INSEAD Day 4 - 728x90

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.

Salik profit slips in H1

The company said traffic recovery supported resilience.

GCC condemns Iran for interfering in affairs of other nations

Strait of Hormuz (File pic)
    • GCC chief said Iran poses a direct threat to the whole region

    • He said the current situation in Iraq, Syria, Lebanon and Yemen represents a clear and direct threat to the security and stability of the region

    Taking a strong stance against the Islamic Republic of Iran, the chief of the Gulf Cooperation Council (GCC) has condemned the country for what he believes to be a direct threat that it poses to the whole region in the Middle East.

    Iran’s nuclear program, ballistic missiles, and its support for militias, must also be included in ongoing talks in Vienna and they should not be limited to reviving the nuclear deal, GCC Secretary-general Nayef bin Falah Al-Hajraf said at a virtual Gulf Research Meeting.

    Representatives of Iran and the five world powers still party to the Joint Comprehensive Plan of Action have been meeting in the Austrian capital since April, with US envoys participating indirectly. An agreement has yet to be reached.

    Al-Hajraf added that the current situation in Iraq, Syria, Lebanon and Yemen represents a clear and direct threat to the security and stability of the Middle East.

    The GCC chief said that economic integration is on the list of priorities for the council, as is strengthening the leading position of GCC countries in the region and the world.

    He said Saudi Arabia holding the G20 presidency in 2020, the UAE hosting Expo 2020 from October, and Qatar’s hosting of the 2022 FIFA World Cup are examples of this effort.

    Al-Hajraf added that the national visions and development plans in GCC countries are creating the appropriate momentum to focus on the future and exploit opportunities.