Abu dhabi: Oil prices closed at their lowest levels in more than a week on Monday. Brent crude futures fell by US$8.42, or 8.7 percent, to settle at US$88.36 per barrel, while US West Texas Intermediate crude dropped by US$6.70, or 7.5 percent, to US$…

Stuttgart: German sports car manufacturer Porsche announced on Monday that it plans to cut around 5,000 additional jobs over the coming years as part of a restructuring programme. In a statement, the company said the workforce reduction will be achiev…

Abu dhabi: The Monetary Authority of Singapore (MAS) announced on Monday a slight tightening of its monetary policy by increasing the rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, citing persistent medium-te…

Doha: Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani, Prime Minister and Minister of Foreign Affairs of Qatar, engaged in a telephone conversation with Canada’s Minister of Foreign Affairs, Anita Anand, to address the current regional situation.
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Abu dhabi: At least 30 people, including children, lost their lives in an overnight attack by armed assailants on a farming village in Kaduna State, northern Nigeria. The tragic incident unfolded as the attackers stormed the village around midnight, …

Abu dhabi: The EU unequivocally condemns the aggression against two diplomats of the Embassy of France in Tehran perpetrated by Iranian security forces on July 19. A statement by the High Representative on behalf of the European Union on Iran reads, “…

Abu dhabi: Johnson and Johnson announced on Monday it would pay an estimated $5.5 billion to settle tens of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer, marking a significant resolution in a long-standin…

Abu dhabi: The Republic of Benin hosted the fifth Arab Poetry Forum in its capital, Cotonou, under the patronage of His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. Organised by the Department of Cultu…