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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.
  • Response to Aruri killing inevitable, says Hizbollah chief

    BEIRUT, LEBANON - The head of Lebanon's Iran-backed Hizbollah group warned Israel on Friday that it will respond swiftly "on the...

    Saleh al-Aruri, who was killed in a missile strike widely attributed to Israel, is the most high-profile Hamas figure to be killed during the war.

    Israel has not claimed responsibility for the strike but a US defense official said on Wednesday that Tel Aviv had carried it out.

  • Dubai Center for Family Businesses issues guidelines

    DUBAI, UAE –  The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...

    The ‘Sample Article of Association for Family Businesses’ outlines a set of options for companies to update their contracts.

    The Article of Association takes into account the requirements of family businesses who are registered as limited liability companies (LLCs).

  • Gaza focus of German foreign minister’s upcoming Middle East tour

    Annalena Baerbock will hold talks with Israel's new Foreign Minister Israel Katz, as well as President Isaac Herzog, foreign ministry...

    Baerbock will subsequently travel to Egypt to meet with her counterpart Sameh Shoukry and also planned to visit Lebanon.

    US Secretary of State Antony Blinken also left Thursday on a diplomatic tour of the Middle East, including Israel, his fourth since the war began.

  • Saudi Arabia releases 132 animals in NEOM Nature Reserve

    RIYADH, SAUDI ARABIA  - The National Center for Wildlife, in collaboration with NEOM, has released a total of 132 animals...

    This initiative aims to rehabilitate and ensure the adaptation of these animals to their new environment before releasing them into the wild.

    The released animals consist of 80 Arabian sand gazelles, 12 mountain gazelles, 12 ibexes, and 28 Arabian Oryx.

  • Foreign governments paid Trump firms millions as president, claims US report

    NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...

    The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."

    The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.

  • Israel border violence displaces 76,000 in Lebanon: IOM

    More than 80 percent of the displaced Lebanese are staying with relatives, according to the report, and only 2 percent...

    Cross-border violence has left 175 people dead in Lebanon, including 129 Hezbollah fighters and more than 20 civilians, including three journalists, according to an AFP count.

    In northern Israel, nine soldiers and five civilians have been killed, according to Israeli authorities.

  • Responding to Arabian Sea vessel hijack, says India navy

    According to the navy, it "responded swiftly to a maritime incident in Arabian Sea involving a hijacking attempt" of a...

    Local media reported that around 15 Indian crew members are aboard the ship

    The navy said five or six "unknown armed personnel" had boarded the vessel

  • Sudan paramilitary leader Daglo holds talks in Pretoria

    The commander of Sudanese paramilitary forces Mohamed Hamdan Daglo wrote on X, previously Twitter, that he had apprised South African...

    Daglo has shown an openness to ending the fighting during his visits abroad

    The war has plunged Sudan into a humanitarian crisis, with 12,000 dead

  • Japan earthquake death toll jumps to 92, missing 242

    Battling aftershocks and roads littered with gaping holes and blocked by frequent landslides, thousands of rescuers from all over Japan...

    Wajima, the port city on the Noto Peninsula, was one of the worst hit

    At least 330 people were injured in the powerful main tremor

  • Israeli defense minister unveils plan for post-war Gaza

    The unveiling of Gallant's plan comes on the eve of a visit by US Secretary of State Antony Blinken, who...

    Under the plan, Israel's war in the territory will continue until it has secured the return of the hostages taken on October 7

    After that, the outline says, a new phase will begin during which "Hamas will not control Gaza and will not pose a security threat to the citizens of Israel."