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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.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Bitcoin passes $100,000 mark for first time, outshining wavering stock markets

Donald Trump, who has vowed to make the US the 'bitcoin and cryptocurrency capital of the world' wrote 'Congratulations Bitcoiners...You're...
  • The digital asset has now soared more than 50 percent since the election of Donald Trump, who has vowed to make the US the "bitcoin and cryptocurrency capital of the world."
  • The historic level was broken after Trump picked crypto proponent Paul Atkins to take over as chair of the Securities and Exchange Commission, the markets regulator.

South Korean president clings to power after martial law U-turn

South Korean President Yoon Suk Yeol was still clinging to power Thursday, with his party announcing they will oppose an...
  • South Korean police announced Thursday they were investigating Yoon for "insurrection"
  • A new poll by Realmeter showed 73.6 percent of respondents supported impeachment

OPEC+ expected to extend oil supply cuts to avoid drop in prices

Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per...
  • The supply cuts are only having a muted impact on the market, with US president-elect Donald Trump expected to adopt policies to boost US oil output
  • OPEC+ nations are holding back six million barrels of oil a day, including the 2.2 million barrels a day of output that they have been discussing putting back on the market

OECD warns of protectionism weeks before Trump return

While the organization raised its 2025 global growth forecast to 3.3 percent, it cautioned that "greater trade protectionism, particularly from...
  • Trump has threatened blanket tariffs of at least 10% on all imports and since his election has vowed to slap 25% import tariffs against Canada and Mexico, the US trade partners.
  • "Increases in trade-restrictive measures could raise costs and prices, deter investment, weaken innovation and ultimately lower growth," the OECD warned in its economic outlook.

France, Saudi Arabia to co-chair June meet on creating Palestinian state: Macron

The French president said they want to involve both European and non-European allies who are ready to move in this...
  • Macron said that France and Saudi Arabia have the "will to move forward" on a deal to sell Rafale fighter jets to the Kingdom.
  • Discussions had already been underway for Riyadh to acquire the French-made jets and, though no definitive announcement was expected during Macron's visit.

Seoul stocks sink amid S. Korea drama as Asian markets struggle

South Korean stocks sank more than two percent Wednesday while the won rebounded from earlier losses after President Yoon Suk...
  • The Kospi index shed as much as 2.3 percent at the open
  • The won tumbled more than three percent to a two-year low of 1,444 per dollar

Iran says ready to study any Syrian request for troops

Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive...
  • Iran and Syria have been close allies for decades and Iran has long provided military advisors to the Syrian armed forces
  • The Iranian government has been portraying the rebel assault as a US-Israeli plot to destabilise the Middle East

Qatar to invest 1 bn pounds in climate technologies with UK

London, United Kingdom - The British government said Wednesday that it has agreed to a partnership with Qatar that will see...
  • British industrial group Rolls-Royce, which manufactures aircraft engines, will receive investments for programs dedicated to energy efficiency, the statement said
  • Qatar's investments in the British economy are estimated at over 40 billion pounds and the emirate indicated in 2022 that it intends to invest another 10 billion pounds by 2027

Tech firms aiming for smaller, leaner AI models

Smaller AI models save energy, reduce costs, and enhance data security but work alongside large models for advanced solutions.

Macron attends PIF-hosted Riyadh One Planet Sovereign Wealth Funds meet

Riyadh, Saudi Arabia -- French President Emmanuel Macron and over 100 CEOs besides members of OPSWF, asset managers, and private...
  • Discussions at the summit focused on the pivotal role of sovereign wealth funds as global investors in addressing climate challenges among others.
  • Key action tracks were identified to enhance investment decision-making for climate action, boost efficiency and impact within the global financial system.

Biden cancels $4.28 bn more in student debt before leaving office

Washington, United States -- US President Joe Biden said Friday he was canceling student loans for an additional 55,000 Americans, which...

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Tunisia’s president announces constitutional referendum

Kais Saied presented a roadmap for restoring democratic institutions, and announced a nationwide public consultation from January 1 until March...

IMF says Omicron could slow global growth

According to the economists, Omicron's threat to economy will likely be less severe than the previous waves.

Boeing to boost 787 production

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

Asian markets retreat as China pledges fail to spark excitement

Asian markets fell Friday as China's latest vows to boost the beleaguered economy failed to stir much excitement, while traders...

G7 meeting to address Syria’s challenges following Assad’s ouster

Damascus, Syria - G7 leaders will meet virtually Friday to discuss the momentous changes underway in Syria, where the interim government...

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‘A matter of pride’: Saudis rejoice as World Cup bid approved

Riyadh, Saudi Arabia -- Fireworks and drones depicting the iconic golden World Cup trophy lit up the sky in Saudi Arabia's...
  • Sports are a major component of the Vision 2030 reform agenda overseen by Crown Prince Mohammed bin Salman, which aims to diversify the economy of the world's top oil exporter.
  • Sports Minister Prince Abdulaziz bin Turki Al-Faisal said Saudi Arabia was "opening up to the world" and could help football grow globally.

54 journalists killed in 2024, a third by Israel: media group

Fifty-four journalists were killed worldwide while carrying out their work or because of their profession in 2024, a third of...
  • Israeli forces were responsible for the deaths of 16 journalists in Gaza and two in Lebanon
  • Israel admits that some have been killed in air strikes on military targets

Transition in Syria: New PM says will ‘guarantee’ rights of all religious groups

With Assad's overthrow plunging Syria into the unknown, its new rulers have sought to assure religious minorities that they will...
  • Assad fled Syria after a lightning offensive spearheaded by the Islamist Hayat Tahrir al-Sham (HTS) group and its allies, which ended five decades of rule by his clan
  • Syrians across the country and around the world erupted in celebration, after enduring a stifling era during which anyone suspected of dissent could be thrown into jail or killed