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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.
  • Turkish Cypriot forces assault Cyprus peacekeepers: UN

    The confrontation occurred in Pyla, an ethnically mixed village in the UN-patrolled area between the internationally recognised Republic of Cyprus...

    EU condemned the incident, as well as Britain, France and US, who in a joint statement expressed "serious concern at the launch of unauthorised construction" of the road

    Authorities in the self-proclaimed Turkish Republic of Northern Cyprus, who say the road project is aimed at easing the plight of its people, dismissed the UN mission's allegations

  • India and Saudi Arabia discuss visit of Crown Prince to India

    Riyadh, Saudi Arabia - India and Saudi Arabia are in discussions regarding a state visit by Crown Prince Mohammed bin...

    The discussions are said to be centered around the Crown Prince's visit after the G20 summit on September 9-10 which he would also be attending

    Saudi Arabia is a major supplier of oil to India, and the two countries have been working to develop renewable energy projects together

  • Saudi Arabia and India sign agreement on digital economy

    Riyadh, Saudi Arabia - Saudi Arabia and India signed on Friday an agreement on digitization and electronic manufacturing. The agreement...

    The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning

    It also aims at building robust strategic partnerships that promote innovation and the growth of the digital economy

  • Russian foreign minister to lead delegation at UN General Assembly

    MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...

    In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.

    The 78th session of the United Nations General Assembly will begin in New York on September 19.

  • Saudi Crown Prince and Iran foreign minister discuss bilateral relations

    Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...

    The Iranian foreign minister called the 90-minute meeting a "direct, frank, and productive conversation".

    The Iranian minister said the success of the region is possible by strengthening dialogue and cooperation.

  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this...

    The crisis sparked by Russia's war led to the European Union adopting a law requiring the 90-percent gas storage by November 1 each year.

    Before Moscow launched its invasion in February 2022, Russia accounted for nearly half of the EU's natural gas imports.

  • Iran first Islamic country to have modern observatory, says official  

    TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute...

    The head of the Institute for Research in Fundamental Sciences said that Iran lacked the resources to build an observatory.

    He added that an observatory is like a living entity, and continuous work and progress are necessary for proper functioning.

  • China’s investment rises 23% in BRI countries in Jan-July 2023

    BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in...

    This growth amounts to approximately US$13.69 billion, constituting nearly 20 percent of the overall investment in January-July 2023.

    The value of newly signed contracts amounted to US$103 billion, indicating a marginal 0.6 percent year-on-year increase.

  • Turkish officials discuss scenarios around stalled Russia grain deal

    Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov...

    Under another scenario, unilateral actions will be taken to set up alternative routes based on bilateral agreements, particularly for Ukrainian agricultural supplies via the Danube

    The third, an only 'viable option', envisages a revival of the grain deal "as soon as certain Russian concerns are removed".

  • Turkey ‘warned’ Russia after Black Sea ship attack: Ankara

    The Sukru Okan vessel was flying the flag of Palau when it was fired on by the Russian navy last...

    Turkey's president Recep Tayyip Erdogan's office came under criticism at home for saying nothing about the Russian attack

    Erdogan's office pushed back against its critics on Thursday, arguing that it was technically up to Palau to respond to the incident