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 to meet over Ukraine war to discuss Russian invasion

FOR REPRESENTATION PURPOSE ONLY (File/AFP)
  • A number of Arab countries are heavily dependent on wheat supplies from both Ukraine and Russia
  • The UAE, a non-permanent member of the UN Security Council, abstained Friday in a vote on a resolution, vetoed by Moscow

The Arab League will meet Monday to discuss Russia’s invasion of Ukraine.

Hossam Zaki, the Cairo-based organization’s deputy head, told AFP the session will be held at the level of foreign ministers.

The United Arab Emirates, a non-permanent member of the UN Security Council, abstained Friday in a vote on a resolution, vetoed by Moscow, demanding Russia withdraw its troops from Ukraine. 

Syria, Algeria and Sudan, for their part, are linked to Russia by military accords.

A number of Arab countries are heavily dependent on wheat supplies from both Ukraine and Russia, and any shortages of the staple grain have potential to stir unrest.

If those supplies are disrupted, raising bread prices, “the Ukraine crisis could trigger renewed protests and instability” in the region, according to the Washington-based Middle East Institute.

On the humanitarian front, thousands of Arab students became stranded in Ukraine — many of them having already fled violence back home — and have been appealing for help in escaping the crisis.