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Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

UN probe says women, children comprise the majority of Gaza war dead

In a fresh report, the United Nations Human Rights Office (OHCHR) detailed a raft of violations of international law. Many...
  • "Civilians in Gaza have borne the brunt of the attacks, including through the initial 'complete siege' of Gaza by Israeli forces," the UN said.
  • "Conduct by Israeli forces has caused unprecedented levels of killings, death, injury, starvation, illness and disease."

Who will staff Trump’s Govt? A look at top contenders, with Elon Musk among the likely picks

Tesla CEO Elon Musk could head a new "Department of Government Efficiency," promising $2 trillion in federal budget cuts and...
  • "There are some people that will be returning (from Trump's first term)," senior Trump aide Jason Miller told Fox Business. "And there'll be some new people joining the mix."
  • Linda McMahon, a former CEO of World Wrestling Entertainment, and Howard Lutnick, the founder of the brokerage firm Cantor Fitzgerald, are leading the transition process

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.
  • The airline group, operating from the world's busiest airport for international traffic, has faced regional disruptions due to the conflicts, but has expanded its network elsewhere
  • Group revenue rose 5.0 percent to $19.3 billion on "consistently strong customer demand across business divisions, and across regions", the statement said.

Lebanon MPs demand UN protection of heritage sites from Israel attacks

The Lebanese MPs called on Azoulay to "urgently prioritize the protection of these historic sites by mobilizing UNESCO’s authority.
  • "During the devastating war on Lebanon, Israel has caused grave human rights violations and atrocities," the lawmakers said
  • Lebanon is home to six UNESCO World Heritage sites, including Roman ruins in Baalbek and Tyre

Trump victory reflects Arab-American support, Netanyahu discusses Iran with him amid lingering regional conflict

In a unique campaign twist, Trump captured Muslim voters by pledging diplomacy, promising to end prolonged conflicts and promote stability,...
  • His new Muslim supporters are celebrating his victory and confident he will deliver despite Israel, led by his close ally Benjamin Netanyahu
  • But during this campaign, Trump touted his status as Israel's strongest friend, saying Biden should let Israeli Prime Minister Netanyahu "finish the job" against Hamas in Gaza

US Fed expected to look beyond Trump win and cut rates again

The labor market has remained resilient, despite a sharp hiring slowdown last month due to adverse weather conditions and a...
  • Fed policymakers are expected to focus instead on the health of the US economy
  • Their favored inflation gauge eased to 2.1 percent in the 12 months to September

What impact will Donald Trump have on the world economy?

Paris, France -- Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with...
  • During his first term in office from 2017 to 2021, Trump often resorted to punitive tariffs in disputes with trade partners.
  • Donald Trump's policies could also rekindle inflation, which cooled following a series of interest-rate hikes that the Federal Reserve began to unwind this year.

Trump wins White House in stunning comeback

The polarizing Republican's win, following one of the most hostile campaigns in modern US history, was all the more remarkable...
  • As supporters chanted "USA!", the 78-year-old added that his "magnificent" win would "allow us to make America great again
  • World leaders swiftly pledged to work with Trump, led by Israel and Ukraine where the course of raging conflicts could depend on the new presiden

Republicans seize control of US Senate: networks

Republicans wrested the US Senate from Democratic control, ending four years in the minority, in its quest to dominate every...
  • Republicans reversed the Democrats' 51-49 Senate advantage with at least 51 seats and counting
  • If Republicans win all of the toss-up races, they'll end the election with 55 of the 100 seats

Netanyahu sacks defense minister Gallant over differences on Gaza

Citing a “trust breakdown,” Netanyahu dismissed Defense Minister Gallant amid the Gaza conflict, sparking Tel Aviv protests, as new defense...
  • Netanyahu and Gallant have frequently clashed over Israel's military offensive against Hamas following the Palestinian militant group's attack on Israel on October 7 last year
  • Israel's campaign has killed 43,391 people in Gaza, a majority of them civilians, according to Gaza health ministry figures which the United Nations considers to be reliable

Pope again condemns ‘cruelty’ of Israeli strikes on Gaza

"And with pain I think of Gaza, of so much cruelty, of the children being machine-gunned, of the bombings of...

Latest News

UK Prime Minister to talk trade, Middle East during Gulf visit

London, United Kingdom -- Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking...

Trump touts tariffs, mass deportations and NATO skepticism

In his first formal television interview -- and just six weeks before he takes office -- Trump again signaled that...

Celebrations erupt across Syria to mark end of 50 years of Baath party rule

Bashar al-Assad's whereabouts not clear, but his key backer Russia said he had resigned from the presidency and left Syria....

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Turkey confirms Syria talks with Russia and Iran

A meeting was expected on the forum's sidelines between Turkey, and Damascus allies Iran and Russia.
  • Turkey's Foreign Minister Hakan Fidan "will meet with the Russian and Iranian ministers"
  • The so-called Astana process involving the three countries was launched by Kazakhstan in 2017

World Bank announces record $100 bn support for world’s poorest countries

The World Bank announced Thursday that it had raised close to $24 billion to provide loans and grants for some...
  • The Bank can use this money to borrow on financial markets
  • This funding will be deployed to support the 78 countries that need it most

Qatar resumes Gaza mediation: source with knowledge of talks

Doha, Qatar - Qatar has resumed its role as a mediator in efforts to secure a truce in the Israel-Hamas war...
  • The Gulf emirate, along with the US and Egypt, had been involved in months of unsuccessful negotiations for a Gaza truce and hostage release after nearly 14 months of war
  • In November, Doha announced it had put its mediation on hold, saying it would resume when Hamas and Israel showed "willingness and seriousness".