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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.

  • Ramadan brings $6bn windfall for MENA

    The spending through the month of April has been widespread, including a broader increase in sales volume and a diversification...

    Saudi spending on travel, accommodation, and dining in restaurants rose by 37% in Ramadan 2022

    Consumers in the MENA are predicted to spend US$ 6.2 bn online during Ramadan in 2022

  • Aldar Properties Q1 net profit $187m

    The firm said its revenue grew 32 percent to 2.68 billion dirhams.

    Its quarterly sales were AED 2.2 billion, driven by inclusion of SODIC’s strong Q1 performance and continued momentum in Abu Dhabi’s real estate market.

    It expanded strategic land bank for development with a 6.2 million square meter plot acquired on Saadiyat Island during the second quarter.

  • Can Twitter become more profitable under Elon Musk?

    Listed on the New York Stock Exchange for just under nine years, Twitter has posted a net loss every year,...

    Musk is paying above $44 billion for the company, an amount dwarfed by Facebook's valuation of more than $500 billion.

    Twitter's revenues are mainly derived from advertising rather than its user base, which isn't large enough to make up its finances.

  • Demolitions in Jeddah cause anguish in residents

    The Saudi doctor still had 15 years left on the loan he used to build his family's "dream" home in...

    The operation was part of a $20-billion clearance and construction project that stands to displace half-a-million people in Saudi Arabia's second city

    Paused for the Muslim holy month of Ramadan, the demolitions are expected to pick up again in May

  • Ajman Chamber certificates of origin rise by 29 percent in 2021

    The total number of certificates of origin issued by the Ajman Chamber of Commerce and Industry (ACCI) during 2021 increased...

    The products of ships and boats ranked first in the exports from Ajman, while fish products came in the second rank.

    Ajman's exports to the top 10 countries during 2021 constituted about 65 percent of the total value of exported goods.

  • MENA region saw $2.88bn startup investment in 2021: Report

    The report also claimed that the value of early-stage deals for startups in the region doubled from 2020 to 2021.

    Startups based in the UAE attracted the highest value and number of investment deals in 2021

    Saudi Arabia continued to hold the second position in value of deals, followed by Egypt and Jordan

  • Iconic GCC TOP CEO event in May

    The event, along with the Arab Women Forum, will be held at Palazzo Versace, Dubai, on May 17 and 18,...

    Arab Women Forum, a platform to discuss achievements and share solutions for the women leaders of the region, is also making a comeback along with TOP CEO Conference and Awards

    The TOP CEO awards are based on the rankings of all GCC-listed companies based on financial performance, size of a company, and corporate governance

  • Despite unrest, it’s business before politics in West Bank town

    Violence may rage elsewhere, but it's business before politics in the occupied West Bank town of Nilin where Palestinian merchants...

    Nilin is no stranger to the realities of occupation -- a number of the town's residents have been killed in past clashes with Israeli forces

    The Jewish state's separation barrier cuts through its western edge, and Israeli settlements, regarded as illegal under international law, dominate the surrounding hilltops

  • Booking volumes up 195% YoY for Eid, says dnata Travel

    The top five most-booked destinations this year so far with dnata Travel include the Maldives, the UAE itself, Turkey, Mauritius,...

    This year, 65 percent of UAE travelers opted for worldwide destinations, while 35 percent chose staycations, according to dnata

    This is compared to 68 percent of travelers booking UAE staycations and 32 percent seeking international holidays in 2021

  • TA’ZIZ, Reliance ink pact

    TA’ZIZ taps Indian conglomerate for Ruwais project.

    Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National Oil Company

    The formal shareholder agreement was signed by senior executives during a visit of Mukesh Ambani, Chairman and Managing Director of Reliance