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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.
  • Massive fire destroys prestigious Arab film studio in Egypt

    CAIRO, EGYPT – A major fire here destroyed one of the Arab world's most prestigious and oldest film production houses, founded...

    Flames overtook the Al-Ahram Studio in Giza district, burning everything inside and spreading to three surrounding buildings.

    Residents of the neighboring buildings were still sleeping on the ground in nearby streets at dawn on Saturday

  • US charity says aid unloaded, ready for delivery in Gaza

    A US charity said its team in the war-ravaged Gaza Strip had finished unloading the first maritime aid shipment to...

    The group is preparing a second boat of 240 tons of food to set sail from Cyprus, the starting point of a new maritime aid route across the eastern Mediterranean.

    The humanitarian effort is intended to mitigate food shortages that have prompted famine warnings in Gaza from the UN and aid workers.

  • Saudi Arabia takes part in global mineral and mining meet in Canada

    RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

    The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.

    These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.

  • Netanyahu okays plan for operation in Gaza’s packed Rafah

    Netanyahu "approved the plans for action in Rafah," his office said in a statement, without giving details or a timeline....

    The statement from Benjamin Netanyahu's office said the military was "prepared for the operational side and for the evacuation of the population."

    Biden, who has supported Israel during the war, has said an Israeli invasion of Rafah would be a "red line" without credible civilian protection plans in place

  • US sanctions network smuggling American tech to Iran’s central bank

    US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates,...

    The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement

    Treasury's move freezes any US assets associated with the sanctioned individuals and entities, and generally prohibits Americans from doing business with them

  • In Gaza, there are no more ‘normal-sized babies’: UN official

    The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians,...

    "Doctors are reporting that they no longer see normal-sized babies,"  Dominic Allen, UN official said after visiting hospitals still providing maternity services in north of Gaza

    Allen said Israeli authorities had refused to allow in some UNFPA supply shipments, such as kits for midwives, or had removed supplies like flashlights and solar panels

  • UN says 5 million at risk of starvation in Sudan

    The war between army chief Abdel Fattah al-Burhan and his former deputy, Mohamed Hamdan Daglo, has since April last year...

    Some five million Sudanese could face calamitous food insecurity in coming months as a nearly yearlong war between rival generals continues to tear the country apart, UN said

    UN humanitarian chief Martin Griffiths noted that nearly 730,000 Sudanese children - including more than 240,000 in Darfur - are thought to suffer from "severe" malnutrition

  • Hamas, Houthis hold rare meeting: Palestinian sources

    According to sources from Hamas and Islamic Jihad, leaders from the two Palestinian groups, as well as the Marxist Popular...

    The Houthis have attacked Red Sea shipping for months since the Israel-Hamas war broke out on October 7, saying they are targeting vessels in solidarity with Palestinians

    Hamas and the Houthis belong to the "axis of resistance", a collection of Iran-backed movements hostile to Israel and the United States that also includes Lebanon's Hizbollah

  • G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

    Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...

    Among the steps that have been discussed is ending national airline Iran Air's flights to Europe, the official added.

    A senior US administration official told journalists that if Iran decides to sell ballistic missiles to Russia, the costs will far outweigh the benefits.

  • Seven children among 22 dead as boat capsizes off Turkish coast

    Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said...

    "The Turkish coastguard found the bodies of 22 people including seven children," the local governor's office said in a statement.

    Officials said the boat began sinking overnight and on Friday many ambulances were standing by at the port of Kabatepe near Gokceada.