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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Antique stoves make a comeback in Gaza as the only way to cook during war

With a squeeze of pliers, a new wick, and a refill of homemade fuel, a flash of fire miraculously begins...
  • Hundreds of thousands of civilians have fled northern Gaza due to relentless bombardment and a ground invasion by Israel, leaving their belongings behind.
  • The civilians hoped to be safer in the south, but the Israeli military has progressively extended its strikes across the tiny coastal territory in its war aiming to destroy Hamas

Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war

OTTAWA, CANADA  — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
  • The quietly planned meeting focused on ways countries could help efforts to secure peace for Palestinians and Israelis.
  • The group is not a joint peace project with Israel, and says its leaders aim to speak on behalf of Arab and Muslim people people.

Joint ministerial committee meets US secretary of state

Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...
  • A ministerial committee led by Saudi foreign minister holds discussions with US Secretary of State.
  • The committee asked the US to influence Israel and called for an immediate ceasefire in Gaza.

Iran says reviving nuclear deal ‘useless’

Tehran, Iran - Iran said on Saturday that attempting to revive its landmark nuclear deal with world powers that was effectively...
  • "Today, the more we advance, the more the JCPOA becomes useless," Foreign Minister Hossein Amir-Abdollahian said in a speech.
  • Iran says its nuclear program is entirely peaceful, but since 2021 the UN body has struggled to monitor the development of its capabilities.

EU clinches ‘historic’ deal on AI law after long negotiations

The EU's internal market commissioner, Thierry Breton. called the deal as historic, regulating artificial intelligence models such as ChatGPT. Negotiators...
  • The commissioner said the AI Act is much more than a rulebook , calling it a launchpad for EU startups
  • The EU law will still need to be formally approved by member states and the parliament

Nasdaq faces $4m penalty for alleged Iran sanctions violations

New York, United States - Nasdaq Inc., headquartered in New York, has agreed to pay a $4 million settlement to...
  • The violations stemmed from services provided by Nasdaq OMX Armenia to Iran and Iran's state-owned Bank Mellat
  • Office of Foreign Assets Control noted that the settlement amount reflects their assessment that Nasdaq's actions were non-egregious

Dubai Municipality, DEWA ink pact to generate electricity from landfill biogas

DUBAI, UAE -  Dubai Municipality and Dubai Electricity and Water Authority (DEWA) have signed an agreement on the sides of...
  • The signing supports Dubai’s leading sustainability practices and the realition of the UAE Net Zero Strategy 2050.
  • Dubai Municipality is building align with its aspiration to build a more sustainable, pioneering and liveable city.

Saudi Arabia expects budget deficits in 2023 and 2024 as spending rises

The announcement comes one year after the Gulf kingdom, the world's biggest crude exporter and the Middle East's largest economy,...
  • The deficit for 2023 is expected to amount to 82 billion Saudi riyals (roughly $21.8 billion), while in 2024 it is expected to total 79 billion Saudi riyals (roughly $21 billion)
  • The projections broadly align with a pre-budget statement issued in October that indicated deficits would last through 2026.

EU agrees to forbid destruction of unsold clothes

Brussels, Belgium - The European Parliament and EU member states announced on Tuesday new rules to crack down on fast fashion...
  • The new rules, first proposed by the EU last year, impose tougher rules on products to ensure they last longer and are easier to repair and recycle
  • The commission, the EU's executive arm, will also have the power to extend the ban to other unsold products beyond clothing and footwear

MSF demands immediate, sustained truce in Gaza as toll rises to 15,899

Doctors Without Borders (Médecins Sans Frontières, MSF) has urgently called for a ceasefire in Gaza amid escalating violence and rising...
  • MSF UAE's Executive Director, Dr. Khalid El Sheikh, highlights severe violence in Gaza.
  • Israeli military operations in Gaza criticized for impacting civilians and medical facilities.

Improving healthcare in the intelligent age requires cultural change and collaboration

Leaders can utilize AI tools to streamline this challenging process by efficiently identifying individuals who are qualified matches to participate...

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Researchers decode oldest human DNA

The genetic sequences were from a man and a woman whose remains were found at a rock shelter near the...

Global tourism nears full recovery, led by Middle East’s 26% growth in 2024

While Europe and Americas have nearly returned to pre-pandemic levels, the Middle East's growth outpaces all other regions, UN World...

Elon Musk’s Starlink internet launches in war-scarred Yemen

Dubai, United Arab Emirates -- Tech billionaire Elon Musk's satellite internet service Starlink has launched in Yemen, provoking the anger of...

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Middle East renewable energy projects investments reach $75bn

London, UK -- The Middle East is moving towards investing $75.63 billion in renewable energy projects until 2030, according to...
  • These investments include 116 renewable energy projects, which are expected to be operational between 2025 and 2030.
  • Large solar projects, such as the fifth phase of the Rashid bin Mohammed Al Maktoum Solar Park, are making significant progress.

Europe’s Electric Vehicle troubles bubble up at Brussels Audi factory

Brussels, Belgium -- Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive,...
  • The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition.
  • With 3,000 jobs on the line, the Brussels workers have launched a prolonged strike, with a large demonstration planned in the capital on Monday and walkouts elsewhere in solidarity

TAQA launches new corporate identity

Abu Dhabi Energy Services will be renamed as TAQA Services.
  • TAQA also announced that ADDC and Al Ain Distribution Company will merge under a new unified company.
  • The Abu Dhabi Transmission and Despatch Company (TRANSCO) will be renamed TAQA Transmission Networks,