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Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Journalist among 6 freed by Egypt amid criticism of rights record

US had warned Egypt that targeting rights campaigners would be a factor in arms sales

Economy in focus as Assad retains Syria’s presidency for fourth term

President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...

France announces aid conference for Lebanon as Hariri quits bid to form govt

Lebanon faced yet more misery Friday after the failure of premier-designate Saad Hariri to form a government, and as France...

Lebanese economy in a fix as PM-designate Hariri steps down

Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting...

Official reiterates Saudi resolve to protect rights after meeting US, EU envoys

Saudi Arabia's Human Rights Commission (HRC) chief Awwad bin Saleh Al-Awwad in a meeting with US and EU diplomats has...

UAE opens embassy in Tel Aviv in latest normalization move

The UAE opened an embassy in Israel on Wednesday in Tel Aviv's new stock exchange building as part of the...

Egypt law approves dismissal of anti-govt public workers

Egypt's parliament on Monday authorised the dismissal of public workers listed as government opponents and "terrorists", lawmakers said.

Jordan’s ex-officials get 15-year jail term over ‘coup plot’

A Jordanian court on Monday sentenced two former officials to 15 years in jail over a palace coup attempt that...

Verdict day in Jordan ‘coup plot’ trial

Former royal court chief have been charged with conspiring with Prince Hamzah to have him replace his half-brother, King Abdullah...

Iraqi tribe threatens to shut down French consulate in Nasiriyah

An Iraqi tribe based in Nasiriyah has threatened shut down the French Consulate in the Southeastern city The al-Husseinat Tribe’s...

Opposition retains majority in Kuwait parliament post elections

Kuwait City, Kuwait - Opposition lawmakers maintained a majority in Kuwait's parliament, results showed Friday, after the Gulf state's third parliamentary...

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Kuwait, UN sign MoU to enhance cooperation in counter terrorism

NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...

Three killed in Syria by Turkish drone attack

QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid...

Exiled Iranian opposition outraged after Paris police block proposed rally

PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for...

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Kuwait forms new government led by Sheikh Ahmad Nawaf al-Sabah

Kuwait - Kuwait on Sunday formed a new government led by the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah....
  • Saad Al Barrak was named as oil minister, replacing Bader Al-Mulla and Manaf Abdulaziz Al Hajri was reappointed as Finance Minister.
  • The outgoing government had resigned following parliamentary elections held earlier this month in the Gulf OPEC oil producer

Netanyahu vows to continue with controversial judicial reforms

JERUSALEM- Israeli Prime Minister Benjamin Netanyahu vowed on Sunday to advance the government's controversial judicial reforms, which have seen his...
  • The reform package unveiled in January has been waylaid in recent months by demonstrators who have gathered weekly in their tens of thousands.
  • Speaking Sunday, Netanyahu pledged to press forward with the judicial reforms "in a measured and responsible way" without giving further details.

Algeria court increases prison term for media leader

An Algerian court of appeal increased to seven years the prison term issued to a prominent media boss, but suspended...
  • Ihsane El Kadi did not receive any money from "foreigners or a foreign" group as claimed by authorities, the defense attorney said.
  • The verdict adds two years to an initial sentence handed down to El Kadi in April by a lower court for "foreign financing of his business".