Search Site

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.
  • Turkey and Gulf nations condemn US, UK airstrikes on Yemen

    "First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...

    Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia

    Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

  • CBUAE cancels license of First Insurance Brokers Company

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...

    The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.

    The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

  • China implores all sides to prevent Yemen conflict expanding

    Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...

    China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea

    She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding

  • US and UK target Houthi radar, missile capabilities

    US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...

    Houthis said their forces will continue targeting Israel-linked ships in the Red Sea

    A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six

  • Gaza devastated and ‘largely depopulated’ as war nears 100 days

    GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest...

    Many thousands of strikes have rained down on the long-blockaded and densely populated Mediterranean coastal strip

    Much of northern Gaza has been reduced to a dusty wasteland and largely depopulated as Israeli troops have launched ground invasion

  • McIlroy surges into two-shot lead at Dubai Invitational

    DUBAI, UAE -  Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...

    The world number two is playing his first event since the DP World Tour Championship last November.

    McIlroy made headlines earlier this week when he claimed a "world tour" was his "dream scenario" for golf.

  • NEOM announces Aquellum as futuristic lifestyle community

    NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...

    Aquellum is hidden within a breathtaking 450-meter-high mountain range.

    The subterranean digitalized community creates vibrancy and interconnectivity.

  • Israel bombs Gaza as Blinken says no regional escalation

    As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...

    In Cairo, Blinken met with Egyptian President Abdel Fattah al-Sisi, a key mediator in efforts to end the war sparked by Hamas's October 7 attacks on Israel.

    Blinken outlined a possible post-war future for Gaza on Wednesday after meeting Palestinian president Mahmud Abbas.

  • Saudi Arabia signs MoUs with four countries for development in mining industry

    RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...

    The roundtable highlighted the need for governments and industry to achieve economic and social development for local communities.

    A total of 79 governments, 13 international organizations, 15 NGOs and seven business associations took part in the roundtable.

  • Iran’s navy seizes oil tanker off Oman in dispute with US

    The announcement came hours after a British-navy maritime security agency said armed men boarded the Greek-owned, Marshall Islands-flagged St Nikolas...

    Iran has responded with tit-for-tat measures in the past after seizures of Iranian oil shipments. US sanctions target Iranian oil sales in a bid to reduce Iran's energy exports.

    The Islamic republic has been under crippling US sanctions reimposed following Washington's 2018 withdrawal from a landmark nuclear deal.