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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.
  • Africa in debt spiral as restructuring efforts drag on

    Paris, France -- While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa,...

    In 2022, African public debt stood at $1.8 trillion, a 183-percent jump from 2010, having grown at around four times as fast as economic output, according to UN figures.

    Private investors -- including investment funds and pension funds -- have in recent years risen to become the top lender to African nations.

  • Potential dangers of AI seen as major business risks for 2024

    Davos, Switzerland -- Thdfe potential dangers of AI, particularly its influence on upcoming elections and the escalation of military conflicts,...

    Elections emerged as a focal point of discussion: 3 billion people across 40 countries, representing 60% of global GDP, are set to vote this year.

    "Misinformation can destroy trust through an election and undermine society at large," said one CEO.

  • EU foreign ministers to meet Israeli, Palestinian diplomats

    The bloc's foreign policy chief Josep Borrell risked incurring Israel's wrath by accusing it on Friday of having "created" and...

    EU ministers will first meet with Israel's FM and then with the PA's top diplomat Riyad al-Maliki

    A high-ranking EU official said there were no expectations of any breakthroughs

  • Wounded Gazans get medical care on French hospital ship

    Israel responded with a military offensive that has killed at least 25,105 people in Gaza, mostly women and children, according to...

    French warship began treating patients in November, off the coast of the port of El-Arish, 50 kilometers (30 miles) west of the Egyptian border with Gaza

    French doctor Marine, who is serving aboard the Dixmude said the warship has so far received 120 patients, all serious cases who needed long periods of hospitalization

  • Trump closes in on Republican presidential nomination in New Hampshire

    Manchester, United States - Donald Trump aims to sew up the Republican presidential nomination after the contest narrowed to a two-horse...

    The ex-president won a crushing victory over DeSantis in Iowa last week, with Haley trailing in third

    That makes New Hampshire make-or-break for Haley, Trump's one-time UN ambassador, who trails her former boss

  • Israeli strike kills Hizbollah fighter in south Lebanon

    A Lebanese security official said the Israeli strike on a car in south Lebanon "killed a member of Hizbollah's protection...

    The attack also wounded a civilian woman who was in the area at the time of impact

    The NNA said that Israel targeted several locations in Lebanon's south on Sunday

  • Stop military operations in Palestine: Saudi minister

    Kampala, Saudi Arabia - Saudi Deputy Minister of Foreign Affairs Eng. Waleed Al-Khereiji stressed on Sunday the imperative to halt...

    Al-Khereiji advocated for the two-state solution, citing international legitimacy resolutions and the Arab Peace Initiative

    He underlined the Kingdom's commitment to the security and stability of the region, expressing support for initiatives fostering cooperation

  • Hamas says ‘some faults happened’ during Oct 7 attacks due to ‘chaos’

    The group admitted in a 16-page report justifying the attack that "some faults happened... due to the rapid collapse of...

    "If there was any case of targeting civilians it happened accidently and in the course of the confrontation with the occupation forces," Hamas said in the report.

    The group said it wanted to "hold the Israeli occupation legally accountable" for the suffering it had inflicted on the Palestinian people.

  • Hamas says Gaza deaths top 25,000 as Israel pushes offensive

    "Dozens are still under the rubble," the Hamas government's media office said, adding that the dead and injured "could not...

    The UN agency for Palestinian refugees says about 1.7 million people have been displaced in Gaza, with about one million crowded into the Rafah area.

    Rising tensions and violence across the Middle East have also stoked fears of a wider conflagration involving Iran-backed groups in Lebanon, Iraq, Syria and Yemen.

  • Hamas chief holds talks with Turkish FM: sources

    Istanbul served as a base for Hamas political leaders before the October 7 attacks. Turkey asked the Hamas chiefs to...

    The two sides discussed increasing humanitarian aid, and a two-state solution

    The Turkey's foreign minister and Hamas's chief last had official contact in a phone call in October