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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.

Pyypl, Ripple launch on-demand liquidity service in Middle East

ODL uses XRP for instant, low-cost cross-border payments.
  • ODL is the process of buying and selling XRP in originating and destination countries
  • XRP is the native cryptocurrency of products developed by Ripple’s creator Ripple Labs

Iraq to cut out carbon emissions in full by 2025

In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025.
  • He said that Iraq will stop burning associated gas permanently in 2025
  • "At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions”

Greenhouse gas levels reach new record high: UN

The UN's blunt report comes as British Prime Minister Boris Johnson, the COP26 host, said he was "very worried" that...
  • The World Meteorological Organization said that continued rising greenhouse gas emissions would result in more extreme weather.
  • Concentrations of all three major greenhouses gases --CO2, methane and nitrous oxide--have risen alarmingly.

China aims to cut fossil energy use to below 20% by 2060

China is targeting an ambitious clean energy goal of reducing fossil fuel use to under 20 percent by 2060, according...
  • The document follows a pledge by President Xi Jinping to wean the world's biggest polluter off coal
  • But the country has been criticized for pushing ahead with opening dozens of new coal power plants

Aramco sets 2050 net-zero target

The company acknowledged that this would have its challenges.
  • Saudi Aramco chief Amin Nasser has said the company will achieve net-zero emissions by 2050
  • He was speaking at the Saudi Green Initiative forum, where Saudi Arabia pledged to become net-zero by 2060

Saudi Arabia eyes zero carbon emissions by 2060

At the Saudi Green Initiative forum, the Gulf country has also vowed to join a global effort to reduce methane...
  • Saudi Arabia has announced plans to reduce carbon emissions by 278 million tons annually by 2030
  • The country is also taking the Global Methane Pledge to reduce methane emission

New leaks rock Facebook

Internal documents seem to support the accusations.
  • Facebook held back from doing all it could to stop users from being radicalized, say recent leaks
  • It is also accused of not doing enough to stop US election misinformation from flooding the social network

Egypt looks to raise renewable energies share to 42% by 2035

Egypt is looking to increase the share of renewable energies to over 42 percent by 2035, after the country reached...
  • Mohamed Shaker, the minister of electricity and renewable energy, noted that Egypt has allocated 7,650 square kilometers of unused lands to new and renewable energy projects
  • He said that Egypt is the largest holder of electrical capacities in the MENA region and has the capacity to produce up to 90 gigawatts of wind and solar capacity

US climate envoy to take part in Middle East Green Summit

John Kerry, the US climate envoy, will be in Saudi Arabia on Sunday to participate in the Middle East Green...
  • Kerry will “engage with government counterparts and private sector leaders on efforts to address the climate crisis”
  • Saudi Arabia will host the inaugural Saudi Green Initiative Forum and Middle East Green Initiative Summit in Riyadh on Oct. 23-25

Animal kidney works in human patient in ‘potential miracle’

The donor animal belonged to a herd that had undergone a genetic editing procedure to knock out a gene that...
  • Critically, the organ was able to reduce the level of the molecule creatinine, a key indicator of kidney health
  • Montgomery carried out the surgery with several colleagues over the course of around two hours.

‘Game changer’: Gene therapy offers hope for children born deaf

Paris, France - A gene therapy that has allowed several children born deaf to hear for the first time is being...

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Natural capital, conservation should be priority for private sector in region

DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how...

NASA sends two small satellites into orbit to track hurricanes

A second Rocket Lab-built vessel is due to launch in about two weeks carrying two more satellites to complete a...

UAE astronaut, others relocate SpaceX Dragon on ISS

The relocation of the spacecraft was supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston, SpaceX...

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UAE astronaut AlNeyadi to join docking port relocation mission

This will be the third port relocation of a Dragon crew spacecraft, following previous relocations during the Crew-1 and Crew-2...
  • AlNeyadi will take part in the mission along with NASA astronauts Stephen Bowen and Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev.
  • The relocation is supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston and SpaceX in Hawthorne, California.

Sharjah okays Genetic Coding Program to classify emirate’s biodiversity

Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah,...
  • The project aims to create a unified database of genetic coding for the types of living organisms, harness labs to determine the identity of living organisms at the DNA level.
  • Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC approved the program.

MoHAP inks deal with Coursera to upgrade skills of employees

The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...
  • Under the agreement, MoHAP’s teams will gain the requisite skills to expedite innovation and digital transformation within the Ministry.
  • The agreement sets a training plan that prioritizes the development of employees' capabilities in leadership, technical and behavioral skills.