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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.

EU targets UAE telecoms firm in new anti-subsidy probe

Telecoms group e&, whose majority stakeholder is the UAE government, signed a $2.3-billion agreement in August 2023 to purchase Czech...
  • The alleged subsidies "notably take the form of an unlimited guarantee from the UAE and a loan from UAE-controlled banks directly facilitating the transaction", it added.
  • The commission said it will investigate whether the subsidies lead to "actual or potential negative effects" on the bid's process or the EU's internal market.

Blinken meets Sisi in Cairo at start of Mideast tour

Blinken said his message to regional governments was that "if you want a ceasefire, press Hamas to say yes" to...
  • Blinken said he had a "very good exchange" with Sisi
  • The two had also been expected to discuss plans to reopen the Rafah border crossing between Egypt and Gaza

Blinken returns to Mideast in push for truce

US Secretary of State Antony Blinken was heading back to the Middle East on Monday to push a ceasefire plan,...
  • The US also called for a UN Security Council vote on a truce
  • Overall Israel's military offensive has killed at least 37,084 people in Gaza

Saudi Aramco says foreigners grab ‘majority’ of share offering

Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold...
  • Aramco ended trading on Sunday at 28.60 Saudi riyals ($7.63) per share, after opening at 27.95 riyals, giving it a market capitalisation of around $1.85 trillion
  • Aramco, the mostly state-owned jewel of the Saudi economy, announced on May 30 that it would sell 1.545 billion shares, or approximately 0.64 percent of its issued shares

Israel army says senior commander resigns over Oct 7 attack

Israel's army said Sunday that a senior commander had resigned over what he called his failure to prevent the October...
  • Rosenfeld wrote in a resignation letter released by the army: "Everyone has to take responsibility for their part, and I am the one responsible in Division 143."
  • "On October 7, I failed my life's mission: to protect the envelope," he wrote, referring to the southern Israeli communities on the border with Gaza

US destroys drones, missiles in Houthi-controlled areas of Yemen

Houthi television channel Al-Massirah meanwhile said there were air strikes in the Yemeni capital Sanaa and elsewhere in the country...
  • The Houthis have been targeting vessels in the Red Sea and Gulf of Aden since November 2023 in attacks they say are in solidarity with Palestinians in Gaza
  • Houthi attacks have sent insurance costs spiraling for vessels transiting the Red Sea and prompted many shipping firms to take the longer passage around the southern tip of Africa

Israel pounds Gaza refugee camp as war enters ninth month

In a new diplomatic push, US Secretary of State Antony Blinken will visit Israel and key regional partners Egypt, Jordan...
  • Efforts to mediate the first ceasefire in the bloody conflict since a week-long pause in November appear to have stalled a week after US President Joe Biden offered a new roadmap
  • Hamas has yet to respond to Biden's proposal, while Israel has expressed openness to discussions but remains committed to destroying the Palestinian group

COP29 climate hosts say they’ll keep expanding fossil fuels

Bonn, Germany -- The incoming president of the COP29 UN climate summit in Azerbaijan told AFP on Friday that his country...
  • the COP29 organizers said they would also call for a "COP truce" and ask nations to observe a conflict ceasefire during the marathon negotiations in Baku in November.
  • It is estimated that emerging markets and developing countries, excluding China, will need more than $2 trillion a year by 2030 to meet their climate and development needs.

Unemployment rate nearly 80 percent in Gaza, says United Nations

Geneva, Switzerland -- The war in Gaza has seen the unemployment rate in the besieged Palestinian territory surge to nearly 80...
  • The UN's labor agency said the war between Hamas and Israel had "caused loss of jobs and livelihoods on a massive scale".
  • The average unemployment rate across the West Bank and Gaza combined stood at 50.8 percent, it said.

Palestine create history by reaching third round of World Cup qualifiers

Hong Kong, China - Palestine created history when they booked a place in the third round of the FIFA World Cup...
  • Against the backdrop of the war in Gaza, the Palestinian team has already claimed footballing history this year by making a debut appearance in the Asian Cup knockout phase
  • On Thursday, Palestine, who came into the Group I match with seven points, only needed a draw to progress, and they got the desired result

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...

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Samsung says planning job cuts

The layoffs could affect about 10 percent of the workforce.

Regional Updates: Iran “not looking for war” but will retaliate fiercely to any Israeli attack

Iranian leadership vows strong retaliation if Israel attacks Iran as Hezbollah kills eight Israeli soldiers and destroys 3 tanks while...

Israel declares UN chief ‘persona non grata’ over Iran attack response

"Anyone who cannot unequivocally condemn Iran's heinous attack on Israel does not deserve to step foot on Israeli soil," said...

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Hezbollah says it clashed with Israeli troops who tried to ‘infiltrate’ Lebanon

Hezbollah said Wednesday it clashed with Israeli soldiers who tried to infiltrate into Lebanon, and also targeted Israeli troops across...
  • Israeli military said that troops had started "targeted ground raids" in south Lebanon
  • Israeli strikes killed a further 55 people on Tuesday

Microsoft beefs-up its AI assistant with voice, vision

San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...
  • Suleyman was a former leader at AI pioneer Google DeepMind -- and was poached by Microsoft in March from his startup to head up its consumer AI division
  • It has since been caught by Google and soon Apple, which are using their dominance of the global smartphone market to get their own AI tools to consumers

GM reports US sales dip, that of EVs grew

The big Detroit automaker reported 659,601 US sales during the period.
  • The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected
  • GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000