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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.
  • Saudi business delegation visits ZSBVC steel factory in Vietnam

    HANOI, VIETNAM  - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and...

    The visit aims to explore investment opportunities, enhance trade, investment and industrial cooperation between Saudi Arabia and Vietnam.

    The visiting delegation was briefed on the production lines at Zamil Steel Building Vietnam Co and witnessed the skill of the workers.

  • Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

    TEHRAN, IRAN  â€“ The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...

    Qatar has been a mediator in talks that led to a prisoner exchange deal between Iran and the United States.

    The deal involves the release of five prisoners from each side and the unfreezing of some US$6 billion worth of Iranian funds.

  • Saudi hosts Yemen’s Iran-backed rebels for talks on ending war

    Houthis headed for Riyadh on an Omani plane, days after Saudi de facto ruler Crown Prince Mohammed bin Salman met...

    Senior Houthi figures took off from Yemen's capital Sanaa for their first public visit to oil-rich Saudi since Riyadh began spearheading a military intervention

    The official Saudi Press Agency said Riyadh "invited a delegation from Sanaa to visit the kingdom" to complete talks held in the Yemeni capital earlier this year

  • Turkey casts doubt on need for new Russian gas hub

    Putin first raised the idea of creating "a gas hub in Turkey for supplies to other countries" during talks with...

    Turkish Energy Minister Alparslan Bayraktar told a group of reporters on Thursday that Turkey already had a well-functioning gas trading platform

    Russia currently ships gas to Turkey via two pipelines running under the Black Sea and Turkey sends some of that gas onto southeastern European countries

  • Palestinian fighters in Lebanon camp agree on truce

    SIDON, LEBANON - Palestinian fighters agreed a new ceasefire on Thursday after more than a week of deadly violence in Lebanon's...

    At least 17 people have been killed and around 100 wounded in the fighting in Ain al-Helweh refugee camp, on the outskirts of Sidon, Lebanon.

    Previous ceasefires had collapsed when the warring parties failed to honour commitments to hand over fighters wanted by the other side.

  • Leaders of China’s National People’s Congress, UAE’s FNC hold talks

    BEIJING, CHINA – Chairman of China’s National People's Congress (NPC) Standing Committee Zhao Leji held talks in Beijing with the...

    China, the UAE have consolidated political mutual trust and expanded cooperation.

    China supports the UAE in playing a bigger role in international and regional affairs.

  • Tunisia bars entry to European Parliament delegation of five MEPs

    "We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five...

    Legislators from the parliament's foreign affairs committee were due to head to the North African country on Thursday on a fact-finding mission.

    However, Tunisia's foreign ministry said on Thursday that the lawmakers would not be allowed entry due to "multiple reservations" about the visit.

  • Yemen peace push: Houthi delegation to visit Saudi Arabia

    The Houthis' visit, expected within the coming days, will raise hopes of a breakthrough in the quagmire conflict that has...

    Yemen was plunged into war when the Houthis seized control of the capital Sanaa in September 2014, prompting the Saudi-led intervention the following March.

    The ensuing fighting has forced millions from their homes, causing one of the world's worst humanitarian crises in a country already pummeled by decades of conflict and upheaval.

  • Diverse business models needed for trade with China, say Union of Arab Chambers

    BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...

    The secretary general of the Union of Arab Chambers said there was a rise in the variety of goods traded between China and the Arab world in recent years.

    Arab nations and China cannot simply rely on the traditional pattern of cooperation that emphasizes on imports and exports of products.

  • Relations with Iran will be strong, says Saudi envoy

    TEHRAN, IRAN - Saudi Arabia's Ambassador to Iran Abdullah bin Saud al-Anzi has said that relations between the two countries...

    The Saudi envoy expressed satisfaction with his country's ties with Iran and the two sides' resumption of bilateral diplomatic relations.

    He said that any pact between Saudi Arabia and Iran will lead to the enhancement of peace and security in the entire region.