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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.
  • Lebanon’s minister backtracks on Kuwaiti aid comments

    BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's...

    Lebanon's Economy Minister Amin Salaam said this week that he had sent a letter to Kuwait's emir in the name of the Lebanese people

    Mired in a grueling economic crisis since late 2019, cash-strapped Lebanon has been governed by a caretaker cabinet for more than a year

  • Palestinians bury teenage killed by Israeli settlers in West Bank

    In a statement, the Israeli army cited Palestinian reports and witnesses as saying clashes broke out between Palestinians and Israeli...

    Palestine ministry announced the death of Qusai Jamal Maatan, 19, saying he was "shot dead by settlers in the village of Burqa", east of Ramallah

    At the funeral procession, Maatan was wrapped in a black and white keffiyeh head covering and Palestinian flag as mourners carried his body

  • UAE to mobilize global tech, space sectors for climate action ahead of COP28

    ABU DHABI, UAE - Key UAE government entities have partnered to boost coordination between advanced technology and space sectors. The...

    The collaboration aims to further contribute to COP28’s inclusive ecosystem, bringing together major technology companies, global institutions.

    It will encourage companies to use the UAE as a base for producing new technologies that can help drive sustainable industrial development.

  • Nearly 14m children in Sudan need aid, says UNICEF

    NEW YORK, US - Two senior UN humanitarian officials have called for more funding and fewer bureaucratic impediments to support...

    The crisis in Sudan recently passed the 100-day mark and overall, 24 million people across the country require aid.

    Chad is one of several neighboring nations hosting some 900,000 people who fled the violence in Sudan.

  • Erdogan announces Putin visit to Turkiye in August

    Ankara, Turkiye - Turkish President Recep Tayyip Erdogan on Friday announced that his Russian counterpart Vladimir Putin would visit Ankara...

    Turkish president's remarks followed his Wednesday phone call with Putin, in which they agreed Putin would visit to Turkiye in the coming days

    Erdogan told Putin that Turkiye will continue its "intense" efforts and diplomacy for resumption of the Black Sea grain deal

  • Saudi makes Ukraine peace bid with Jeddah talks, Russia not invited

    Russia invaded Ukraine on February 24, 2022, failing in its attempt to take Kyiv but seizing swathes of territory that...

    Invitations were sent to around 30 countries, Russia not among them, according to diplomats familiar with the preparations

    Jeddah initiative follows Ukraine-organized talks in Copenhagen in June that were designed to be informal and did not yield an official statement

  • Mobilize global action to deal with food insecurity

    “In conflict, international humanitarian law is clear: parties to armed conflict must take constant care to spare the objects necessary...

    UAE's Minister of State Noura Al Kaabi emphasizes the need for collective action across the world to end food insecurity

    Al Kaabi highlights the role of climate change in exacerbating food insecurity, particularly affecting women and youth

  • Iran invites Kuwaiti minister for talks over disputed gas field

    The dispute over the field -- known as Arash in Iran and Dorra in Kuwait and Saudi Arabia -- dates...

    The recoverable reserves of the field are estimated at some 220 billion cubic meters (seven trillion cubic feet).

    Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, rich in natural gas.

  • Blazing heat spurs record energy consumption in Bahrain

    Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.

    Manama's Electricity and Water Authority said the region "recorded its highest-ever electricity consumption rate" on Thursday at 3,798 megawatts

    Beating last year's record of 3,708 MW, the latest figure came as temperatures on Thursday reached 40 degrees Celsius (104 degrees Fahrenheit),

  • Lebanon marks 3 years since catastrophic Beirut blast

    The main activist group representing families of those killed has called for a protest march on Friday afternoon, converging on...

    On August 4, 2020, the massive blast at Beirut's port destroyed swathes of the Lebanese capital, killing more than 220 people and injuring at least 6,500

    Authorities said the disaster was triggered by a fire in a warehouse where a vast stockpile of industrial chemical ammonium nitrate had been haphazardly stored for years