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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.

Avia to buy 40 Boeing aircraft

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

No peak oil demand ‘on the horizon’, phaseout a ‘fantasy’: OPEC

Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...
  • The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency, which sees demand for fossil fuels peaking this decade
  • In the group's annual World Oil Outlook (WOO), OPEC Secretary General Haitham Al Ghais said oil and gas make up well over half of the energy mix today

UAE’s e& bends to European Union foreign subsidy rules

Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...
  • The European Commission approved Emirates Telecommunications' acquisition of PPF Telecom's assets after securing concessions to avoid competition distortion.
  • The deal, scrutinized under new EU rules on foreign subsidies, ensures fair competition by limiting future state aid and financing in the EU.

UN chief warns Lebanon on ‘brink’ as world leaders gather

Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...
  • Lebanese authorities say Israeli strikes killed 558 people - 50 of them children
  • "Lebanon is at the brink," UN Secretary-General said

Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control

Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions...
  • United Arab Emirates-based Emirates announced the temporary suspension of its flights to Beirut
  • Air France on Tuesday extended the suspension of its Beirut flights until October 1

Nearly 500 dead in Israeli strikes on Hezbollah strongholds in Lebanon

Israeli air strikes on Lebanon killed at least 492 people on Monday, including 35 children, Lebanon's health ministry said, marking...
  • Israel said it killed a "large number" of Hezbollah militants when it hit about 1,600 sites in southern and eastern Lebanon
  • EU foreign affairs chief Josep Borrell warned that Israel and Hezbollah were "almost in full-fledged war"

Economy – the biggest loser in the Israeli-Arab war

The sheer scale of destruction from the deadliest war in Gaza's history has made the road to recovery difficult to...
  • With bombs still raining down on Gaza, many of the Palestinian territory's 2.4 million people face re-construction challenges
  • 11 months of war in Gaza has battered Israel's economy, and poverty is now threatening communities

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.
  • The International Association of Machinists and Aerospace Workers District 751 walked out on September 13, in a strike involving 33,000 workers in the Pacific
  • The 30 percent general wage increase improves upon the 25 percent in the earlier offer, which was initially endorsed by IAM leaders

Hamas weakened, not crushed a year into war with Israel

The Palestinian group has not been crushed outright, and a year on from its unprecedented attack on Israel, an end...
  • In one of the biggest blows to the movement since it was founded in 1987 during the Palestinian intifada uprising, Hamas's leader Ismail Haniyeh was assassinated in Iran on July 31
  • On the Gaza battlefield, Israeli forces have aggressively pursued both Sinwar and Hamas military chief Mohammed Deif, whom Israel says it killed in an air strike

World leaders gather at UN as Mideast tensions explode

Escalating clashes between Israel and Hezbollah threatened to overshadow US President Joe Biden's final appearance at the UN's signature annual...
  • UN Security Council member France called for an emergency meeting on the crisis engulfing the Middle East
  • Top diplomat of European Union Josep Borrell warned, "we are almost in a full-fledged war" about the Lebanon-Israel situation

Biden’s United States powerless as Israel pounds Lebanon

US President Joe Biden's top priorities for the past 11 months has been to prevent the Gaza war from spiraling...
  • Biden administration was presenting "concrete ideas" to provide an "off-ramp" to prevent further fighting at UN
  • Israeli Prime Minister Benjamin Netanyahu brushed aside warnings of the dangers of regional war

Iran slams new EU, UK sanctions as unjustified: foreign ministry

ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its...

Latest News

Lebanon accuses Israel of truce rejection after deadly Beirut strikes and growing Gaza crisis

A US-brokered plan reportedly under consideration would see Hezbollah pull back 30 kilometres (20 miles) from the border, north of...

Israel, US envoys discuss possible ceasefire amid rising casualties in Lebanon conflict

With US mediation, a ceasefire proposal emerges for both Gaza and Lebanon, balancing Israel's security demands and Lebanon’s need for...

Saudi, US FM says could move ‘quite quickly’ on some deals with US

Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as...

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New Hezbollah leader says will accept ceasefire with Israel if terms ‘suitable’

Qassem replaces Hasan Nasrallah who was assassinated by Israel on September 27 after more than 30 years at the helm...
  • 'If the Israelis decide that they want to stop the aggression, we say we accept, but under the conditions', Qassem said
  • But Hezbollah "will not beg for a ceasefire", clarified the new new leader of the Lebanese group

Bitcoin close to record as cautious markets eye US election

The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has...
  • The leading digital currency was trading around US$72,400 at 0300 GMT, after climbing as high as US$73,563.63 in late US trade.
  • The surge in the price of bitcoin is seen as a bet on a Republican victory, as Donald Trump has emerged as the pro-crypto candidate.

How harmful are microplastics to human health?

A New England Journal of Medicine study found microplastics in blood vessels are linked to higher risks of heart attack,...
  • These tiny pieces of plastic have been detected almost everywhere on Earth, from the deepest oceans to the highest mountains, as well as in the air, water, soil and food chain
  • Every day humans ingest, inhale or otherwise come in contact with microplastics, which are less than five millimetres (0.2 inches) and mostly invisible to the naked eye