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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.
  • American economist Claudia Goldin awarded economics Nobel

    The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod...

    Goldin said the prize was "important", but there are "still large" gender inequalities on the labor market.

    Goldin has "trawled the archives and collected over 200 years of data from the US," the jury said.

  • gaza, israel, oil, crude

    OPEC sees no peak in global oil demand on the horizon

    In its 2023 annual report, the Organization of the Petroleum Exporting Countries forecasts demand for crude to reach 116 million...

    According to OPEC, whose 13 member states include Saudi Arabia, the Gulf states and Venezuela, oil demand will be driven by emerging and developing nations.

    OPEC also backed developing technological solutions to reduce emissions, such as carbon capture and storage.

  • Death toll soars above 1,100 in Israel’s war with Hamas

    Caught unawares by the surprise attack, PM Benjamin Netanyahu has warned Israelis to prepare for a "long and difficult war"...

    At least 413 people have been killed in Gaza in Israeli air strikes on nearly 800 targets in the blockaded and impoverished enclave of 2.3 million people

    According to the Israel Defense Forces, more than 700 Israelis have been killed since Hamas launched its large-scale attack, the country's worst ever losses

  • Biden orders ‘additional support’ for Israel: White House

    Washington, United States -- US President Joe Biden has ordered "additional support" for Israel after the attack by Palestinian militant group...

    The announcement came after a senior administration official had said on Saturday that high-level discussions between US and Israeli officials on military aid were already underway

    Biden and Vice President Kamala Harris were briefed by national security officials on the situation in Israel early Sunday and will continue to receive updates.

  • Gaza is an impoverished area under Israeli blockade, hit by war

    PARIS, FRANCE - The Gaza Strip is an impoverished Palestinian enclave that has been under Israeli blockade since 2007. It is...

    One of the most densely populated places in the world, Gaza is home to over two million people living on a 362-square-kilometer area.

    Israel occupied Gaza during the 1967 Six-Day War and it was only fully returned to Palestinians in 2005.

  • Saudi Arabia, India ink MoU on electrical interconnectivity, green hydrogen

    RIYADH, SAUDI ARABIA - India and Saudi Arabia signed a Memorandum of Understanding (MoU) here in electrical interconnection, green/clean hydrogen,...

    The signing took place during the Middle East and North Africa Climate Week 2023 in Riyadh, Saudi Arabia.

    The MoU was signed by Saudi Arabia’s Minister of Energy and India’s Minister of Power and New and Renewable Energy.

  • Two Israeli tourists, one Egyptian killed in Alexandria shooting

    The policeman fired "at random" at an Israeli tour group visiting Alexandria using "his personal weapon", the state-affiliated private television...

    Egypt was the first Arab country to forge a peace deal with Israel in 1979 and has long served as a key intermediary between Israel and the Palestinians.

    On Saturday, Egypt's President Abdel Fattah al-Sisi warned of a "vicious cycle of tensions threatening regional stability and security".

  • Major airlines cancel dozens of flights to Tel Aviv

    Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...

    At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights

    But airport authorities did not stop commercial air links with Eilat, Israel's second international airport

  • MOCCAE and Tadweer sign MoU to launch ‘Waste to Zero’ initiative

    Abu Dhabi, UAE -- UAE's Ministry of Climate Change and Environment (MOCCAE) and Abu Dhabi Waste Management Company (Tadweer) have...

    The initiative is part of the Year of Sustainability and UAE's preparations for hosting the Conference of the Parties COP28.

    The initiative aims to strengthen the UAE's role in leading global action and contribute to international efforts to achieve the 43% emission reduction target by 2030.

  • Israel-Hamas conflict intensifies as Hizbollah joins in

    World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of...

    World calls for restraint as Palestinian death toll reaches 370 and Israeli casualties cross 600, prompting Netanyahu to warn of a "long and difficult" battle against Hamas.

    Lebanon's Hizbollah attacks from the north, supporting Hamas, while Israel strikes 426 Hamas locations, including tunnels and infrastructure, intensifying the conflict