INSEAD Day 4 - 728x90

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.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

US President delays trip to Saudi Arabia, Israel

The White House says Biden intends to reset relations with Riyadh. AFP
  • Biden reportedly planned to go ahead with the long-rumored Saudi stop during an upcoming overseas tour at the end of June
  • He is also widely expected to travel to Israel where, as in Saudi Arabia, he is sure to face pointed questions about slow-moving US diplomacy with the two countries' rival, Iran

US President Joe Biden has pushed back a possible trip to Israel and Saudi Arabia, US media reported Saturday.

Biden reportedly planned to go ahead with the long-rumored Saudi stop during an upcoming overseas tour at the end of June. But according to CNN and NBC, he has postponed the visit back to July.

The White House declined to comment on the potential delay.

The reported decision came shortly after Saudi Arabia addressed two of Biden’s priorities by agreeing to a production hike in oil — which could help tame rocketing US inflation — and helping extend a truce in war-battered Yemen.

The trip would reportedly happen around the time Biden travels to a NATO summit in Spain and Group of Seven summit in Germany later this month.

He is also widely expected to travel to Israel where, as in Saudi Arabia, he is sure to face pointed questions about slow-moving US diplomacy with the two countries’ rival, Iran.

Biden, who prides himself as a champion of democracy against authoritarian regimes, has decided to reassess relations with Riyadh, placing a greater emphasis on human rights in his diplomacy.

But soaring gas prices, due to supply chain snarls exacerbated by Russia’s invasion of Ukraine, have infuriated Americans and sent Biden’s popularity plummeting.

Biden’s administration is seeking to convince Saudi Arabia to increase its oil production in the hope that this will help ease supply shortages and bring down prices at the pump.