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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.
  • Saudi Arabia spurns fossil fuel phaseout push at COP28

    A tentative "phasedown/out" was included in a first draft of an agreement on climate action that delegates are haggling over...

    UN chief called for a total phaseout of fossil fuels, warning "complete disaster" awaits mankind

    Saudi Arabia has revamped its energy sources, invested in renewables and improved energy-efficiency

  • Hamas refutes accusations of sexual violence in Israel attacks

    Hamas statement comes days after UN Women said it was "alarmed by the numerous accounts of gender-based atrocities" during the...

    Israeli police say they have gathered evidence of sexual violence by Hamas fighters

    Hamas rejected claims by women and advocacy groups as part of "a series" of Israeli "lies"

  • UN warns of ‘hellish scenario’ as aid to Gaza stalls

    According to Lynn Hastings, UN humanitarian coordinator for the Palestinian territories, the conditions required to deliver aid to "the people...

    Expressing his regret, the UN official said "nowhere is safe in Gaza and there is nowhere left to go"

    Hastings rejected the idea of "safe zones" urged upon Israel by the US government

  • Masdar City to construct region’s first net-zero energy mosque

    Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a...

    The mosque’s total energy requirements were reduced by 35 percent compared to international baselines using passive design

    Low-flow water fixtures, drought-resistant landscaping, and the use of recycled water for irrigation will reduce water use by 55 percent

  • Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

    Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...

    The firms discussed investment opportunities in the two countries, especially those envisaged in the Saudi Vision 2030 and Turkish economy.

    The volume of trade between Saudi Arabia and Türkiye reached SAR22 billion ($5,864,813,240) in 2022, recording a growth rate of 32.6 percent.

  • We respect climate science, says COP28 head

    DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...

    Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".

    He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.

  • Saudi energy minister calls Western climate pledges ‘small change’

    "Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

    The loss and damage fund for vulnerable nations, a major win at COP28, has attracted about $655m so far, a sum criticized as insufficient by campaigners.

    The prince's remarks were the latest sign of sharp differences around tackling the climate crisis as negotiators from around the world attempt to hammer out an agreement in Dubai.

  • Rights organizations sue Netherlands over F-35 parts to Israel

    The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including...

    A rights group said the export "made the Netherlands complicit in violations of the laws of war and the collective punishment of Gazans

    "By supplying weapons parts, the Netherlands runs the risk of becoming complicit in violations of international humanitarian law," said Dagmar Oudshoorn, director Amnesty

  • Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

    RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...

    Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.

    The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.

  • ENEC, Kazatomprom ink pact

    The move will ensure a secure supply of nuclear fuel.

    ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.

    This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.