INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

French President says Ukraine could join EU after decades

Emmanuel Macron called for the creation of "European political community" / AFP)
  • European Commission President Ursula von der Leyen, tweeted that EU executive would give its "opinion" on Ukraine's membership bid in June.
  • "It is our historic obligation ... to create what I would describe before you today as a European political community," Macron said.

France’s President Emmanuel Macron said Monday it would take “decades” for a candidate like Ukraine to join the EU, and suggested building a broader political community of democratic states around the bloc.

“Even if we gave them candidate status tomorrow,” he said of Ukraine, “we all know perfectly well that the process of allowing them to join would take several years, in truth doubtless several decades.”

But, noting the urgency of giving Ukraine and other EU hopefuls like Moldova and Georgia a place in the heart of Europe, he called for the creation of “European political community”.

Russia invaded Ukraine in February, in part to thwart Kyiv’s tilt towards integration with the EU and NATO, and Georgia and Moldova are also partly occupied by Moscow’s troops.

Just ahead of Macron’s speech, the president of the European Commission Ursula von der Leyen, tweeted that the EU executive would give its “opinion” on Ukraine’s membership bid in June.

But Macron, in a speech endorsing calls for a treaty change to further strengthen the EU’s federal integration, said the bloc, “given its level of integration and ambition” could not be Europe’s only organizing body.

“It is our historic obligation … to create what I would describe before you today as a European political community,” he said.

“This new European organization would allow democratic European nations … to find a new space for political cooperation, security, cooperation in energy, transport, investment, infrastructure, the movement of people.”