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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Economy in focus as Assad retains Syria’s presidency for fourth term

President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...

History created: ADX market capitalization crosses US$300 billion

The UAE’s booming economy and the gradual opening up of the world markets helped Abu Dhabi Securities Exchange’s market capitalization...

After conquering Earth, Bezos eyes new frontier in space

His journey into space aboard a reusable rocket built by his firm Blue Origin comes just two weeks after he...

Qatar re-opens for fully vaccinated international travellers

The new arrangements will also make it easier for citizens and residents of Qatar to travel in and out of...

Abu Dhabi unveils new entry rules, reintroduces night curbs

Abu Dhabi has set out new entry rules that will come into effect from Monday. The emirate also plans to...

Saudi Arabia to remain stable as oil prices boost economy: Fitch

Thanks to a boost it received from higher oil prices, Fitch has revised its outlook for Saudi Arabia from negative...

Lebanese economy in a fix as PM-designate Hariri steps down

Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting...

High cost of food, fuel lifts inflation in Saudi Arabia to 6.2%

Accelerated mostly by the cost of food and fuel, inflation in Saudi Arabia has surged to 6.2 percent in June,...

OPEC+ deliberations still on but not supply deal yet: UAE

With the bloc pumping less than needed, prices are set to be volatile, says IEA Oil demand is expected to...

Saudi, UAE reach deal over oil output quotas

Major OPEC producers Saudi Arabia and the United Arab Emirates have reached a compromise in a standoff over crude output...

UN force in Lebanon calls for probe into Irish peacekeeper’s death

The United Nations' peacekeeping force in south Lebanon urged Beirut to ensure a "speedy" investigation into an Irish soldier's shooting...

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Arab economies to grow by 2.9% in 2021, 3.6% in 2022: Report

Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...

‘Potential hijack’ of ship off UAE coast: UK maritime security agency

The MarineTraffic website, which categorises the vessel as an asphalt and bitumen tanker, said it was travelling to Sohar, a...

Israel can ‘act alone’ against Iran after ship attack: Bennet

Bennett said Israel had shared intelligence with the United States, Britain and others also tying Iran to the attack.

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IMF officially approves increased lending capacity

The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23

Abu Dhabi cuts procedures to start business by 71 percent

Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...

UAE children aged 3-17 to receive Chinese Sinopharm vaccine

The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children...