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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.
  • $656 million committed to Loss & Damage Fund so far

    The fund will be housed in the World Bank for four years, a decision accepted by developing nations despite concerns...

    The fund signifies a pivotal moment in climate diplomacy, reflecting a growing acknowledgment of the need for tangible support for those most vulnerable to climate change.

    This initiative by the UAE and Germany at COP28 marks a new era of responsibility and cooperation among nations, setting a hopeful tone for the remainder of the conference.

  • UAE President attends Group of 77 and China meeting at COP28

    DUBAI, UAE – At the UN Climate Change Conference (COP28) here, UAE President Sheikh Mohamed bin Zayed Al Nahyan attended...

    The UAE President expressed the country's commitment to enhancing global cooperation to achieve the ambitious goals set for COP28.

    These include accelerating the shift to a sustainable, low-carbon and economically robust model to deal with climate change.

  • UAE voted to Category-B membership in International Maritime Organization

    LONDON, UK - The UAE has been re-elected to the Council of the International Maritime Organization (IMO) in the Category...

    The UAE received the highest number of votes, following comprehensive efforts and an intensive election campaign leading up to the elections.

    The country plays an active role in strengthening the national maritime sector and contributing to the growth of the global maritime industry.

  • UAE marks 52nd National Day with parades, shows

    Across the country, the festivities will be characterized by performances of Emirati folk arts, cultural shows, police parades, display of...

    Flags will adorn Dubai’s shopping malls, skyscrapers and beaches will be draped in hues of black, red, white and green for Union Day

    The founder’s memorial, a permanent tribute to the late founding father Sheikh Zayed bin Sultan, will mark the country's 52nd Union Day

  • Israeli air strikes hit near Damascus: Syrian defence ministry

    Israel has launched hundreds of air strikes on its northern neighbour since Syria's civil war began in 2011, primarily targeting Iran-backed...

    Israel has launched hundreds of air strikes on its northern neighbour since Syria's civil war began in 2011 primarily targeting Iran-backed forces

    Israeli air strikes on November 26 rendered Damascus airport inoperable just hours after flights resumed following a similar attack the month before

  • US readying to impose visa ban on violent Israeli settlers: Blinken

    US Secretary of State Antony Blinken informed Israeli Prime Minister Benjamin Netanyahu when they met Thursday in Jerusalem that Washington...

    The visa ban could be imposed as early as next week, he added, without disclosing the number of individuals who would be affected.

    Violence has surged in the West Bank in tandem with a war that erupted between Israel and Hamas in the Gaza Strip nearly eight weeks ago

  • 134 nations to put food, agriculture in national climate plans

    "This declaration is the moment when food truly comes of age in the climate process, sending a powerful signal to...

    A total of 134 countries who produce 70 percent of the food eaten worldwide signed the declaration, summit hosts the United Arab Emirates said

    The 134 nations are home to 5.7 billion people and represent more than three quarters of all greenhouse gas emissions from the global food system

  • Dubai COP28: Record attendance marks largest ever UN climate summit

    Among the host country's guests are Bill Gates and Antoine Arnault, the son of LVMH boss Bernard Arnault, the second...

    Some 104,000 people, including technical and security staff, have access this year to the "blue zone" dedicated to the actual climate negotiations

    That largely exceeds the previous record at last year's UN climate summit in Egypt, COP27, which had 49,000 accredited attendees

  • 109 Palestinians killed in Israeli strikes amid calls for truce extension

    Both the United Nations chief and the White House called for the break in fighting to be restored, and UN...

    Despite the resumption of fighting, talks between Qatari and Egyptian mediators were "ongoing", a source briefed on the talks told AFP.

    During the seven-day truce, Hamas freed 80 Israeli hostages in exchange for 240 Palestinians held in various Israeli jails, and more aid entered Gaza.

  • UAE President announces $30bn Global Climate Fund at COP28 meet

    In a groundbreaking announcement at the World Climate Action Summit during the UN Climate Change Conference (COP28), UAE President Sheikh...

    The fund, designed to address the critical gap in climate financing, aims to enable affordable access to climate finance.

    The UAE President highlighted the global urgency of addressing climate change and its pervasive impacts on life.