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

Arab League rues decline in Lebanese-Gulf ties

The Arab League is confident Lebanese President Michel Aoun and Prime Minister Najib Mikati would act quickly to ease the crisis.
  • The Arab League Secretary-General Ahmed Aboul Gheit has appealed to Gulf countries "to reflect on the measures proposed to be taken
  • The statement came a day after Saudi Arabia ordered the Lebanese ambassador to the kingdom to leave within 48 hours

The Arab League has expressed strong disappointment at a decline in relations between Lebanon and Gulf states, after an adverse comment by a Lebanese minister about the Saudi-led military intervention in Yemen.

The Arab League Secretary-General Ahmed Aboul Gheit has appealed to Gulf countries “to reflect on the measures proposed to be taken…in order to avoid further negative effects on the collapsing Lebanese economy”.

“…Aboul Gheit expressed his deep concern and regret over the rapid deterioration in Lebanese-Gulf relations…,” the statement said. It added he was confident Lebanese President Michel Aoun and Prime Minister Najib Mikati would act quickly to ease the crisis.

The statement came a day after Saudi Arabia ordered the Lebanese ambassador to the kingdom to leave within 48 hours and banned all Lebanese imports in response to remarks by the Lebanese minister.