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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.

Aramco to partner with Aveva for sustainability

Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.
  • The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East
  • It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom

Boursa Kuwait launches ESG reporting guide

Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.
  • The guide will introduce the ESG universe to companies listed on the stock exchange
  • It will also highlight the benefits of ESG disclosure and best practices

UAE, Brazil discuss cooperation in space field

UAE’s Ambassador to Brazil, Saleh Ahmed Al Suwaidi, discussed the ties with Brazilian space agency AEB’s President Carlos Moura. He...
  • The two countries discussed various possible areas for cooperation in the space sector
  • Brazil also thanked the UAE for its inclusion of space-science topics in Expo 2020 Dubai

Success rocks: NASA’s US$2.75bn Perseverance ‘pays’

The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists...
  • The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists on Earth
  • Perseverance, NASA's latest Mars rover, had landed on the planet's Jezero crater in February

Global cost of dementia to cross $1.7trn by 2030

The disease, which robs people of their "memories, independence and dignity", is on the rise worldwide but few countries are...
  • Figure is set to rise to 78 million by 2030 and 139 million by 2050 as the population grows older
  • Yet only a quarter of countries worldwide have a national strategy for supporting people with dementia and their families

Depleting seagrass: Experts sound alarm

Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least...
  • Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least one million hectares of the Mediterranean seabed
  • Neptune grass meadows have long fallen prey to boating activity, with official figures estimating some 7,500 hectares in damage along the French coastline alone

Yemen receives first shipment of J&J Covid vaccine

Yemen is desperately short of Covid vaccines to inoculate its population, with as little as one percent of its population...
  • This shipment is the first batch of a total of 504,000 doses
  • Roughly one percent of the population is vaccinated

Abu Dhabi directs residents to take Covid booster shots

Residents of Abu Dhabi have been directed to take a booster shot of the Sinopharm Covid vaccine by September 20,...
  • The booster dose must be taken to enhance immunity and comply with approved health protocol
  • Those who don’t receive the third jab will lose their green status on the UAE’s Al-Hosn App

Water woes push GCC leaders to act

The Arab world may be awash in oil and other minerals, but it is lacking in that one commodity upon...
  • The GCC region is suffering from a water deficit of 20 billion cu m as of 2018 and it is likely to touch 50 billion cu m by 2030
  • This has made water more precious than the fossil fuels in the region and several companies are engaged in mineral water production

UAE begins Unit 2 of Barakah Nuclear Power Plant

The United Arab Emirates has unveiled Unit 2 of the Barakah Nuclear Energy plant, located in Abu Dhabi’s Al Dhafra...
  • Unit 2 will be connected to the national electricity grid in the coming months
  • When fully operational, the four units of the plant will produce 5.6 GW of electricity while preventing the release of more than 21 million tons of carbon emissions every year

Private US lunar lander mission imperiled by technical snag

Washington, United States -- An historic private mission to land on the Moon was facing potential failure Monday due to...

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Pacific solar eclipse dazzles stargazers

Parts of Australia, Indonesia and East Timor were plunged into daytime darkness, delighting curious onlookers. On Australia's northwest tip, the...

67mn children missed out on vaccines because of Covid: UNICEF

A grim UNICEF report warns of a potential outbreaks of polio and measles in children who didn't get vaccinated because...

Special glasses can slow down myopia in children

Developed by Japan's Hoya Corporation, the Miyosmart lenses, which also function as normal glasses to help the children see clearly,...

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New tech taps oceans to tackle global warming

Scientists from University of California Los Angeles are working on a project aimed at using the oceans as a big...
  • The oceans, covering most of the Earth, are already the planet's main carbon sinks, acting as a critical buffer in the climate crisis.
  • They absorb a quarter of all CO2 emissions, as well as 90 percent of the warming that has occurred in recent decades due to increasing greenhouse gases.

Saudi Crown Prince meets astronauts prior to their space trip

Jeddah, Saudi Arabia - Saudi Crown Prince Mohammed bin Salman bin Abdulaziz on Monday  met the Saudi astronauts: Rayana Bernawi,...
  • The Crown Prince noted that the Saudi people see Rayana Bernawi and Ali Al-Qarni as ambassadors of the kingdom at the ISS
  • He also underlined the importance of the space sector as a major pillar in enhancing the kingdom’s global competitiveness

UAE launches its second nanosatellite DEWA SAT-2

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...
  • The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations and maintenance of electricity and water networks.
  • The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Center, in collaboration with NanoAvionics in Lithuania.