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GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.

Covestro accepts ADNOC takeover bid

The deal values German chemicals group at $13.3bn.

Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.
  • EU worried Red Sea attacks could spark inflation

    European Union economy commissioner Paolo Gentiloni warned that violence in the Red Sea sparked by Houthi attacks on shipping could...

    Gentiloni said that "what is happening in the Red Sea... is not for the moment apparently creating consequences on energy prices and inflation".

    Tensions in the Red Sea have soared after the United States and Britain carried out strikes on Houthi rebels in Yemen.

  • Gaza war deaths top 24,000 as UN chief calls for ceasefire again

    Bringing food and supplies to the besieged population of Gaza, which is increasingly at risk of famine, also depends on...

    In a statement released with the video, Hamas said "the Zionist army's bombing" was responsible for the death of two male hostages.

    King Abdullah II of neighboring Jordan warns that continuing Israeli attacks could cause the conflict to expand across the region.

  • UN wants $4.2 billion for Ukraine’s humanitarian aid in 2024

    "Remember Ukraine?" UN aid chief Martin Griffiths asked as he launched the plan in Geneva. "Please do not forget Ukraine...

    Russia's war in Ukraine is set to enter its third year in February and the UN said it was vital to maintain support to millions affected by war

    The UN hopes to reach 8.5 million people within Ukraine and 2.3 million refugees and their host communities in eastern Europe

  • Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City

    RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...

    Upon opening, the stadium is anticipated to host some of Saudi Arabia’s biggest sports, entertainment, and cultural events.

    It aims to draw visitors from across the globe and revolutionize the traditional stadium experience with its immersive design.

  • IMF chief at Davos: AI holds risks, opportunity for global economy

    Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...

    "We must focus on helping low-income countries in particular to move faster to be able to catch the opportunities that artificial intelligence will present," Georgieva told AFP.

    Georgieva said 2024 is likely to be "a very tough year" for fiscal policy worldwide, as countries look to tackle debt burdens accumulated during the Covid-19 pandemic.

  • Saudi Arabia, China ink MoU in accounting and auditing

    RIYADH, SAUDI ARABIA – The Kingdom and the People’s Republic of China signed on Monday in Beijing a memorandum of...

    The MoU is similar to other agreements that GCA has reached with counterpart organizations in different countries.

    These agreements underscore GCA's elevated professional standing, at both regional and international levels.

  • Record demand for Dubai luxury homes despite rising prices

    Dubai, UAE - Dubai saw record-breaking sale prices throughout 2023, with super-luxury residences selling for up to US$4,000 (AED14,692) per...

    High-net-worth buyers have been flocking from continental European countries like the U.K., France, and Germany to relocate to Dubai

    In 2023, average residential prices in Dubai rose 16.9% in the first two quarters, according to CBRE’s UAE Real Estate Market Review

  • World’s five richest men doubled their fortunes since 2020: Oxfam

    A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week,...

    Billionaires are today $3.3 trillion richer than they were in 2020, despite many crises devastating the world's economy since this decade began, including the Covid pandemic.

    With riches among the world's wealthiest increasing the way they are, Oxfam predicted that within a decade the world will see its first "trillionaire".

  • Israeli forces kill five Palestinians in West Bank

    Violence has surged in the West Bank since October 7, when the Palestinian armed group Hamas launched an attack in...

    Troops chased a car that had run a checkpoint near the city of Hebron and "fired toward the terrorists and neutralized them", the Israeli army

    Palestinian health ministry in Ramallah confirmed the men were killed, while the Palestinian Red Crescent Society said it had received their bodies

  • Fresh Israeli bombardment across Gaza kills dozens

    Gaza's health ministry said that more than 60 people were killed and dozens wounded in "intense" strikes and artillery fire...

    The latest strikes hit Khan Yunis and Rafah and areas around Gaza City

    The UN says fighting has displaced roughly 85% of the territory's population