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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.
  • Egypt election offers more of the same despite crisis

    In a country gripped by the most severe financial crisis in its recent history-- inflation has hovered near 40% after...

    Voting will take place from Sunday until Tuesday, between 9:00 am and 09:00 pm each day

    Some 67 million people are eligible to vote, and all eyes will be on turnout

  • Israelis demand release of hostages held by Hamas

    Carrying placards with messages like "bring them home now", hundreds of Israelis took to streets in Tel Aviv on Saturday...

    At least 105 hostages were set free by Hamas in exchange for the freedom of 240 Palestinian civilians

    According to Israeli authorities, at least 137 hostages are believed to still be in Hamas captivity

  • Joint ministerial committee meets US secretary of state

    Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...

    A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.

    The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.

  • Turkish President Erdogan slams UNSC over failed Gaza truce bid

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday denounced the UN Security Council after the United States vetoed a...

    "Is this justice?" asked Erdogan, adding that "the world is bigger than five," a reference to the five veto-wielding nations in the UN Security Council.

    "The United States stands by Israel with its money and military equipment. Hey, America! How much are you going to pay for that?" he added.

  • IMF, UAE, other countries meet on anti-money laundering, counter terrorism financing

    ABU DHABI, UAE - International Monetary Fund (IMF), in collaboration with the UAE Executive Office of Anti-Money Laundering and Counter...

    Participants from 15 countries and organizations took part in the meeting.

    They agreed on strong collaboration among AML/CFT supervisory agencies.

  • Nadia Calvino is now European Investment Bank head

    BRUSSELS, BELGIUM - Margrethe Vestager is preparing to return to her day job as the European Union's competition chief after a...

    After the EU selected Nadia Calvino, Margrethe Vestager, 55, said she would "resume" her duties at the European Commission, the Eu's executive arm.

    Vestager's star has waned in recent years following a series of setbacks in EU courts against some of the world's biggest companies, including Apple.

  • Israel continues Gaza bombing as US blocks UN truce bid

    Israel bombarded targets in Gaza after the United States blocked an extraordinary UN bid for a ceasefire in the war...

    Iran, which backs Hamas, warned about the possible "uncontrollable explosion in the situation of the region" after the US move.

    Many of the 1.9 million Gazans displaced by the war have headed south, turning Rafah near the Egyptian border into a vast camp.

  • Mahsa Amini’s family blocked from leaving Iran for EU rights prize

    PARIS, FRANCE - The family of Mahsa Amini, the Iranian Kurdish woman who died in custody, have been banned from traveling...

    Her family's lawyer in France, Chirinne Ardakani, said that Amini's parents and brother had been prohibited from boarding a flight.

    She said the family had been banned from leaving Iran despite having a valid visa, and their passports had been confiscated.

  • Iran warns of ‘explosion’ after US veto on Gaza war

    Tehran, Iran - Iran warned Saturday of the threat of an "uncontrollable explosion" of the situation in the Middle East, after...

    On Friday, the United States vetoed a Security Council resolution that would have called for an immediate ceasefire in Gaza

    Hossein Amir-Abdollahian, the top diplomat of the Islamic republic, also appealed for the immediate opening of the Rafah border crossing with Egypt

  • Iran foreign minister, Hamas chief discuss Gaza developments

    Tehran, Iran - Iranian Foreign Minister Hossein Amir-Abdollahian held a phone conversation with Hamas chief Ismail Haniyeh on Friday night...

    During the call, Amir-Abdollahian praised the invocation of Article 99 of the UN Charter by the United Nations Secretary-General Antonio Guterres

    Iranian top diplomat told the Hamas chief that the crisis in Gaza had been a central feature of discussions between Iranian President and his Russian counterpart Putin