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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.

Israel PM again warns Iran after top diplomat talks of revising nuclear doctrine if more sanctions imposed

The renewed war of words between the Middle East foes came as Iran prepares to hold key nuclear talks with...
  • Israel is the region's sole, if undeclared, nuclear-armed state, and it has long made preventing any rival from matching it its top defence priority
  • Netanyahu said that the ceasefire that went into effect in Lebanon the following day would allow Israel to focus on Iran, but he did not elaborate on what action he envisaged

How are countries regulating the wild west of social media for minors?

Paris, France -- A handful of nations are trying to clean up social media with measures including robust privacy provisions and...
  • Among the countries taking action is Australia, which on Thursday passed a landmark law banning children under 16 from social media.
  • In June 2023 France passed a law requiring social media platforms to check the age of users and obtain parental consent for those under 15 years of age.

OPEC+ postpones meeting amid signs of ‘discord’ on output plans

The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy at...
  • An OPEC spokesman told AFP that the December meeting will be held online.
  • In a bid to boost crude prices, eight OPEC+ members announced earlier this month they were extending supply cuts until the end of December.

Iran says may end nuclear arms ban if sanctions reimposed

Iran is set to meet with Britain, France and Germany for talks on its nuclear program on Friday after the...
  • Iran is set to meet with Britain, France and Germany for talks on its nuclear program on Friday
  • For Tehran, the goal of the talks on Friday is to avoid a "double disaster" scenario

Palestinian leader Abbas lays ground for succession

Palestinian president Mahmud Abbas announced his replacement . Under current Palestinian law, the speaker of the Palestinian Legislative Council (PLC)...
  • Abbas, 89, still rules despite his term as head of the Palestinian Authority ending in 2009
  • The decree comes on the same day that a ceasefire entered into force in Lebanon

Car-centric Saudi to open first part of Riyadh Metro

Riyadh, Saudi Arabia - Saudi Arabia announced Wednesday it is ready to open the first part of the Riyadh Metro,...
  • Services will be provided by 183 trains with 448 carriages manufactured by Siemens of Germany, Bombardier of Canada and Alstom of France
  • The official Saudi Press Agency published a photograph of King Salman, who served as governor of Riyadh for nearly half a century, formally declaring that the project open

Trump’s tariff threats stoke global fears, prompting retaliation warnings from allies and rivals

US President-elect Donald Trump's sweeping tariff plans target Canada, Mexico, and China, raising fears of a global trade war, with...
  • The president-elect on Monday placed both allies and rivals on notice, vowing to quickly slap 25% on Canada and Mexico, and add a 10 percent tariff on China
  • Following through on that threat or his campaign promise of a 10 percent levy on all US imports - will have ripple effects across the global economy, analysts say

Adani Group says it lost nearly $55 billion as US bribery charges sparked rout

The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading...
  • Gautam Adani, 62, is suspected of having participated in the $250 million scheme in bribes to secure lucrative government contracts.
  • The conglomerate saw $150 billion wiped from its market value in 2023 after a report by short-seller Hindenburg Research accused it of "brazen" corporate fraud.

Five forgotten conflicts of 2024

he wars in the Mideast and Ukraine-Russia have dominated world headlines in 2024 but several other conflicts are ravaging countries...
  • The conflict in Sudan has left tens of thousands dead and some 26 million facing severe food insecurity
  • THe Democratic Republic of Congo has endured internal and cross-border violence for over 30 years

Samsung reshuffles leadership amid challenge in AI chips

Seoul, South Korea - Samsung Electronics reshuffled its leadership on Wednesday as it looks to gain an edge in the production...
  • On Wednesday it tapped vice-chairman Jun Young-hyun to lead its memory business and appointed Han Jin-man as the new boss of the chip foundry division
  • The reshuffle aims to "strengthen the company's growth and future competitiveness, focusing on the semiconductor business", Samsung said in a statement

Turkey, Iran leaders at Cairo summit urge action to address Gaza, Syria crises

Cairo, Egypt -- The leaders of Turkey and Iran were in Egypt on Thursday for a summit of eight Muslim-majority countries,...

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Crunch time for Saudi-hosted drought, desertification talks

Riyadh, Saudi Arabia -- Landmark talks on desertification are set to conclude in Saudi Arabia this week amid doubts that pledged funds...

South Korean police raid president’s office

#South #Korean police raided President #Yoon Suk #Yeol's office as part of the investigation into his declaration of #martial law....

New Syrian rulers pledge stability, accountability, and reconstruction after Assad’s ouster

Abu Mohammed al-Jolani, the Islamist leader who headed the rebel offensive, had previously announced talks on a transfer of power...

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Syria rebel leader vows to pursue former officials for torture, war crimes

Syria's Islamist rebel leader on Tuesday vowed to pursue former senior government officials responsible for torture and war crimes, a...
  • Israel continued launched air strikes destroying the former government's military capabilities
  • Baath party said it will support "a transitional phase in Syria aimed at defending the unity of the country."

European countries suspend Syrian asylum decisions after Assad’s fall

While Berlin and other governments said they were watching the fast-moving developments in the war-ravaged nation, Vienna signaled it would...
  • World leaders and Syrians abroad watched in disbelief at the weekend as Islamist-led rebels swept into Damascus
  • The Federal Office for Migration and Refugees had imposed a freeze on decisions for ongoing asylum decisions

UAE to introduce 15% tax rate on corporate profit from Jan 2025

Dubai, United Arab Emirates -- The United Arab Emirates, home to the regional headquarters of numerous multinational companies, said Monday it...
  • The move will bring the UAE in line with efforts towards a global minimum corporate rate.
  • The UAE, long considered a tax haven, last year began taxing the profits of companies worth more than 375,000 dirhams ($102,000) at nine percent.