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.

First Palestinian ambassador to Spain submits credentials

Spanish King Felipe VI received on September 16, 2024 the credentials of Husni Abdel Wahed, the first Palestinian ambassador to Spain after Madrid’s recognition of the Palestinian state in May.(AFP).
  • The first Palestinian ambassador to Spain presented his credentials to Spanish King Felipe VI
  • Madrid in May formally recognized a Palestinian state

Madrid, Spain – The first Palestinian ambassador to Spain presented his credentials on Monday to Spanish King Felipe VI after Madrid in May formally recognized a Palestinian state.

The head of state welcomed Housni Abdel Wahed to the royal palace in Madrid for the traditional ceremony for newly appointed foreign ambassadors to Spain, according to images published by the royal palace on social network X.

Wahed had been the head of the Palestinian diplomatic mission in Madrid since 2022 and he enjoyed a similar status to that of an ambassador but he officially changed rank after Spain along with Ireland and Norway formally recognised a Palestinian state comprising the Gaza Strip and the West Bank.

The three countries said at the time they hoped their decision would spur other European countries to follow suit and accelerate efforts towards securing a ceasefire in Israel’s war against Hamas in Gaza.

Israel has condemned the decision, saying it bolsters Hamas, the militant Islamist group that led the October 7 attack on Israel that triggered the war in the Hamas-governed Gaza Strip.

Spanish Prime Minister Pedro Sanchez, one of the staunchest critics in Europe of Israel’s Gaza offensive, announced earlier this month that a bilateral summit between Spain and Palestine would be held before the end of the year.

The October 7 attack that sparked the war resulted in the deaths of 1,205 people, mostly civilians, according to an AFP tally based on official Israeli figures.

Militants also seized 251 hostages, 97 of whom are still held in Gaza, including 33 the Israeli military says are dead.

Israel’s retaliatory military offensive has so far killed at least 41,226 people in Gaza, according to the health ministry in the Hamas-run territory.