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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.

Solar switch may put off electricity crisis in Lebanon

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
  • Between $1.5bn and $2bn is lost in Lebanon's energy industry every year as state treasury pays over $50bn in advances to Electricité du Liban
  • The country’s electrical network sees 3500 megawatts demand while only 2,000 megawatts is produced, says energy expert Ahmed Daher

Marka: From a star UAE retailer to a bankrupt firm

Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding...
  • The recent Dubai court decision highlights that the funds of shareholders and creditors should be judiciously used. Else, the law of the land will catch you
  • In October 2021, the UAE retail and leisure company Marka was declared bankrupt by a local court, and all of its assets were brought into liquidation

REVEALED: Billions of dollars missing from BDL

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...
  • Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
  • The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds

Iran intensifies cyber espionage in Middle East

Cyberattacks by Iranian spies have become more sophisticated and have intensified against Arab countries, say industry experts.
  • Iranian espionage targeted aerospace and telecommunications companies in the Middle East, the US, Russia, and Europe
  • Cybereason identified 10 companies impacted during their three-month investigation

UAE prosecutors launch probe into Union Properties

The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the...
  • The prosecutors will also investigate accusations that the firm hid the name of the beneficiary of the sale
  • The firm, Union Properties, known for building Dubai Motor City, has not reacted to the start of the investigation

10 worst passports in the Middle East

Which passports are among the worst in the Arab World? Know the details in this Explainer video created by TRENDS.
  • Iraq, Syria, Yemen, Palestine and Libya figure in the list. But which one is at the bottom?
  • Sudan, Lebanon, Jordan and Egypt are also listed, the latest Henley Passport Index highlights.

Have Pandora papers jeopardized Lebanon aid?

The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to...
  • Offshore companies are legal and were established to reduce the tax burden on some companies that require foreign branches.
  • Lebanon was first in terms of registering individual companies in tax havens, with nearly 3 million papers leaked.

Dubai Police carries out region’s largest drug bust

The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street...
  • The police operation, codenamed Scorpion, led to the seizure of 500 kg cocaine
  • The cops said this was the region's largest drug seizure, and also resulted in an arrest

UAE to punish extortion demands on web with prison sentence of up to two years

Anyone guilty of making a threat to another person on the web will get a prison sentence of up to...
  • "The penalty shall be imprisonment for a duration of not more than ten years if the threat is a threat to commit a crime
  • The Public Prosecution, through a tweet published today on its social media account, clarified the penalty for the crime of electronic extortion

Money laundering rose during Covid-19 pandemic, says UAE Central Bank

The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of...
  • Report also cites fraud, bribery, corruption, charity and disaster fraud as risks to financial institution
  • The report also identified the methods of mitigation, identification and resolution implemented by selected financial institutions to address such risks

Over a billion pounds of Coke plastic waste to enter waterways: study

Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...

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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...

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...

Argentina seizes 1.6 tons of cocaine headed for Dubai

Argentine authorities seized 1.6 tons of cocaine hidden in animal feed destined for Dubai and detained 12 people, police said...

Clean beauty sector grows, so are greenwashing risks

In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...

Most Read

2016 EgyptAir disaster started by cigarette in cockpit: report

An EgyptAir crash in 2016 that killed 66 people in the Mediterranean was likely caused by a fire that started...
  • There was a leak from the co-pilot's oxygen mask and the combustion of a cigarette smoked by the pilot or co-pilot
  • EgyptAir flight MS804 suddenly disappeared from radar screens on May 19, 2016 on its way to Cairo from Paris, killing everyone on board

Solar switch may put off electricity crisis in Lebanon

Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
  • Between $1.5bn and $2bn is lost in Lebanon's energy industry every year as state treasury pays over $50bn in advances to Electricité du Liban
  • The country’s electrical network sees 3500 megawatts demand while only 2,000 megawatts is produced, says energy expert Ahmed Daher

Marka: From a star UAE retailer to a bankrupt firm

Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding...
  • The recent Dubai court decision highlights that the funds of shareholders and creditors should be judiciously used. Else, the law of the land will catch you
  • In October 2021, the UAE retail and leisure company Marka was declared bankrupt by a local court, and all of its assets were brought into liquidation