INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

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

UAE dispatches 30 tonne of aid to war-torn Ukraine

The war in Ukraine has sent oil and gas prices soaring. Image/AFP
  • More than 1.5 million people have fled across Ukraine's borders in over a week of attacks from air, land and sea
  • The UAE last month abstained from a UN Security Council draft resolution condemning Russia's invasion

The United Arab Emirates said it flew 30 tonnes of aid and medical supplies to Poland for transportation to war-torn Ukraine Monday, to help relieve the “deteriorating humanitarian situation” after Russia’s invasion.

More than 1.5 million people have fled across Ukraine’s borders in over a week of attacks from air, land and sea, according to the UN.

The UAE’s ambassador to Ukraine, Salem A. Al-Kaabi, noted that the aid was “part of the UAE’s steadfast commitment to essential humanitarian needs in conflicts… and to provide whatever assistance we can in what is a deteriorating humanitarian situation,” a foreign ministry statement said.

The UAE last month abstained from a UN Security Council draft resolution condemning Russia’s invasion, but then joined a vote to deplore the attack in the UN General Assembly.

The wealthy Gulf state hosts US troops and has been a strategic partner to Washington for decades, but its economic and political ties with Russia are growing.

The plane-load of aid landed in Poland for onward transportation to Ukraine. The UAE has also contributed 18.36 dirhams ($5 million) to UN appeals for the refugees, the statement said.