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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.
  • Kim directs army to ‘annihilate’ S. Korea, US if they attack

    North Korean leader Kim Jong Un at a meeting with the country's major commanding officers in Pyongyang on New Year's...

    US, South Korea have ramped up defense ties after weapons tests by Pyongyang

    Pyongyang declared itself an "irreversible" nuclear power in 2022

  • Israeli minister calls for return of settlers to Gaza

    Israel unilaterally withdrew the last of its troops and settlers in 2005, ending a presence inside Gaza that began in...

    The minister said that in order to have security "we must control the territory"

    He said Israel should "encourage" Palestinians in Gaza to relocate to other countries

  • New Year celebrations in GCC tempered by Gaza war

    In Dubai and Abu Dhabi, lights and fireworks illuminated the skies as international tourists soaked up the celebratory scenes. The...

    Sheikh Zayed Festival put on display the region's largest firework lasting 40 minutes

    Across Dubai, the hotels reported occupancy rates soaring above 90 percent

  • UAE announces reduction in fuel prices for January

    ABU DHABI, UAE - The prices of petrol and diesel are set to decrease in the country in January following...

    This change reflects a continuous trend observed in the fuel prices over the past few months.

    September and October witnessing increases and November and December seeing reductions.

  • UNSC committee adopts guiding principles on use of UAS for terrorist purposes

    NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and...

    The document is the first of its kind at the United Nations to address the increasing challenges posed by UAS in the context of counter-terrorism.

    As the current chair of the Counter-Terrorism Committee, the UAE facilitated this crucial initiative, reflecting its commitment to global peace and security.

  • From climate action to global aid: Inside UAE’s remarkable year

    Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...

    UAE launched ALTÉRRA, the world’s largest private investment climate action vehicle, aimed at raising and mobilizing an additional $250bn for climate action.

    Despite global headwinds, CBUAE projects 3.3 percent year-on-year growth projected for the UAE economy in 2024.

  • Sheikh Hamdan issues resolution regulating single-use products in Dubai

    DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...

    The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.

    The move also aims to encourage the private sector to promote the use of recycled products.

  • GCC in the crossfire amid growing US-China tech war

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    The semiconductor battle, with Abu Dhabi-based G42 cutting its ties with Huawei, is a prime example of the region’s strategic maneuvering in this global power play.

  • 5 WEF reports shaping your 2024 agenda

    From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...

    Buffeted by a global energy crisis, inflationary pressures and geopolitical instability, the move to clean energy has faced a challenging time.

    This year's top 10 emerging technologies will likely become increasingly familiar in the years ahead as they help tackle some of our biggest challenges.

  • Welcoming 2024: A year of hope, healing, and unity

    "Hopefully, 2024 will be a year in which we overcome the troubled period that started with the coup attempt, grew...

    Every new year should be welcomed with joy, hope, and excitement, says Recep Tayyip Erdoğan, President of Türkiye.

    We are entering the year 2024 with heavy hearts due to the negative events in our region and the world, he adds.