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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.
  • France exhorts Hezbollah to stay out of Israel-Gaza conflict

    Hezbollah and other Palestinian factions in Lebanon have exchanged cross-border fire with Israel since Hamas's surprise October 7 attack on...

    Paris also called for reporters covering the Israel-Hamas war to be protected after one journalist was killed and six others wounded in firing along the Lebanese border on Friday

    Hezbollah and Lebanon must "exercise restraint to avoid opening a second front in the region", of which "the first victim will be Lebanon", French presidency said in a statement

  • Evacuating Gaza patients effectively death sentence: WHO

    The UN health agency said in a statement that it strongly condemns Israel's repeated orders for the evacuation of 22...

    WHO said the forced evacuation will further worsen the current humanitarian and public health catastrophe

    Israel struck northern Gaza with fresh air strikes on Saturday before an expected ground offensive

  • Second US aircraft carrier to back Israel as Biden stresses civilian protection

    The presence of the USS Eisenhower and its affiliated warships in the eastern Mediterranean signals Washington's "ironclad commitment to Israel's...

    US President Joe Biden spoke on the phone Saturday with Israeli Prime Minister Benjamin Netanyahu and "affirmed his support for all efforts to protect civilians"

    Biden also spoke with Palestinian leader Mahmud Abbas for the first time since hostilities broke out a week ago and "condemned Hamas' brutal attack on Israel"

  • Chinese envoy to visit Middle East to push peace talks

    The envoy "will visit the Middle East next week to coordinate with various parties for a ceasefire, to protect civilians,...

    Beijing's top diplomat Wang Yi called for the United States to "play a constructive and responsible role" in the conflict

    Zhai met with Arab League's representatives and said Beijing supported the regional group role on the Palestinian issue

  • Middle East emerges as a global esports powerhouse

    The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by...

    The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by its vast gamer community and strategic investments

    The region's esports growth transcends gaming, with stakeholders from elite teams to media firms collaboratively shaping the region's live entertainment future

  • Aid groups urge Gaza safe zones amid Israeli invasion threat

    Jerusalem - International aid groups and major powers have pleaded with Israel to set up safe zones in Gaza where...

    Currently, Israel has designated two north-south routes in Gaza where it has promised safe passage for six hours a day, but its validity remains uncertain.

    The United States and Doctors Without Borders called for "secure zones" and the Norwegian council said there should be "humanitarian corridors".

  • Egypt, Israel to allow US citizens to leave Gaza via Rafah crossing

    Riyadh, Saudi Arabia - Egypt and Israel have agreed to let US citizens leave the Gaza Strip through the Rafah crossing...

    The official said that 500-600 US citizens in the Gaza Strip had reached out for information on leaving the hemmed in territory.

    US officials earlier had voiced interest in letting people flee to Egypt but backtracked after seeing limited support in the region.

  • Israel refuses to give more time for Gaza evacuation

    Jerusalem - The Israeli military said on Saturday that Gaza City residents must not delay their departure before a military...

    Israel has faced calls from the United Nations, United States and European Union to delay an expected full offensive to give civilians time to leave.

    The Israeli military has indicated that Gaza city will be the focus of its operations because this is the base for the Hamas leadership.

  • WHO transports Gaza aid to Egypt, waits for humanitarian access

    Geneva, Switzerland - The World Health Organization said on Saturday enough basic health supplies to serve 300,000 people in the Gaza...

    The WHO supplies include enough medicines to treat 1,200 wounded patients and 1,500 patients suffering from various diseases.

    The supplies were ready to go in once humanitarian access could be established through the Rafah crossing from Egypt into the southern Gaza Strip.

  • IMF agrees on rise in funding, extra Africa board seat

    The IMF announced member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third...

    The quotas, which are based on the size of a country's economy, determine how much funding a nation should provide to the IMF.

    IMF chief Kristalina Georgieva and World Bank President Ajay Banga used this week's meetings to urge members to step up funding.