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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.

  • Record Airbnb bookings in Q1

    The firm says results signal travel rebound.

    Revenue in the first quarter was $1.5 billion, up 70 percent from the same period a year earlier, the company said.

    The booking platform has found traction around the globe, but is fighting various regulatory challenges in several jurisdictions.

  • Qatar records real estate transactions worth $57m from Apr 17-21

    Qatar recorded real estate transactions worth 207.8 million riyals ($57 million) during the third week of April, a decrease of...

    The deals in the third week include 32 vacant land deals worth 66.7 million riyals, accounting for 32 percent of the total value of the weekly transactions.

    The highest average price for residential properties was recorded in Doha Municipality, which witnessed the execution of six deals worth 36.05 million riyals.

  • Activists urge ad boycott if Musk muddies Twitter water

    The groups urged advertisers to require that Twitter maintain its content moderation policies as a non-negotiable term of doing business...

    Elon Musk’s $44-billion deal to buy Twitter must still get the backing of its shareholders and regulatory bodies

    He has voiced enthusiasm for dialing back content moderation and no longer banning people for misusing the platform

  • Increase in Japan’s imports of UAE crude oil in March

    This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs.

    This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs

    Japan's total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February

  • Saudi real estate rides high on positive sentiment

    Saudi Arabia's real estate sector continues to show promising signs, with increasing tourist numbers, consumers returning to retail stores, and...

    Q1 2022 saw an increase in the number of units built in Saudi Arabia's residential sector

    In Q1 2022, Saudi Arabia's house price index rose by 0.4 percent compared to Q1 2021

  • Pfizer Covid pill sees demand

    The drugmaker reported another round of strong earnings.

    The US pharmaceutical giant said its Paxlovid treatment for the virus would be a valuable means for governments to limit the severity of outbreaks

    Pfizer Chief Executive Albert Bourla said the company is seeing “very strong signs of increasing demand for Paxlovid as it remains one of the best tools we have.”

  • VARA of Dubai to make entry into Metaverse through ‘Sandbox’

    Dubai’s Virtual Assets Regulatory Authority (VARA) will enter into the Metaverse with the establishment of its Metaverse HQ in the...

    VARA is the world’s first regulator to make its debut in the Metaverse and seeks to ensure that the regulator is accessible to its industry

    It was established to provide a secure and progressive operating framework for the virtual asset (VA) sector to be able to scale

  • Stock markets steady awaiting start of Fed meet

    Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation....

    With the increase widely forecast, investors will be closely looking for clues on the outlook for futures rate rises

    Central banks worldwide are tightening borrowing costs despite concerns such action could hamper financial recovery from the pandemic

  • Pfizer posts 77% jump in Q1 revenues to $25.7bn

    Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year...

    Net income jumped 61 percent to $7.9 billion

    Pfizer confirmed its full-year revenues forecast, in which about just over half of total sales stem from the Covid-19 innoculation and from Paxlovid

  • Iran oil minister meets Venezuela President amid rising oil prices

    The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.

    Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices

    In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes