Search Site

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.
  • UAE takes part in G20 joint health-finance ministers meeting   

    GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...

    The meeting discussed the progress made by the Joint Finance and Health Task Force (JFHTF) this year.

    The UAE participated in the three meetings that the Task Force held this year under the G20 Finance Track.

  • Two Israelis killed in West Bank shooting, says army

    RAMALLAH, PALESTINIAN TERRITORIES - Two Israeli civilians were killed in a suspected shooting attack in the occupied West Bank on Saturday, the...

    "A suspected shooting attack was carried out at a number of Israeli civilians in the area of the town of Huwara," an army statement said.

    The West Bank has seen a surge in violence since early last year, with a string of attacks by Palestinians on Israeli targets.

  • Turkey slams ‘unacceptable’ UN approach to Cyprus row

    ISTANBUL, TURKEY - Turkey's ruling party spokesman on Saturday criticized UN peacekeepers for blocking the construction of a controversial road in...

    The UN mission on the east Mediterranean island said its peacekeepers were assaulted as they tried to block "unauthorized construction work" near Pyla.

    Omer Celik, spokesman for Turkey's ruling AKP party, defended the construction of the road and slammed the "unacceptable" attitude of the UN peacekeepers.

  • WHO launches global initiative on digital health supported by G20 Presidency

    GANDHINAGAR, INDIA - The World Health Organization (WHO) and the G20 India presidency announced a new Global Initiative on Digital...

    WHO serves as the secretariat for strategy implementation to fast-track digital health system transformation.

    The new Global Initiative on Digital Health is one of the key deliverables of India’s G20 Presidency.

  • Egyptian President Sisi pardons jailed activist Ahmed Douma

    Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars,...

    A court in 2019 had sentenced Douma to 15 years in prison on charges of clashing with security forces in the capital two years earlier.

    Egypt's top appeals court later in 2019 upheld the 15-year sentence, which also included a fine of US$372,000.

  • Iran president meets diplomat freed by Belgium in prisoner swap case

    TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner...

    The Iranian diplomat was sentenced in Belgium to 20 years in prison for his role in a plot to blow up an Iranian opposition event in 2018 in Paris.

    The diplomat was liberated on May 26 in an Oman-mediated exchange that saw Iran releasing Belgian aid worker Olivier Vandecasteele.

  • Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

    ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...

    Masdar signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants.

    Ethiopia is a key investment partner for the UAE in East Africa, as it has a large and emerging consumer market of over 100 million people.

  • Morocco king turns 60 as challenges abound in kingdom

    The monarch is credited with effectively maintaining stability in a volatile region -- in part through suppressing criticism -- as...

    Since his coronation following the death of his father, the monarch has retained a firm grip on economic policy, foreign affairs, and defence and security in his country

    On the international stage, Mohammed VI has diversified partnerships that were once primarily focused on former colonial ruler France and other European nations

  • Taiwan says 42 warplane incursions after launch of China military drills

    China announced earlier Saturday that it had "launched joint air and sea patrols and military exercises of the navy and...

    Twenty-six of the warplanes involved crossed the median line of the Taiwan Strait, the island's ministry of defence said in a statement

    Eight vessels also participated in the drills, which Chinese state media said were intended to simulate "real combat conditions", the ministry said

  • BBC, Guardian journos among 54 UK citizens in Russia’s stop-list

    Moscow, Russia - Moscow has expanded its stop-list as a retaliatory measure barring 54 UK citizens from entering Russia, the...

    The list now includes Lucy Frazer, UK secretary of state for digital, culture, media and sport, "who is promoting Russia’s international sports isolation."

    Other UK nationals on the list include journalists from the BBC, Guardian Media Group, the Daily Telegraph, as well as Karim Khan, prosecutor with the ICC