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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.
  • European Union to sanction violent Israeli settlers and Hamas

    Britain and the United States have already imposed sanctions on a small number of Israeli settlers accused of committing human...

    A high-ranking EU official said that he expected foreign ministers from the bloc's 27 member states to give political backing to the moves.

    The 27-nation EU has struggled for a unified position in the face of the Hamas attack and Israel's subsequent devastating military operation in Gaza.aZ

  • US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen

    Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after...

    CENTCOM said two missiles fired by the Houthi rebels towards the Red Sea and two towards the Gulf of Aden had caused no damage or injuries

    The Houthi attacks have sent insurance costs spiralling for vessels plying the key trade route and prompted many shipping firms to avoid the Red Sea

  • Red Sea crisis reduces Ramadan cheer for war-torn Yemen

    Ramadan, when Muslims break their day-long fasts with large evening meals, usually means brisk business for Yemen's shops. But in...

    Over the past four months, the Houthis have been harassing shipping in the Red Sea in protest at Israel's war against Hamas, triggering American and British reprisal strikes

    The conflict in the commercially vital seaway has pushed up the cost of importing goods, exacerbating runaway inflation and raising fears that food supplies could run out

  • UN should organize more aid convoys for north Gaza: Israel

    An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...

    However UNRWA spokeswoman said the issue is with Israel not allowing enough aid in

    Aid workers say slow inspections and opaque rules have held up the arrival of aid

  • GCC seeks travel ease with Schengen visa exemption

    GCC Secretary General Jasem Albudaiwi calls for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to...

    GCC Secretary General Jasem Albudaiwi is advocating for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to the continent.

    With plans for a Unified Tourist Visa and streamline travel safety measures, the GCC is paving the way for a more interconnected and accessible world.

  • Former US treasury secretary says preparing buyout of TikTok

    Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...

    Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.

    "This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.

  • US sanctions five Israeli entities including three settlers in West Bank

    Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved...

    "Today, we are taking further action to promote accountability for those perpetuating violence and causing turmoil in the West Bank," a US official said.

    The US Treasury Department website showed that the three sanctioned individuals, Zvi Bar Yosef, Neriya Ben Pazi and Moshe Sharvit were Israeli citizens in West Bank.

  • Leader of US Senate calls for election in Israel

    The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...

    “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.

    He said that Netanyahu was one of four "major obstacles" to a two-state solution.

  • UAE, Hungary ink pact to enhance trade, investment ties

    ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...

    The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.

    The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.

  • Israeli lawmakers approve revised wartime budget

    The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...

    Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels

    Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry