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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • AI meets VR to keep Holocaust memory alive

    Through AI, users of a VR headset can have a "conversation" with Holocaust survivor Inge Auerbacher, asking about her encounters...

    The project is a collaboration between Los Angeles-based company StoryFile, the World Jewish Congress and Facebook-owner Meta,

    StoryFile co-founder Stephen Smith, who has worked in Holocaust education, said the technology allows users to "talk to history through the people who went through it".

  • Ronaldo puts swagger in Saudi football

    Al Nassr forward's first season in the kingdom ended with a whimper, but Saudi football has never enjoyed such attention.

    Al Nassr's Twitter followers have jumped from 800,000 to more than four million and swelled from two million to 14 million-plus on Instagram.

    Ronaldo has pledged to stay in Saudi next year and backed the Saudi league to eventually become one of the world's top five.

  • Jordanian-Saudi royal wedding marks historic union

    The couple exchanged their vows in a traditional Muslim wedding ceremony called "katb al-ketab" in an open-air gazebo adorned with...

    The couple exchanged their vows in a traditional Muslim wedding ceremony called "katb al-ketab" in an open-air gazebo adorned with flowers

    The bride, adorned in an exquisite white dress designed by Lebanese designer Elie Saab, arrived at Zahran Palace in a 1968 Rolls-Royce Phantom V

  • ‘UAE is laboratory of past, present and future’

    "Aside from the obvious things - the construction of museums and large collections - it seems to me that the...

    La Biennale di Venezia president, Roberto Cicutto, commends the UAE's dedication to cultural development and youth education

    On UAE Pavilion's "Aridly Abundant" theme, he says it aligns with the Venice Biennale's focus on addressing environmental challenges

  • Abu Dhabi event transforms global falconry

    The exhibition has become a popular platform for falconers to purchase elite captive-bred falcons from local and international farms.

    Last year's exhibition saw the sale of the most expensive falcon in its history, the American-bred "Pure Gyre - Ultra White" for $275,000.

    The breeding of falcons in captivity represented a real revolution in falconry and sustainability and the revival of this heritage.

  • AlUla’s Jabal Ikmah listed on UNESCO’s Memory of the World Register

    AlUla, Saudi Arabia -- The United Nations Educational, Scientific and Cultural Organization (UNESCO) listed AlUla's Jabal Ikmah in its Memory...

    Jabal Ikmah is one of the most prominent historic sites in AlUla and is designated as one of the largest open-air libraries in the Arabian Peninsula.

    It includes hundreds of carved inscriptions and stone carvings along the mountain made in different eras and civilizations, some thousands of years ago.

  • Watch owned by China’s last emperor sells for $5m

    Emperor Aisin-Gioro Puyi had brought the watch with him to a Soviet prison camp where he was brought after the...

    Emperor at the age of two in 1908, Puyi was immortalised by Bernardo Bertolucci's Oscar-winning film but left a mixed legacy.

    A Patek Philippe "Grandmaster Chime" sold for $31 million in 2019. It is said to be the most complex timepiece the luxury watchmaker has ever created, with 20 complications.

  • Iraq artist battles to save old boating tradition

    The elegant water craft have long been vastly outnumbered by modern, motorised vessels and are threatened further as Iraq's waterways...

    Iraq must save "from extinction an essential facet of our civilisation which has existed for four or five millenia", said Salim, co-founder of Safina Projects

    The flotilla on the Tigris in Baghdad was a landmark event in Salim's efforts -- 18 of the boats took to the water on a spring afternoon as part of a cultural festival

  • Omani novelist’s book on water wins top Arabic fiction prize

    Alqasmi, who has published four novels and 10 poetry collections, is the first Omani winner of the prize, now in...

    Alqasmi, 49, will receive $50,000, and the prize committee will provide funding to translate "The Water Diviner" into English, organisers of the awards said

    In an interview for the prize's website, Alqasmi said the book had an additional focus: "on how women also caused changes in the life of the main protagonist"

  • NEOM’s first international exhibition held in Venice

    Venice, Italy - More than 20 of the world’s leading architects, designers, and future thinkers led a major opening event...

    Sir Peter Cook, Massimiliano Fuksas, Jean Nouvel and Ben van Berkel were among the world-renowned architects who joined CEO Nadhmi Al-Nasr on stage

    Set in the historic Abbazia di San Gregorio, one of Venice's oldest buildings, the exhibition's focal point is a large-scale 9x13m relief plan of NEOM set in the central courtyard

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