Search Site

‘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.
  • Saudi Arabia’s natural reserve makes it to UNESCO heritage list

    Riyadh, Saudi Arabia -- The Uruq Bani Ma'arid Reserve in Saudi Arabia has been inscribed on the UNESCO World Heritage...

    Uruq Bani Ma'arid Reserve occupies an area of over 12,750 km2 and is the only major sand desert in tropical Asia.

    It provides vital natural habitats for the survival of more than 120 indigenous plant species.

  • GCC ministers call upon Iraq to respect Kuwait sovereignty

    New York, United States -- At a meeting on the sidelines of the 78th session of the UN General Assembly,...

    The foreign ministers asked Baghdad to adhere to UN resolutions, particularly Resolution 833, which pertains to the demarcation of the Kuwait-Iraq borders.

    Expressing hope for continued cooperation from Iraq, the ministers urged both Iraq and the UN to make every effort to resolve the related issues.

  • India stops processing visas in Canada amid spiralling row over activist’s slaying

    Canada's Prime Minister Justin Trudeau has demanded India treat with "utmost seriousness" allegations that Indian agents played a role in...

    The suspension of visas comes a day after India's foreign ministry said it was concerned for the safety of its citizens in Canada because of "politically condoned hate crimes"

    "Threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda," an Indian ministry statement said Wednesday

  • MBRSC key in elevating UAE’s space exploration status

    "With the successful accomplishment of Sultan Al Neyadi’s mission to space, the Mohammed bin Rashid Space Centre has completed another...

    Sheikh Hamdan praises MBRSC team for ensuring Sultan Al Neyadi's mission success

    'Zayed 2' mission showcases Emirati capabilities and marks a significant milestone, he adds

  • Israel, Saudi Arabia see progress on ties as Iran sounds warning

    Netanyahu, who has had rocky relations with Biden, said he believed a deal was "within our reach" and credited him....

    US President Joe Biden is hoping to transform the Middle East and score an election-year diplomatic victory

    Meeting Israeli Prime Minister Netanyahu in New York, Biden quipped that he had "Irish optimism" on securing a deal with Saudi Arabia

  • Iran may trigger nuclear arms race, says Saudi Arabia

    Saudi Crown Prince Mohammad Bin Salman cautioned against the world witnessing another tragedy like Hiroshima in an interview, saying it...

    Saudi Crown Prince cautioned against the world witnessing another tragedy like Hiroshima

    He denied any pause in negotiations with Israel and expressed optimism about the normalization

  • UK to revoke plan to attain net zero emissions by 2050

    LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with...

    The move comes amid growing concern over the potential financial cost of the government's policies to achieve net zero carbon emissions by mid-century.

    Prime Minister Sunak said while the government was committed to the net zero target, it would try to achieve it "in a better, more proportionate way".

  • EU nominates Mahsa Amini and Elon Musk for top rights award

    BRUSSELS, BELGIUM- Mahsa Amini, the Iranian Kurdish woman who died in custody a year ago, and billionaire Elon Musk were among...

    The European Parliament's three biggest political groups each backed Mahsa Amini as the recipient for this year's Sakharov Prize.

    The legislature's small far-right bloc was the only one to nominate Elon Musk, the tech titan behind X, the platform formerly known as Twitter.

  • Sharjah Chamber to host two-day Gulf-Iraq Business event

    SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq...

    The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities.

    The Chamber hopes the event starts new wave of economic, trade, and industrial relations between the GCC countries and Iraq.

  • Russian defense minister says Moscow-Tehran ties improving despite sanctions

    MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...

    The Russian defense minister announced readiness to take joint steps to strengthen stability and security in the Middle East.

    The Russian minister said that cooperation and dialogue between Moscow and Tehran has enhanced recently.