Ramadan will begin on Saturday for Muslims in Saudi Arabia and Sunni-ruled Middle Eastern states, with the crescent moon sighting marking the start of the holy month. Iran and Iraq, with Shiite majorities, will commence fasting on Sunday, as announced by their authorities. Observing the Ramadan fast, a pillar of Islam, requires abstaining from eating, drinking, smoking, and sex during daylight hours, with believers encouraged to donate to the poor.
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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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