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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
  • Iraq father begins legal action against BP over son’s cancer death

    Rumaylah, Iraq - Hussein Julood is taking legal action against British energy giant BP after he lost his son to...

    The bereaved father, who lives near the Rumaila field in the southern province of Basra, is demanding that the firm compensate him for his son Ali's medical expenses

    He said no amount of money would make up for his son's death. But "what I am claiming is my right", added the 55-year-old father of seven, from his modest home

  • SAMA Licenses ‘Hala Financing’ to provide crowdfunding solutions

    Riyadh, Saudi Arabia - The Saudi Central Bank (SAMA) has licensed "Hala Financing" to provide debt-based crowdfunding solutions. With Hala...

    With Hala Financing, there are now 11 authorized companies offering debt-based crowdfunding solutions in Saudi Arabia

    The addition brings the total number of finance companies licensed and permitted by SAMA to 62, according to a SAMA news release

  • US says Boeing can be prosecuted for 737 MAX crashes

    San Francisco, United States - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max...

    Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter to a federal court in Texas

    Such a breach would mean Boeing can be prosecuted for any violation of federal law related to the crashes, according to US justice officials

  • OpenAI reveals new GPT-4o model that is faster and free for all users

    OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...

    OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors

    The new model can respond to users’ audio prompts “in as little as 232 milliseconds

  • Iraq now gas self-sufficient, paves the way for surplus exports

    Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad, strengthening the Iraqi economy.

    Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad

    It is expected that Iraq's oil reserves will increase to over 160 billion barrels, thereby boosting Iraq's position in the global oil market

  • Apple’s latest iPad signals the company’s AI-powered future

    San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...

    The latest version of the iPad Pro uses a new chip called the M4, which is stronger than the one currently used for Apple's laptops

    The iPad Pro and ultralight iPad Air are the company's first iPad releases in two years, ending Apple's longest period without upgrades since it launched the tablet in 2010

  • NEOM, Saudi Red Sea Authority to partner in marine tourism

    NEOM, Saudi Arabia -- Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM to collaborate...

    The partnership will promote the sharing of expertise and enable the implementation and activation of joint initiatives.

    The agreement specified several areas of cooperation, such as supporting opportunities available to investors in coastal tourism and water activities.

  • Gaza truce talks resume in Egypt, without Israel for now

    Mediators from Qatar, Egypt and the United States have been waiting for Hamas to respond to a proposal that, according...

    The WHO says 1.2 million people, half of Gaza's population, have sought refuge in Rafah, which has been repeatedly threatened by Israel with an invasion.

    US has reiterated its objections to a Rafah offensive, saying Israel has not presented a plan to protect the civilians sheltering there.

  • Audi’s sustainable Middle East luxury drive

    The Arab countries are experiencing a significant surge in the adoption of electric vehicles (EVs), particularly favoring premium models, says...

    There's also a discernible penchant for high-performance and sports models, reflecting the region's enthusiasm for dynamic driving experiences.

    In the Arab world, customers prioritizing eco-friendly options in luxury cars is rising, although it remains somewhat nascent.

  • As ‘news deserts’ spread, US journalism fights on

    Baltimore, United States - Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance...

    For more than two decades, since the internet upended the advertising and print model on which newspapers had been based, the industry has been in crisis

    Nearly half of US counties have just one news source, the report said, often a weekly newspaper. And 228 are on a so-called "watch list" at high risk of losing even that