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

Syrian foreign minister visits Algeria to boost ties

Syrian Foreign Minister Faisal Mekdad.
  • According to Algerian state radio, the visiting foreign minister was welcomed by Ahmed Ataf, Algerian foreign minister
  • Faisal Mekdad arrived in Saudi Arabia on Wednesday, in the first such trip since civil war broke out in Syria in 2011

Algiers, Algeria-– Syrian Foreign Minister Faisal Mekdad arrived in Algeria on Saturday, Algerian state radio reported late on Friday, a visit that reinforces Damascus’ openness to the Arab world after it was isolated for more than a decade.

The Algerian foreign minister, Ahmed Ataf, received the visiting minister, state radio said.

It is expected that Mekdad will also visit Tunis early next week.

Syria and Tunisia agreed on Wednesday to reopen their respective embassies, 11 years after Tunis severed ties to protest a deadly crackdown on demonstrators opposed to Syrian President Bashar al-Assad.

On Wednesday, Syria’s foreign minister arrived in Saudi Arabia, in the first such trip since civil war broke out in Syria in 2011.

Faisal Mekdad and an accompanying delegation arrived in the Red Sea port city of Jeddah at the invitation of Saudi counterpart Faisal bin Farhan, according to Syrian state news agency Sana.

The Gulf kingdom is set to host a meeting of regional foreign ministers on Friday to discuss Damascus returning to the Arab League.

Syria was suspended from the Arab League 12 years ago, following the government’s brutal crackdown on mass protests against Bashar al-Assad’s rule, with many Arab states demanding the president’s removal.

But in recent years, as Assad – with significant Russian assistance – has defeated his enemies across much of Syria, regional states have taken steps to end the isolation of Damascus, with the United Arab Emirates at the forefront of Arab rapprochement.