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 top diplomat on first Syria visit in over a decade

Syria's President Bashar al-Assad (R) receiving the United Arab Emirates' Foreign Minister Sheikh Abdullah bin Zayed Al-Nahyan (L) in the capital Damascus
  • The visit is widely seen as a sign of regional efforts to end Assad's diplomatic isolation as Syria grapples with a spiralling economic crisis
  • The UAE broke ties with Syria, which is backed by the UAE's regional rival Iran, in February 2012

The United Arab Emirates’ top diplomat met Syria’s President Bashar al-Assad in Damascus Tuesday, state media said, in the first such visit by a top UAE official since Syria’s war began 10 years ago.

The visit is widely seen as a sign of regional efforts to end Assad’s diplomatic isolation as Syria grapples with a spiralling economic crisis caused by years of conflict and compounded by a spate of Western sanctions.

“President Assad received UAE Foreign Minister Abdullah bin Zayed,” and an accompanying delegation, the official SANA news agency said.

“During the meeting, they discussed bilateral relations between the two brotherly countries and ways to develop cooperation in different sectors that are of common interest,” SANA added.

The UAE broke ties with Syria, which is backed by the UAE’s regional rival Iran, in February 2012, as the repression of nationwide protests demanding regime change was escalating into a devastating war.

In December 2018, the UAE reopened its embassy in Damascus. This was followed by the Gulf country calling in March for Syria to return to the Arab League.