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

Gulf bloc says Saudi to host Yemen talks despite rebels’ rejection

Saudi Arabia leads a military coalition fighting on the side of the Yemeni government against the Houthis. AFP
  • The secretary-general of the Saudi-based Gulf Cooperation Council (GCC), Nayef al-Hajraf, told reporters discussions would be held between March 29 and April 7 in Riyadh
  • "Invitations will be sent to all and the conference will be held in attendance of those who come," he said

The six-nation Gulf bloc said Thursday it seeks to host discussions between Yemen’s warring sides in Saudi Arabia, despite the Houthi rebels’ rejection of talks in “enemy countries”.

Saudi Arabia leads a military coalition fighting on the side of the Yemeni government against the Houthis.

The secretary-general of the Saudi-based Gulf Cooperation Council (GCC), Nayef al-Hajraf, told reporters discussions would be held between March 29 and April 7 in Riyadh.

“Invitations will be sent to all and the conference will be held in attendance of those who come,” he said.

“We hope that everyone will participate and not miss this opportunity.”

But the Iran-backed rebels said earlier on Thursday that while they were open to finding a peaceful solution to the seven-year war, they would not travel to Saudi Arabia.

“We will welcome an invitation to dialogue that does not take place in enemy countries,” a Houthi official said on condition of anonymity.

“We will always extend our hand for peace,” the official told AFP.

The GCC — which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman and Bahrain — had earlier this week suggested hosting talks between the two sides.

The Saudi-led coalition intervened in Yemen in 2015, a year after the Houthis seized the capital Sanaa and swathes of territory in the country’s north.

The ensuing war has cost hundreds of thousands of lives, directly or indirectly, and displaced millions, in what the United Nations has called the world’s worst humanitarian crisis.

On Wednesday, the UN voiced disappointment after a donors’ conference raised $1.3 billion, far short of the $4.27 billion target.