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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Saudi Arabia, CARICOM countries hold first summit for strategic partnership

RIYADH, SAUDI ARABIA - Since its foundation, the Kingdom has been keen to build bridges of communication with all the...
  • The convening of the summit will contribute to mutual support for various global nominations of the Kingdom and CARICOM, including Saudi Arabia's bid to host Expo 2030.
  • It will enhance coordination on regional and international issues of common interest, boosting tourism cooperation, and highlighting Saudi Arabia's tourist attractions.

Nations start negotiations over global plastics treaty at Nairobi meet

Nairobi, Kenya -- Nations grappling with the plastic "suffocating" nature and leaching into food and the human body began fresh...
  • Around 60 so-called "high ambition" nations have called for binding rules to reduce the use and production of plastic
  • Kenyan President William Ruto described plastic pollution as "an existential threat to life, to humanity and everything in between."

Dubai Airshow 2023 to see 1,400 exhibitors from 95 countries

DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense...
  • More than 1,400 exhibitors from 95 countries and over 300 international speakers will gather at the at Dubai World Central.
  • Dubai Airshow 2023 is also set to welcome leading and new airlines from across the globe, ready to showcase new concepts to the industry.

Arab, Muslim leaders summit condemns Israel over Gaza offensive

Arab and Muslim leaders condemned Israeli forces' "barbaric" actions in Gaza but declined to approve punitive economic and political steps...
  • The summit took place against a backdrop of widespread anger in the Middle East and beyond over Israel's aerial and ground offensive in Gaza.
  • Israel's offensive in Gaza killed over 11,000 people, mostly civilians and many of them children, according to the Hamas-run health ministry.

Israel faces global calls to protect civilians in Gaza

The suffering and death in Gaza has prompted growing calls for a halt in five weeks of fighting in order...
  • The Gaza health ministry says Israeli fighting has killed more than 11,000 people, also mostly civilians and many of them children
  • Almost 1.6 million people have been internally displaced since October 7, the UN agency for Palestinian refugees (UNRWA) said

European Euclid space telescope unveils first images

Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's...
  • Euclid blasted off in July on the world's first-ever mission aiming to investigate the enduring cosmic mysteries of dark matter and dark energy.
  • The first five images were unveiled during a press conference at the European Space Operations Centre in Darmstadt, Germany.

UN calls for overhaul of financial system to help poorest countries

The UN called for an overhaul of the global financial system to help the world's poorest countries and their struggle...
  • The 46 so-called least developed countries, or LDCs, suffered a sharp economic slowdown in the first years of the COVID-19 pandemic.
  • As a consequence of the economic slowdown, an additional 15 million people have been pushed into extreme poverty, the UN body said.

Record number of patent applications filed globally in 2022, says WIPO

GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an...
  • China, the US, Japan, Republic of Korea and Germany were the countries with the highest numbers of patent filings in 2022.
  • innovators from around the world submitted 3.46 million patent applications in 2022, marking a third consecutive year of growth.

Fertiglobe Q3 revenue of $525m

The firm recently launched steps to optimize its cost structure.
  • In the third quarter, nitrogen prices reflected tighter market balances due to record low inventory levels.
  • In the medium to longer term, the nitrogen outlook is favorable, with limited supply additions over the next several years.

Stocks extend global rally as US jobs data cements rate hopes

Hong Kong, China - Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned...
  • All three main indexes on Wall Street jumped Friday after the jobs reading, which also fueled bets on an interest rate cut by June.
  • Asian markets tracked the rally in New York, with Tokyo more than two percent higher, while Hong Kong, Wellington, Manila and Jakarta were up more than one percent

Russia says ‘evidence’ links Ukraine to Moscow attack

MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...

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EU queries Meta about ad-free subscriptions, shadow banning

BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...

Hamas says Israeli military action kills 7 hostages in Gaza

Hamas said that seven more hostages seized during its unprecedented attack on southern Israel on October 7 had died because...

Energy-related global CO2 emissions hit record levels in 2023, says IEA

PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...

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Global criticism of Israel after ‘massacre’ of Gazans lining for food

Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a...
  • Iran denounced "the barbaric attack by the Zionist regime", China said it was "shocked", and head of the Arab League said the "brutal" act showed "total contempt for human life".
  • Saudi Arabia strongly condemned what it called the "targeting" of unarmed civilians, while Kuwait and the UAE also issued condemnations.

WTO ministers struggle to forge deals as talks go into overtime

ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...
  • The meeting opened with disagreements between the body's 164 member states on key issues that dominated the agenda of the talks.
  • They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.

Iran launches imaging satellite Pars 1 from Russia

Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...
  • Iran’s Telecommunications minister said "Pars-I" was "fully domestically developed" in his country.
  • In August 2022, Russia launched Iran's remote-sensing Khayyam satellite into orbit from Kazakhstan.