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Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.
  • Israeli excavation may wipe out Jerusalem’s Mughrabi quarter

    The only indication of the Western Wall plaza's North African heritage is a Moroccan flag, flying discreetly in a nearby...

    The Moroccan quarter was demolished by Israeli forces after they captured east Jerusalem in the 1967 Six-Day War.

    Some stone remains which were discovered during excavations, appeared to have been removed and the area was covered up once more.

  • Egyptians hope to bag bargains at Arab world’s largest book fair

    Cairo, Egypt---Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest...

    The 54th Cairo International Book Fair was overshadowed by a punishing economic crisis that has seen Egypt's currency halve in value and prices skyrocket in the past year.

    To incentivize readers, Egypt's publishers' association has encouraged sellers to give the option of buying books in instalments through popular buy-now-pay-later services.

  • UAE creates a sustainable ecosystem to further enhance understanding of space, says astronaut

    He was speaking at an event hosted by Mohammed Bin Rashid Space Centre, where the details of the second crewed...

    The Mohammed Bin Rashid Space Centre has revealed details of the second crewed mission of the UAE Astronaut Programme to the International Space Station

    Sultan AlNeyadi is the prime astronaut while Hazzaa AlMansoori is a backup crew of the mission scheduled for launch on February 26

  • KSA, UAE play well as e-gaming trends across GCC

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to...

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners

    By 2025, the GCC will contribute roughly 1.5 percent of the income generated by the global gaming sector as the industry is anticipated to grow at a CAGR of 22.5 percent

  • Saudi Arabia wins seat on FIFA Council; Qatar gets a position too

    Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the...

    Qatar federation head Sheikh Hamad Al Thani, whose country hosts the Asian Cup next January, was elected to a FIFA position for the first time

    Saudi soccer federation president Yasser Almisehal was among six Asian officials elected by AFC members to represent them on FIFA council through 2027

  • Joseph the Blind heals Turkey’s troubled city

    The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...

    The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.

    The first store was destroyed in 1977, said the herbalist Suleyman Onur.

  • Revenue from Saudi cinema may exceed $1bn by 2030

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out

    Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

  • Justin Bieber sells music rights for $200 mn

    Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...

    Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million

    The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021

  • Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

    Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of...

    The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," said an official.

    Inside the workshops, researchers found a collection of pots, tools and "bronze and copper Roman coins."

  • Camel beauty contest season gets underway in Abu Dhabi

    Al Dhafra, UAE--The 16th Al Dhafra Festival has kicked off as part of the Emirate of Abu Dhabi’s camel beauty...

    The festival aims to preserve and develop heritage activities, and enable camel owners to continue the tradition of breeding and caring for camels

    The event will continue until February 2 at Madinat Zayed in Al Dhafra