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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.
  • It’s official: Saudi Arabia will host World Expo 2030

    The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...

    The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.

    This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.

  • It’s official: Saudi Arabia will host World Expo 2030

    The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness,...

    The Kingdom's selection as the host for World Expo 2030 marks a pivotal moment in its journey towards innovation, openness, and global connectivity.

    This monumental global event in Riyadh will showcase Saudi Arabia's transformation and commitment to a forward-looking and sustainable future.

  • Israeli president tells Musk he has ‘huge role’ in anti-Semitism fight

    The meeting came after the world's richest person visited a kibbutz community devastated in attacks by Hamas fighters on October...

    Earlier Monday, Netanyahu and Musk discussed "security aspects of artificial intelligence" with senior defense officials, the Prime Minister's Office said

    Netanyahu told Musk he hoped to resume normalization talks with Saudi Arabia after Hamas's defeat and "expand the circle of peace beyond anything imaginable."

  • Israel reportedly pulls support for Saudi bid to host Expo 2030, to back Italy

    Tel Aviv, Israel - Israel has reportedly withdrawn its support for Saudi Arabia’s bid to host the Expo 2030. The...

    Israel had previously signaled its backing for Saudi Arabia as talks mediated by the US aimed at normalizing relations between the two nations gained momentum

    Riyadh’s alignment with the broader Arab community in condemning Israel's military operation in Gaza sparked a rift, prompting Israel to reconsider its support

  • Eleven more Gaza hostages released as Israel-Hamas truce extended

    Shortly after the arrival of the hostages was confirmed, Israel's prison authority said 33 Palestinian civilians had been released. The...

    Hamas announced the agreement to prolong the truce by 48 hours shortly before it was due to end Tuesday

    Qatar, with the US and Egypt has been engaged in intense negotiations to establish and prolong the truce in Gaza

  • Abu Dhabi’s EWEC opens Q4 2023 Clean Energy Certificates auction

    ABU DHABI, UAE - Emirates Water and Electricity Company (EWEC) on Monday announced that it will conduct its Q4 2023...

    CECs are the only accredited instruments in the Emirate that prove the environmental and economic benefits of consuming clean energy.

    Issued in units of 1MWh, each CEC certifies that the electricity consumed by the entity originates from a clean energy source.

  • Israel says truce extension with Hamas a possibility

    The terms of the truce agreement pausing the fighting in the Gaza Strip say it can be extended beyond its...

    Hamas has signaled its willingness to extend the truce, with reports that the group had informed mediators they were open to prolonging it by "two to four days".

    An Egyptian security source said that there was disagreement between the two sides on the mechanism of the extension.

  • COP28 host UAE braces for rising heat risk, targets carbon neutrality

    As global temperatures tick higher, with this year on course to be the hottest on record, the UAE is changing...

    The UAE's scorching summers, when many flee for cooler climes and the streets empty, look set to worsen due to climate change, various studies show

    The region's extreme heat and high humidity are a dangerous mix as in such conditions the human body struggles to cool itself by evaporating sweat on the skin

  • Palestinian family in Lebanon grieves for 12 dead Gaza relatives

    Beirut, Lebanon -- From Lebanon, Palestinian Fatima al-Ashwah has been praying for relatives in Gaza, but received grim news that...

    Earlier this month, Ashwah, 61, had expressed grave fear for the safety of about 70 extended family members in Gaza.

    Israeli bombing killed around 12 of them days before a temporary truce between Israel and Hamas.

  • EDB commits US$350m for renewable energy projects in developing countries

    ABU DHABI, UAE - Emirates Development Bank (EDB) has committed US$350 million (AED 1.3 billion) to support the Energy Transition Accelerator...

    The ETAF platform is a global climate finance facility established by the International Renewable Energy Agency (IRENA).

    The announcement was made during the signing of a collaborative partnership agreement between EDB and IRENA.