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.
  • Spill risk over as UN removes oil from decaying Yemen tanker

    Hodeida, Yemen -- The United Nations said Friday it had successfully transferred more than one million barrels of oil from a...

    The milestone means that "the core aspect" of a years-long effort to address the threat posed by the Safer, often referred to as a "ticking time bomb", is now finished, the UN said

    All told, the UN has priced the operation at $143 million, a fraction of the estimated $20 billion clean-up costs in the event of a spill.

  • Covid cases up 80 percent globally as new subvariant rises

    The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization...

    The UN agency said that nations reported nearly 1.5 million new cases from July 10 to August 6.

    Many of the new cases came in the Western Pacific region, which saw infections jump by 137 percent.

  • Egypt dig unearths 41-million-year-old whale in desert

    With an estimated length of 2.5 metres (eight feet) and a body mass of approximately 187 kilogrammes (410 pounds), Tutcetus...

    The team has dubbed the species "Tutcetus rayanensis" after the Egyptian boy king Tutankhamun and the Wadi El-Rayan Protected Area in Egypt's Fayoum Oasis

    Fayoum Oasis, some 90 miles southwest of Cairo, boasts Wadi al-Hitan, the Valley of the Whales, a UNESCO World Heritage Site that has turned up hundreds of fossils

  • IS attack on bus kills 23 Syrian soldiers: monitor

    Despite losing their last piece of territory in Syria in 2019, IS has maintained hideouts in the vast Syrian desert...

    The attack killed "23 soldiers and wounded more than 10 others", some of whom in critical condition, said the Syrian Observatory for Human Rights

    Ten Syrian soldiers and pro-government fighters were killed earlier this week in an IS attack in the Raqa province, the Observatory said Tuesday

  • Iran says prisoners deal agreed with US: state media

    Based on the agreement, five Iranian prisoners in the US and five American prisoners in Iran will be exchanged," the...

    All of the detained Americans are of Iranian descent, but Iran does not recognize dual nationality

    Iranian state media reported that the process had begun to also release Iranian funds in a European bank

  • Tunisia, Libya collaborate to help stranded migrants at border

    In a collaborative bid to address the migrant crisis, Tunisia and Libya have announced a shared responsibility for hundreds of...

    Tunisia and Libya agree to share responsibility for hundreds of migrants stranded at their border

    Tunisia will take charge of 126 migrants, including children, with Libya accommodating the remaining 150-200

  • US, Iraq strengthen security ties; vow to defeat ISIS; set up military commission

    WASHINGTON – The United States and Iraq pledged to boost security cooperation, regional stability, and the shared interest in Iraq's...

    Iraq, US focus on the 2008 U.S.-Iraq Strategic Framework Agreement and non-combat role of U.S. forces

    The two countries emphasize recognition of the support from CJTF-OIR to the Iraqi Security Forces

  • Oil prices surge to multi-month highs, mixed day for global stocks

    Production limitations set by the OPEC + exporters "are continuing to offset concerns over demand," said Fawad Razaqzada, market analyst...

    China slipped into deflation for the first time in more than two years in July, official data showed

    Despite the anemic China figures, crude oil prices vaulted higher with European benchmark Brent futures jumping 1.6 percent

  • US accuses Sudan of threatening to expel UN mission

    United Nations, United States--The United States on Wednesday accused Sudan of having threatened to expel the United Nations mission from the...

    US ambassador whose country is chairing the Council in August, deplored the absence of Volker Perthes, the special representative of the secretary-general in Sudan

    Sudan war, pitting army under General Abdel Fattah al-Burhan against the paramilitary Rapid Support Forces (FSR) of General Mohamed Hamdan, began in April

  • 41 migrants missing after new Mediterranean shipwreck

    The metal boat overturned in bad weather during the night of Thursday to Friday after setting off from the Tunisian...

    A Frontex plane on Tuesday morning spotted "a metal boat with four people on board" in waters covered by Libyan search and rescue, the agency said

    IOM press officer said the migrants' boat would have been ill-equipped for the kind of bad weather seen in the Central Mediterranean in the past week