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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.
  • 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.

  • Israel launches offensive in southern Gaza amid mounting civilian deaths

    Armored personnel carriers and bulldozers were also seen as Israel expanded its operations against Hamas in response to the Palestinian...

    "Despite what has been assured, attacks in the south of Gaza are every bit as vicious as what the north endured," said UNICEF spokesman James Elder.

    Israel's ally US intensifies calls for the protection of Gaza's civilians, with Vice President Kamala Harris saying that "too many innocent Palestinians have been killed".

  • UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

    Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...

    ENEC and TerraPower will collaborate across various areas, including technical design and commercial viability of the TerraPower Natrium technology development

    The MoU will look to jointly accelerate the commercialisation and global deployment of Natrium technology under licensing agreements with TerraPower

  • White House says Israel ‘making effort’ to protect Gaza civilians

    According to Hamas, more than 15,500 people have been killed in Gaza since the beginning of the war, but Kirby...

    John Kirby insisted that US intelligence was unaware of any secret, advance Hamas blueprint for its October 7 attack on Israel that triggered the conflict

    The New York Times reported last week that Israeli authorities had obtained such a document a year before the attack occurred

  • Yemeni rebels attack British ship in Bab el-Mandeb Strait: report

    Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...

    The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb

    Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said

  • UAE president and UN chief discuss ‘collective action’ to address climate challenges

    Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...

    The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions

    They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

  • Is 2030 the finish line for the Gulf Railway Project?

    The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...

    The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.

    Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.

  • No science that oil phase-out will fix climate: COP28 chief

    Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with...

    Jaber has repeated that phasing out hydrocarbons is inevitable, but that it cannot happen before viable alternatives are in place -- and that developed nations must lead the way.

    Specifying a "phase-out" or "phase-down" of fossil fuels is one of the main battles facing negotiators at COP28, where they will try to reach new a pact on fighting global warming.

  • ICC pledges to intensify war crime investigations in Israel and Gaza

    ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...

    ICC stresses the need for adherence to international humanitarian law despite conflict complexities.

    Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

  • Pope deplores end to Gaza truce, urges new ceasefire

    "There is so much suffering in Gaza," the pontiff said in comments from his private residence, which were read by...

    In the comments, Francis said the end of the ceasefire meant "death, destruction, misery", stressing that the besieged Palestinian territory lacked even essential supplies.

    He said the situation in Israel and the occupied Palestinian territories was "serious". "Many hostages have been freed but so many others are still in Gaza," he said.