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‘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.
  • Saudi Arabia launches bus transport project linking 200 cities

    RIYADH, SAUDI ARABIA – The Kingdom’s Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser here launched a significant...

    The project will have a capacity to accommodate six million passengers annually.

    It will operate through three international alliances in three concession areas.

  • Iran warns of ‘action’ against Israel by ‘resistance axis’

    Iran's Foreign Minister Hossein Amir-Abdollahian warned in a live broadcast to state TV of the possibility of pre-emptive action by...

    The minister said the "resistance leaders" will not allow Israel "to do whatever it wants in Gaza"

    The Islamic republic celebrated the Hamas assault but was at pains to stress that it was not involved

  • Biden to visit Israel, will also meet King Abdullah II, Sisi, Abbas in Jordan

    Biden will visit Tel Aviv, National Security Council spokesman John Kirby said in Washington. He also announced that Biden would...

    Biden "will hear from Israel what it needs to defend his people as we continue to work with Congress to meet those needs," Blinken said

    US officials said that a new US coordinator on humanitarian aid, David Satterfield, would work with Israel to develop more concrete plans

  • Russia returns four Ukrainian children in Qatari deal

    Since its invasion of Ukraine in February last year, Russia has been accused of taking thousands of Ukranian chlidren to...

    The children are going back to Ukraine via Qatar, Estonia, Poland, Latvia and Lithuania

    Ukraine has welcomed the return of the four children, describing it an "important day"

  • WHO says only 24 hours for aid to enter Gaza before catastrophe

    If aid is not allowed into the besieged territory, doctors will have to "prepare death certificates for their patients," WHO...

    With emergency responders overwhelmed, doctors working around the clock and a dire lack of space, "bodies cannot be properly taken care of", WHO official said

    Overcrowding has paralyzed hospitals, where "intensive care units, operating rooms, emergency services and other wings" are all on the brink of collapse, he said

  • Iran says time running out for political solution in Gaza war

    TEHRAN, IRAN - Iran on Monday said time was running short to reach a political solution in the Israel-Gaza conflict, warning...

    Iranian President Ebrahim Raisi on Monday held phone calls with his Russian and Turkish counterparts.

    During his phone call with Russian President Vladimir Putin, Raisi warned of a "possibility of expanding the scope of war and conflict to other fronts".

  • UAE invests $36bn in renewable energy projects in 2022, says ADDED  chairman

    ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...

    The UAE has successfully enticed a staggering US$23 billion in 2022, up 10 percent from 2021, to be ranked 16th globally in FDI attraction.

    UAE is now the world's fourth-largest recipient of greenfield projects, with nearly a thousand ambitious ventures announced last year.

  • Arab groups quit German Book Fair after Palestinian author row

    Frankfurt, Germany - The postponement of a Palestinian author's award ceremony at the Frankfurt Book Fair due to the Israel-Hamas conflict...

    Sharjah Book Authority, in the United Arab Emirates, said in a statement that "we champion the role of culture and books to encourage dialogue and understanding between the people.

    Adania Shibli was due to receive the honor for her book "A Minor Detail," a work based on the real events of a 1949 rape and murder by Israeli soldiers.

  • Israel says Hamas took 199 people as hostages during attack

    Jerusalem, Undefined - The Israeli military on Monday raised the figure to 199 people confirmed to have been abducted by Hamas...

    "We have updated the families of 199 hostages," military spokesman Daniel Hagari told a media briefing, revising up an earlier figure of 155 captives.

    "The efforts on the hostages are a top national priority," Hagari said. "The army and Israel are working around the clock to bring them back."

  • China prepares for BRI summit under shadow of Israel-Gaza war

    At the top of the invitation list to China's Belt and Road Initiative forum is Russia's President Vladimir Putin, on...

    While China hopes the forum will help boost its international standing, Israel's war with Palestinian organization Hamas will continues to dominate the headlines

    China's Foreign Minister Wang Yi condemned Israel's actions for going "beyond the scope of self-defense" and called for it to "cease its collective punishment of the people of Gaza