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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%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

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...

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...

Dubai-based Swvl to go public through $1.5bn SPAC deal

The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led...

On-campus workers must be vaccinated, say Google, Facebook

Spikes in infections due to a Delta variant of the virus have ramped up concerns in the United States, where...

Emirates NBD’s first half profit rises 17% to Dh4.8 billion

Total income of the Dubai’s largest bank has jumped 9 percent over the preceding half year due to a marked...

Rich-poor gap widening due to unequal vaccine access: IMF

Advanced nations have vaccinated nearly 40 percent of the population, compared to barely 11 percent in emerging markets and a...

Palestinian killed by Israeli forces in West Bank: Palestinian authorities

Shadi Omar Lotfi Salim, 41, was shot dead near the flashpoint Palestinian village of Beita, the Palestinian health ministry said

Egypt’s economy to grow 5.2 percent in current fiscal: IMF

Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8%...

Automotive plastic sales to cross $9.5bn this year

Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according...

US condemns Houthi missile attack on Saudi Arabia

The US has issued a swift condemnation of the latest Houthi attack on Saudi Arabia with a ballistic missile and...

Tesla quarterly profits top $1 billion for first time

Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...

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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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...

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...

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...

Most Read

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

Five cities poised to become GCC tech hubs

As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as...
  • The UAE has become a technological leader in hosting the world's largest event, Expo 2020 Dubai.
  • In February 2021, 24 global firms had signed agreements to open regional offices in Riyadh.

Police rescues Egyptian boy from kidnappers

The Egyptian boy snatched from his mother by two masked men while buying grocery has been reunited with parents, after...
  • Video footage captured the terrifying moment two men snatched an eight-year-old boy from his mother’s side on an Egyptian street and bundled into a car
  • his desperate mother falling to the floor as she tried to stop her son’s captors from escaping