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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.

  • Qatar announces first arrests for fake World Cup merchandise

    Approved merchandise has gone on sale in stores, but cheap imitations are available in street markets and online. Thousands of...

    FIFA sent out a phone text messages to Qatari numbers to dissuade the illegal use of the tournament emblem

    Approved companies for FIFA World Cup started selling products in stores, but cheap imitations can be found in street markets

  • Empower provides district cooling services to 17% of the hotels in Dubai

    Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World...

    Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre

    Empower expects its growth in the share of the hospitality sector to go up as a result of dozens of new applications received by the company from developers of new hotels

  • Final refrain for iPod as Apple stops production

    It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a...

    It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a new distribution model for the music industry

    The trend toward streaming music services, including one by Apple, has made devices designed just for carrying digital tunes around less enticing for consumers

  • SME development in Gulf region still in early stages

    It is essential to know that the governments can't and shouldn't do everything independently to encourage their national talents. A...

    Local talents are in short supply in the region in terms of skills and experience, says Amr Khashoggi, Chairman at Amkest Group

    Due to COVID 19, many employees have got used to working out of home and are not keen on going back to trudging along to the office or factory

  • ADQ to fund investments worth more than $4 billion in Greece

    ADQ will work with the Hellenic Development Bank (HDB), the national development bank of Greece, and Hellenic Development Bank of...

    In 2021, the value of non-oil foreign trade between the UAE and Greece reached nearly AED 2.1 billion.

    The growth of trade, when compared to 2020, was 67 percent, reflecting a significant spike in growth.

  • Arada awards two deals

    Under the $125.23m contracts, a residential district will be built at Masaar.

    Valued at AED228 million, the contract to build 142 villas in the Sendian district of Masaar was won by Kuwait's Al-Kharafi.

    The second contract worth AED232m to build the remaining 288 homes in Sendian was awarded to Intermass, a Sharjah-based contractor.

  • Mubadala, ENGIE to create digital platform for electric vehicles in Gulf

    Mubadala Investment Company and ENGIE signed an agreement to explore the development of a digital platform for charging electric vehicles...

    The two companies will work on a joint solution for the installation and operation of charging infrastructure for Electric vehicles (EVs) in UAE.

    EVs are important in supporting decarbonizing the mobility sector as transport sector is known to be a contributor in global carbon footprint.

  • Nintendo profits rise as demand booms

    The rise is also attributed to the popularity of the Switch.

    The company, which has benefited from a string of popular titles including "Pokemon Legends: Arceus", posted a 2021-22 net profit of 477.7 billion yen.

    Uncertainties linked to the global chip shortage and potential production and transport delays caused by Covid-19 lockdowns could hit future profits.

  • All that glitters: How the money-spinning IPL turned cricket into gold

    IPL teams receive a share of television rights, around 15 percent of ticket sales and sponsorship money as well. They...

    IPL expanded to 10 teams this year from the original eight. Lucknow Super Giants and Gujarat Titans are the new franchises

    Disney paid $2.55 billion for a five-year television and digital rights deal to broadcast IPL tournaments on Star India

  • Emirates Steel Arkan Q1 profit $19.62m

    The firm said the impact of Emirates Steel and Arkan merger was positive.

    The company announced revenues of AED2.04 billion for the first quarter of 2022, compared to AED233.5 million in 2021.

    It said the net profit was boosted by enhanced operational performance and higher sales volumes.