logo
Brics leaders condemn attacks on Iran and tell Israel to leave Gaza

Brics leaders condemn attacks on Iran and tell Israel to leave Gaza

The National7 hours ago
Brics leaders condemned US and Israeli attacks on Iran and called on Prime Minister Benjamin Netanyahu's government to withdraw troops from the Gaza Strip, urging 'just and lasting' solutions to conflicts across the Middle East.
In a joint statement released early on Monday morning, leaders gathered in Brazil agreed to denounce military strikes against Iran, a Brics member, since June 13, when Israel began attacks that culminated with US airstrikes nine days later.
The strikes 'constitute a violation of international law and the Charter of the United Nations,' according to the declaration.
The 10-member bloc of emerging-market nations also expressed 'grave concern about the situation in the Occupied Palestinian Territory' — citing Israeli attacks and the obstruction of the entry of humanitarian aid into Gaza, something Israel denies — while calling for a permanent and unconditional ceasefire, along with the release of all hostages.
The language is part of a broader call for global multilateral institutions, including the United Nations Security Council, to promote peaceful resolutions to ongoing military conflicts in the Middle East, Africa and Europe.
While it doesn't single out the US, it is likely to be seen as an unwelcome intervention in Israeli affairs as Netanyahu prepares to meet US President Donald Trump at the White House on Monday, Bloomberg reported.
'South Africa remains gravely concerned at the deteriorating peace and security situation in the Middle East,' President Cyril Ramaphosa told fellow leaders during his opening statement Sunday in Rio de Janeiro.
'The recent attacks by Israel and the United States on the Islamic Republic of Iran raise serious concerns of international law, including the principles of sovereignty, territorial integrity and the protection of civilians.'
Defence spending and tariffs
Brics leaders additionally 'express alarm' at the current trend of 'a critical increase in global military spending.'
That's another clash with Trump's demand that Nato countries raise defence spending to 5 per cent of gross domestic product, a request that was met at last month's summit of alliance members in The Hague with a particular focus on facing down aggression by Russia, a founding Brics member.
Brics leaders also expressed 'serious concerns' about the rise of unilateral tariff and non-tariff measures, which distort trade and are inconsistent with WTO rules,' again without mentioning the US.
Brazilian President Luiz Inacio Lula da Silva, who is hosting the two-day summit, opened Sunday's session by reiterating the group's longstanding calls to reform the Security Council to make it more representative of the Global South.
The Brics bloc, named for Brazil, Russia, India, China and South Africa, recently expanded to add Indonesia, Ethiopia, the United Arab Emirates, Iran and Egypt as members, an effort to increase its clout in global affairs long dominated by Washington and the West.
'Brics is increasingly shaping global debates on development, multipolar governance and security matters,' Mr Ramaphosa said in his remarks. 'We must continue to advocate for the urgent intensification of diplomatic efforts to de-escalate tensions and ensure sustainable and lasting peace.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi: Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn
Saudi: Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn

Zawya

time34 minutes ago

  • Zawya

Saudi: Almarai sees 5% higher profits in H1-25; sales exceed SAR 11bn

Riyadh – Almarai Company logged net profits amounting to SAR 1.37 billion in the first half (H1) of 2025, an annual growth of 5.04% from SAR 1.31 billion. The revenue climbed by 4.16% year-on-year (YoY) to SAR 11.05 billion in H1-25 from SAR 10.61 billion, according to interim financial results. Earnings per share (EPS) increased to SAR 1.39 in the first six months (6M) of 2025 from SAR 1.33 in H1-24. Quarterly Results In the second quarter (Q2) of 2025, Almarai generated 4.38% YoY higher net profit at SAR 646.86 million, compared to SAR 619.69 million. The company's revenues surged by 2.59% to SAR 5.28 billion in Q2-25 from SAR 5.15 billion a year earlier. Quarter-on-quarter (QoQ), the Q2-25 net profit dropped by 11.53% in Q2-24 from SAR 731.19 million in Q1-25, while sales fell by 8.30% from SAR 5.76 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (

11,900 new homes to be delivered in Abu Dhabi by year end, but demand for residential real estate could outstrip supply
11,900 new homes to be delivered in Abu Dhabi by year end, but demand for residential real estate could outstrip supply

Zawya

time34 minutes ago

  • Zawya

11,900 new homes to be delivered in Abu Dhabi by year end, but demand for residential real estate could outstrip supply

Apartment sales dominate, villas gain ground in UAE capital Dubai – Abu Dhabi is set to add 11,900 new homes to its residential real estate inventory by the end of 2025, but population growth and increased investor interest could mean that demand for housing outpaces supply, according to new insight from leading real estate advisory and property consultant, Cavendish Maxwell. The UAE capital delivered 600 new residential properties in Q1 this year, meaning a total 12,500 new homes will come to the market by the end of 2025. Another 7,000 are in the pipeline for Abu Dhabi in 2026, Cavendish Maxwell said. Cavendish Maxwell's latest report on the Abu Dhabi residential real estate sector also shows that in Q1 2025: Sales values reached AED3.7 billion across 1,300 transactions Buyers paid an average AED2.5 million per property – the highest quarterly value since Q1 2022 Apartment prices were up 12.3% on last year, and 4% quarter-on-quarter; villas were 12.5% and 2.4% respectively Ready property transactions increased year-on-year and are most in demand, accounting for 900 transactions worth a total AED2.3 billion Mortgage values hit AED1.7 billion across 800 loans While ready property volumes and values were up compared to the same period last year, they were down quarter-on-quarter, potentially reflecting reduced activity post-festive season and less trading during Ramadan and Eid Andrew Laver, Cavendish Maxwell Associate Director – Abu Dhabi, said: 'The UAE capital is seeing a notable shift towards the secondary residential market, with sustained demand for ready homes and fewer off-plan project launches compared to previous quarters. The average sales transaction reached a record AED2.5 million in Q1, with encouraging signs of broader price appreciation – a trend we expect to continue in the months ahead. Robust bank activity and strong project delivery during the early part of the year underscore the resilience and dynamism of the Abu Dhabi real estate sector.' Transaction trends … There were 1,300 residential real estate transactions in Q1, with sales values reaching AED3.7 billion. The majority – 900 – of these were for ready units, with off-plan properties accounting for 400 deals. Off-plan activity declined year-on-year and quarter-on-quarter, mainly because of fewer off-plan launches. Sales of ready properties increased year-on-year. As would be expected, the reduction in transaction volumes was mirrored by a decline in sales values. Despite the slowdown, the average ticket price on ready sales hit AED2.5 million – the highest recorded value since Q1 2022. … and sales price stats Apartments, villas and townhouses all saw price increases of over 12% year on year. Quarter-on-quarter, apartment prices were up 4.1% and villas/townhouses 2.4%. Buyer activity continues to be driven by growing investor confidence, end-user interest, a stable macroeconomic environment and competitive rental yields. In addition, initiatives from Abu Dhabi Government and developers – including flexible payment plans, infrastructure development, long-term residency options and schemes to enhance quality of life in the capital – are stimulating real estate sales and supporting price growth. Hot locations The biggest prices rise for villas was in Yas Island (15.5% year-on-year, 3.5% quarter-on-quarter), followed by Saadiyat Island (1.0% and 2.3%). Al Reef prices rose 4.4% and 2.6% respectively. Villas and town houses gain ground While apartment sales continue to dominate Abu Dhabi's residential sector, their market share fell year-on-year, indicating a shift towards villas and townhouses, whose market share showed both an annual and quarterly increase. Growing demand for villas and townhouses is largely from end-users, and in particular from families potentially seeking more space, a garden and place to live long-term. More mortgages for villas AED1.7 billion worth of mortgages across 800 individual loans were secured in Q1, with transactions on villas and town houses up almost 60% year-on-year and 3.5% compared to the previous quarter, reinforcing higher demand for these properties and a shift towards end-users. By contrast, there was a decline in mortgage lending for apartments. About Cavendish Maxwell Cavendish Maxwell is one of the Middle East's leading real estate advisory groups and property consultants, with offices in Dubai, Abu Dhabi, Sharjah, Ajman, Kuwait City and Muscat. The company is a member of the Royal Institution of Chartered Surveyors (RICS) and offers a full range of property-related services, including valuation, strategic advisory, research, project and building consultancy and investment and commercial agency expertise. With a team of experienced professionals and a commitment to delivering exceptional service, Cavendish Maxwell has established itself as a trusted advisor in the regional real estate market.

Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%
Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%

Zawya

time34 minutes ago

  • Zawya

Taaleem Holdings generates higher profits in 9M-24/25; revenues up 18.5%

Dubai – Taaleem Holdings logged net profits valued at AED 242.25 million in the first nine months (9M) of fiscal year (FY) 2024/2025, an annual rise of 7.60% from AED 225.19 million. Basic and diluted earnings per share (EPS) amounted to AED 0.24 in 9M-24/25, up year-on-year (YoY) from AED 0.23 at the end of May 2024, according to the financial results. Meanwhile, the revenues surged by 18.50% YoY to AED 984.17 million at the end of May 2025 from AED 830.72 million. Financials for Q3-23/24 In the third quarter (Q3) of FY24/25, Taaleem Holdings generated lower net profits at AED 82.02 million, compared to AED 86.37 million a year earlier. Revenues hiked to AED 335.42 million in Q3-24/25 from AED 282.07 million in Q3-23/24, while the EPS dropped AED 0.08 from AED 0.09. Alan Williamson, CEO of Taaleem Holdings, commented on the group's performance: 'We accelerated investment across our platform, with CAPEX reaching AED 600.30 million, or 61% of operating revenue, as we invested in acquisitions, new schools, and existing schools.' 'This was supported by an increase in total debt to AED 551.20 million, in line with our growth strategy, while our financial position remains strong with net debt at just AED 17.40 million,' Williamson added. 'We have the asset-light acquisition of KFG, poised to benefit from rising demand in the early education segment while maintaining financial prudence. With our acquisitions and expansions on track, we remain firmly focused on expanding our impact across the UAE's education landscape.' All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store