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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.

GCC economic integration: The grouping okays more measures at Muscat meeting

Riyadh, Saudi Arabia - The Gulf Cooperation Council (GCC) has approved several more regulations and resolutions as part of its...
  • GCC took more steps to complete the GCC Customs Union and the GCC Common Market to achieve economic unity by 2025
  • Muscat meeting also took note of the signing of a Free Trade Agreement between GCC countries and the Islamic Republic of Pakistan

UAE President receives Speaker of Iranian Parliament

Abu Dhabi, UAE – UAE President Sheikh Mohamed bin Zayed Al Nahyan on Thursday received Mohammad Baqer Qalibaf, Speaker of...
  • During the meeting at Qasr Al Shati in Abu Dhabi, the UAE president conveyed his greetings to Iranian president Dr Ebrahim Raisi
  • The two sides discussed relations between the two countries and ways to enhance ties, especially at the parliamentary level

Qatar, Iran discuss cooperation in free zones, investment

DOHA, QATAR -  Minister of State and Chairman of the Board of Directors of the Free Zones Authority Ahmad bin...
  • The Qatari minister and the Advisor to the Iranian President discussed reinforcing cooperation between the two countries.
  • The Iranian leader and accompanying delegation toured the Free Zones at Ras Bufontas and Umm Alhoul Free Zone.

Saudi Jisr raises $30m investment from Merak Capital

Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment...
  • This marks the largest Series A investment round for a Software as a Service (SaaS) company in the Middle East
  • Jisr, founded in 2016, stands as the first Saudi human resources management platform, supporting over 3,000 clients

Keir Starmer, former human rights lawyer, may be Britain’s next prime minister

Labour heads into its annual conference in Liverpool, northwest England, this weekend enjoying double-digit leads in opinion polls ahead of...
  • When Starmer took charge of the party three years ago after the disastrous reign of socialist Jeremy Corbyn, he vowed to unite it and get it back on a path to power
  • The 61-year-old has moved the main opposition back to the centre ground, quietened dissent among the left, and rooted out anti-Semitism within its ranks

Iraqi Prime Minister to visit Moscow for talks with Russian president

Baghdad, Iraq - Iraqi Prime Minister Mohammed Shia Al-Sudani is scheduled to embark on a two-day visit to Moscow from...
  • Prime Minister Al-Sudani is set to leave Iraq on October 9, with a planned meeting between him and President Putin on October 10
  • Iraqi state media previously reported that the trip would serve as an opportunity to strengthen ties and foster collaboration between the two nations

Israeli minister’s historic address in Saudi Arabia marks diplomatic turning point

Riyadh, Saudi Arabia - In a historic diplomatic event, Israeli Communications Minister Shlomo Karhi delivered a speech in Saudi Arabia...
  • Karhi, dressed in a blue suit and a crocheted skullcap, addressed the audience in English from his seat, holding a handheld microphone
  • US Secretary of State Antony Blinken is reportedly scheduled to visit Israel and the West Bank, indicating the continued commitment to the diplomatic process

UAE Vice President forms Board of Investment Corporation of Dubai

Dubai, UAE - Vice President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum has...
  • The board will be chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai
  • Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, will serve as a Vice Chairman of the Board

flynas adds 5 Airbus A320neo, total fleet now 56

Riyadh, Saudi Arabia – Saudi “flynas” airline announced the delivery of five A320neo aircraft to increase its all-Airbus fleet to...
  • The latest deliveries come as part of the expansion plan launched under the title "We connect the world with the Kingdom."
  • flynas connects more than 70 domestic and international destinations with more than 1,500 weekly flights

Al-Hilal of Saudi Arabia beats Iran’s Nassaji with hat-trick in AFC Champions League

Riyadh, Saudi Arabia - Saudi Arabia's Al-Hilal FC achieved an important victory over its Iranian host, Nasaji Mazandaran, with three...
  • Serbian Aleksandar Mitrovic scored the first goal for Al-Hilal in the 18th minute, and Brazilian star Neymar Jr. netted in the 58th minute
  • With this result, Al-Hilal raised its standing to share the top spot in Group 4 with Uzbekistan's Navbakhor, with four points each

UAE suspends coordination of humanitarian aid with Israel

Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...

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Extreme E races for electric SUVs 2024 kick off in Jeddah

Jeddah, Saudi Arabia - Organized by the Saudi Arabian Cycling Federation under the supervision of the Ministry of Sport, the...

Hizbollah chief says Israel to pay ‘with blood’ for Lebanon civilians killed

Nasrallah said the killing of civilians was aimed at "putting pressure" on Hizbollah to stop attacks on Israel, but stressed...

Saudi Arabia ranks 1st in international tourist arrivals growth in 2023

Riyadh, Saudi Arabia - Saudi Arabia topped the UN Tourism’s ranking for the growth of international tourist arrivals in 2023...

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Israel faces fresh US calls against attack on Rafah

Palestinian Territories - Israel faced renewed calls from key ally the United States on Friday against launching a large-scale attack...
  • Israeli Prime Minister Benjamin Netanyahu has insisted he would push ahead with a "powerful" operation in the overcrowded city to achieve "complete victory" over the Hamas
  • The White House said US President Joe Biden had spoken by phone with Netanyahu late Thursday, urging him not to carry out an attack on Rafah without a plan to keep civilians safe

Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port

Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
  • The gateway terminal has larger capacity, is equipped with the Optical Character Recognition (OCR) feature, and uses 146 different types of equipment
  • The development of Jeddah Islamic Port’s North Container Terminal is included in the Build-Operate-Transfer (BOT) contract

Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
  • Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.
  • Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.