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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.

Portraits of pain: smuggled Palestinian art shows trauma of Gaza

Smuggled art pieces from Gaza are on display in an exhibition in Amman showcasing pain, suffering and a strong resolve...
  • The paintings document the brutality of war and massacres… carrying pain and sorrow and also a strong resolve and determination
  • The exhibition in Jordan features 79 artworks crafted from improvised materials including medicine wrappers

Saudi hosts Muslim nations to discuss war in the Middle East with Trump in the equation

Arab and Muslim leaders are gathering in Saudi capital city Riyadh to discuss Israeli war against Gaza and Lebanon in...
  • Summit in Saudi Arabia is an opportunity for Muslim leaders to show signal what they want and expect from the incoming Trump administration
  • Israeli strikes on Sunday killed dozens in Gaza and Lebanon as US deadline for Israel to improve aid delivery is on Wednesday

Arab, Muslim leaders fly to Saudi Arabia for talks on Gaza, Lebanon

Riyadh, Saudi Arabia -- Arab and Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that...
  • The Saudi foreign ministry announced the summit in late October during the first meeting of an "international alliance" pushing for a two-state solution.
  • The 57-member OIC and 22-member Arab League include countries that recognize Israel and those firmly opposed to its regional integration.

Bitcoin hits $80,000 for the first time on Trump return optimism

London, United Kingdom -- Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump's return to...
  • It has been rising since Republican candidate Trump won last Tuesday's US presidential election over sentiment that he will ease regulations on digital currencies.
  • During his first presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, even launching his own platform for the unit.

Qatar halts Gaza mediation efforts amid stalled talks on ceasefire and hostage release

The Gulf emirate, which has hosted Hamas's political leadership since 2012 with US blessing, has been involved in months of...
  • Talks, also mediated by Cairo and Washington, have repeatedly hit problems since a one-week truce in November 2023 -- the only one so far
  • One crucial hurdle has been Hamas's insistence that Israel withdraw completely from Gaza, something Israeli officials have repeatedly rejected

Global food prices reach 18-month high, vegetable oil cost soars

Paris, France -- Global food prices rose in October to their highest level in 18 months, with a sharp increase in...
  • The FAO Food Price Index, which tracks monthly changes in international prices of a basket of food commodities, reached 127.4 points last month, a 2% increase from September.
  • It was the highest since April 2023 but still 20.5 percent lower than the peak reached in March 2022 following Russia's invasion of agricultural powerhouse Ukraine.

Buried for 14 hours after Israeli strike, Lebanese toddler makes recovery

The strike flattened an apartment complex and killed 15 people, many of them relatives
  • "Ali is the sole survivor of his family," said his father's uncle
  • "He emerged from the rubble, barely breathing, after 14 hours"

UN probe says women, children comprise the majority of Gaza war dead

In a fresh report, the United Nations Human Rights Office (OHCHR) detailed a raft of violations of international law. Many...
  • "Civilians in Gaza have borne the brunt of the attacks, including through the initial 'complete siege' of Gaza by Israeli forces," the UN said.
  • "Conduct by Israeli forces has caused unprecedented levels of killings, death, injury, starvation, illness and disease."

Who will staff Trump’s Govt? A look at top contenders, with Elon Musk among the likely picks

Tesla CEO Elon Musk could head a new "Department of Government Efficiency," promising $2 trillion in federal budget cuts and...
  • "There are some people that will be returning (from Trump's first term)," senior Trump aide Jason Miller told Fox Business. "And there'll be some new people joining the mix."
  • Linda McMahon, a former CEO of World Wrestling Entertainment, and Howard Lutnick, the founder of the brokerage firm Cantor Fitzgerald, are leading the transition process

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.
  • The airline group, operating from the world's busiest airport for international traffic, has faced regional disruptions due to the conflicts, but has expanded its network elsewhere
  • Group revenue rose 5.0 percent to $19.3 billion on "consistently strong customer demand across business divisions, and across regions", the statement said.

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

Sudanese journalists form union to safeguard press freedom

The journalists' syndicate held elections on Saturday, the first since ousted president Omar al-Bashir dissolved independent unions after rising to...

Morocco bus crash leaves 23 dead, scores injured

An average of 3,500 deaths and 12,000 injuries have been recorded annually in Morocco, according to the National Road Safety...

Tunisia train accident leaves nearly 100 passengers injured

A head-on collision between two passenger trains injured 95 people on Monday morning in the south of the Tunisian capital,...

Iranian jet fighter crashes, three killed, reports state TV

Jet fighter crashed in a residential area of the northwestern city of Tabriz.

Beyonce, Jay-Z, Grande, and Billie Eilish shortlisted for Oscar

Iran's Asghar Farhad is among a select group of auteurs to have won multiple foreign film Oscars previously again makes...

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...

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...

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"...

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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