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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.

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...

Economy in focus as Assad retains Syria’s presidency for fourth term

President Bashar al-Assad vows to focus on economy after taking the oath of office for a fourth term in Syria...

UN force in Lebanon calls for probe into Irish peacekeeper’s death

The United Nations' peacekeeping force in south Lebanon urged Beirut to ensure a "speedy" investigation into an Irish soldier's shooting...

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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...

Arab economies to grow by 2.9% in 2021, 3.6% in 2022: Report

Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...

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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...

IMF officially approves increased lending capacity

The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23