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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.
  • US, France call to ‘avoid escalation in Lebanon and Iran’

    Washington, United States - US Secretary of State Antony Blinken and French Foreign Minister Catherine Colonna agreed to seek steps to...

    The US diplomat Antony Blinken and France's foreign minister Catherine Colonna discussed the situation in Lebanon and Iran

    The two top diplomats "discussed the importance of measures to prevent the conflict in Gaza from expanding.

  • Iran-backed Iraqi group says top commander dead in US strike

    Baghdad, Iraq - A "US strike" in Baghdad on Thursday killed a military commander of the Hashed al-Shaabi, the ex-paramilitary force...

    The strike killed "two members and wounded seven others", said the official, speaking on condition of anonymity.

    A Hashed source, asking not to be named, confirmed the death toll and charged that the United States was behind the attack.

  • Saudi Arabia, Qatar denounce Gaza’s residents emigration plan

    Saudi Arabia and Qatar condemned comments by two Israeli ministers calling for Palestinians to emigrate from the Gaza Strip. Israel's...

    Saudi Arabia "categorically condemns and rejects the comments of the two ministers," the foreign ministry said in a statement

    Saudi called on the global community to act in the face of the Israeli government's "persistence" in violating international law "through its statements and actions"

  • New PM announced by Kuwaiti ruler to end political stalemate

    Sheikh Meshal al-Ahmed Al-Sabah, who was sworn in as emir last month, named Sheikh Mohammed Sabah al-Salem Al-Sabah, a popular...

    Sheikh Meshal al-Ahmed Al-Sabah, who was sworn in as emir last month, named Sheikh Mohammed Sabah al-Salem Al-Sabah as the new premier.

    The Harvard-educated Sheikh Mohammed, also son of a former emir, was Kuwait's ambassador to the United States for 10 years.

  • Lebanese media says four Hizbollah fighters killed in Israeli strike

    Beirut, Lebanon - Four Hizbollah fighters were killed overnight in southern Lebanon, the Iran-backed movement announced on Thursday, in what Lebanese...

    A source close to Hizbollah said that the four were killed in Naqura near the Israeli border.

    Hizbollah leader Hassan Nasrallah warned Israel in a speech against starting a war in Lebanon.

  • UAE participates in UN Peacekeeping Ministerial Meeting in Ghana

    ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...

    The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.

    The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.

  • Private sector funding key to climate transition: World Bank

    The World Bank raised its target for climate-related projects from 35% of its annual financing to 45%. Given that the...

    On Wednesday, Banga repeated a previous pledge to "fix the plumbing" of World Bank

    World Bank estimated that developing countries will need an average of $2.4trn each year

  • Gaza zoo bears scars of war as animals die of starvation

    Rafah, Palestinian Territories--Hunger is everywhere at Rafah zoo, in Gaza's far south, as internally displaced Palestinians seek shelter from the war...

    The WHO has warned of the risk of famine and disease as only a minimal amount of aid enters the Gaza Strip

    The zoo keeper said one lioness gave birth and the cubs died soon afterwards as there was no proper food for them

  • US imam shot outside New Jersey mosque dies

    The Essex County prosecutor, Ted Stephens, confirmed Hassan Sharif was shot more than once, and that "it does not appear...

    Hassan Sharif was shot multiple times near a mosque in Newark, just west of New York, before being taken to hospital where he later died, New Jersey Attorney General said

    United States Transportation Security Administration (TSA) earlier confirmed that Sharif had worked as a security screener at Newark airport since 2016

  • Iran blames Israel, US for deadly blasts near grave of Guards general Soleimani

    The two explosions -- labelled a "terrorist attack" by state media and regional authorities -- came amid high Middle East...

    Iran's supreme leader Ayatollah Ali Khamenei blamed "evil and criminal enemies" of the country for the attack and vowed a "harsh response"

    Iran ally Hamas denounced the "criminal attack" while the Saudi foreign ministry in Riyadh voiced "solidarity with Iran in this painful event"