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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.
  • Israel ‘systematically’ blocking aid to north Gaza hospitals: UN

    Andrea De Domenico, head of the UN aid agency OCHA's office in the occupied Palestinian territories, described how detailed coordination...

    Lucia Elmi, special representative for the UN children's agency UNICEF in the Palestinian territories, also lamented that "we can't get sufficient aid in".

    "Children in Gaza are running out of time, while most of the lifesaving humanitarian aid they desperately need remains stranded," said Elmi.

  • Oil prices rise after US, UK strike Houthi rebels

    Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...

    Wall Street had ended flat on Thursday, while the dollar was closing the week with gains against the euro.

    The Houthis have carried out a number of strikes on vessels in the Red Sea, a key international shipping route.

  • Turkey and Gulf nations condemn US, UK airstrikes on Yemen

    "First of all, they are not proportional. All of these constitute disproportionate use of force," Erdogan told journalists after Friday...

    Kuwait's Foreign Ministry expressed "great concern" about the strikes, echoing the view of Yemen's powerful neighbor Saudi Arabia

    Oman condemned American and British strikes on targets in rebel-held Yemen on Friday, warning of the risk of escalating conflict in the region

  • CBUAE cancels license of First Insurance Brokers Company

    ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...

    The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.

    The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.

  • China implores all sides to prevent Yemen conflict expanding

    Beijing, China--China called Friday for all sides to prevent the Yemen conflict from expanding, after strikes by the United States and...

    China's foreign ministry spokeswoman Mao Ning said Beijing is concerned about the escalation of tensions in the Red Sea

    She called on "the relevant parties" to keep calm and exercise restraint in order to prevent the conflict from expanding

  • US and UK target Houthi radar, missile capabilities

    US President Joe Biden termed the the US and British strikes a "defensive action" after the Red Sea attacks, and...

    Houthis said their forces will continue targeting Israel-linked ships in the Red Sea

    A Houthi spokesman said Western air strikes on Yemen killed five people and wounded six

  • Gaza devastated and ‘largely depopulated’ as war nears 100 days

    GAZA, PALESTINIAN TERRITORIES - Bombed-out neighborhoods, mass graves dug in the sand, spreading hunger and disease -- as the bloodiest...

    Many thousands of strikes have rained down on the long-blockaded and densely populated Mediterranean coastal strip

    Much of northern Gaza has been reduced to a dusty wasteland and largely depopulated as Israeli troops have launched ground invasion

  • McIlroy surges into two-shot lead at Dubai Invitational

    DUBAI, UAE -  Rory McIlroy kicked off his year with a sparkling nine-under-par 62 to take a two-stroke lead after the...

    The world number two is playing his first event since the DP World Tour Championship last November.

    McIlroy made headlines earlier this week when he claimed a "world tour" was his "dream scenario" for golf.

  • NEOM announces Aquellum as futuristic lifestyle community

    NEOM, SAUDI ARABIA - The Board of Directors of NEOM has announced Aquellum, a luxury and experiential space embedded within...

    Aquellum is hidden within a breathtaking 450-meter-high mountain range.

    The subterranean digitalized community creates vibrancy and interconnectivity.

  • Israel bombs Gaza as Blinken says no regional escalation

    As Blinken wrapped up a whistlestop tour of the region, the International Court of Justice (ICJ) heard arguments in a...

    In Cairo, Blinken met with Egyptian President Abdel Fattah al-Sisi, a key mediator in efforts to end the war sparked by Hamas's October 7 attacks on Israel.

    Blinken outlined a possible post-war future for Gaza on Wednesday after meeting Palestinian president Mahmud Abbas.