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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.
  • Second Israeli minister in Saudi Arabia amid talk of normalization

    Amid mounting speculation that Saudi Arabia and Israel will normalize ties, the minister traveled to Riyadh for a meeting of...

    Shlomo Karhi is heading a 14-member delegation, including lawmaker David Bitan and representatives of the foreign ministry

    The White House said last week that Saudi Arabia and Israeli were moving towards the outline of a deal to normalize ties

  • GCC FTA, tech MoU enhance Pakistan-Saudi relations

    In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic...

    In landmark developments, Saudi Arabia and Pakistan have taken significant strides to enhance their bilateral relations, especially in the economic and technological arenas.

    The GCC and Pakistan signed a historic Free Trade Agreement and MoU, deepening bilateral relations between the two nations from trade to digital transformation and defense

  • Dubai must possess its distinct emblem, says new decree

    Dubai, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Law No....

    The law says emblem can be utilized across various government facilities, documents, websites, and during government events

    Private entities may also utilize it, provided they obtain prior approval from the Dubai Ruler or his representative

  • Oil industry is an integral part of climate solutions, says COP28 head

    President of the upcoming COP28 climate talks Sultan Al Jaber, also the head of UAE state-owned oil firm ADNOC, told...

    The president of the upcoming COP28 urged oil industry leaders to curb emissions associated with energy production.

    He also encouraged them to embrace "low carbon solutions" like carbon capture and storage,

  • mRNA COVID vaccine experts awarded Nobel Medicine Prize

    Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of...

    While the prizewinning research dates back to 2005, the first vaccines to use the mRNA technology were those made by Pfizer/BioNTech and Moderna against Covid-19.

    The mRNA vaccines, together with other COVID vaccines "have saved millions of lives and prevented severe disease in many more," the jury said

  • Iran says it opposes ‘geopolitical changes’ in Caucasus

    Foreign ministry spokesman Nasser Kanani, while voicing support for Azerbaijan's reclamation of the separatist Nagorno-Karabakh region last month, said Tehran...

    Relations between Baku and Tehran have been traditionally sour, as Turkic-speaking Azerbaijan is a close ally of Iran's historical rival Turkey.

    Nakhchivan does not share a border with Azerbaijan but has been tied to Baku since the 1920s -- and is located between Armenia, Turkey and Iran.

  • At least 38 injured in police HQ fire in Egypt’s Ismailia

    Flames raged through the multi-storey building that was completely obscured by a massive cloud of smoke before the blaze was...

    Interior Minister ordered an investigation into the causes of the fire, as well as a "structural safety review" for the building

    The health ministry deployed 50 ambulances to the scene, which were joined by military emergency services including two planes

  • UAE Vice-President wishes China in Chinese on National Day

    Dubai, UAE - Vice-President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum on Sunday shared a...

    In a video message, Sheikh Mohammed, who is also ruler of Dubai, highlighted the historical connection between the region and China

    Recalling his visits to China, the UAE Vice President said: "I visited China three times in a year. I like the country and I like its people."

  • Turkey pounds PKK bases in Iraq after Ankara bombing

    In the wake of the bombing, Turkish President Recep Tayyip Erdogan had already vowed that "terrorists" would never achieve their...

    On Sunday evening, an official in Iraqi Kurdistan reported Turkish army planes bombing parts of the Bradost region

    Turkey's defense ministry acknowledged an "air operation" in Iraq, adding "20 targets used by terrorists" had been destroyed

  • Iraq and Iran review implementation of security agreement between two countries

    Tehran, Iran--Iraq and Iran have reviewed the implementation of the security agreement in a meeting between the secretary of Iran's...

    Qasim al-Araj, Iraq's NSA, arrived in Tehran on Sunday and held discussions with General Ali-Akbar Ahmadian, the secretary of Iran's Supreme National Security Council (SNSC)

    The agreement guarantees the security of the borders of the two countries, affording a road map to eliminate the insecure components in the region