Search Site

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

Helpless! Top EU diplomat regrets failure to ‘stop’ Netanyahu

European Union foreign policy chief Josep Borell speaks during a debate at the European Parliament in this file photo. (AFP)
European Union foreign policy chief Josep Borell speaks during a debate at the European Parliament in this file photo. (AFP)
  • EU foreign affairs chief Josep Borrell says no power, including the United States, can "stop" Israeli Prime Minister Benjamin Netanyahu
  • "What we do is to put all diplomatic pressure to a ceasefire, but nobody seems to be able to stop Netanyahu.."

United Nations — EU foreign affairs chief Josep Borrell voiced regret Friday that no power, including the United States, can “stop” Israeli Prime Minister Benjamin Netanyahu, saying he appears determined to crush militants in Gaza and Lebanon.
“What we do is to put all diplomatic pressure to a ceasefire, but nobody seems to be able to stop Netanyahu, neither in Gaza nor in the West Bank,” Borrell told a small group of journalists as he attended the UN General Assembly.
Borrell backed an initiative by France and the United States for a 21-day ceasefire in Lebanon, which Israel has brushed aside as it steps up strikes on Hezbollah targets, in a days-old campaign that has killed hundreds.
Borrell said Netanyahu has made clear that the Israelis “don’t stop until Hezbollah is destroyed,” much as in its nearly year-old campaign in Gaza against fellow Iranian-backed militant group Hamas.
“If the interpretation of being destroyed is the same as with Hamas, then we are going to go for a long war,” Borrell said in English.
The outgoing EU foreign affairs chief again called for diversifying diplomacy from the United States, which has tried for months unsuccessfully to seal a truce in Gaza that would include the release of hostages.
“We cannot rely just on the US. The US tried several times; they didn’t succeed,” he said.
“I don’t see them ready to start again a negotiation process that could lead to another Camp David,” he said, referring to the 2000 talks at the US presidential retreat in which Bill Clinton unsuccessfully sought to broker a landmark deal to end the Israeli-Palestinian conflict.
Netanyahu in a defiant speech to the United Nations on Friday vowed to achieve Israel’s objectives against Hezbollah, which has sporadically attacked Israel with rockets since Hamas carried out its massive October 7 attack on Israel, which has responded with a relentless military campaign.