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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.

Gaza children fly kites to escape horrors of war

RAFAH, PALESTINIAN TERRITORIES – Meters away from the concrete and steel fence separating the Gaza Strip from Egypt, 11-year-old Malak Ayad flies a...

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

India’s solar mission Aditya-L1 enters Sun’s orbit

New Delhi, India - India's solar observation mission on Saturday entered the Sun's orbit after a four-month journey, the latest success...
  • The Aditya-L1 mission was launched in September and is carrying an array of instruments to measure and observe the Sun's outermost layers.
  • The latest mission by the Indian Space Research Organization is the first by any Asian nation to be placed in orbit around the Sun.

Google Chrome begins restricting cookies in first step towards elimination

Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
  • Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
  • Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.

FAO says global food prices fell 13.7 percent in 2023

World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...
  • Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.
  • The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.

Foreign governments paid Trump firms millions as president, claims US report

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
  • The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
  • The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.

UAE participates in UN Peacekeeping Ministerial Meeting in Ghana

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
  • The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
  • The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.

Iranian warship enters Red Sea, reports media

TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported...
  • The news agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated in the area since 2009.
  • According to the International Chamber of Shipping, 12 percent of global trade passes through the Red Sea

UNSC committee adopts guiding principles on use of UAS for terrorist purposes

NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and...
  • The document is the first of its kind at the United Nations to address the increasing challenges posed by UAS in the context of counter-terrorism.
  • As the current chair of the Counter-Terrorism Committee, the UAE facilitated this crucial initiative, reflecting its commitment to global peace and security.

From climate action to global aid: Inside UAE’s remarkable year

Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...
  • UAE launched ALTÉRRA, the world’s largest private investment climate action vehicle, aimed at raising and mobilizing an additional $250bn for climate action.
  • Despite global headwinds, CBUAE projects 3.3 percent year-on-year growth projected for the UAE economy in 2024.

5 WEF reports shaping your 2024 agenda

From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...
  • Buffeted by a global energy crisis, inflationary pressures and geopolitical instability, the move to clean energy has faced a challenging time.
  • This year's top 10 emerging technologies will likely become increasingly familiar in the years ahead as they help tackle some of our biggest challenges.

Gaza children fly kites to escape horrors of war

RAFAH, PALESTINIAN TERRITORIES – Meters away from the concrete and steel fence separating the Gaza Strip from Egypt, 11-year-old Malak Ayad flies a...

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Cryptocurrency Ether witnesses meteoric rise since launch

NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...

Thousands rally in London seeking a truce in Gaza

London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...

Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn

AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...

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Iran hits out at UN experts report on 2022 protests

TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...
  • International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".
  • The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

Saudi Tourism Authority, Trip.com Group sign global agreement

BERLIN, GERMANY – Saudi Tourism Authority (STA) and Trip.com Group have announced a significant global partnership, which will drive greater...
  • The joint effort aims to bring over 350 thousand additional tourists to Saudi over the course of the agreement.
  • The partnership is vital as it coincides with exceptional growth and transformation in the global tourism industry.

US President orders military to set up a port in Gaza for aid, say officials

President Joe Biden will tell Congress that he has ordered the US military to set up a port in Gaza...
  • US officials said the "significant capability will take a number of weeks to plan and execute".
  • US officials were careful to stress that American troops would not be on the ground in Gaza.