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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.
  • India-Middle East trade corridor hits Turkey hurdle, alternate route proposed

    Ankara, Turkey - Turkey is engaged in “intensive negotiations” with regional partners to propose an alternative to the India-Middle East...

    The country has proposed $17 billion Iraq Development Road initiative which would take goods from the Grand Faw port in Iraq through 10 Iraqi provinces and into Turkey

    The project will utilize a high-speed rail and road network and is divided into three phases, with the final phase expected to be completed by 2050

  • Iraq pledges to raise financial support for Kurdistan

    Days after thousands of people took to the streets in the Kurdistan region over unpaid civil service salaries which they...

    Three state-banks will loan the funds and then be reimbursed by the finance ministry in Baghdad

    Baghdad has been blamed long by Iraqi Kurdistan for not sending the necessary funds to pay civil servants

  • Chinese FM Wang Yi to visit Russia Sept 18-21: foreign ministry

    Beijing, China - China's top diplomat Wang Yi will begin a four-day visit to Russia for security talks on Monday,...

    China and Russia are strategic allies, with both countries frequently touting their "no limits" partnership and economic and military cooperation

    Their ties became even closer after Russia invaded Ukraine in February last year, which China has refused to criticize

  • Three firefighters die in Turkey helicopter crash

    ISTANBUL, TURKEY - Turkish divers searched on Sunday for the bodies of three firefighters who died when their helicopter crashed into...

    Turkey has funnelled resources into its emergency response efforts after being gripped by devastating fires in 2021.

    Global warming is changing weather patterns and contributing to a years-long drought across swathes of Turkey.

  • Egypt coalition says it will shun presidential election

    The coalition's potential presidential candidate, Hisham Kassem, was Saturday sentenced to six months in jail. The presidential election, expected to...

    The only candidate campaigning so far, Ahmed al-Tantawi, has denounced repeated harassment by the security forces against his teams and supporters.

    Kassem's Free Current coalition, formed in June by opposition parties, advocates economic liberalization and calls for an end to the army's stranglehold on Egypt's economy.

  • WHO tells China to provide ‘full access’ to Covid investigators

    GENEVA, SWITZERLAND - The head of the World Health Organization told the Financial Times he was ready to send a new...

    WHO chief said he had already written to China asking "to give us information " and for the organization to send a team "if they allow us to do so".

    He said WHO would not abandon its investigation and has called on China for transparency in sharing data and carrying out investigations.

  • Saudi Arabia participates in global meet to bridge digital divide

    RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated...

    The meeting aims to enhance the contribution of the communications, space and technology sectors for attaining sustainable development objectives.

    The meeting also aims to propose policies and recommendations to bridge the digital divide and promote and develop the digital economy.

  • Jordan’s interconnection projects to serve as hub for energy exchange

    AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection...

    Jordanian authorities are working on a project to connect the Kingdom’s Risha electrical station to Iraq's Rutba station.

    The interconnection line will allow the Iraqis to power the Rutba area's loads, using the Jordanian grid.

  • Desperate Sudanese face endless wait for passports so they can flee

    A million people have crossed Sudan's borders since April, fleeing the devastating war between the Sudanese army and the paramilitary...

    Since the authorities inaugurated a new passport office in the eastern city of Port Sudan in late August, hundreds of people have lined up all day, every day

    Sudan was already one of the world's poorest countries even before the war broke out, but now it has plunged into a horrific humanitarian crisis

  • Water-starved Saudi Arabia confronts desalination’s heavy toll

    The Jazlah plant in Jubail city applies the latest technological advances in a country that first turned to desalination more...

    Lacking lakes, rivers and regular rainfall, Saudi Arabia relies instead on dozens of facilities that transform water from the Red Sea into something potable

    The national Saline Water Conversion Corporation reports production capacity of 11.5 million cubic meters per day at 30 facilities