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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.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Adani Group tanks after US bribery charges

India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in...

Israel escalates bombing in Lebanon as Hezbollah fires projectiles; UN warns of Gaza famine

Israel escalated strikes on Hezbollah in Beirut and Tyre, targeting strongholds, while Hezbollah launched retaliatory attacks on Haifa, hitting a...
  • Israel has escalated its bombing of Lebanon since September 23 and has since sent in ground troops, following almost a year of limited, cross-border exchanges of fire
  • Israel's military chief Hezbollah had already "paid a big price" but Israel will keep fighting until thousands of its residents displaced from the north can return safely

With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations

Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First"...
  • Trump, unlike every other recent president, has never committed to a fully sovereign, independent Palestinian state
  • He leads a Republican Party so pro-Israel that some local offices handed out Israeli flags alongside Trump yard-signs

Xi, Biden in Peru for APEC summit, pre-Trump face-to-face

uncertainty over Trump's next moves now clouds the APEC agenda -- as it does for the COP29 climate talks underway...
  • President Vladimir Putin of APEC member Russia will not be present
  • Trump has threatened tariffs of up to 60 percent on imports of Chinese goods

TikTok makes AI driven ad tool available globally

San Francisco, United States - TikTok on Thursday began letting all marketers on its platform use an artificial intelligence-powered tool for...
  • The news came with word that Getty Images will make its stockpile of pictures and video available to TikTok's AI‑powered video generation tool called Symphony Creative Studio
  • Brands will be able to use Getty's licensed images and videos to create AI-generated ads, including marketing messages featuring characters resembling real people

Lebanon economic losses top $5 billion in year of clashes: World Bank

Beirut, Lebanon -- More than a year of clashes that recently escalated into war have cost Lebanon more than $5 billion...
  • The losses are "largely concentrated in the commerce and tourism and hospitality sectors... as well as in the agriculture sector", the Bank said in a report.
  • "The final cost of damage and losses for Lebanon associated with the conflict is expected to significantly exceed those presented in this assessment," the report said.

HRW accuses Israel of ‘war crime’ with ‘forcible transfer’ in Gaza

Human Rights Watch said in a report released Thursday that Israel's repeated evacuation orders in Gaza amount to the "war...
  • "Israel's actions appear to also meet the definition of ethnic cleansing"- HRW
  • 1.9 million Palestinians were displaced in Gaza as of October 2024

Nations far apart in COP29 climate finance talks

According to the latest draft of the long-sought climate finance pact, most developing countries favor an annual commitment from wealthy...
  • A new agreement to boost money for climate action in developing countries is the top priority
  • COP29 runs until November 22 but climate talks often run into overtime

UN nuclear chief heads to Iran for crucial talks

International Atomic Energy Agency chief Rafael Grossi is set to visit Tehran on Wednesday for crucial talks on Iran's nuclear...
  • Israel has warned Iran it was "more exposed than ever" to strikes on its nuclear facilities
  • Tehran has deactivated surveillance devices needed to monitor the nuclear program

Saudi Arabia appoints new CEO to drive NEOM’s mega-city project forward

In a big move, Saudi Arabia appoints Aiman al-Mudaifer as NEOM’s interim CEO, a strategic choice to advance the futuristic...
  • The company said that Mudaifer brought with him a "deep and strategic understanding of NEOM" after serving as head of a property arm of the Saudi sovereign wealth fund since 2018
  • NEOM is a planned futuristic megacity in northwestern Saudi Arabia meant to feature a ski resort and twin skyscrapers 170 kilometres (105 miles) long

Lebanon says 11 killed in Israel strikes across the country

Lebanon said Israeli strikes killed 11 people across the country Tuesday
  • "The Israeli enemy strike on Baalshmay killed five people," the health ministry said
  • Israeli strikes outside Hezbollah strongholds have often targeted buildings where displaced civilians have sought refuge

Adani Group tanks after US bribery charges

India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in...

Latest News

100 killed in fire during wedding at Iraq event hall

At the main hospital in Hamdaniyah -- a predominantly Christian town east of Mosul that is also known as Qaraqosh...

Ailing US explorer rescued after nine days in Turkish cave

The 40-year-old explorer developed stomach problems while examining the depths of the Morca Cave, a remote complex of twisting underground...

Sad day for America, says Trump after court appearance

Former US president Donald Trump pleaded not guilty on Thursday to criminal charges that he conspired to overturn the results...

OceanGate co-founder hits back at James Cameron over Titanic sub

Soehnlein stressed it was too soon to say what happened to the Titan and that it was "tricky to navigate"...

Biden demands assault-weapons ban after 8 killed in Texas mall rampage

Responders, distressed witnesses and police described scenes of panic and horror in Allen, where video footage shared online showed the...

Divided G20 fails to agree on climate action, Ukraine war escalation dominates Rio summit talks

G20 leaders in Rio failed to resolve UN climate talks deadlock, merely stating funding for developing countries battling global warming...

UN climate chief at deadlocked COP29: ‘Cut the theatrics’

As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a finance...

G20 leaders to grapple with climate, taxes, Trump comeback

G20 leaders gather in Brazil on Monday to discuss fighting poverty, boosting climate financing and other multilateral initiatives that could...

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Magritte’s ‘Empire of Light’ to fetch nearly $100m at New York auction

New York, United States -- With a Magritte painting estimated to sell for nearly $100 million, drawings by pop artist Keith...
  • The seminal 1954 work is one of a series of paintings from the Surrealist master depicting the interplay of shadow and light.
  • Its estimated price is $95 million, which would easily shatter the previous record for a Magritte, $79 million in 2022.

Israel escalates bombing in Lebanon as Hezbollah fires projectiles; UN warns of Gaza famine

Israel escalated strikes on Hezbollah in Beirut and Tyre, targeting strongholds, while Hezbollah launched retaliatory attacks on Haifa, hitting a...
  • Israel has escalated its bombing of Lebanon since September 23 and has since sent in ground troops, following almost a year of limited, cross-border exchanges of fire
  • Israel's military chief Hezbollah had already "paid a big price" but Israel will keep fighting until thousands of its residents displaced from the north can return safely

With Trump’s presidency, expect pro-Israel policies to replace Biden’s nuanced approach in Middle East relations

Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First"...
  • Trump, unlike every other recent president, has never committed to a fully sovereign, independent Palestinian state
  • He leads a Republican Party so pro-Israel that some local offices handed out Israeli flags alongside Trump yard-signs