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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.
  • US to sell drones worth $4bn to India to bolster its defenses against China

    The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing...

    Indian officials had discussed the drones during a state visit by Prime Minister Narendra Modi last year.

    After months of discussion, the State Department said it had informed Congress of the sale..

  • Indian authorities tear down 600 year-old mosque in Delhi

    New Delhi, India - Bulldozers have knocked down a centuries-old mosque in India's capital, a member of the building's managing committee...

    The Masjid Akhonji in New Delhi, which its caretakers say is around 600 years old, was home to 22 students enrolled in an Islamic boarding school

    It was torn down on Tuesday in a forest of Mehrauli, an affluent neighborhood dotted with centuries-old ruins from settlements predating modern Delhi

  • Saudi Arabia not part of BRICS yet, still considering invite: Report

    Riyadh, Saudi Arabia -- Saudi Arabia remains undecided on accepting the BRICS bloc's invitation to join, despite initial claims of...

    South Africa's Foreign Minister Naledi Pandor's recently asserted the kingdom's membership, but a Saudi official told Reuters the Kingdom has not yet responded to the invitation.

    BRICS had extended membership offers to Saudi Arabia, United Arab Emirates, Egypt, Iran, Argentina, and Ethiopia last August.

  • Mediators push for Gaza truce as UNRWA warns its activities may stop

    UNRWA chief Philippe Lazzarini said that "if the funding remains suspended, we will most likely be forced to shut down...

    UN rights experts voiced alarm at soaring numbers of journalists killed in the Gaza war, decrying an apparent "deliberate" Israeli strategy to silence critical reporting.

    119 people were killed in the latest night of Israeli strikes; "There is a massacre taking place right now," said Leo Cans of international aid group Doctors Without Borders.

  • OPEC+ panel reaffirms cartel’s current output reduction strategy

    In an effort to shore up prices, the OPEC+ oil alliance of 23 nations has implemented supply cuts of more...

    In a statement following a meeting via videoconference, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ stopped short of making any recommendations on its output policy.

    However, the panel said it "reviewed the crude oil production data for the months of November and December 2023", noting the "high conformity" among participating nations.

  • Spain urges WTO meet in UAE to address de-globalization

    ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...

    The ministerial meeting (MC13) will convene representatives of 164 nations and trading blocs.

    MC13 will seek key reforms to the global trading system, including expanding WTO membership .

  • Creeping war threatens Sudan’s eastern border

    Sudan's nine-month-old war has so far largely spared the country's east. But with the frontline inching ever closer, and reports...

    In recent months, the RSF's push into Al-Jazira state, southeast of the embattled capital Khartoum, has given it access to roads leading further east

    The port city is Sudan's lifeline for crucial aid during the war that, according to the United Nations, has uprooted around 7.6 million people

  • Biden to visit Michigan as Arab American anger over Gaza grows

    The trip comes days after the Democratic incumbent's campaign manager traveled to the city of Dearborn -- home to the...

    The White House has made clear that Thursday's trip is purely a campaign visit, and Biden's 2024 team has said that he will meet with members of UAW union in the Detroit area

    On Wednesday a group of Dearborn organizations called for ceasefire in Gaza and the city's mayor, Abdullah Hammoud refused to meet with Biden's campaign manager

  • US targets Houthi and Iranian drones in fresh strikes

    CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...

    A US warship also shot down an anti-ship missile fired by the Houthis

    American forces also destroyed a Houthi surface-to-air missile on Wednesday

  • Efforts to pause Israel-Palestine war gain pace amid fierce fighting

    Palestinian Territories - International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded...

    Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris

    While talks take place, the population of Gaza is starving to death due to constraints imposed on humanitarian aid