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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 health ministry inks pact with Mediclinic Middle East

UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...
  • UAE Ministry of Health and Mediclinic Middle East will cooperate in exchange of expertise and enhancing health research.
  • Both entities will cooperate in organizing scientific conferences, training programs related to health research in the country.

Response Plus enters Indian market

The company will establish its Indian headquarters in Kerala state.
  • RPM India will work as a healthcare partner for onsite medical service solutions with oil and gas companies and other major industries.
  • It will provide services to Airports, Seaports, Educational Institutions, malls and global events to meet the emergency healthcare needs.

Covid pandemic end in sight, seize this opportunity: WHO

Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to...
  • WHO is urging countries to invest in vaccinating 100 percent of the most at-risk groups, and to keep up testing and sequencing for the virus.
  • A WHO study based on excess mortality seen in various countries during the pandemic estimated that up to 17 million people may have died in 2020 and 2021.

UAE ranks 1st regionally in UNDP Human Development Report

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is...
  • The Human Development Index (HDI) is a summary measure for assessing long-term progress in three basic dimensions of human development.
  • The three basic dimensions are a long and healthy life, access to knowledge and a decent standard of living.

UN says human progress set back five years by Covid

Depicting a gloomy picture of the state of human progress, a United Nations report argues that an unprecedented array of...
  • The Human Development Index has steadily risen for decades, but began sliding in 2020 and continued its fall in 2021, erasing the gains of the preceding five years
  • A large contributor to the Human Development Index's recent decline is a global drop in life expectancy, down from 73 years in 2019 to 71.4 years in 2021

Juul to pay US$438m in US over marketing vapes to youth

Under the agreement, Juul would provide payments over the next 6-10 years to individual US states and pledge to not...
  • Juul has been blamed for a surge in youth vaping over its marketing of fruit and candy flavored e-cigarettes, which it stopped selling in 2019
  • On June 23, the FDA said it was ordering all products made by Juul Labs off the market after finding the vaping giant had failed to address certain safety concerns

Pure Health to invest US$500m

It will buy stake in a US healthcare firm Ardent.
  • Ardent Health Services is the fourth largest private hospital operator in the United States with operations across six states.
  • Pure Health would receive board observer rights but would not have a seat on Ardent’s board of directors.

S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate

The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...
  • The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
  • In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic

UN says half of world’s health facilities lack basic hygiene

Sketching a dire picture of the world’s healthcare facilities, the United Nations has said that nearly four billion people are...
  • The report said the newly established global estimate, based on data from 40 countries, presents an "alarming picture" of the state of hygiene in health facilities
  • Facilities in sub-Saharan Africa were lagging, with only 37 percent having handwashing facilities with soap and water at toilets

In risky recycling venture, Gazans burn plastic for fuel

It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious...
  • In Gaza, where exchanges of fire between Palestinian militants and Israel for three days this month killed at least 49 Palestinians, health risks are outweighed by economic reality
  • Unemployment has hit 47 percent and the average daily wage is around 60 shekels ($18), according to the Palestinian Central Bureau of Statistics.

UNFPA and corporate partners drive reproductive justice in workplaces

Mariarosa Cutillo, UNFPA Chief of the Private Sector and Civil Society Branch, says businesses need to provide adequate maternal health...

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Saudi Arabia’s Ministry of Investment inks 3 MoUs at FII7

RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Investment signed three memoranda of understanding (MoU) in the fields of biotechnology,...

Swedish researchers find snoozing in the morning isn’t bad

Stockholm, Sweden - You snooze, you lose? Swedish researchers said Wednesday that might not be the case, after their study even...

Markets fall as Biden set for Middle East diplomacy drive

US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip...

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SFD to provide US$20m loan to Central African Republic for development projects

MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
  • The agreement was signed on the sidelines of the 2023 World Bank and International Monetary Fund Annual Meetings in Morocco.
  • The US$20 million loan agreement aims to finance development projects in CAR, including the establishment of a 250-bed hospital.

‘Broken in two’: Libya flood survivors grapple with mental health

Last month's flood was the latest catastrophe to strike the oil-rich North African country that has been wracked by war...
  • IRC warned of the "immense psychological toll the emergency is taking on those affected, particularly in the city of Derna, one of the areas hardest-hit
  • UNICEF's partners had "reported several instances of suicides, withdrawal, lack of sleep, bed wetting... among children, especially in shelters"

EU wants to renew herbicide glyphosate for next 10 years

BRUSSELS, BELGIUM - The European Commission is proposing to renew the use of the controversial and widely used herbicide glyphosate in...
  • Current authorization expired in December 2022 but was extended by a year pending a scientific study of the herbicide.
  • Environmental activists said there was scientific evidence that glyphosate may cause cancer, poison aquatic life.