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.

Canada to resume funding UN agency for Palestinians

A Palestinian man transports sacks of humanitarian aid at the distribution center of the UNRWA, in Rafah. (AFP)
  • UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack
  • About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January

Montreal, Canada– UNRWA has been at the center of controversy since Israel accused 12 of its employees in January of involvement in the October 7 attack carried out by the Palestinian group Hamas.

“I’m announcing that Canada’s funding for UNRWA will resume,” Minister of International Development Ahmed Hussen told reporters.

“We’re resuming funding to UNRWA because of the dire humanitarian situation on the ground,” he explained, noting that Canada was the first G7 nation to resume funding.

About 15 countries, including the United States, Britain, Germany and Japan, suspended funding to UNRWA at the end of January. The moves slashed the agency’s funds by $450 million — more than half of the funds received in 2023.

After the accusations, the UN fired the accused employees who were still alive and launched an internal investigation.

UN Secretary-General Antonio Guterres also tasked an independent group with evaluating UNRWA and its neutrality.

Canada has reviewed the investigation’s interim report and “we were reassured by the contents,” Hussen said.

He also announced that Ottawa will partner with Jordan and the World Food Program to conduct airdrops in Gaza to deliver desperately needed food and other essentials.

“We’re looking at a serious risk of mass starvation in parts of Gaza, particularly in the north,” he warned.