Search Site

Covestro accepts ADNOC takeover bid

The deal values German chemicals group at $13.3bn.

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.
  • US to discuss troop withdrawal with Iraq soon: report

    New York, United States - The United States will begin talks with Iraq on the withdrawal of US troops from...

    The report said that Washington wants the troop schedule to reflect the current situation in Iraq and the stability of its government and law enforcement agencies

    But the Iraqi leadership believes that the timeframe of the withdrawal should not be affected by any circumstances

  • Israeli shelling on UN shelter in Gaza kills nine Palestinians

    Palestinian Territories - Tank shelling on a UN shelter on Wednesday killed nine people in Gaza's main southern city of...

    "Two tank rounds hit building that shelters 800 people - reports now 9 dead and 75 injured," Thomas White, UNRWA's Gaza director, said on X.

    Teams from UNRWA and the World Health Organization were trying to reach the shelter, which has been blocked for two days, White said.

  • Yemen-based Houthis fire missiles at ships in Red Sea, says US

    Yemen's Iran-backed Houthi rebels fired three missiles at two merchant ships in the Red Sea in their latest attack in...

    One missile missed its target and a US Navy destroyer shot down the other two, National Security Council spokesman John Kirby said.

    The continuing Houthi action "means we're obviously still going to have to do what we have to do to protect that shipping," he said.

  • UAE MoD ink deals worth $517m in first two days of UMEX and SimTEX 2024

    ABU DHABI, UAE - On the second day of the sixth edition of UMEX and SimTEX 2024, the accumulated value...

    The second day of the event witnessed announcement of five deals signed by the Tawazun Council.

    The total number of local contracts on the second day of UMEX and SimTEX 2024 reached five contracts.

  • NATO kicks off biggest military exercise since Cold War

    The Western military alliance has said some 90,000 troops will take part in the months-long Steadfast Defender 24 exercise designed...

    The exercise -- the biggest since the 1988 Reforger drill during the Cold War -- comes as NATO has overhauled its defenses since Russia launched its invasion of Ukraine in 2022

    The alliance has dispatched thousands of troops to its eastern flank and drawn up most extensive plans since collapse of the Soviet Union to protect itself from a Russian attack

  • EU plans measures to protect sensitive technology from China

    The European Union unveiled plans to strengthen the bloc's economic security including measures to protect sensitive technology from falling into...

    The fallout from the war in Ukraine hit Europe particularly hard, forcing the bloc to find alternative energy sources.

    Now, it wants to avoid a similar over-reliance on China, which dominates in green technology production and critical raw materials.

  • Israel destroys Palestinian home in occupied West Bank

    Basil Shehadeh was arrested on suspicion of helping two other Palestinians carry out the deadly shooting at a petrol station...

    "The family were evacuated from the three-storey building, then the second floor of the building was blown up," village council secretary Adel al-Amer told AFP

    "This demolition followed the destruction of the residences belonging to other terrorists involved in the same attack," the army told AFP in a statement

  • Thousands trapped as Israeli troops surround hospitals in Khan Yunis

    "Heavy fighting is reported in proximity to hospitals in Khan Yunis, including Al-Aqsa, Nasser and Al-Amal, with reports of Palestinians...

    In Gaza City, people displaced by the war said they were stuck in a new conflict zone without provisions.

    "They besieged us in the camp and brought us here, and even here, the shelling continued," Umm Dahud al-Kafarna, originally from Beit Hanun, told AFPTV.

  • QatarEnergy says Red Sea attacks ‘may impact’ gas shipments

    The state-owned giant confirmed in a statement that "Qatar's LNG production continues uninterrupted, and our commitment to ensuring the reliable...

    Earlier this month, Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said LNG shipments would be affected, like other merchant shipping, by the Houthi strikes.

    His intervention came amid reports of at least five LNG vessels operated by Qatar stopping en route to the Red Sea.

  • Two Tunisian teenage migrants die in shipping container

    Last week, the national guard announced the disappearance at sea of about 40 Tunisians who left from Sfax province, on...

    The two minors were part of a group of four young people trying to migrate irregularly, spending around eight hours in the cold container

    The two surviving members of the group were hospitalized and are "in a stable condition", according to the director of civil protection for the Tunis region