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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.

Iran vows to respond if Iraq fails to disarm Kurdish rebels

Tehran, Iran - Iran on Monday warned Iraq that it would take action if Baghdad does not honor its commitment by...

Turkey battles forest fires for fourth day

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

Man faces 20 years in prison in US for illegally exporting laboratory equipment to Iran

Reza Sarhangpour Kafrani, aka Reza Sarhang, co-owned the Canada-based company Prolife Global, which conducted business in the US and elsewhere.

CEOs of listed Saudi firms resign in unusual numbers

At least 26 CEOs have resigned from the listed companies of Saudi Arabia in just last six months as the...

WHO urges action to suppress Covid before deadlier variants emerge

The highly-transmissible variant, first detected in India, has now surfaced in 132 territories and is partly to blame for an...

Muammar Gaddafi’s son suggests he may run for president in Libya

He spoke in a rare interview, given to the New York Times at an opulent two-storey villa inside a gated...

Dubai to lower, waive off fees on govt services to boost growth

In order to give a fillip to economic activity in Dubai, its government will lower and in some cases completely...

Foreign investors help DFM post $10.56m net profit in H1

The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to...

Saudi Arabia to reopen to vaccinated tourists from Aug 1

The move comes after a 17-month closure due to the coronavirus pandemic. However, Riyadh did not announce any lifting of...

Etisalat reports $1.2 billion net profit in H1 2021

Following the impressive performance, the UAE's leading telecommunications company said it will distribute interim dividends of 40 fils per share...

Saudi public-private alliance to launch $15b tech fund

In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in...

Iran vows to respond if Iraq fails to disarm Kurdish rebels

Tehran, Iran - Iran on Monday warned Iraq that it would take action if Baghdad does not honor its commitment by...

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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...

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.

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...

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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

Saudi gang gets 20 years in prison for laundering $4.5bn

A Saudi court sentenced twenty four Saudis and foreigners to up to 20 years in prison for laundering nearly $4.50...
  • Group of 24 Saudis and expats channelled illicit funds through factories, companies, institutions and medical clinics
  • The court said the group carried out their criminal operations within an organized framework, under the cover of commercial facilities