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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 stocks shed gains as most GCC markets remain shut

    In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while...

    UAE stock exchanges plummeted as the Dubai index lost more than 1% and Abu Dhabi index slipped 0.1% on Friday

    Before the Eid Al-Fitr holiday, the Saudi market index closed with gains of 4.9%

  • Saudi Arabia okays six tourism projects worth $400 million

    Saudi Arabia has okayed six tourism projects to the tune of $400 million in the first quarter of 2022.

    Saudi Arabia’s Tourism Development Fund, on its official Twitter account, stated that it launched three main programs

    The fund also concluded partnerships and agreements with the Ministry of Culture, the Cultural Development Fund, Radisson Blu and Deutsche Hospitality

  • Boehly consortium to buy Chelsea for record $5.2bn

    Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy...

    Owner Roman Abramovich put Chelsea on the market in early March, just days before he was sanctioned by the British government following Russia's invasion of Ukraine

    The total value of the deal smashes the previous record for the sale of a sports team -- $2.4 billion for the New York Mets baseball franchise in 2020

  • Sharjah Ramadan Festival concludes with over AED250m in sales

    The event drew a huge number of shoppers and visitors of different nationalities driven by the great deals, promotions and...

    The event drew a huge number of shoppers and visitors of different nationalities driven by the great deals, promotions and discounts that met their needs

    Over 2,000 shops participated in the festival, offering a wide range of products in all cities and regions of Sharjah with discounts of up to 75 percent on the most popular fashion

  • Facebook accused of blocking Australian health sites

    "Facebook intentionally put lives at risk to protect its bottom line," said Whistleblower Aid chief Libby Liu.

    US based organization said that Facebook "overblocked" websites in Australia that were providing support for vulnerable people

    Australia had passed a law to force Facebook to negotiate with news content providers after the five days of blackout

  • Qatar’s migrant army queues for glimpse of World Cup

    The price of tickets means that most of those who waited up to two hours for the chance of a...

    Some tickets costing QAR40 ($11) have been reserved for Qatar's 2.8 million population, most of whom are foreign workers

    However, all the cheap tickets are apparently gone, and the cost of others was too high for those earning $275 a month

  • Saudi Arabia to attract $32bn investment in mining sector

    The investment is expected to be made in nine new projects across the country.

    The projects are aimed at supporting supplies of mineral products to local and international markets

    The ministry is currently studying 145 applications for exploration licenses from foreign companies

  • Reliance nets $100bn annual revenue

    With this turnover, it became the first Indian firm to cross the mark.

    The conglomerate reported a net profit of INR162.03 billion ($2.1 billion) between January and March

    This was 22.5 percent higher than the same period last year for the group, owned by Asia’s richest man

  • Brazil, Guyana agree to widen energy cooperation

    US giant ExxonMobil announced in April the discovery of three new oil deposits in Guyana, raising estimates of the country's...

    Guyana has emerged as one of the main low-cost oil production countries

    It is now preparing to auction offshore oil blocks at the end of the year

  • ‘Brain training’: the new frontier for eSports

    The days of playing your favourite game for hours at a time to stay competitive in eSports are gone, with...

    Team Liquid is one of the biggest in the professional eSports leagues and they are keen to keep their edge, with the focus on brain training adding to the use of coaches

    "We believe The Pro Lab will make waves in the eSports industry and beyond,” Dutchman Victor Goossens, founder and co-CEO of Team Liquid, said in a statement