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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.
  • WFP warns fund cuts could push 24m people to brink of starvation

    Geneva, Switzerland - The World Food Program said Tuesday that shrinking funding was forcing it to drastically slash rations in many...

    WFP said it had been struggling to meet growing global needs for food assistance while facing a funding shortfall of over 60 percent this year.

    WFP estimates that 345 million people worldwide are facing acute food insecurity, at level three or higher on the UN's five-scale food insecurity classification.

  • Building less, repurposing more key to low construction sector emissions

    The industry is responsible for 37 percent of global carbon dioxide emissions and growing urbanization is spurring the construction of...

    Mushrooming urban environments -- which add new buildings in an area equivalent in size to Paris every five days -- damage life-sustaining ecosystems.

    Building less and repurposing existing structures generates 50-75 percent fewer emissions than new constructions, a report said.

  • Red Cross seeks over $100m aid for quake-hit Morocco

    GENEVA, SWITZERLAND - The Red Cross appealed on Tuesday for more than $100 million to provide desperately needed assistance in Morocco,...

    The Red Cross said the funds were needed for "health, water, sanitation and hygiene, shelter relief items and basic needs".

    Search and rescue teams from Morocco and abroad continued to dig through the rubble of homes, hoping for signs of life.

  • Oslo Accords promise turned into ‘destroyed dreams’ in Gaza

    Oslo Accords were meant to lead to a free Palestine, but years of stalled negotiations and violence have left any...

    Unemployment is rife with about 70 percent of young people without a job in Gaza, where residents regularly suffer power cuts and inadequate access to clean water

    Daily struggles in the impoverished territory have been exacerbated by a crippling Israeli-led blockade since Hamas Islamists took control in 2007, two years after Israel withdrew

  • Israel top court hears petitions against divisive judicial reform

    Jerusalem, Undefined - Israel's Supreme Court convened Tuesday to hear petitions to strike down a key plank of the hard-right government's...

    A full 15-judge panel of the top court began hearing pleas against the amendment of the so-called "reasonableness clause"

    The amendment limits the powers of the top court to review and sometimes overturn government decisions

  • North Korea’s Kim travels to Russia for talks with Putin

    A Russian news agency said that Kim's had crossed the border into the Primorsky region, with images showing a train...

    The two leaders will meet on the sidelines of the Eastern Economic Forum in Vladivostok

    US has warned that Pyongyang would "pay a price" if it supplies Moscow with weaponry

  • US endorses transfer of funds to Iran in prisoner deal

    President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine...

    The money transfer is "a critical step in securing the release of these five US citizens," a State Department spokesperson said

    Iran's foreign ministry spokesman insisted that the money will allow the Islamic republic to "purchase all non-sanctioned goods"

  • Sudan army chief visits Eritrea on latest trip abroad

    Burhan, the northeast African country's de facto leader since a 2021 coup, has been fighting the paramilitary Rapid Support Forces...

    Burhan's visit for talks with Eritrea's President was his fourth trip abroad in two weeks

    Experts say his recent travels aim to burnish his credentials in the event of talks to end the conflict

  • UAE president discusses boosting ties with president of Nigeria

    Abu Dhabi, UAE-- UAE President Sheikh Mohamed bin Zayed and Nigerian President Bola Ahmed Tinubu discussed opportunities for further bilateral...

    UAE president hoped the two leaders would work together to deepen ties that benefit both the UAE and Nigeria

    Sheikh Mohamed renewed the UAE's goal to foster ties with countries that share the same aspiration for growth

  • 150 dead in Libya after storm Daniel results in floods

    "At least 150 people were killed as a result of flooding and torrential rains left by storm Daniel in Derna,...

    The storm struck eastern Libya on Sunday afternoon, notably the coastal town of Jabal al-Akhdar but also Benghazi, where a curfew was declared.

    Images filmed by residents of the disaster area showed massive mudslides, collapsed buildings and entire neighborhoods submerged under water.