INSEAD Day 4 - 728x90

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Lavrov meets Xi in Beijing: Russian foreign ministry

This handout photograph released by the Russian Foreign Ministry shows Russian Foreign Minister Sergey Lavrov (R) and Chinese Foreign Minister Wang Yi shaking hands during a meeting in Beijing on July 13, 2025. AFP
  • Russia's TASS news agency reported that Xi met Lavrov after the Chinese president held a "general meeting" with SCO foreign ministers
  • The Russian foreign minister arrived in China following a visit to North Korea, where he received assurances of support in its conflict with Ukraine

Moscow, RussiaForeign Minister Sergei Lavrov met with China’s leader Xi Jinping in Beijing on Tuesday, Moscow said, as the top Russian diplomat visited for a Shanghai Cooperation Organisation meeting.

Xi received Lavrov in the Chinese capital “as part of his participation in the meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation (SCO)”, Russia’s foreign ministry said in a statement.

“A number of issues of bilateral political contacts at the highest and high levels were discussed,” including preparations for Russian leader Vladimir Putin’s visit to China to join a SCO summit and World War II anniversary celebrations.

Russia’s TASS news agency reported that Xi met Lavrov after the Chinese president held a “general meeting” with SCO foreign ministers.

Lavrov met Sunday with his Chinese counterpart Wang Yi to discuss Ukraine and relations with the United States.

The Russian foreign minister arrived in China following a visit to North Korea, where he received assurances of support in its conflict with Ukraine.

Beijing, a diplomatic and economic ally of Moscow, claims to be neutral in the conflict between Russia and Ukraine.

But China has never denounced Russia’s more than three-year military campaign nor called for it to withdraw its troops, and many of Ukraine’s allies believe that Beijing has provided support to Moscow.

China regularly calls for an end to the fighting, while also accusing Western countries of prolonging the conflict by arming Ukraine.

Beijing has long sought to present the 10-member Shanghai Cooperation Organisation as a counterweight to Western-led power blocs such as NATO, and has pushed to strengthen collaboration between its member countries in politics, security, trade and science.