INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

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.

Biden announces $1 bn in food aid for Middle East: US official

US President Joe Biden at the King Abdulaziz International Airport in the Saudi coastal city of Jeddah.
  • The president will announce today that the United States has committed $1 billion in new near to long-term food security assistance for the Middle East
  • US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia

US President Joe Biden announced $1 billion in new food aid to the Middle East, a senior official said Saturday, amid rising food insecurity induced by the war in Ukraine.

“The president will announce today that the United States has committed $1 billion in new near- to long-term food security assistance for the Middle East and North Africa regions,” the official had said earlier in the day in Jeddah.