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Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI
  • Iran’s Khamenei hopes for economic upturn in Persian New Year speech

    Khamenei said the toughest problems encountered last year were due to "rising prices and inflation".

    Khamenei said the toughest problems encountered last year were due to "rising prices and inflation."

    Iran's economy has suffered under stringent sanctions that were reimposed by the US in 2018

  • Japan presses UAE to pump more oil as Ukraine war spikes prices

    The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by...

    The plea by Japan's Foreign Minister Yoshimasa Hayashi came during meetings with Emirati officials which coincided with a visit by Germany's economy minister

    British Prime Minister Boris Johnson also flew to the UAE and Saudi Arabia to push for more oil this week in a bid to ease prices of over $100 a barrel

  • Germany to ‘fast-track’ gas terminals as part of Qatar deal

    Germany has committed to "fast track" the construction of two liquefied natural gas terminals as part of a new long-term...

    Economic Affairs Minister Robert Habeck secured the accord during talks in Doha with its emir and energy minister

    European states have been forced to turn to Qatar in recent months as they seek an LNG alternative to Russian gas in the wake of Moscow's invasion of Ukraine

  • Gulf treads humanitarian path on Ukraine crisis

    Most Gulf Cooperation Council countries took no maximalist position on the conflict and stressed on a diplomatic approach for its...

    Saudi Arabia recently extended tourist and business visas of Ukrainian citizens without fees or fines for humanitarian considerations.

    Russia has been slapped with unprecedently harsh economic sanctions after the invasion of Ukraine.

  • UAE paves way for the return of Bashar al-Assad to Arab fold

    A surprise visit by Syria's Bashar al-Assad to the oil-rich United Arab Emirates opens the door to his isolated regime's...

    Assad and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al-Nahyan discussed the "fraternal relations" between the two countries

    In recent years Abu Dhabi has led an Arab overture to Damascus as the Assad regime has consolidated power

  • More sanctions: Australia bans alumina and bauxite exports to Russia

    Australia announced more sanctions against Russia over the invasion of Ukraine Sunday, immediately banning all exports of alumina and bauxite...

    The export ban aims to impact aluminum production in Russia, which relies on Australia for 20 percent of its alumina.

    Australia would donate 70,000 tons of thermal coal to Ukraine, following a request from the besieged nation.

  • Saudi Arabia, UK sign MoU for peaceful use of outer space

    SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU with the UK’s Minister of State for Business,...

    SSC’s Board of Directors Chairman Abdullah bin Amer Al-Swaha signed the MoU on behalf of Saudi Arabia

    The UK’s Minister of State for Business, Energy, and Industrial Strategy Kwasi Kwarteng signed the deal for his country

  • Ukraine urges China to condemn Russia attack

    Russia's claim on Saturday to have unleashed its new hypersonic Kinzhal missile would mark a new escalation of its campaign...

    In a fresh setback, Ukraine officials admitted they had ‘temporarily’ lost access to the Sea of Azov

    However, Russia has effectively controlled the coastline for weeks after surrounding Mariupol

  • Houthi attack on Aramco facility in Saudi Arabia

    The latest attack comes after an oil refinery in Riyadh was targeted on March 10 by a drone, an operation...

    The Saudi-led military coalition has reported that four drones were launched by Houthi rebels into Saudi Arabia, but no casualty has been reported

    The Houthi rebels have rejected talks — scheduled for March 29 in Riyadh — with GCC nations on the Yemen conflict

  • US says ‘troubled’ by Assad visit to ally UAE

    Assad's surprise trip on Friday was his first official visit to an Arab country since civil war erupted in his...

    On Friday, Assad and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al-Nahyan discussed the ‘fraternal relations’ between the two countries

    Talks also centered on efforts to ‘contribute to the consolidation of security, stability and peace in the Arab region and the Middle East’

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