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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.

Reformist faces ultraconservative as Iran votes for president

In a contest between reformist Masoud Pezeshkian and ultraconservative Saeed Jalili, the election comes amid heightened regional tension
  • The election follows a first round marked by a historically low voter turnout last week
  • Regardless of the result, Iran's next president will be in charge of applying state policy outlined by the supreme leader

Airbus nets satellite deal

The $2.5bn contract was awarded by the German army.
  • The contract was awarded for next generation SatcomBw 3 military communications satellites, the European aerospace firm said.
  • The contract, for deployment by the end of the decade, includes the prime contractor of two satellites "as well as the ground segment (receiving stations.

European Union slaps Chinese electric cars with tariffs of up to 38%

Brussels, Belgium -- The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car...
  • A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals.
  • The Chinese Chamber of Commerce to the EU slammed the tariffs, coming on top of current import duties of 10 percent, as "politically-motivated" and "protectionist".

Lebanon’s Hezbollah rains rockets on Israel as Gaza war rages

Fire and smoke billows after rockets fired from southern Lebanon hit areas in northern Israel on July 4, 2024. (AFP).
  • The Israeli military said its forces were "striking launch posts in southern Lebanon"
  • UN chief Antonio Guterres is "very worried about the escalation of the exchange of fire"

Iraqi armed groups say ready to fight Israel if Lebanon war breaks out

Baghdad, Iraq - As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready...
  • A field commander of the Islamic Resistance in Iraq said there would be "escalation for escalation" in the event of a full-scale war in Lebanon
  • The commander, speaking to AFP on condition of anonymity, said the Iran-backed group had already sent "experts and advisors" to Lebanon

Syrian-based armed Iraqi groups ready to fight Israel to support Lebanon if war breaks out

As war rages in Gaza and threatens to spread to Lebanon, Iraqi militant groups warn they are ready to enter...
  • Pro-Iran armed groups so-called "Axis of Resistance" is an alliance that includes Lebanon's Hezbollah and Yemen's Huthi rebels
  • In late January, a drone strike launched by Iraqi armed groups killed three US soldiers across the border in Jordan

Pro-Palestinian group scales Australia’s parliament

Sydney, Australia - Protesters scaled Australia's national parliament on Thursday, unfurling banners reading "Palestine will be free", and accusing Prime Minister...
  • The protest follows recent divisions within the Labor government, which suspended a Muslim senator who voted in favour of Australia recognizing a Palestinian state
  • Senator Fatima Payman said she had been "exiled" after supporting the parliamentary motion - put forward by the Greens party - in defiance of government policy

Heavy fighting rocks Gaza as thousands are on the move again

The United Nations warned that the almost nine-month-old war had "unleashed a maelstrom of human misery."
  • The UN agency supporting Palestinian refugees said 250,000 people had been impacted by the latest evacuation order
  • The war has now displaced 80 percent of Gaza's population

Dubai-based rowers brave Arctic this July to highlight plastics pollution

At an indoor pool in Dubai, three rowers battle artificial rain and simulated waves as they train for an Arctic...
  • They plan to row for three weeks aboard an eight-meter boat flying the UAE flag, with no sail or engine
  • The United Nations says plastics account for 85 percent of all marine trash

Tesla auto deliveries beat expectations

Electric carmaker Tesla saw its shares surge on Tuesday.
  • Tesla said it delivered around 444,000 vehicles worldwide in the April-June period, exceeding consensus estimates compiled by FactSet
  • Of the total figure, 422,405 involved Model 3 and Model Y vehicles. Tesla gave no detailed breakdown of the other autos delivered

Donald Trump ramps up transition moves with key appointments

President-elect Donald Trump is tapping loyalists for several key posts after signaling his desire to have his cabinet confirmed without...

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Saudi Crown Prince holds talks with Iranian foreign minister in Riyadh

Saudi Arabia and Iran hold discussions on bilateral and regional issues, especially on peace efforts in Lebanon and Gaza. Also,...

Nobel-winning physicist ‘unnerved’ by AI technology he helped create

Washington, United States - A US scientist who won the 2024 Nobel physics prize for his pioneering work on artificial intelligence...

Israel continues to tear apart Gaza and parts of Lebanon; Hamas-Hezbollah alive and kicking

While Israel continues to attack Gaza and Lebanon, the situation is "very scary" in Gaza Strip according to a Red...

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Fleeing Israeli bombs, Lebanon’s displaced met with suspicion

Lebanon remains split over the group's decision to open a front against Israel in solidarity with Gaza and drag the...
  • For weeks, Israeli strikes have widened in pursuit of Hezbollah members, causing civilians from the Iran-backed group to be shunned, as people fear they could draw further attacks
  • After nearly a year of cross-border clashes, Israel intensified its bombing campaign on September 23, killing more than 1,110 people, according to an AFP tally of official figures

Saied re-elected Tunisia president with 90.7% of the vote

Tunis, Tunisia - Kais Saied has been re-elected president of Tunisia with 90.69 percent of votes cast, electoral authority ISIE said...
  • Three years after Saied made a sweeping power grab, rights groups fear his re-election will entrench his grip on the only democracy to emerge from the 2011 protests
  • His imprisoned rival Ayachi Zammel received just 7.3 percent, and third candidate Zouhair Maghzaoui only 1.9 percent, ISIE head Farouk Bouasker said on national television

HRW: Israeli strikes endanger civilians on Lebanon-Syria border

Human Rights Watch said the strikes were "impeding civilians trying to flee and disrupting humanitarian operations", adding: "The situation places...
  • Human Rights Watch said the strikes were "impeding civilians trying to flee and disrupting humanitarian operations"
  • Lebanese authorities said Friday that more than 370,000 people had crossed from Lebanon into Syria