Search Site

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

26 EU states demand ‘immediate’ halt in Gaza fighting: Borrell

EU foreign policy chief Josep Borrell. (AFP)
  • EU countries also reiterated their calls for Israel not to launch an assault on the Gaza city of Rafah, which has become the main shelter zone in the stricken territory.
  • Israel has warned that, unless Hamas frees all hostages, it will push on with its offensive during the Muslim holy month of Ramadan, including in Rafah

Brussels, Belgium– All EU countries except Hungary joined a call Monday for an “immediate humanitarian pause” in the Gaza war, foreign policy chief Josep Borrell said.

The European Union has struggled for a united response on Israel’s military operation following the October 7 attack by Hamas.

But Borrell said foreign ministers from 26 states had agreed a statement calling for “an immediate humanitarian pause that would lead to a sustainable ceasefire”.

The EU countries also reiterated their calls for Israel not to launch an assault on the Gaza city of Rafah, which has become the main shelter zone in the stricken territory.

Hungary is a staunch supporter of Israel and has frequently refused to go along with EU statements seen as critical of the country.

Other EU nations such as Germany have been reluctant until now to call for an “immediate” halt in Israel’s operations. It has not wanted to be seen backing any move that could limit Israel’s right to defend itself.

Over 29,000 people, mostly women and children, have been killed in the Israel military operation in Gaza, the health ministry in the Hamas-run territory says.

Israel has warned that, unless Hamas frees all hostages, it will push on with its offensive during the Muslim holy month of Ramadan, including in Rafah.