ABU DHABI, UAE – Abu Dhabi Commercial Bank (ADCB) has approved the Board of Directors proposal to distribute a cash dividend of US$0.15 (AED0.56) per share, translating to a total pay-out of US$1.1 billion (AED4.099 billion) equivalent to 50 percent of its 2023 net profit. This came as the ADCB...

QEWC market share in supply of electricity was 61 percent.

Osama Hamdan, a top Hamas official in Lebanon, said the movement's leaders were reviewing a proposed framework hammered out by top officials from Israel, Qatar, Egypt and the United States. Speaking at a news conference, he said Hamas "has repeatedly said" it was "open to discussing any initiative.

Washington, United States - Israel has rejected a new proposal from Hamas through Qatari and Egyptian mediators for a deal involving the release of hostages in three phases, Axios portal reported citing sources. Each phase, according to the proposal, would include a pause in fighting for more than a month in...

PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the Israeli-Palestinian conflict, with Moscow and Ankara staying in touch on the issue, Russian Foreign Minister Sergey Lavrov said here. "We are ready to discuss any constructive proposals. The said initiative...

Israeli Prime Minister Benjamin Netanyahu said he had "thrown out" a key provision of his controversial judicial reform plan that has sparked one of the country's biggest ever protest movements. In an interview with the Wall Street Journal, Netanyahu said he intends to press on with the reforms.

Israeli air strikes battered Gaza and militants fired rockets again as deadly fighting resumed after a night of relative calm, despite efforts to secure a truce. A new ceasefire proposal was circulated by Egypt, which has been mediating between the two sides, after a previous bid fell through, a Palestinian...

Ping An had called on HSBC to engage in a "strategic restructuring" that would see it create a separately-listed bank headquartered in Hong Kong. Huang said the proposal would allow the bank to retain control over a separate Asia business, adding that management had "exaggerated many of the costs and...

Consultations to prolong Ukrainian grain exports deal are continuing, the UN said, after a Russian proposal for just a 60-day extension cast doubt over its fate. "The United Nations will do everything possible to preserve the integrity of the agreement and ensure its continuity," Jens Laerke, spokesman for the United...

TRIPOLI, LIBYA - UN envoy Abdoulaye Bathily called on rival administrations in conflict-torn Libya Saturday to agree terms for elections "by mid-June", pushing for the long-delayed ballot to be held by year end. The Senegalese diplomat told the UN Security Council last month he had a new initiative to break a...

Cairo, Egypt--The Arab Parliament on Saturday endorsed a proposal submitted by Jordan's Lower House Speaker Ahmad Safadi, stipulating the establishment of a regional center for food security in Jordan, Speaking at the Arab Parliament fifth conference on Saturday, Safadi said Jordan can facilitate and coordinate Arab and international action, and...

A proposal by the UN agency for Palestinian refugees to delegate some services to other United Nations agencies has sparked outrage among Palestinians, who have warned of a plot to "dismantle" the body. The UNRWA is the only major UN body dedicated exclusively to one conflict and one people, and...

Negotiations in Vienna aimed at reviving the Iran nuclear deal are to be suspended Friday, Iranian media said, as European diplomats expressed "disappointment and concern" at the latest proposals from Iran. Iran said it has submitted two draft proposals for the nuclear agreement, which has been in tatters since the...

Russia might get a toehold in the banking sector in Saudi Arabia A proposal in this regard is being looked at by both the countries There might soon be a Russian bank in Riyadh. A proposal in this regard was presented at a meeting between Saudi and Russian officials on...