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.

Canada elects PM Trudeau for third term

Canadian Prime Minister Justin Trudeau.
  • The elections were tough for Trudeau, despite his conservative opponent being a relative newcomer to the arena
  • Trudeau had called snap elections, hoping to sail through thanks to his handling of the Covid-19 threat in Canada

Justin Trudeau on Tuesday, September 21, won the Canadian election and is slated to become prime minister for the third time.

He announced his victory on Twitter and thanked the country, despite being unable to secure absolute majority, which will likely make the path ahead harder for him.

Trudeau called the snap election last month, hoping that the smooth Covid-19 vaccine rollout he had overseen would easily see him reelected.

However, after a bumpy five weeks of campaigning, he appeared set for a repeat of the close 2019 general election that resulted in the one-time golden boy of Canadian politics clinging to power yet weakened after losing his majority in parliament.

Yet, this was supposed to be easy for the liberal politician, given his handling of the pandemic in the country and that his opponent, conservative leader Erin O’Toole, was much less experienced, despite being only a year younger — at 48 — than Trudeau.

Trudeau’s win could mean continued liberal policymaking from Canada, which in turn could benefit GCC nations, most of which have healthy economic relations with the North American country in some form or the other.

A liberal leader for Canada could also mean similar liberal thinking at the world stage, which could counter Western conservatism against the Arab world at the global level.