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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.

Houthis launch fresh drone, missile attacks from Yemen: US

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said,...
  • US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over the Red Sea and another over the Gulf of Aden - while a fifth drone crashed
  • The Houthis also launched two anti-ship ballistic missiles, according to CENTCOM, which said no injuries or damage were reported from US, coalition or commercial ships

WFP warns of ‘apocalyptic’ scenes in southern Gaza

"The exodus that we've seen in the past 20 days or so out of Rafah has been an awesome and...
  • The public health situation was "beyond crisis levels", he said, adding: "The sounds and smells of everyday life are horrific and apocalyptic."
  • In central areas of the Gaza Strip, where many people fled, the WFP is providing around 400,000 hot meals a day, and has kept six bakeries functioning.

UBS-Credit Suisse merger completed

The fallen Credit Suisse AG legally ceases to exist.
  • Credit Suisse AG's clients are now considered to be clients of UBS AG.
  • With today's merger, UBS has taken over Credit Suisse's rights and obligations.

Israel troops push into central Rafah

In central Gaza, the Israeli army said it was "intensifying operations" and had carried out air strikes that "eliminated several...
  • Witnesses reported seeing Israeli air strikes "in central Rafah" as well as troop movements in the area
  • Israel said its forces had killed about 300 Palestinian fighters in Rafah since launching its military operation in the city

Oil giant Aramco says to offer shares worth over $10 bn on Saudi bourse

Riyadh, Saudi Arabia - Oil giant Saudi Aramco said on Thursday it plans to sell 1.545 billion shares worth more than...
  • In a statement posted to the Saudi stock exchange, Aramco announced a secondary public offering of 1.545 billion shares
  • The sale on the local bourse, which represents approximately 0.64 percent of the company's issued shares, will commence on Sunday

US, UK air strikes hit several sites in Yemen

The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces...
  • AFP journalists heard loud explosions in the capital Sanaa and the port city of Hodeida overnight from Thursday to Friday
  • The Houthi-controlled television channel Al-Masirah said strikes had also targeted telecoms infrastructure in the town of Taez

Humanity in ‘race against time’ on Artificial Intelligence: UN

Geneva, Switzerland -- Humanity is in a race against time to harness the colossal emerging power of artificial intelligence for the...
  • "We've let the genie out of the bottle," said Doreen Bogdan-Martin, head of the United Nations' International Telecommunications Union (ITU).
  • "I believe we have a once-in-a-generation opportunity to guide AI to benefit all the world's people," Bogdan-Martin told AFP ahead of the summit.

Rafah battles intensify as Israel takes over Gaza-Egypt border strip

Israel said on Wednesday its forces had taken over the 14-kilometre Philadelphi corridor on the Gaza-Egypt border
  • The Israeli military launched its incursion into Rafah in early May despite international objections
  • A strike over the weekend that started a fire and killed dozens in a displacement camp drew a wave of fresh condemnation

Car ramming attack kills two Israeli soldiers in West Bank: army

A car ramming attack killed two Israeli soldiers near the city of Nablus in the occupied West Bank, the Israeli...
  • Violence in the West Bank flared against the backdrop of Israel's war against Hamas militants in Gaza
  • The amount of humanitarian aid entering Gaza has dropped by two-thirds-UN

China’s Xi to address Arab leaders seeking ‘common voice’ on Gaza

Meeting Sisi on Wednesday, Xi said he was "deeply pained" by the "extremely severe" situation in Gaza, where the Hamas-run...
  • China's capital is this week hosting Egyptian President Abdel Fattah al-Sisi and several other Arab leaders for a forum in which Israel-Palestine war is expected to be discussed
  • Beijing has good relations with Israel but has supported the Palestinian cause for decades and campaigned for a two-state solution to the Israeli-Palestinian conflict

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...

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Updates: Iran launches missile attack on Israel

Iran has launched a missile attack on Israel's commercial hub Tel Aviv, state media reported Tuesday. The official IRNA news...

Covestro accepts ADNOC takeover bid

The deal values German chemicals group at $13.3bn.

US says Iran preparing imminent missile attack on Israel

Iran is preparing an imminent ballistic missile attack against Israel, the United States said on Tuesday, warning that any such...

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Qatar Airways seeking 25% stake in Virgin Australia

Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...
  • The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas
  • In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia

Saudi economy to register losses until 2027, says finance ministry

Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025. Estimates put total government revenues for 2025...
  • Saudi Arabia anticipates a budget deficit of 2.3 percent of GDP in 2025
  • Estimates put total government revenues for 2025 at approximately US$320 billion, which would create a deficit of US$27bn

Israeli special forces in ‘limited’ Lebanon ground operations, says United States

Israeli forces have launched limited incursions in Lebanon, the United States said on Monday, while Lebanon's national army, dwarfed by...
  • Lebanese PM Najib Mikati called for a ceasefire based on a recent US-French proposal, urging "an end to the Israeli aggression against Lebanon"
  • Netanyahu in a video address to Iranian people say that change will "come a lot sooner than people think"