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ADNOC L&S to pay $136.5m dividend

This is equivalent to 6.78 fils per share, the company said.

‘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.
  • Israeli soldier, Palestinian attacker killed in West Bank truck ramming

    Israel's defence ministry said its security personnel at the Hashmonaim checkpoint were informed by the army that the truck was...

    Thursday's attack comes a day after a 14-year-old Palestinian stabbed a civilian at a light rail station in Jerusalem

    The truck driver was a 41-year-old Palestinian from the West Bank with a work permit for Israel, Avi Biton, head of police central command

  • Turkey to ask Russia to resume grain deal in original form

    According to TASS, quoting a diplomatic source, Turkey's Foreign Minister Hakan Fidan will propose to Russia at the upcoming talks...

    The diplomatic sourced quoted by TASS said that Turkey views the grain corridor as the most efficient and safe

    He further said the deal if resumed in original format can prevent the expansion of the Ukranian conflcit into the Black Sea

  • US blocks Nvidia AI chip sales to Middle East citing China concerns: report

    London, Britain - The Biden administration has implemented restrictions on the sale of Nvidia's advanced microchips to certain Middle Eastern...

    Nvidia, a tech giant valued at $1.2 trillion, has been directed to obtain permission before exporting chips to specific nations in the region

    Nvidia's H100 and A100 chips play a vital role in training software like ChatGPT, contributing significantly to the global race for superior computing power

  • EU okays updated Pfizer and BioNTech’s anti-Covid vaccine

    Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...

    The European Medicines Agency said it "has recommended authorizing an adapted Comirnaty vaccine targeting the Omicron XBB.1.5 subvariant".

    Known as Comirnaty Omicron XBB.1.5, the mRNA vaccine is to be used to prevent Covid-19 in adults and children from six months.

  • EU diplomat’s threat to Russia medical supplies smacks of neo-Nazism: Official

    Moscow, Russia -- Moscow considers threats by European Union High Representative for Foreign Affairs and Security Policy Josep Borrell to...

    Russian Foreign Ministry said that EU High Representative for Foreign Affairs and Security Policy Josep Borrell had threatened to take medical supplies away from the Russian people

    "EU restrictions are above all an instrument of intimidation and blackmail. We deem these new direct threats against Russians by Borrell unacceptable," a spokesperson said.

  • Kremlin not ruling out foul play in Wagner chief Prigozhin’s death

    Prigozhin, 62, was buried on Tuesday in a private ceremony in his native Saint Petersburg, more than two months after...

    Kremlin spokesman Dmitry Peskov on Wednesday told reporters that officials probing the incident have not ruled out any cause for the crash including foul play.

    The Kremlin has dismissed suggestions it orchestrated the crash in revenge for Wagner's march on Moscow in June.

  • Kyrgyzstan repatriates 95 from Syria rebel camps

    Kyrgyzstan has already twice taken back its citizens from Syria or Iraq. In March 2021, 79 children were repatriated while...

    Thirty-one women and 64 children who are Kyrgyz citizens were transferred from Syria to Kyrgyzstan," said the foreign ministry in a statement

    The ministry said it was "grateful" to the US for "full assistance and logistical support" in the operation, as well as thanking UNICEF and the Red Cross

  • BRICS, SCO membership to reduce West’s sanctions effect, says Iran

    "Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...

    The Iranian president noted that Iran’s economic potential will help bolster the position of both organizations on the international stage

    "The effect is reciprocal because all the participants of these unions, including ourselves, will benefit from Iran’s membership," he explained

  • Iranian company SAIPA to export cars to Russia

    TEHRAN, IRAN – The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been...

    SAIPA is planning to supply 90,000 units of the QUIK sedan model to Russian customers in the next three years.

    Exports can start within a month and after the required permits are issued by Russian authorities.

  • Iran’s non-oil exports reach US$19.3bn in March to July 2023

    TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...

    Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.

    In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.