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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.
  • Three Lebanese soldiers wounded in Israeli attack

    According to a medical source quoted by media, Israeli artillery fire targeted the " vicinity of a Lebanese army post...

    Soldiers were seen lying on stretchers, exhibiting signs of breathing difficulties but with no open wounds

    Violence on Israel-Lebanon border has killed at least 120 people in Lebanon, mostly Hizbollah fighters

  • US vetoes Security Council resolution calling for Gaza ceasefire

    Guterres had convened an emergency meeting of the UN Security Council after weeks of fighting left more than 17,487 people...

    Washington dashed a growing clamor for an immediate ceasefire that had been led by UN chief Antonio Guterres and Arab nations

    American envoy Robert Wood said the resolution was "divorced from reality" and "would have not moved the needle forward on the ground."

  • COP28 president Sultan Jaber pushes for rapid fossil fuels draft deal

    Climate campaigners have viewed Jaber with deep suspicion due to his position as the head of UAE national oil firm...

    Despite disagreements over the future of fossil fuels, Jaber voiced optimism that the talks hosted by the oil-rich UAE can finish with a historic deal

    A draft deal was released on Tuesday but negotiators failed to produce another text on Wednesday before heading into the break

  • Azerbaijan clears key hurdle to host UN climate summit in 2024

    Dubai, UAE -- Petro-state Azerbaijan has cleared a key hurdle to host next year's UN climate summit despite the controversy over...

    Bulgaria, which had also sought to host COP29 but was opposed by Russia, also formally ended its bid and backed Azerbaijan.

    COP, or the Conference of the Parties under the UN climate body, takes place each year in a different region, with Asia choosing Dubai.

  • Arab world to be center for global change in 2024, says Russian intelligence chief

    MOSCOW, RUSSIA - The chief of Russia’s foreign intelligence service, or SVR, believes the Arab world will take center stage...

    The Russian official said that the change has manifested itself in strong, sovereign leaders coming to power in a number of Arab countries.

    The rapid growth of anti-US and, more broadly, anti-Western sentiment in the region is one of the outcomes of this change, he said.

  • UN Security Council to consider urging Gaza ceasefire

    In a letter to the council on Wednesday, Guterres took the extraordinary step of invoking the UN charter's Article 99,...

    Even though the civilian death toll in the Palestinian territory is mounting amid Israel's bombardment, the outcome of the session is up in the air

    The bloodiest ever war between Israel and Hamas is now in its third month, with the death toll in Gaza soaring above 17,000

  • Israeli TV shows footage of stripped detainees in Gaza

    Israel declared war on the Palestinian fighter group Hamas after its attack on October 7 in southern Israel, which killed...

    In the viral video filmed in Beit Lahia, a group of blindfolded men are seen sitting with their hands tied behind their backs

    One clip showed the arm of a soldier in the foreground, suggesting it was filmed by a member of the military

  • No surprises in store as Egypt heads to polls

    From Sunday through Tuesday, Egyptians aged 18 and above will be able to cast their ballots for one of four...

    Preparations for elections in the Arab world's most populous country are massive in scale

    Sisi received over 96 percent of the vote in both the 2014 and 2018 elections.

  • Fighting rages in Gaza as war enters third month

    Heavy urban combat raged in and around Gaza's biggest cities as the bloodiest-ever war between Israel and Hamas entered its...

    Israeli forces have encircled major urban centres as they seek to destroy Hamas over its unprecedented attack in October.

    Backed by air power, tanks and armored bulldozers, Israeli troops were fighting Thursday in Khan Yunis, the biggest city in southern Gaza.

  • North-South Corridor, Palestine key agenda of Raisi-Putin talks in Moscow

    Dubai, UAE – Iranian President Ebrahim Raisi, ahead of his visit to Moscow, has emphasized the importance of the North-South...

    Speaking at Tehran’s Mehrabad airport before departing for Russia, Raisi indicated that both Iran and Russia are eager to accelerate the construction of this transport project.

    The Kremlin press service confirmed that the discussions between Putin and Raisi will cover various subjects, including trade and economic cooperation