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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%.

UAE, Saudi leaders meet after rift over oil policy

Two key leaders of Saudi Arabia and the United Arab Emirates met in Riyadh on Monday, emphasizing the ties between...

Israeli spyware taps 50,000 phone numbers worldwide

An Israeli firm accused of supplying spyware to governments has been linked to a list of tens of thousands of...

ADCB’s H1 net profit surges 76% to AED 2.524 billion

Abu Dhabi Commercial Bank has reported  a 76 per cent jump in first-half net profit to AED2.524 billion on the...

Private Israeli malware used to spy on journalists, activists, politicians

The use of the software, called Pegasus and developed by Israel's NSO group, was reported on by the Washington Post,...

Doha: Afghan gov’t, Taliban to meet again after inconclusive talks

Senior representatives of the Kabul government including head of the High Council for National Reconciliation Abdullah Abdullah flew in for...

Deadlock ends: Top oil producers agree on modest output boost

The OPEC+ meeting on Sunday agreed to raise output by 400,000 barrels per day (bpd) each month from August to...

McLaren raises US$757m, adds Saudi wealth fund as investor

The deal makes Saudi Arabia’s PIF a minority shareholder in the group Some of the money raised will be used...

UAE Central Bank unveils norms for retail payment services

The Central Bank of the United Arab Emirates (CBUAE) has unveiled the Retail Payment Services and Card Schemes Regulation.

PIF, Cosco buy stake in Red Sea Gateway Terminal for $280 million

The investment will help to transform RSGT into both a regional and global logistics hub in line with PIF’s mission...

Assad starts new term after re-election described ‘neither free nor fair’

The vote extending Assad's grip on power was the second since the start of a decade-long civil war that has...

Middle East children are at grave risk in cyberworld

Across the region, parents struggle to shield children from unsavory elements prowling the cyber world, as risks grow with the...

Company News

Latest News

GCC seeks to tap green hydrogen demand

The GCC countries see hydrogen as a key factor in fuel transition and have drawn up plans to export green...

Saudi customs seize drugs at port

Alert officials of Saudi customs prevented an attempt to bring in contraband drugs into the kingdom at Jeddah Islamic Port,...

Saudi British Bank posts $245m net profit in Q2, year after big losses

A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable...

Most Read

‘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.

UAE’s non-oil economy picks up in July, strongest in two years

Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...