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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.
  • Iran-China bilateral relations moving forward in right direction: FM

    Tehran, Iran--Iran-China bilateral relations and the 25-year strategic cooperation program between the two countries are moving forward in the right...

    The two foreign ministers discussed the latest developments in bilateral relations between the two countries in a telephone conversation

    The Iranian FM also gave his assessment on the comprehensive 25-year cooperation and how it was progressing in the right direction

  • Rival branches of Central Bank of Libya reunite

    Libya's central bank announced that its two rival branches in the west and east are reuniting after nearly a decade...

    Libya has seen 12 years of stop-start conflict since the 2011 NATO-backed revolt that toppled strongman Moamer Kadhafi.

    The Central Bank of Libya said it has "again become a unified sovereign institution", in a statement issued by the governor and his deputy.

  • Japan prepares to hold foreign ministers meet with GCC nations in Sept

    Tokyo, Japan -- Japan is preparing to hold a foreign ministers' meeting with the six member states of the Gulf...

    Japan relies on the six countries that make up the GCC -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- for over 90 percent of its crude oil.

    Foreign Minister Yoshimasa Hayashi is expected to attend the meeting, with visits to Egypt and Jordan also under consideration, Kyodo News said.

  • Saudi Arabia’s football rise ‘long-term project’, says top official

    The Saudi Pro League has a years-long commitment from the kingdom's rulers in its goal to become one of the...

    The Saudi league's rapid expansion has drawn comparisons with the Chinese Super League, which sucked in players for exorbitant sums until clubs hit financial problems.

    The no-expense-spared revamp is part of Crown Prince Mohammed bin Salman's ambitious Vision 2030 project, which aims to reshape the economy of the world's top oil exporter.

  • 25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia

    Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25...

    These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.

    Prince Faisal bin Bandar bin Sultan said the arrangement of the Afro-Arab Esports League demonstrated of the sector's importance in both the Arab and African realms.

  • Hungarian companies want to expand work in Russia, says PM Orban

    BUDAPEST, HUNGARY – Hungarian Prime Minister Viktor Orban said that companies from his country plan to expand their activities in...

    Hungarian Prime Minister Viktor Orban made the statement at a meeting with the head of Russia’s Tatarstan region Rustam Minnikhanov in Budapest.

    The head of Tatarstan came to Budapest at the invitation of Orban in connection with the Hungarian national holiday, St. Stephen's Day.

  • Widespread tree felling turns Syria’s forests into ‘barren land’

    On a riverbank in war-ravaged Syria's north, felling has reduced what was once a lush forest to dispersed trees and...

    Fuel shortages and rampant poverty during the war have pushed many Syrians to chop the trees to sell or use for heating, dealing a blow to the nature surrounding Jaabar

    Latakia, Hama, Homs and Idlib provinces lost at least 36 percent of their trees in the decade following 2011, when the conflict erupted, according to PAX

  • Tens of thousands of Canadians flee homes as wildfires spread

    Prime Minister Justin Trudeau said he had spoken with British Columbia Premier David Eby about the "rapidly evolving and incredibly...

    Kelowna, a city of 150,000, was choked with thick smoke as it became the latest population center hit in a summer of dramatic wildfires across Canada

    About 40 flights carrying around 3,500 passengers from Yellowknife have arrived in Calgary, said officials in the city, which has made nearly 500 hotel rooms available

  • United Nations exhorts Yemen rebels to release UN staff

    According to the UN spokesman Stephane Dujarric, since the workers were arrested on November 5 and 7 in the rebel-held...

    The employees of Yemeni nationality have been held with no explanation and in violation of their international immunity

    Earlier Houthi rebels that are holding them gave assurances that the two would be released but they remain in detention

  • Yemen war casts gloom on historic ‘Old Sanaa’

    A UNESCO World Heritage site for nearly four decades, the Old City has been classified as "in danger" since 2015,...

    UNESCO World Heritage site for nearly four decades, the Old City has been classified as "in danger" since 2015, shortly after Saudi Arabia spearheaded a military intervention

    Inhabited without interruption for more than 2,500 years, the area's iconic mosques and burnt-brick tower-houses have faced both direct threats from air strikes and indirect threat