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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.
  • 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.

  • Israel sells Arrow 3 missile defense system to Germany for US$3.5bn

    TEL AVIV, ISRAEL - Israel's US$3.5-billion sale of its Arrow 3 missile defense system to Germany, sparked by security fears after...

    Israeli arms exports reached a new record of $12.5 billion dollars last year, double the amount from three years earlier, says its defense ministry.

    Israel, together with its top ally the United States, has developed hi-tech systems designed to knock incoming rockets and missiles out of the sky.

  • Israel top court hears appeals against rules for removing prime minister

    Israel's top court debated appeals against a law restricting how a prime minister can be removed from office, as current...

    The legislation says that a prime minister can be declared unfit for office due to health reasons.

    The law says a two-thirds majority in cabinet is required to take such a step, before the move is approved by at least 80 of the parliament's 120 members.

  • US allows visa free entry for Israelis citing less discrimination

    The Biden administration made the decision after Israel in July promised a series of steps to comply with longstanding US...

    By the end of November, Israelis will be in the same league as citizens of most Western nations by not needing visas for trips of 90 days or less to the world's largest economy

    A number of lawmakers from Biden's own Democratic Party had urged Blinken not to go ahead before a Saturday deadline and instead exert pressure for greater change.

  • Iran successfully test fires military satellite, says state media

    Wednesday's launch was carried out by the aerospace wing of the Islamic Revolutionary Guard Corps (IRGC), the ideological arm of...

    "The Nour-3 imaging satellite... was successfully placed in orbit 450 kilometers (280 miles) above earth," the IRNA news agency said.

    The United States has repeatedly warned Iran against such launches, saying the same technology can be used for ballistic missiles.

  • World Bank chief vows to tackle ‘dysfunctionality’ at development lender

    The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its...

    Banga has previously called on World Bank to collaborate more closely with the private sector to meet the enormous costs associated with climate change mitigation and adaption

    On Tuesday, Banga said the bank should carefully target where it wants to encourage private investment to help cap carbon emissions in order to have the biggest impact

  • Saudi envoy seeks to reassure Palestinians amid Israel talks

    Sudairi's delegation, which crossed overland from Jordan, was the first from Riyadh to visit the West Bank since the 1993...

    In a sign of the thaw, Israel's Tourism Minister Haim Katz visited Riyadh on the same day, for the first such high-level public mission to the oil-rich kingdom

    Speaking at a ceremony Tuesday marking the 1973 Arab-Israeli war, Israeli Prime Minister Benjamin Netanyahu said "many states in the Middle East want peace with Israel"

  • Erdogan confirms that Turkey will host Netanyahu in the next two months

    New York, Washington - Turkish President Recep Tayyip Erdogan has announced that Prime Minister Benjamin Netanyahu is scheduled to visit...

    Two leaders met in New York on the sidelines of the 78th session of United Nations General Assembly

    Netanyahu was due to travel to Turkiye in July, but postponed the trip as he had a pacemaker implanted

  • France warns Lebanon financial aid at risk over presidency deadlock

    French President Emmanuel Macron's special envoy urged Lebanese factions to find a "third way" for electing a new president, warning...

    Lebanon has been without a president for almost a year after ex-head of state Michel Aoun's mandate expired.

    Lebanon's president is elected by parliament, where neither side has a majority, rather than by universal suffrage.

  • Top army officials from 30 nations review threats in Asia-Pacific

    New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday...

    US Army chief Randy George said the region was "critically important", speaking to reporters alongside his Indian counterpart Manoj Pande.

    Generals from Japan and Australia, which make up the "Quad" defense cooperation forum alongside Washington and New Delhi, also took part.