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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.
  • Hundreds of Sikh Canadians protest against India

    Nearly a week after Canadian Prime Minister Justin Trudeau accused India of being responsible for the killing of a Sikh...

    Slamming the Modi government for the alleged killing, several hundred protestors gathered in Toronto, Ottawa and Vancouver

    There are nearly 770, 000 Canadians professing Sikhism and the country is home to the largest Sikh community in the world outside of India

  • Israel joining US Visa Waiver Program: minister

    Tel Aviv, Israel - The United States will declare its participation in the Visa Waiver Program (VWP) this week,  Israel's...

    To be admitted to the VWP, countries must commit to treating all US travelers equally, irrespective of other passports they may possess

    For Israel, this would mean allowing Palestinian Americans to travel freely at its airports and within the occupied Palestinian territories

  • Saudi Arabia launches new TV channel to highlight ‘rapid progress’

    Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...

    The channel will showcase the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements, which are reflected in the diverse events

    The airing of the channel comes at a time when the kingdom is witnessing a significant increase in the number of events, exhibitions, and conferences

  • Growing IT outlays intensify MENA’s transformation

    The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services...

    The region's IT spending is projected to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth

    This surge aligns with the MENA region's push for digital transformation, enhanced cybersecurity, and a focus on generative AI initiatives

  • Central Bank of Bahrain treasury bills oversubscribed by 149 percent

    MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent....

    The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

    The issue date of these bills is September 27 2023 and the maturity date is December 27 2023.

  • Libya orders arrest of 8 officials in flood disaster probe: Prosecutor

    The officials are suspected of "bad management" and negligence, among other offences, a statement from the prosecutor general's office said,...

    Derna's mayor Abdulmonem al-Ghaithi, sacked after the flood, is among the detainees. Almost 3,900 people died in the disaster.

    After opening a probe, Libya's prosecutor general Al-Seddik al-Sur said more than a week ago that the two dams upstream from Derna had been cracked since 1998.

  • Egypt to elect President in three-day election from Dec 10

    President Abdel Fattah al-Sisi, a former army chief, has ruled for nearly a decade in the Arab world's most populous...

    Presidential hopefuls can apply from October, and the list of candidates is to be finalized by November 9, said the Egypt's National Election Authority

    The vote comes at a time Egypt's currency has lost half its value since March 2022 and inflation reached an all-time high of 39.7 percent in August

  • Israeli forces kill two Palestinians in West Bank raid: ministry

    Violence has surged in the Israeli-Palestinian conflict since early last year, particularly in the West Bank where eight Palestinians have...

    The army said one of its soldiers was "moderately injured by gunshot fragments" during clashes in Nur Shams refugee camp near the town of Tulkarem

    Separately on Sunday, the army said it carried out new drone strikes on the Gaza Strip targeting "two military posts" of the Islamist group Hamas

  • Sicilian Mafia boss Messina Denaro dies in hospital

    Messina Denaro was one of the most ruthless bosses in Cosa Nostra, the real-life Sicilian crime syndicate depicted in the...

    The 61-year-old had been treated for colon cancer while detained in a high-security jail in L'Aquila, but was moved last month to hospital after his condition deteriorated

    L'Aquila Mayor Pierluigi Biondi confirmed the mobster's death in hospital "following a worsening of his illness" in a statement to the ANSA news agency

  • Iran does not intend to build nuclear weapons: Raisi

    Defending his country's enrichment of uranium to 60 percent purity level, noting that it was a response to European states...

    In 2021, Iran began to enrich uranium to 60 percent in the wake of an attack on its nuclear facility in Natanz

    The president said the US-brokered effort to normalize Israeli relations with Gulf States will not succeed