INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Kuwait and UNHCR agreement to provide $2 million aid to Yemen

This is the fifth donation offered by the Kuwaiti fund to the UNHCR
  • The agreement is a result of Kuwait’s commitment during the 75th session of the United Nations General Assembly.
  • The grant targets at improving living conditions of almost 200,000 internally displaced persons in cities of Yemen.

Kuwait Fund for Arab Economic Development (KFAED) and the United Nations High Commissioner for Refugees (UNHCR) signed a grant agreement valued at KD 605,000 ($2 million) in Kuwait on Sunday.

 

The agreement is a result of Kuwait’s commitment during the 75th session of the United Nations General Assembly to provide $20 million to alleviate the humanitarian situation in Yemen, local media reports said.

 

The grant targets at improving living conditions of almost 200,000 internally displaced persons, to improve access to basic services in cities like Sana’a, Aden, Al Hudaydah and Marib, and for host communities project in Yemen.

 

It is also meant to provide basic building materials for temporary shelters, to rehabilitate and improve sites’ and water sources infrastructure, establishment of water channels and sewage system, the reports said.

 

The funds will be also used for waste management, road repairs, and supply and installation of solar-powered street lighting in about 25 sites.

 

This is the fifth donation offered by the Kuwaiti fund to the UNHCR.