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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%.

G20 ministers endorse global deal to tax multinationals

A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries...

Fuelling troubles: Row puts Gulf powers on diverging paths

A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who...

Oil prices rise amid growing demand from India, China

Brent crude oil futures were up $1.43, 1.93%, at $75.55 Prices had dropped early in the week by the collapse...

Lebanon: Pharmacies go on strike over medicine shortages

The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s...

Dubai authorities probe Jebel Ali Port blast

Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...

Curbs, vaccination drive help GCC minimize COVID-19 impact

Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and...

Dubai’s consumer confidence surges to a ten-year high, signaling economic recovery

The second quarter of 2021 saw consumer optimism at its highest Consumer confidence rose to 151 points as against 125...

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...

Oil prices extend gains after OPEC+ talks fail, equities mixed

Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...

Disagreement between UAE, Saudi Arabia hobbles OPEC

The UAE on Sunday pushed back against a plan by the OPEC+ group to extend a pact to cut oil...

Israel PM says FBI won’t quiz troops over journalist’s death

Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...

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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...

Jordanian flight, with 133 passengers on board, ‘forced’ to make landing

The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...

Israel’s govt approves state budget after three-year impasse

A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...

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Saudi economy likely to grow nearly five percent this year

Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...

UAE among world’s fastest countries in deploying 5G

The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...

Turkey battles forest fires for fourth day

The wildfires broke out on Wednesday across southern provinces, injuring more than 300