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.
  • International forces respond to drone reports in Red Sea: UK agency

    The Houthi rebels say they are acting in support of Hamas, targeting Israel and Israeli-linked vessels to push for a...

    The agency said the incident had taken place about 50 nautical miles west of Yemeni port

    Houthis have launched more than 100 drone and missile attacks on targets in Israel and the Red Sea

  • UAE and Azerbaijan presidents pledge to boost ties

    Baku, Azerbaijan-- The UAE and Azerbaijan have discussed ways to enhance cooperation in renewable energy, environmental protection, culture, education, and...

    The two countries resolved to ramp up ties in economics, development, renewable energy, environmental protection, culture, education, and other areas

    The meeting between the two presidents also addressed the upcoming UN Climate Change Conference (COP29) to be hosted by Azerbaijan this year

  • Hizbollah targets Israeli base in revenge attack

    In a statement, Hizbollah said that it targeted the "enemy's northern command centre" in the Israeli city of Safed with...

    Israel said that a "hostile aircraft" had crashed at one of its bases in the north

    Violence has killed more than 185 people in Lebanon, including 140 Hizbollah fighters

  • Top global leaders to attend WEF meet amid Gaza, Ukraine war

    Paris, France - US Secretary of State Antony Blinken, Israeli President Isaac Herzog and Middle East leaders will attend a World...

    Blinken and US National Security Advisor Jake Sullivan will be among 2,800 participants at the forum, including more than 60 heads of state and government.

    Argentina's libertarian new president, Javier Milei, French President Emmanuel Macron and Chinese Premier Li Qiang will also participate in the forum.

  • UAE economy likely to grow by 3.8 percent in 2025, says World Bank

    WASHINGTON, US - The World Bank expected the UAE's real GDP to grow by 3.4 percent in 2023, rising to...

    The World Bank forecast the growth in the Gulf Cooperation Council countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025.

    The report said that the growth rate in the Middle East and North Africa region slowed down sharply to 1.9 percent in 2023.

  • 2023 hottest recorded year as Earth nears critical threshold

    PARIS, FRANCE - The year of 2023 was the hottest on record, with the increase in Earth's surface temperature nearly crossing...

    Climate change intensified heatwaves, droughts and wildfires and pushed the global thermometer 1.48 C in 2023 above the preindustrial benchmark.

    Nearly half of 2023 exceeded the 1.5C limit, beyond which climate impacts are more likely to become self-reinforcing and catastrophic, said scientists.

  • Israel is starving Gaza residents, says NGO

    RAMALLAH, PALESTINIAN TERRITORIES - Everyone in Gaza is going hungry and about 2.2 million people are surviving day by day...

    The NGO said that Gaza Strip was already in the throes of a humanitarian crisis before the war, mainly due to Israel’s 17-year blockade.

    Given this starting point, it is clear as to why the Gaza Strip plummeted into a full-blown catastrophe so quickly.

  • Blinken returns to Israel as Gaza death toll rises to 23, 210

    The US secretary of state -- on his fourth Middle East tour since the war broke out -- was back...

    Hamas leader Ismail Haniyeh called on Muslim states "to support the resistance with weapons, because this is... not the battle of the Palestinian people alone".

    At least 23,210 people have been killed in the Palestinian territory due to relentless Israeli bombardment, 126 deaths in the past 24 hours alone.

  • GCC head and EU top diplomat review relations in Riyadh

    Riyadh, Saudi Arabia--Jasem Mohamed Al Budaiwi, Secretary General of the Gulf Cooperation Council (GCC), and Josep Borrell, High Representative of...

    The two discussed the latest developments in regional and international arenas, including the Israeli war on the Gaza Strip

    Al Budaiwi noted the importance of collaboration and unity in efforts to halt the continuous Israeli attacks against Gaza

  • Blinken discusses Israel normalization in tented Saudi talks

    US top diplomat Antony Blinken also said all the leaders on his tour, which took him to six countries before...

    In just three days, Blinken has visited Turkey, Greece, Jordan, Qatar and the UAE on his fourth regional tour since the start of the Israel-Hamas conflict

    He said there was "broad agreement" on security for Israel, united Palestinian leadership for the occupied West Bank and Gaza and an eventual independent Palestinian state