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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.
  • Nana ties up with Google Cloud

    The alliance will ensure home delivery in 15 minutes.

    Powered by Google Cloud, Nana Direct uses the company’s unique artificial intelligence and data warehousing solution to be well informed about business decisions

    Google said that by virtue of the collaboration it will be able to bring innovative solutions to e-commerce in the kingdom

  • Google AI splits opinion on its risks and ambitions

    An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and...

    The Silicon Valley giant suspended one of its engineers last week who argued the firm's AI system LaMDA seemed "sentient"

    AI remains a delicate topic in and outside the tech world, one that can prompt amazement but also a bit of discomfort

  • High car sales adds to Iraq’s road misery

    Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so...

    Experts point at many reasons for the growing chaos: a post-war mini boom has brought more people and more cars

    The research group Future of Iraq estimates that the fuel each vehicle wastes daily by idling in Baghdad traffic jams is equivalent to driving 20 kilometers

  • UAE to raise 2022 federal budget spending by $334.9m

    The UAE will raise its 2022 federal budget spending by an additional Dh1.23 billion ($334.9 million), according to the Federal...

    The FNC said on Twitter that the increased spending will come from the federal government's general reserves

    The UAE's revenue is expected to grow by about Dh374.9 million

  • BP buys 40% stake in Australian renewable plant, largest on earth

    Oil giant BP announced Wednesday it is taking a 40.5 percent stake in an Australian energy project being billed as...

    The project is expected to generate 26 gigawatts of renewable energy through wind and solar, supplying power across the Pilbara

    It will also produce 1.6 million tonnes of green hydrogen each year

  • GCC eyes unified payment system to strengthen banks

    Aiming to strengthen the financial sector and achieve economic unity by 2025, the regional governments are working on an agreement...

    The Unified Payment System Agreement is part of the GCC's commitment to boost the region's financial markets

    The participation of the GCC countries in the unified payment system is optional and also based on their readiness

  • Food security main agenda of UAE delegation in Netherlands

    A UAE delegation visits Netherlands to exchange knowledge and best practices in the food sector with their Dutch counterparts with...

    The UAE delegation shared their wide range of expertise with their Dutch counterparts

    The delegation learned first-hand about the latest innovations in Dutch agriculture technology

  • Qatar passenger traffic may surge by 105 percent in 2022: Report

    The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until...

    Passenger traffic anticipates a surge ranging from +90 percent to +105 percent compared to the year 2021

    The report suggests that the number of flights at Hamad and Doha International Airports could reach about 28,000

  • Kuwait awarded nearly $6 billion worth of tenders in 2021

    The Central Agency for Public Tenders of Kuwait (CAPT) has awarded 235 tenders worth $5.9 billion in 2021. Secretary-General of...

    The Ministry of Electricity, Water and Renewable Energy had won the lion's share of the tenders in 2021.

    The Ministry of Health (MoH), with 25 tenders worth $364.6 million, grabbed the second position.

  • Jordan, Egypt sign deal to develop and operate logistics areas

    Jordan and Egypt held a meeting Monday to discuss mutual cooperation in the field of establishing, operating and developing logistic...

    The two nations had signed a cooperation deal on the sidelines of the 30th session of the Joint Jordanian-Egyptian Higher Committee.

    The virtual meeting between the two highlighted the importance of implementing partnership projects for strengthening self-sufficiency.