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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.
  • 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

  • Trump to seek new judge in election conspiracy trial

    The twice-impeached Republican, who is seeking a return to the White House in 2024, has unleashed a stream of invective...

    Team Trump wanted to push the deadline to Thursday, but the judge said they must abide by the current deadline of 2100 GMT Monday

    Former vice president Mike Pence, a key figure in the case, said Sunday that he would not object to testifying in Trump's trial

  • Saudi-hosted talks on Ukraine war end with resolve to continue efforts for peace

    Jeddah, Saudi Arabia-- More than 40 representatives of countries from around the world gathered in Jeddah, pledging to continue holding...

    More than 40 representatives of countries from around the world agreed on the importance of contuining consultations that could pave way for peace in Ukraine

    The Jeddah talks were part of the effort initiated by the Crown Prince, Prime Minister Mohammad bin Salman bin Abdulaziz Al-Saud since March 2022 to resolve the conflict

  • Iraq asks US, UK to extradite suspects in massive graft scandal

    Iraq's judiciary issued arrest warrants at the beginning of March for four men, including a former finance minister and staff...

    The case, which has been dubbed "the heist of the century", sparked outrage in oil-rich but corrpution-plagued Iraq.

    At least $2.5 billion were stolen between September 2021 and August 2022 through 247 cheques that were cashed by five companies.

  • UAE sends military vehicles to aid Chad in counter-terror efforts

    Chad is a neighbor of Niger, where a coup late last month toppled one of the last pro-Western leaders in...

    The two countries had signed a military cooperation agreement in June during a visit by Chad's president, General Mahamat Idriss Deby Itno.

    The UAE, which has been developing its own defense industry, has also been increasing its engagement with African nations.

  • Iran appoints West-sanctioned official as supreme court chief

    TEHRAN, IRAN - Iran on Sunday appointed Mohammed Jafar Montazeri, who is under US and British sanctions, to head the Islamic...

    Mohammed Jafar Montazeri was placed under US sanctions in December, with Washington identifying him as having a role in the prosecution of protesters.

    Britain followed suit in January and imposed punitive measures against Montazeri following the execution of British-Iranian Alireza Akbari for spying.

  • Israelis take to streets again to protest judicial overhaul

    The reform package has split the nation and triggered one of the biggest protest movements in Israel's history since being...

    The government views the reform, which would give politicians more power over the courts, as a necessary step to curb overreach by unelected judges

    Parliament last month passed the first key component of the reform package, which limits judicial oversight of some government decisions

  • Middle East makes mark in Global Soft Power Index

    TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by...

    TRENDS Infographics explores prominent Arab nations in the latest Global Soft Power Index, with the UAE leading the way by entering the top 10, a first for the Middle East

    Other GCC countries, including Oman, also show improvements in the index, which measures nations' influence and reputation across various sectors and a variety of metrics

  • UAE president Sheikh Mohamed holds talks with El Sisi in Egypt

    El Alamein, Egypt - The UAE President Sheikh Mohamed bin Zayed Al Nahyan held talks with his Egyptian counterpart, President...

    Both leaders stressed the significance of collective Arab action to promote peace, stability, and development within the region

    Egyptian president El Sisi's visit to Abu Dhabi in February underlined the reciprocal nature of these diplomatic efforts

  • Argentina to repay IMF using Qatari loan worth $775m

    BUENOS AIRES, ARGENTINA- The Argentine government said it will use a loan from Qatar amounting to $775 million to make a...

    The credit operation would allow Qatar to lend Argentina Special Drawing Rights for the equivalent of $775 million

    The credit was negotiated by Argentine Economy Minister Sergio Massa with the Qatari economic team "in absolute secrecy."