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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.
  • Russia to continue to enhance military cooperation with Iran: Ryabkov

    Tehran, Iran-- In a defiant posture toward the West, Russia has declared that it will continue to enhance military cooperation...

    The Russian minister said that they have full right to develop and enhance the military ties between the two "friendly nations"

    He further noted that Iran will in due time become a full member of BRICS even as he refused to give a timeline for its membership   

  • The squalid camps where Syria war displaced languish

    While living and hygiene conditions can be dire even in official displacement camps, the situation in informal settlements is sometimes...

    Only 16 camps, housing around 150,000 people, are formally recognized and have access to international aid

    Residents spend their days scavenging the rubbish tip for anything of value, such as scrap metal and bits of plastic

  • Pakistan’s Prime Minister, Saudi Deputy Foreign Minister discuss ties

    Islamabad, Pakistan - Pakistan's Prime Minister Shehbaz Sharif met on Tuesday with visiting Saudi Deputy Foreign Minister Waleed bin Abdulkarim...

    Al-Khuraiji also met with the country’s Foreign Minister Hina Rabbani Khar

    In July, Pakistan received $2 billion in financial support from Saudi Arabia

  • Medical charity assails UN failure to renew Syria aid route

    Through an arrangement that began in 2014, the UN delivered relief to the areas directly through the Bab al-Hawa crossing from...

    UN Security Council's inability to renew "a resolution safeguarding access to vital humanitarian aid is inexcusable," the aid group said

    More than four million people live in rebel-held areas of northern and northwestern Syria, many of them in overcrowded camps

  • Ukraine ‘satisfied’ with Saudi-led mediation to end war

    Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and...

    Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit, which was held in Jeddah

    The head of Ukraine's presidential office, Andriy Yermak, said there was an agreement on the next meeting, "but there are no exact dates"

  • Russia’s BSGI exit causes global food price hike: Blinken

    Washington, United States - Russia's withdrawal from the Black Sea Grain Initiative (BSGI) has led to a surge in global...

    Top US diplomat highlighted that over half of the grain from the Black Sea Grain Initiative was directed towards developing countries

    Condemning the use of food as a weapon of war, he said that 91 countries have signed a declaration at the UN opposing such tactics

  • Peace settlement possible if Ukraine stops fighting, says Russia

    Moscow, Russia - Russia said Monday a peace settlement with Ukraine was only possible if Kyiv put down its arms, after...

    Representatives from around 40 countries including China, India, the United States and Ukraine took part in the peace summit.

    Russia, which was not invited, said that a resolution was possible if Ukraine "stopped the hostilities and terrorist attacks".

  • Iran foreign minister’s Tokyo visit: Japan to raise Russia arms supply

    Tokyo, Japan - Iran's foreign minister visited Japan on Monday for the first time since 2019, in a rare trip to...

    Amir-Abdollahian met Japanese Foreign Minister Yoshimasa Hayashi, with both hailing the opportunity to have face-to-face talks in Tokyo.

    Amir-Abdollahian's visit to Japan is the first by a top Iranian diplomat since December 2019, and the first under President Ebrahim Raisi.

  • Lebanon urges calm after Gulf states issue travel advisory

    "The situation in Ain al-Helweh camp has now calmed down," Interior Minister Bassam Mawlawi said referring to south Lebanon's restive...

    Thirteen people were killed in several days of violence that erupted on July 29, pitting two groups of Palestinians against each other.

    Last week, Arab Gulf countries -- some of which have already banned their citizens from travelling to Lebanon -- issued warnings urging their nationals to exercise caution.

  • Aramco Q2 profits drop 38%

    The oil company's profits fell sharply to US$30.08 billion.

    Production from the world's biggest crude exporter was down after Riyadh in April announced cuts of 500,000 barrels per day

    The kingdom's daily production is now approximately nine million bpd, far below its reported daily capacity of 12 million bpd