US Secretary of State Marco Rubio met with Saudi Arabia’s Crown Prince Mohammed bin Salman to discuss the future of war-torn Gaza, emphasizing the importance of a deal that enhances regional security and includes the release of hostages, including American citizens, by Hamas. The discussions also touched on shared interests in Syria, Lebanon, and Red Sea security, with a focus on increasing economic and defense cooperation between the US and Saudi Arabia. Additionally, Rubio’s delegation planned to meet with a Russian delegation in Riyadh to prepare for a future meeting on Ukraine between President Trump and Russian President Putin.
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EU regulators to decide on ADNOC’s Covestro deal by May 12: Report
EU antitrust regulators will decide by May 12 on whether to approve Abu Dhabi state oil giant ADNOC's $17.2bn takeover of German chemicals company Covestro, as part of efforts to reduce oil dependency. The European Commission can clear the deal with or without conditions or open a four-month investigation, potentially under the Foreign Subsidies Regulation. ADNOC's bid for Covestro awaits confirmation, following a similar case involving UAE telecoms group e&’s acquisition of Czech telecoms company...
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