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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.
  • Social media platform X to shutter local operations in Brazil

    Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the...

    A post Saturday from X's Global Government Affairs department said Moraes had "threatened our legal representative in Brazil with arrest if we do not comply with his orders."

    It said the office closure was necessary "to protect the safety of our staff," adding, "the responsibility lies solely with Alexandre de Moraes."

  • Crypto crime drops 19.6% as digital ecosystem matures

    Advanced blockchain analysis tools, such as those provided by Chainalysis, are empowering law enforcement agencies and enterprises to counter the...

    Research by Chainalysis found that flow of crypto funds to legitimate services has reached their highest levels since 2021

    Aggregate illicit activity over the same period fell by an impressive 19.6 percent

  • Middle East War

    West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’

    With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...

    Iran and its Lebanese ally Hezbollah have vowed revenge for the killings of Ismail Haniyeh and Fuad Shukr

    The White House warned that a "significant set of attacks" by Iran and its proxies was possible as soon as this week

  • Apple makes changes to App Store after EU warning

    From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...

    The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay

    This makes Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act

  • Oman, China bilateral trade grows by 8% to $15bn till May

     The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...

    The major projects in Oman are in new energy, mining, electricity generation, IT and communications

    Chinese investments in Oman stood at over US$6.6bn

  • Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022

    The next steps include official visits by FIFA and a comprehensive evaluation of the bid.

    This bid highlights Saudi Arabia’s commitment to Vision 2030

    Saudi Arabia is currently the sole nation bidding for the 2034 World Cup

  • US defends forcing sale of TikTok app

    TikTok's suit argues this violates First Amendment rights of free speech.

    US intelligence agencies are concerned that China can "weaponize" mobile apps, justice department officials said

    A bill signed by President Joe Biden early this year set a mid-January 2025 deadline for TikTok to find a non-Chinese buyer or face a US ban.

  • GACA and SBJBC strengthen saudi-UK aviation ties in London roundtable

    Led by GACA President, the meeting featured the British Ministry of Transport, the SBJBC, and key aviation industry leaders.

    The discussion emphasized the strong commercial and investment partnership between Saudi Arabia and the UK

    The meeting also highlighted various investment incentives in the Saudi aviation sector

  • World’s richest 1% gained $40 trn in a decade: Oxfam

    Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...

    Despite this windfall, taxes on the rich had plummeted to "historic lows", the NGO added, warning of "obscene levels" of inequality

    Brazil has made international cooperation on taxing the super-rich a priority of its presidency of the G20, a group of countries representing 80% of the world's GDP

  • Riyadh’s “Global Sports Tower” designs approved

    Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...

    Standing at 130 meters, the tower will feature over 30 sports facilities

    Designed with a blend of traditional and modern Salmani architecture, it promises to be a distinctive addition to Riyadh's skyline