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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.
  • Two dead in US strikes against Iran-backed armed groups in Iraq

    The US strikes come against an already explosive regional backdrop, fueled by the war in Gaza between Washington's ally Israel...

    The strikes came just days after US troops in western Iraq were targeted with ballistic missiles and rockets in an attack the Pentagon blamed on militants supported by Tehran

    According to Iraqi sources, US strikes targeted Ketaeb Hizbollah in the Jurf al-Sakhr area south of the capital Baghdad, as well as in the Al-Qaim region on the border with Syria

  • Iran’s Raisi flies to Turkey for delayed Gaza talks

    Planned talks in Ankara in early January were called off when twin blasts claimed by IS group jihadists killed 89...

    Raisi's visit to Turkish President Recep Tayyip Erdogan comes with the war in Gaza starting to enflame tensions and escalate fighting across the Middle East

    The Turkish presidency said the two leaders would appear at a press conference after holdings talks and chairing a meeting of their top ministers during the one-day visit

  • US strikes two Houthi missiles in Yemen: military

    US and Britain have carried out two rounds of joint strikes aimed at reducing the Houthis' ability to target shipping,...

    CENTCOM said the missiles were aimed into the Southern Red Sea and ready to be fired

    Houthis began striking Red Sea shipping in November in solidarity with Palestinians in Gaza

  • Trump closes in on Biden rematch after New Hampshire win

    Despite now adding New Hampshire to his previous easy victory in Iowa, Trump kept to his hard-right messaging, with no...

    With votes around 60 percent counted, Trump's winning margin hovered at around 11 percentage points, but his sole remaining challenger Nikki Haley vowed to fight on

    In a rambling victory speech Trump, 77, attacked Haley and said that when the primary contest reaches her home state of South Carolina, "we're going to win easily."

  • UN chief terms Israeli rejection of two-state solution ‘unacceptable’

    In a speech to the Security Council, UN Secretary General Antonio Guterres demanded that "Israel's occupation must end." Guterres warned...

    Guterres warned that it would exacerbate polarization and embolden extremists everywhere

    He called for the recognition of the "right of the Palestinian people" to build their own state

  • Houthis order all US, British UN staff to leave Yemen within a month

    The expulsion followed joint strikes by the United States and Britain against the Houthis aimed at ending the group's attacks...

    Last week, Washington redesignated the Houthis a "global terrorist group", having lifted it in 2021 to ease aid delivery to the impoverished country.

    The Houthis have fought a nearly decade-long civil war against government forces, who are backed by Saudi Arabia.

  • Iranian President Raisi to discuss Gaza war during Turkey visit

    Raisi will meet Turkish counterpart Recep Tayyip Erdogan in the capital Ankara, making a visit that was postponed twice --...

    Raisi will meet Turkish counterpart Recep Tayyip Erdogan in Ankara, making a visit that was postponed twice -- once in November and once earlier this month

    The visit comes amid growing fears about the regional repercussion of the war in Gaza, which Israel launched in reprisal for October 7 attacks

  • NATO to buy ammunitions worth $1.2 billion amid Ukraine war

    The latest deals -- signed with French firm Nexter and Germany's Junghans Microtec -- are estimated by officials to cover...

    The ammunition stocks of NATO have drained after sending large-scale shipments to Ukraine as it battles Russia

    "It is important that our allies refill their own stocks as we continue to support Ukraine," NATO chief Jens Stoltenberg said

  • Gaza facing catastrophic situation, famine looming: WFP

    A study conducted between November 24 and December 7 found that all 2.2 million people living in the Palestinian territory...

    Etefa said that around 70 percent of requests to deliver food to northern Gaza were rejected by the Israeli authorities.

    The last deliveries to the north were around January 11 and 13, carrying 200 tons of food for 15,000 people.

  • US, Britain launch new joint strikes on Yemen’s Houthis

    American and British forces carried out a first wave of strikes against the rebel group earlier this month, and the...

    The latest US-UK strikes were against "eight Houthi targets in Yemen in response to the Houthis' continued attacks against international and commercial shipping in the Red Sea

    There were no concerns about civilian casualties at the sites that were hit, while Houthi losses are unknown at this time, the official told journalists