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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.
  • UAE Minister promotes trade, friendly ties during Florida visit

    UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi concluded a two-day visit to Florida which...

    The UAE minister's trip to Florida builds on recent trips to the UAE by local Florida officials

    He attended several high level business development and networking events and meetings

  • Invictus listed on ADX’s Growth Market

    Invictus Investment specializes in agro-food commodities, raw materials.

    The company was established in Jebel Ali Free Zone in 2014 to manage raw material import requirements for large manufacturers in Sudan.

    The company also operates Invictus Trading FZE, a fully owned subsidiary whose activities include non-manufactured precious metals trading.

  • US stocks on defensive amid inflation and slowdown anxiety

    Wall Street stocks were mixed early Wednesday, treading water after the prior session's pullback that came amid worries over soaring...

    After last week's rally, stocks were back on the defensive Tuesday, falling hard after downcast consumer confidence reading.

    The broad-based S&P 500 added 0.1 percent at 3,825.61, while the Nasdaq Composite Index dipped 0.1 percent to 11,173.57.

  • Ocean-based climate solutions important, says UAE Minister

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon...

    The UAE minister says leveraging nature-based solutions to mitigate and adapt to the impacts of climate change is vital

    She says important to explore ways to tackle marine pollution from land- and sea-based sources

  • Qatar trade balance surplus surged 120 percent in May

    The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching...

    The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 45.3 billion.

    The imports of goods in May 2022 amounted to around QR 8.8 billion, showing an increase of 5.5 percent compared to May 2021.

  • Etihad Air expected to fly 2.7m passengers over summer months: CEO

    Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following...

    Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners.

    Guests would check in online, use the Verified to Fly service to submit any Covid-related documents for approval.

  • World Bank approves $130m loan for Tunisia to ensure food security

    The loan approved Wednesday aims to ensure "affordable bread for the poor, barley for livestock, and agricultural inputs for domestic...

    The package is aimed at lessening the impact of the Ukraine war by financing vital soft wheat imports.

    Tunisia is dealing with heavy public debt, a low credit rating and steep inflation, which worsened because of Ukraine war.

  • UAE presents national report on spent nuclear fuel to IAEA

    The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International...

    The national report describes the legislative and regulatory measures taken by the UAE to meet its obligations

    The report also addresses options in regards to spent fuel and radioactive waste management

  • Schneider, ADH sign MoU

    They will collaborate on a number of projects within Egypt and beyond.

    Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, said a Schneider executive.

    He said these platforms are designed to enable the use of innovations like the Internet of Things.

  • EU to stop combustion engine sales by 2035 in Europe

    The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the...

    The measure, first proposed in July 2021, will mean a de facto halt to sales of petrol and diesel cars as well as light commercial vehicles

    Europe's automotive industry, which is already investing heavily in the move to electric vehicles, fears the social impact of a too-rapid transition