Search Site

‘TAQA’ prices $1.75bn dual tranche

The 12-year senior unsecured notes are sized $850m.

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.
  • Hamas seeks to let go Russian-Israeli hostages, says Russian media

    Hamas is trying to locate eight Russian-Israeli dual citizens among nearly 230 taken hostage during its members' attack on Israel...

    "From the Russian side, via the foreign ministry, we received a list of citizens that have dual citizenship," senior Hamas representative Moussa Abu Marzook said.

    The Kremlin admitted earlier this week it had not succeeded in freeing Russian hostages and that it did not know how many of its citizens had been taken.

  • Iran, Russia to invest $38bn in developing INSTC

    TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...

    The Iranian head of Solyanka Port spoke of the measures taken by the Islamic Republic of Iran Shipping Line (IRISL ) to develop the INSTC route.

    The IRISL group purchased 30 rail wagons, 5,400 containers and ordered the construction of 21 equipped vessels for strengthening maritime routes.

  • 32 killed in fire at ArcelorMittal mine in Kazakhstan

    KARAGANDA, KAZAKHSTAN - A fire at a mine in Kazakhstan owed by steel giant ArcelorMittal killed 32 people on Saturday, with...

    The fire was Kazakhstan's worst mining accident since 2006, when 41 miners died at an ArcelorMittal site.

    The company said 252 miners have been brought out from underground and that rescue operations were ongoing.

  • Skirmishes on Israel-Lebanon border displace thousands

    The International Organization for Migration said in an update that 28,965 people have been displaced, mainly in the country's south,...

    Many displaced people are living in makeshift shelters in the southern Lebanon's larger towns

    Some 58 people have been killed in the cross-border exchanges of fire, most of them Hizbollah fighters

  • US, China agree to work towards Biden-Xi meeting next month

    With the Israel-Hamas conflict raging in the Middle East, Biden also "underscored that the United States and China must work...

    Biden has invited Xi Jinping to San Francisco in November for the Asia-Pacific Economic Cooperation (APEC) summit, amid tense relations with China

    A senior administration official said the White House was leaving it to Beijing to confirm that Xi would come but "we are making preparations for just such a meeting."

  • US supports ‘humanitarian pauses’ to let aid into Gaza

    White House National Security Council spokesman John Kirby said the US supports pauses in Israel's war against Hamas in order...

    His comments came after EU leaders demanded "humanitarian corridors and pauses" in the conflict

    In the meantime the Israeli army said it would extend ground operations in the Gaza Strip on Friday

  • AI revolutionizes real estate across GCC countries

    Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler...

    Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.

    AI helps tenants find perfect homes, introducing dynamic pricing based on various factors, while data privacy concerns persist in its real estate integration, he adds.

  • UN raises war crimes concerns over Israel-Hamas conflict

    The United Nations said it was concerned that war crimes were being committed on both sides in the conflict between...

    Israel has cut supplies of food, water and power to Gaza, notably blocking all deliveries of fuel saying it would be exploited by Hamas.

    The UN official said a humanitarian catastrophe was unfolding for the people "locked inside Gaza who are being collectively punished.

  • UN finds Hamas’ list of death toll in Gaza shelling ‘credible’

    "In the past, the five, six cycles of conflict in the Gaza Strip, these figures were considered as credible and...

    The fatalities in Gaza are the highest since Israel withdrew from the Palestinian territory in 2005.

    A UN official said 57 UNRWA staff had been killed since the conflict began, explaining how the agency's toll reflected the broader casualty rate in Gaza.

  • COP28 summit targets 68% cooling emissions cut by 2050

    "Without policy intervention, direct and indirect emissions from air conditioning and refrigeration are projected to rise 90 percent above 2017...

    Cooling methods currently account for over seven percent of global greenhouse gas emissions, according to the United Nations

    The UN has said there are already an estimated 3.6 billion cooling appliances being used globally, but that figure is expected to soar