after the UAE abstained to vote on Friday on a draft United Nations Security Council resolution deploring Moscow’s invasion of Ukraine.

“The world is facing a difficult test and severe polarization imposed by the Ukrainian crisis, which threatens the foundations of the international community and increases the factors of instability. From our experience in a region full of crises, we believe that political solutions and creating balances that enhance security and stability are the best way to confront crises and limit their effects,” Gargash said.

“We believe that alignment and positioning will only lead to more violence, and in the Ukrainian crisis, our priorities are to encourage all parties to adopt diplomacy and negotiate to find a political settlement that ends this crisis,” he said.