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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.
  • West Bank crisis deepens with Israeli employment ban

    As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day...

    As the West Bank grapples with its worst economic crisis in two decades, sparked by Israel's ban on Palestinian day laborers, poverty and despair escalate.

    The move, a response to security concerns after Hamas attacks, leaves approximately 120,000 Palestinian workers and their families in dire straits.

  • Britain sanctions ‘Israeli settlers’ in West Bank

    London, UK - Britain on Monday announced sanctions on four "extremist Israeli settlers" accused of committing human rights abuses against Palestinians...

    The curbs follow what the UK called "unprecedented levels of violence by extremist settlers in the West Bank" over the past year.

    The sanctions represent a rare move by London and Washington against Israelis, as war rages with Hamas in the Gaza Strip.

  • IMF, World Bank say Gaza and Red Sea attacks risk to world economy

    World Bank President Ajay Banga said that "what's going on Gaza, but also the challenges of Ukraine... and the Red...

    The Israel-Hamas war raging since October has already hit the Middle East and North Africa region's economy, the IMF chief said.

    She said that if there are other "consequences in terms of where the fighting goes, it could be more problematic for the world as a whole".

  • Energy transition led Saudi Arabia to halt oil expansion, says official

    RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...

    Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day.

    Officials in the world's biggest crude exporter did not explain the move, leaving analysts to speculate that it reflected lack of confidence

  • Red Sea issue puts Yemen peace process on hold

    DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...

    The Iran-backed Houthis have been fighting a Saudi-led coalition since March 2015, months after they seized the capital Sanaa.

    Hundreds of thousands of people have died in the fighting and from indirect causes such as disease and malnutrition.

  • UAE defends Israel ties, calls for two-state solution

    Despite maintaining its ties with Israel since the Israel-Hamas war began in October, the UAE has been at pains to...

    The United Arab Emirates and Israel established diplomatic ties in 2020 as part of the US-brokered Abraham Accords

    UAE's ambassador to the UN Lana Nusseibeh said her country has a field hospital in Gaza because of cooperation with Israel.

  • Relative of freed Israeli hostages appeals for Gaza deal

    Talks have been underway for weeks to secure a second truce in the four-month war, which would see more hostages...

    A special forces raid in Gaza's southern city of Rafah saw Louis Har, 70, and Fernando Simon Marman, 60, freed

    The Hostages and Missing Families Forum stepped up pressure on Israeli authorities to bring home the remaining captives

  • Court asks Netherlands to stop export of F-35 parts to Israel

    The Appeals Court in The Hague sided with a group of human rights organizations that argued the parts contributed to...

    The Appeals Court in The Hague sided with a group of human rights organizations that argued the parts contributed to violations of law by Israel in its war with Hamas.

    "Israel does not take sufficient account of the consequences for the civilian population when conducting its attacks," said the court.

  • GPSSA issues circular on pensions, gratuity in UAE

    ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and...

    The circular included limiting the procedure of deduction from the pension or end-of-service gratuity for the benefit of GPSSA's debt.

    In cases of unlawful disbursement, GPSSA has the right to deduct from other beneficiaries' shares, proportional to their entitlements.

  • Several nations eager to join Charter of Cooperation, says OPEC Secretary-General

    ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...

    The names of these countries will be announced after the completion of the ongoing consultations, the OPEC chief said.

    He said the Charter helps facilitate dialogue and exchange views regarding conditions in the global oil and energy markets.