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 hosting Afghan ex-president ‘on humanitarian grounds’

  • Ghani fled Afghanistan on Sunday as the Taliban closed in on Kabul, before the insurgents walked into the Afghan capital unopposed
  • In a Facebook post, Ghani said the "Taliban have won" and that he fled to avoid a "flood of bloodshed".

The United Arab Emirates said on Wednesday that it is hosting former Afghan president Ashraf Ghani “on humanitarian grounds”, after he fled his country amid a Taliban takeover.

“The UAE Ministry of Foreign Affairs and International Cooperation can confirm that the UAE has welcomed President Ashraf Ghani and his family into the country on humanitarian grounds,” it said in a brief statement.

Ghani fled Afghanistan on Sunday as the Taliban closed in on Kabul, before the insurgents walked into the Afghan capital unopposed.

In a Facebook post, Ghani said the “Taliban have won” and that he fled to avoid a “flood of bloodshed”.

His whereabouts were unknown until Wednesday, with speculation that he had fled to Tajiktan, Uzbejistan or Oman.

This would not be the first time that the oil-rich Gulf country opens its arms to former leaders and their relatives, now persona non grata in their country.

In 2017, the emirate of Dubai hosted former Thai prime minister Yingluck Shinawatra, who was sentenced in absentia to five years in prison.

Spain’s king Juan Carlos went into self-exile in the UAE in August last year as questions mounted over the origins of his fortune, and the UAE was Pakistani opposition leader Benazir Bhutto’s home during her eight years in exile before she was assassinated in her home country in 2007.

The UAE is one of three nations, including Saudi Arabia and Pakistan, which recognised the previous Taliban regime, which ruled from 1996 to 2001.