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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.
  • 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.

  • Maersk halts ships’ transit via Red Sea strait for 48 hours

    COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea...

    The Maersk Hangzhou, a Singapore-flagged, Denmark-owned container vessel reported being struck by a missile while transiting the Bab al-Mandab Strait.

    It appeared to be undamaged in that attack and "was able to continue its transit north", said Maersk, one of the world's largest shipping companies.

  • Israeli strike kills former Palestinian minister, Gaza death toll 21,822

    Youssef Salama, the 68-year-old former minister of religious affairs in the Palestinian Authority, was killed in a strike on the...

    "We pulled (out) nine martyrs, who were members of a very peaceful family. Two adjacent houses were targeted," said the area's civil defense director, Rami al-Aidi.

    10 Houthi rebels were feared dead or missing after US Navy helicopters fired at them while attempting to board a cargo ship off Yemen.

  • Gaza war will last many months: Benjamin Netanyahu

    The prime minister of Israel told a news conference that the war will continue for many months "until Hamas is...

    He said that Israel was depriving Hamas of their capabilities in a gradual manner

    Hamas is still holding 129 hostages in Gaza, according to the Israeli military

  • North Korea to launch three more spy satellites next year

    "The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for...

    Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was providing images of major US and South Korean military sites

    Inter-Korean relations are in poor state as Seoul and Washington ramped up defense cooperation this year after record-breaking series of weapons tests by Pyongyang

  • Erdogan plays down row over Saudi-hosted Super cup

    Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But...

    Turkish President Erdogan said turning sports into a political issue "is wrong"

    Both teams wanted to warm up in shirts featuring the image of Mustafa Kemal Ataturk

  • Russia vows revenge as 21 die in Ukrainian attack

    The Belgorod attack came a day after Ukraine said a barrage of Russian missile strikes on several cities killed at...

    The authorities in Russia said the death toll included at least three children

    The attack came a day after Ukraine said Russian missile strikes killed at least 40 people

  • US shoots downs anti-ship missiles fired from Yemen

    The US Central Command said the missiles were fired from the area controlled by the Iran-backed Houthi rebels, describing it...

    The Houthi attacks are endangering a transit route that carries up to 12% of global trade

    US forces in Iraq and Syria have also repeatedly come under fire from drone and rocket attacks

  • GCC makes pivotal strides in development, diplomacy

    In 2023, Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait collectively advanced in technology and sustainable development, achieving global integration.

    In 2023, the region including Saudi Arabia, UAE, Qatar, Bahrain, Oman and Kuwait, collectively advanced in technology and sustainable development, achieving global integration.

    From Saudi Arabia's ambitious Al-Diriyah project to the UAE's leadership role in hosting COP28, each nation contributed uniquely to the region's dynamic presence on world stage.

  • Hamas denounces US munitions ’emergency’ sale to Israel

    Gaza City, Palestinian Territories - The Strip's Hamas rulers on Saturday condemned the US approval of a $147.5 million sale of...

    The United States announced the sale of the 155mm artillery munitions on Friday under an emergency provision.

    Hamas said the sale was "clear evidence of the American administration's full sponsorship of this criminal war".