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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.

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.
  • US targets Houthi and Iranian drones in fresh strikes

    CENTCOM earlier announced that the USS Carney had shot down an anti-ship ballistic missile fired by the Houthis, and then...

    A US warship also shot down an anti-ship missile fired by the Houthis

    American forces also destroyed a Houthi surface-to-air missile on Wednesday

  • Efforts to pause Israel-Palestine war gain pace amid fierce fighting

    Palestinian Territories - International efforts towards a new pause in the devastating Gaza war gathered pace Wednesday, as Israel bombarded...

    Hamas was reviewing a proposal for a six-week truce in its war with Israel, a source told AFP, after mediators gathered in Paris

    While talks take place, the population of Gaza is starving to death due to constraints imposed on humanitarian aid

  • Houthi rebels target commercial vessel with a missile

    Maritime security firm Ambrey said that a merchant ship had been targeted with a missile in southwest of Aden, Yemen....

    The rebels have carried out some 30 attacks on commercial shipping and naval vessels

    US forces on Wednesday destroyed a missile belonging to the Houthi rebels

  • UN says Israel-Hamas war leaves Gaza ‘uninhabitable’

    Since the relentless Israeli aerial and ground assault, triggered by Hamas's deadly October 7 attacks inside Israel, the United Nations...

    UNCTAD said Gaza was in a dire state before the war erupted, with a 17-year blockade and repeated military operations leaving around 80% of the population dependent on aid.

    It would take seven decades for the territory to return to just its 2022 GDP level even the reconstruction was started immediately.

  • Norway warns of consequences over UNRWA funding cut

    "We urge fellow donor countries to reflect on the wider consequences of cutting their funding to UNRWA," Norwegian Foreign Minister...

    Thirteen countries, including major donors such as the United States, Germany, Britain and Sweden, have suspended funding to the UN agency

    The funding is suspended over accusations that 12 on its staff members were involved in the October 7 attack by Hamas members against Israel

  • UN court rejects most of Ukraine’s ‘terror’ case against Russia

    Kyiv had accused Moscow of being a "terrorist state" whose support for pro-Russian separatists in eastern Ukraine was a harbinger...

    But ICJ tossed out most of Ukraine's claims, ruling only that Russia was "failing to take measures to investigate facts... regarding persons who allegedly committed an offence".

    This case predates Russia's 2022 invasion of Ukraine. The ICJ will decide on Friday whether it has jurisdiction to rule in a separate case over that war.

  • IMF says Red Sea shipping down one-third due to Houthi attacks

    "Container shipping... has declined by almost 30 percent," said Jihad Azour, director of the IMF's Middle East and Central Asia...

    The Iran-backed Houthis have launched more than 30 attacks on commercial shipping and naval vessels since November 19, the Pentagon said on Tuesday

    Houthi attacks have prompted some shipping companies to detour around southern Africa to avoid the Red Sea, a route that carries about 12 percent of global trade

  • Yemen’s Houthis fire missiles at US warship: rebel statement

    The Houthis, part of the anti-Western, anti-Israel "axis of resistance" of Iranian-backed groups, have been harassing Red Sea shipping for...

    "Iranian-backed Houthi fighters fired one anti-ship cruise missile from Houthi-controlled areas of Yemen toward the Red Sea," a Centcom statement said

    The Houthis have launched more than 30 attacks on commercial shipping and naval vessels since November 19, the Pentagon said on Tuesday

  • Palestinian aid agency can’t be replaced, UN says

    Several countries, including the United States, Britain, Germany and Japan, have suspended funding to the UNRWA agency, and the UN...

    UNRWA said it has acted promptly over allegations by Israel

    Israel accused UN Palestinian refugee agency of "hiring terrorists on a massive scale"

  • Pakistan ex-PM Imran Khan and wife get 14 years jail in graft case

    Since being ousted in 2022, Khan has been buried by court cases he claims have been triggered to prevent his...

    Khan and his wife were found guilty of graft in a case involving gifts he received while premier, after he was Tuesday handed 10 years in a case related to leaking state secrets

    Pakistan goes to the polls next Thursday in a ballot already marred by allegations of rigging, with Khan barred from running and his party subject to a massive crackdown