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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.
  • There are no frozen assets abroad, says Iranian President

    TEHRAN, IRAN   â€“ Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...

    Iran has forged strong relations with Islamic and other like-minded countries.

    The country is keen on membership in regional and extra-regional alliances.

  • West has failed to isolate Iran, says President Ebrahim Raisi

    Raisi was referring to sanctions imposed on Iran since the United States torpedoed the nuclear deal in 2018, as well...

    "The enemy tried to follow two strategies: one was to isolate Iran from the world and the other was to discourage the Iranian nation," Raisi said.

    The president said Iran was continuing to seek "the lifting of sanctions" through negotiations to revive the 2015 nuclear accord.

  • Israeli PM thanks Saudi after emergency aircraft landing in Jeddah

    The Air Seychelles flight laden with Israeli passengers was heading from the Seychelles to Tel Aviv. Saudi airspace had been...

    The Air Seychelles flight made an emergency landing Monday in the Saudi coastal city of Jeddah due to technical difficulties.

    Israeli media said 128 passengers aboard the flight were welcomed and given overnight accommodation in the Red Sea city.

  • Renewables helped save $520bn fuel costs globally in 2022: Report

    In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...

    In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.

    IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.

  • Erdogan may meet Putin before UNGA kicks off: TASS

    Ankara, Turkey - Turkish President Recep Tayyip Erdogan is expected to talk to Russian President Vladimir Putin in September, ahead...

    The primary objective of the two leaders is to find potential pathways toward achieving resolution to the conflict in Ukraine

    They are also set to deliberate on various aspects of the original grain agreement and explore potential alternative options

  • India and Iran reach agreement on Chabahar Port development

    Tehran, Iran -  India and Iran have reportedly reached an agreement on the legal terms for the development of the...

    The strategic Chabahar Port has been a focal point of cooperation between India and Iran for several years

    The two countries have been working on a comprehensive agreement that would grant India the rights to develop the Shahid Beheshti Terminal

  • Egyptians, Zambians in court over gold on mystery plane

    The Drug Enforcement Commission said the chartered aircraft was transporting "dangerous goods". Judge Davies Chimbwili said that they were accused...

    Drug and law enforcement authorities said 11 suspects, including a senior Zambian police officer, had been arrested and charged with "espionage"

    Court papers seen by AFP list a former Egyptian military person and businessman as well as a Zambian police officer among the suspects

  • Hezbollah seeks restriction on UN’s Lebanon peacekeepers

    The mandate of the UN Interim Force in Lebanon, which expires Thursday, was extended last year with a slight modification...

    Under the modified mandate the peacekeeping force "is allowed to conduct its operations independently", the UN resolution said

    On Monday, Lebanon's Foreign Minister Abdallah Bouhabib met in New York with UN chief to convey Lebanon's position

  • Doctors Without Borders loses contact with 2 foreign staff in Yemen

    Dubai, UAE--The Doctors Without Borders (MSF) charity has "lost contact" with two of its foreign staff in Yemen, the group...

    The aid group said that the two employees, from Germany and Burma, were in the northern province of Marib, without giving any more details

    Some month back, one of the employees of the UN World Food Program had been killed in an attack in the southern province of Taez

  • Bahrain and US review partnership in political, economic and security fields

    Manama, Bahrain--Bahrain and the United States have reviewed joint cooperation, partnership and strategic dialogue in the political, economic and security...

    Both officials lay stress on continuing efforts to prevent the proliferation of weapons of mass destruction and ensure cyber security

    The Bahraini official underscored the importance of exchaning expertise on the use of modern technologies and AI in space affairs