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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.
  • Blinken warns Israel-Hamas war could ‘metastasize’

    Blinken will meet with Crown Prince Mohammed bin Salman in the Saudi desert city of Al-Ula, said a US official...

    Israel has carried out a relentless bombardment and ground invasion that have killed at least 22,835 people in Gaza, most of them women and children

    Amid the deepening humanitarian crisis and mass displacement in Gaza, Blinken said civilians "must be able to return home as soon as conditions allow".

  • Libya declares ‘force majeure’ at major oilfield amid protests

    Tripoli, Libya -- Libya's state-owned energy firm said on Sunday it had declared a state of "force majeure" at Al-Sharara oilfield...

    Declaring "force majeure" allows parties to free themselves from contractual obligations when factors such as fighting or natural disasters make meeting them impossible.

    The NOC did not elaborate on the protesters' demands but said "negotiations are ongoing to resume production as soon as possible".

  • Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

    Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...

    The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.

    Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

  • Gaza war rages into fourth month as Blinken tours Middle East

    Jordan's king urged Blinken to push for a ceasefire in Gaza and an end to the humanitarian crisis brought by...

    Outside Jordan's capital, ahead of Blinken's visit to a World Food Programme aid warehouse, senior UN official Sheri Ritsema-Anderson described Gaza situation as "epic catastrophe"

    Israeli airstrikes overnight and early Sunday killed at least 64 people, including two journalists, in the devastated territory, the health ministry said.

  • Six Palestinians killed in Israeli raid in West Bank

    The official Palestinian news agency Wafa reported early Sunday that a major deployment of Israeli forces was under way in...

    A PA official said that Israeli bombardment on a group of citizens killed six people in Jenin

    At least 327 Palestinians have been killed in the West Bank since the conflict broke out

  • Palestinians rebury bodies exhumed from Gaza cemetery

    The footage from the cemetery in Al-Tuffah neighbourhood in Gaza City showed bodies wrapped in bags and laid out on...

    Hamas on Saturday accused the Israeli military of "destroying 1,100 graves"

    Israeli brutal bombardment in Gaza has killed at least 22,722 people

  • US military shoots down another drone over Red Sea

    The Houthis say they are targeting Israel and Israeli-linked vessels to push for a stop to the offensive in Gaza....

    Maersk said Friday that it would divert all vessels around Africa instead of using the Red Sea

    The rebels have launched more than 100 drone and missile strikes in Red Sea

  • Hamas command structure ‘dismantled’ in north Gaza: Israel

    The army spokesman told reporters that its forces dismantled "the Hamas military framework in the northern Gaza Strip" and that...

    Israeli PM said his government had directed the army to "eliminate Hamas"

    He said the war should not stop until Israel has achieved "all of the goals"

  • EU’s Borrell meets Hezbollah official in bid to avoid wider war

    Josep Borrell held talks with the head of Hezbollah's parliamentary bloc, Mohammad Raad, Lebanese media reported. An EU source confirmed...

    Borrell said it is important to avoid Lebanon being dragged into a regional conflict

    Cross-border fire has killed 181 people in Lebanon, including 135 Hezbollah fighters

  • UAE orders trial of 84 on terrorism charges, says media

    Dubai, UAE - The Emirates is to put 84 people on trial for terror-related offenses, state media said on Saturday. The...

    The Gulf state's attorney general ordered the trial of "mostly members of the terrorist organization of (the) Muslim Brotherhood", official news agency WAM said.

    In 2013, the UAE tried 94 activists, lawyers, students, teachers and other government critics, accusing them of membership of the outlawed Muslim Brotherhood.