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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.
  • Gulf Common Market aims for economic unity by 2025

    The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between...

    The bloc's initiative aims for a customs union by 2024, fostering competition and ensuring the smooth flow of goods between Gulf countries through joint economic action

    Additionally, the Gulf Common Market will also contribute to regional political stability, bolstering military cooperation and enhance tourism and investments in the region

  • A ‘new front’ in Hamas war depends on Israel’s actions, says Iran

    Speaking from Beirut's airport, the top diplomat said that Iran's regional allies, known as the "axis of resistance", could respond...

    Although Tehran has been a long-term backer of Hamas, Iranian officials have been adamant that the country had no involvement in the Hamas attack

    Nevertheless, the United States fears the opening of a second front on Israel's northern border with Lebanon if Hezbollah were to intervene

  • Egypt receives humanitarian aid bound for Gaza

    Cairo, Egypt- The first shipment of humanitarian aid arrived in Egypt's Sinai on Thursday from Jordan, state-affiliated media reported, to be...

    El-Arish airport, 30 miles away from the Rafah border crossing into Gaza, "has been designated by Egyptian authorities to receive international humanitarian aid.

    It was not immediately clear when the aid would arrive in Gaza, after three Israeli air strikes on the Rafah border crossing resulted in its closure.

  • Israel-Hamas war a ‘new cloud’ over world economy, says IMF

    Marrakesh, Morocco-- The war between Israel and Hamas has cast a shadow over the IMF-World Bank annual meetings in Morocco, with...

    IMF Managing Director Kristalina Georgieva said the International Monetary Fund was "very closely monitoring how the situation evolves" and how it is affecting oil markets

    She said it was "too early" to assess the impact of the conflict, but "this is a new cloud on not the sunniest horizon for the world economy -- new cloud, darkening this horizon

  • Countries evacuate citizens as Israel-Hamas war rages

    Thousands of foreigners are stuck in Israel and across the Palestinian territories, where a full-blown war has erupted since Hamas...

    Argentina, the Latin American country with the largest Jewish population, on Tuesday started evacuating over 1,200 of its citizens from Israel.

    "Around 4,500 German citizens" have registered on a list seeking help to return, a foreign ministry source said.

  • Blinken to visit Saudi Arabia, Egypt and UAE on Israel war

    The three countries are additional stops on his visit that included meetings with King of Jordan and Mahmud Abbas. Blinken...

    Israeli strikes knocked Syria's airports in Damascus and Aleppo, both controlled by the Syrian government, out of service.

    Gaza is being pounded every 30 seconds by Israeli strikes; a total of 4,000 tons of explosives has rained on the besieged territory.

  • Risk of oil supply disruptions due to Hamas-Israel conflict limited: IEA

    The Paris-based agency, in addition to its analysis and advisory roles, coordinates the release of emergency stocks held by its...

    Oil prices jumped at the start of the conflict but have since eased as there was no immediate disruption to supply flows and other nations have not intervened.

    Yet prices remain relatively high thanks to supply cuts by Saudi Arabia and Russia, with the IEA also warning it was beginning to see signs of demand destruction.

  • X rebuffs EU disinformation claims on Israel-Hamas violence

    EU internal market commissioner Thierry Breton raised the alarm in letters sent to Musk and Mark Zuckerberg, whose Meta group...

    The firm's CEO wrote in a letter dated Wednesday that the platform had "taken action to remove or label tens of thousands of pieces of content" related to Israel and Hamas war.

    The letter was addressed to EU internal market commissioner Thierry Breton, who had personally criticized Musk on social media on Tuesday, sparking a public clash between the two.

  • US to place second aircraft carrier in Mediterranean: White House

    Washington, United States -- The second American aircraft carrier, the Dwight Eisenhower, will be placed in the Mediterranean Sea, coordinator...

    "We’re sending a loud and clear message: The US is ready to take action should any actor hostile to Israel consider trying to escalate this war," said John Kirby.

    Tensions flared up again in the Middle East on October 7 when Hamas attacked Israeli territory from the Gaza Strip.

  • Iran calls on Islamic, Arab countries to confront Israel

    Hamas's weekend onslaught saw hundreds of fighters cross into the Israeli border in vehicles, by air and by sea, killing...

    Raisi stated that in order to stop the "genocide of the Palestinians by the Zionists", Iran will coordinate with Islamic countries "as soon as possible"

    During his call with Assad, Raisi also lashed out at Arab countries that have recently normalized or are in discussion to establish ties with Israel