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Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

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.
  • Regional players welcome ceasefire and political process in Yemen

    Riyad, Saudi Arabia -- Key regional players have welcomed the agreement – involving a comprehensive set of measures aimed at...

    This pivotal agreement includes a nationwide ceasefire, initiatives to enhance living standards, and steps towards resuming a comprehensive political process under UN's guidance.

    The Qatari Ministry of Foreign Affairs expressed hope for the roadmap's imminent signing, contributing to a comprehensive political solution to the Yemeni crisis.

  • Spain will not join US-led Red Sea coalition

    The Houthis welcomed Spain's stance, with deputy foreign minister Hussein al-Ezzi saying "we highly appreciate Spain's refusal to be drawn...

    On Thursday, the Pentagon said 20 countries had joined the Washington-led coalition to protect the key shipping lane

    Spain's government has been ambivalent and on Sunday a spokesman for the defense ministry told that Spain "will not participate"

  • Palestinians recount ‘torture’ in Israeli army custody

    In recent weeks, the army has faced international criticism after viral footage of detainees stripped down to their underwear and...

    About 20 men released from Israeli custody "have bruises on their bodies", hospital official in Rafah

    The Israeli army rejected the claims, saying detainees are "treated in accordance with international law"

  • Moroccans protest against Gaza war, Israel ties

    The protesters were called to the streets by a disparate group of organizations backing the Palestinian cause, including left-wingers and...

    The protestors in Rabat denounced what protest leaders called a "war of extermination"

    In 2020, the north African country established diplomatic and trade relations with Israel

  • Tunisia records low turnout in vote for new chamber

    More than 260 prominent Tunisian figures had signed a petition against what they called a "useless" election, saying Saied's government...

    Just 11.66 percent of the nine million strong electorate turned out on Sunday for the vote to choose more than 2,000 councilors from around 7,000 candidates

    The electoral authority is scheduled to give preliminary results on December 27. A second round is scheduled for February, with no set date as of now

  • Gaza war exacting ‘heavy price’ on Israel army: Netanyahu

    Israeli prime minister said that in spite of the high toll in Gaza, the country had no choice but to...

    Netanyahu said the war will go on until Hamas is eliminated and "we restore security"

    The army said 14 soldiers had been killed in the Palestinian territory since Friday

  • Saudi Arabia, UAE lead MENA’s smart city development

    In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost...

    In 2023, the region advanced in smart city initiatives, with Saudi Arabia and the UAE leading the transformation, with Frost & Sullivan projected $50bn investment by 2025.

    Saudi Arabia, leading with Riyadh, targets 17 cities for smart development, while the UAE's Masdar City, Oman's Sultan Haitham, and Qatar's Lusail City follow suit.

  • FTA issues guide to determine natural persons subject to corporate tax

    ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...

    The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.

    The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.

  • Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities

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

    The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.

    The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions

  • 136 UN employees killed in Gaza War, says UN chief   

    NEW YORK, US - UN Secretary-General Antonio Guterres said on Sunday that 136 United Nations employees in Gaza Strip had...

    The UN chief said that the Israeli military offensive was creating 'massive obstacles' to the distribution of humanitarian aid inside Gaza.

    The United Nations Security Council had adopted a resolution calling for boosting humanitarian assistance for Gaza Strip.