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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.
  • GCC, Pakistan ink preliminary free trade agreement

    RIYADH, SAUDI ARABIA - Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed AlBudaiwi said that preliminary free trade agreement...

    The agreement was signed by GCC Secretary-General Jasem Mohamed AlBudaiwi and Pakistani Commerce Minister Dr. Gohar Ejaz.

    The Secretary-General stressed that the GCC countries are proceeding with free-trade negotiations with other countries.

  • Jailed Tunisia opposition chief Rached Ghanouchi begins hunger strike

    The 82-year-old leader of Ennahdha was sentenced to one year in prison on terrorism-related charges in May following his arrest...

    He is the most prominent of roughly two dozen opponents of President Kais Saied arrested since February, including former ministers and business figures.

    Ghannouchi "decided to begin a three-day hunger strike to denounce the arbitrary and unfounded prosecution of the opposition", said Imed Khemiri, Ennahdha spokesman.

  • Politicians fail to understand scientific facts of climate, says expert

    PARIS, FRANCE - Wavering ambition by governments and a growing belief that science is politically subjective are great causes for concern...

    Several extreme weather events have occurred in 2023, which the European Union's climate monitor says is likely to be the hottest in human history.

    These underscores the urgency of slashing planet-heating greenhouse gas emissions to avert the catastrophic impacts of greater global warming.

  • US State Department says 60,000 emails taken in alleged Chinese hack

    State Department spokesman Matthew Miller said that the State Department has not formally assigned blame but had no reason to...

    Microsoft revealed in July that a Chinese hacking group had breached its email platform and accessed messages from around 25 organizations including US government agencies

    "It was approximately 60,000 unclassified emails that were exfiltrated as a part of that breach," State Department spokesman Matthew Miller told reporters

  • US and India discuss India-Middle East-Europe Economic Corridor

    Washington, United States - US Secretary of State Antony Blinken and India’s External Affairs Minister S Jaishankar held discussions in...

    The corridor comprises two separate routes: the East corridor connecting India to West Asia/Middle East and the Northern corridor connecting West Asia/Middle East to Europe

    A critical component of this initiative is a rail line that, upon completion, will establish a reliable and cost-effective cross-border ship-to-rail transit network

  • East Libya strongman in Moscow talks with Putin

    Haftar, who sponsors a rival administration to Libya's UN-backed government in Tripoli, has long cultivated close relations with Moscow and relies...

    Kremlin spokesman Dmitry Peskov confirmed Haftar's meeting with Putin, saying the two discussed the situation in Libya and the region as a whole

    The eastern strongman, who arrived in Moscow on Tuesday, had already held talks with Deputy Defense Minister Yunus-Bek Yevkurov during his visit

  • China wants to be world’s strongest nation, says Blinken

    WASHINGTON, US  - China is seeking to surpass the United States as the top power in the world, US Secretary of...

    Asked at a forum about China's intentions, Blinken said, "I think that what it seeks is to be the dominant power in the world -- militarily, economically, diplomatically".

    President Joe Biden's administration, while saying it is clear-eyed on China and stepping up pressure, has also been increasing dialogue in hopes of managing tensions.

  • UAE Council review cybersecurity in Jordan summit

    Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...

    The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.

    This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.

  • EU close to ratify new deal on asylum seeker and migrants

    Part of the aim of the revised policy is for European Union countries to act together should they be faced...

    Once implemented, the new Pact on Migration and Asylum would seek to relieve the pressure on so-called frontline countries such as Italy and Greece.

    Those countries opposed to hosting asylum-seekers -- Poland and Hungary among them -- would be required to pay the ones that do take migrants in.

  • UAE, Egypt central banks ink currency swap deal

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Central Bank of Egypt (CBE) on Thursday...

    The CBUAE is keen to deepen its cooperation with the CBE to positively impact the trade and investment, said the Governor of UAE’s central bank.

    This step will bolster cooperation between the financial sectors in both the currencies, said the Governor of Egypt’s central bank.