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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.

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...

Renault Scenic model wins Car of the Year at Geneva auto show

Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
  • Renault is the only European automaker with a presence at this year's industry gala.
  • Volkswagen and Stellantis, whose brands include Peugeot and Fiat, decided to skip the event.

Japan’s Moon craft SLIM revives after lunar night

TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
  • The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its solar panels facing the wrong way.
  • As the sun's angle shifted, it came back to life for two days and carried out scientific observations, Japan Aerospace Exploration Agency (JAXA) said.

Goldman Sachs, Mubadala ink pact

The two firms have signed a $1 billion private credit deal.
  • The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
  • This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.

WTO launches US$50m fund for women entrepreneurs in developing countries

ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...
  • The director general of WTO said the "ground-breaking initiative... embodies our collective commitment to empower women".
  • The fund will help businesses run by women in developing countries to adopt digital technologies and increase their online presence.

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
  • Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks.
  • On the right-wing GB News channel, Anderson claimed Islamists had "got control" of Khan, who was the first Muslim mayor of London.

UAE to provide US$10m grant to support WTO initiatives, says foreign minister

ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
  • Sheikh Abdullah bin Zayed expressed pride that the UAE is hosting the WTO’s MC13, the organization’s highest decision-making body, from February 26-29.
  • He welcomed all leaders and representatives of the 166 member states to Abu Dhabi for crucial negotiations on key trade issues and discussions.

American spaceship lands on moon, images expected soon

The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...
  • The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.
  • Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.

Stock markets diverge before Nvidia results, Federal Reserve minutes

Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
  • In the eurozone, the Frankfurt and Paris stock markets edged higher in afternoon deals.
  • Hong Kong and Shanghai bourses jumped after Beijing's latest measures to boost China's stuttering economy.

Dutch court upholds $50bn payment award in Yukos case

THE HAGUE, NETHERLANDS -  A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
  • The Amsterdam Appeals Court turned down a claim by Moscow that shareholders had "committed fraud" during the arbitration process.
  • In 2014 the international Permanent Court of Arbitration (PCA) in The Hague ruled in favor of shareholders,

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...
  • At least 95 percent of children need to be fully vaccinated against the disease in a locality to prevent outbreaks, but global vaccination rates have slipped to 83 percent.
  • WHO official Crowcroft pointed out that 92 percent of all children who die from measles live among less than a quarter of the global population, mainly in very low-income countries

Sweden Quran burner arrested in Norway, faces deportation

OSLO, NORWAY – An Iraqi refugee in Sweden who stoked international outrage by repeatedly desecrating the Quran last year has been...

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US, Israel hold talks as Gaza truce plan fails at UN

Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...

Poorer countries need money before raising climate targets, says COP29 head

Copenhagen, Denmark - Developing countries should not have to set stricter targets for cutting their carbon emissions before funds are available...

Lamborghini sales up in 2023

The deliveries sped up 9.5 percent to 10,112 vehicles.

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Russia not in danger of trading oil at a loss, says Lavrov

MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of...
  • Lavrov expressed confidence that Moscow is not frightened of relying on countries that will buy Russian oil and gas.
  • OPEC+ regulates the market and prices in an equitable manner, taking into account the interests of consumers, the minister said.

S.Africa says Israel war undermining top UN court

South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...
  • South Africa has again petitioned the court in The Hague to order measures for Israel to stop "widespread starvation".
  • Israel hit out as the South African plea as "outrageous" and "morally repugnant," pointing to its initiatives, including humanitarian pauses in fighting.

Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...
  • Many clubs across the world already deploy experts to comb through video and data to carefully plan corner kick scenarios ahead of matches.
  • Google DeepMind, the AI arm of the US tech giant, also targeted corners for its new TacticAI system in research.