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Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.

TAQA launches new corporate identity

Abu Dhabi Energy Services will be renamed as TAQA Services.

Rightmove rejects £5.6bn Murdoch bid

The property website said the bid was undervalued.
  • UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

    ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...

    This robust financial footprint positions the UAE as a significant economic force with strong potential for continued expansion.

    The focus on emerging markets and the creation of strategic partnerships further amplifies this momentum.

  • Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

    Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with...

    During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region

    Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said

  • Biden summons Israeli team in bid to avoid Rafah assault

    The move is one of the clearest attempts yet by Biden to rein in the key US ally, amid fears...

    US president also "reiterated the need for an immediate ceasefire as part of a deal to free hostages, lasting several weeks, so we can get hostages home"

    Biden has supported Israel since the October 7 attacks, sending billions of dollars in military aid, but has become frustrated by Netanyahu's failure to curb civilian deaths

  • US destroys Houthi missiles, drones in new Yemen strike

    United States Central Command forces operated "in self-defense" when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles,...

    Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel's war against Palestinians in Gaza

    The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against the ships have not been deterred

  • China regulator to ban Evergrande chair from securities market for life

    BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...

    Unable to repay interest on its loans, China’s real estate firm Evergrande formally defaulted in 2021, sending shockwaves through the industry.

    The company has struggled to repay creditors for years, defaulting in 2021 and becoming subject to a winding-up order by a Hong Kong court earlier this year.

  • Dubai approves rise in energy, water efficiency programs

    DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...

    The Council reviewed updates of the demand side management strategy for 2030 and 2050.

    This is part of the efforts to make Dubai a leading example in efficient energy and water demand management.

  • Shipping service connecting India, South East Asia with Saudi Arabia comes up

    RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...

    This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector.

    This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector.

  • Palestinians ‘need the bombs to stop,’ Irish PM says at White House

    Varadkar has been one of Europe's most critical leaders over Israel's campaign in Gaza, which began when Hamas launched an...

    According to Irish PM Leo Varadkar, "the Irish people are deeply troubled about the catastrophe that's unfolding before our eyes in Gaza."

    US has demanded a "clear and implementable plan" to protect civilians there, while Varadkar on Sunday called on Israel to abandon the planned incursion

  • Israel spy chief to discuss Gaza truce with Qatar PM: source

    The talks in the Qatari capital are the first after weeks of intense negotiations involving Qatari, US and Egyptian mediators...

    The meeting between Mossad chief David Barnea, Qatar PM Mohammed bin Abdulrahman Al-Thani and Egyptian envoys "is expected to take place today"

    Palestinian fighters seized about 250 Israeli and foreign hostages during the October 7 attack, but dozens were released during a week-long truce in November

  • Oxfam blames Israel for ‘deliberately’ blocking aid to Gaza

    Oxfam said in a report that Israel continued to "systematically and deliberately block and undermine any meaningful international humanitarian response"...

    Oxfam said inspection rules were causing aid trucks to be stuck in queues for 20 days on average

    The group noted that Israeli authorities arbitrarily reject "dual-use" items