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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.
  • Israel air force denies indiscriminate bombing in Gaza offensive

    A report by Washington's Director of National Intelligence, quoted by US media, said that nearly half of munitions dropped by...

    The Israeli offensive, aimed at destroying Hamas, has killed at least 19,453 people in Gaza, also mostly civilians, according to the Hamas-ruled territory's health ministry

    US President Joe Biden has warned Israel was at risk of losing international support due to its "indiscriminate" bombing of the Palestinian territory

  • Hamas talks down discovery of Gaza tunnel by Israel

    Dubai, UAE--A Hamas official on Monday said one of the group's tunnels revealed by the Israeli army in Gaza had...

    Israel army claimed to have uncovered the biggest Hamas tunnel on Sunday in Gaza, near the Erez crossing between the Palestinian territory and Israel

    A senior Hamas official speaking in Beirut said that owing to the tunnel the mission that Hamas set out to achieve has been "carried out successfully"

  • At least 118 dead in northwest China earthquake

    US Geological Survey said Monday night's magnitude-5.9 quake struck at a shallow depth with an epicenter around 100 kilometers from...

    Officials said the shallow tremor had caused the deaths of at least 105 in Gansu province

    A further 13 died, 182 were injured and 20 were missing in the city of Haidong

  • US forms coalition to combat Houthi attacks in Red Sea

    US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...

    Austin said the security coalition will ensure freedom of navigation for all countries

    Houthi attacks have forced insurance companies to increase premiums on ships

  • MENA faces economic turbulence due to Gaza conflict

    The Israel-Hamas conflict not only threatens regional stability but also poses significant economic challenges for MENA nations, says Fitch Ratings.

    The Israel-Hamas conflict not only threatens regional stability but also poses significant economic challenges for MENA nations, says Fitch Ratings.

    Egypt, Lebanon and Jordan remain the most affected countries as the conflict will potentially disrupt oil markets and economic growth, it adds.

  • Nearly 100 MPs barred from Indian parliament session

    Nearly 100 opposition lawmakers have been temporarily barred from India's parliament for demanding a debate into last week's protest when...

    Six people were arrested after the December 13 protest, when one man jumped onto the floor of the lower house of parliament.

    Official footage from the session showed one man shouting slogans and vaulting over tables between stunned lawmakers.

  • Oil prices rise following Red Sea attacks

    Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...

    Yemen's Iran-backed Houthi rebels said on Monday that they had attacked two "Israeli-linked" vessels in the Red Sea..

    Ships must travel through the Red Sea to use the Suez Canal, a key transit route for cargo and oil..

  • UAE issues federal decree on regulating electronic, digital media

    ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in...

    The decree aims to promote the UAE as a global media hub and establish an enabling environment for the growth and prosperity of the sector.

    The provisions of the decree apply to individuals, organizations, media outlets, and free zones dedicated to the media in the UAE.

  • South Africa threatens citizens fighting for Israel with prosecution

    "Such action can potentially contribute to the violation of international law and the commission of further international crimes, thus making...

    The government has previously said the State Security Agency (SSA) was tracking them down. South Africans need prior government approval to legally fight in Israel.

    South Africa has long been a vocal supporter of the Palestinian cause, with the ruling African National Congress (ANC) party often linking it to its own struggle against apartheid.

  • Egypt’s Sisi wins third term despite painful economic crisis

    The outcome of the December 10-12 poll was widely expected after the former army chief with a fondness for infrastructure...

    His victory comes despite a painful economic crisis, marked by a currency plunge and runaway household prices

    Sisi, a retired army field marshal, was first voted in as president after leading the overthrow of elected president Mohamed Morsi in 2013