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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.
  • MENA region can create 10m jobs by 2050 via climate action, says ILO

    DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

    The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.

    The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

  • Freed Israeli hostages speak out for remaining captives’ release

    The hostages, most of whom were freed during a seven-day truce between Israel and Hamas, spoke in a video broadcast...

    The freed hostages urged the government to take all action necessary to secure the remaining captives' release

    Israeli army spokesman Daniel Hagari said Saturday that 137 Israelis and foreign nationals remained captive in the Gaza Strip

  • World Bank offers to host Lost and Damage Fund: Official

    Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...

    Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."

    "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."

  • Israel and Hamas trade strikes as Palestinian toll mounts

    Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been...

    According to the UN, an estimated 1.7m people in Gaza have been displaced by eight weeks of war

    Fadel Naim, chief doctor at Al-Ahli Arab hospital in Gaza, said his morgue had received 30 bodies on Saturday

  • US defense chief urges Israel to shield civilians to win in Gaza

    Austin told the Reagan National Defense Forum that he had "learned a thing or two about urban warfare" while fighting...

    Fighting between Israel and Hamas resumed the day before after a week-long truce

    Israel's war on Gaza began after Hamas carried out a shock cross-border attack on October 7

  • US Commerce chief warns against China ‘threat’

    Gina Raimondo unveiled a series of  restrictions on the export of advanced chips to China, including those used in the...

    Gina Raimondo called Beijing "the biggest threat we've ever had" and stressed "China is not our friend

    The world's top two economies are locked in a fierce commercial and geopolitical rivalry

  • Israel’s goal to destroy Hamas risks decade of war: Macron

    Speaking at a press conference on the sidelines of the UN's COP28 climate talks in Dubai, French President Emmanuel Macron...

    Macron wondered if total destruction of Hamas was possible, and if it is, the war will last 10 years

    He traveled to Doha on Saturday to meet with Qatar's Emir Tamim bin Hamad Al-Thani

  • Grim cycle of death at a hospital in Gaza

    Khan Yunis, Palestinian Territories - A middle-aged man with a blank, shattered expression walked slowly down a ramp at the hospital,...

    After the collapse of a week-long truce between Israel and Hamas, the Nasser hospital's morgue in Khan Yunis, southern Gaza, was full once again.

    Families gathered for one last look at the dead, caressing their hair, touching their hands or kissing their faces, sometimes still stained with blood

  • US pledges $3bn to a global climate fund at COP28 meet

    Developing countries least responsible for climate change are seeking support from richer polluting nations to adapt to the increasingly ferocious...

    The amount, which must be approved by the US Congress, will go into the Green Climate Fund (GCF), which was created in 2010

    The last US contribution to the fund for developing countries was made under then President Barack Obama, who committed $3 billion in 2014

  • Turkey’s Erdogan rejects US pressure to cut Hamas ties

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan on Saturday pushed back against mounting US pressure to cut Ankara's historic ties...

    Erdogan said that Washington was well aware that Turkey does not view Hamas as a terrorist organization

    Hamas political leaders have used Istanbul as one of their foreign bases during Erdogan's two-decade rule