Search Site

Trends banner

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.
  • Global trade likely to decline in 2023 due to changing trade patterns, geopolitics

    DUBAI, UAE - The outlook for 2024 remains “highly uncertain and generally pessimistic,” UNCTAD says in the Global Trade Update,...

    Other elements affecting trade include lower demand in developed countries, less trade in East Asia and an uptick in trade-restrictive measures.

    The elements also include an uptick in trade-restrictive measures and lengthening supply chains, particularly between China and the US.

  • Gaza destruction worse than in World War II Germany: EU’s Borrell

    Israel's military response to Hamas's October 7 attacks has resulted in "an incredible number of civilian casualties", Borrell said after...

    "The destruction of buildings in Gaza... is more or less or even greater than the destruction suffered by the German cities during the World War II," taken proportionally, he said.

    He said he had presented a discussion paper to the EU foreign ministers looking at "imposing sanctions against extremist settlers in West Bank".

  • Additional border crossing to examine Gaza aid, says Israel

    International aid organizations have struggled to get supplies to desperate Gazans under Israeli bombardment, with only the Rafah crossing in...

    Israel said on Monday that no new direct crossings will be opened

    The additional checkpoint will screen "trucks containing water, food, medical supplies"

  • Israeli forces kill 4 Palestinians in West Bank: ministry

    The ministry did not provide further details on the fatalities, while the Palestinian Red Crescent Society said they were killed...

    Israeli forces "continue to storm Jenin camp and ambulance crews are prevented from entering to deal with medical cases," the Red Crescent said

    There was no immediate comment on the killings from the Israeli military, which has occupied the West Bank since the 1967 Arab-Israeli War

  • Houthi missile hits Norway-flagged tanker off Yemen: CENTCOM

    US warships patrolling the Red Sea have shot down Houthi missiles and drones several times since the militants began the...

    The night-time attack occurred as the chemical tanker passed through the Bab-el-Mandeb, the strait between Yemen and northeast Africa

    The attack is the latest escalation from the Houthis in Yemen, who have increasingly targeted ships off the coast with missiles and drone attacks

  • UN assembly moves past Security Council to take lead on Gaza

    With calls for a ceasefire multiplying, "it is safe to assume that the majority will be greater" this time, Richard...

    The US, one of only five permanent members of the Security Council, used its veto on Friday to halt a draft text calling for a ceasefire, the latest sign of impasse

    UN Secretary-General Antonio Guterres has warned of a looming "complete breakdown of public order" in the besieged Gaza Strip

  • Netanyahu’s political survival at stake amid Gaza crisis

    Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid...

    Israeli PM confronts one of the most challenging periods of his tenure as it intensifies military actions in Gaza amid mounting casualties and a deepening humanitarian crisis.

    Critics are questioning Netanyahu's strategies and political maneuvers, both domestically and in the context of the Israeli-Palestinian conflict.

  • PM issues law forming Dubai Investment Fund to oversee government investments

    DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...

    The law endows the Fund with the financial and administrative independence to pursue its objectives along with the legal mandate to do so.

    Dubai Investment Fund will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally.

  • Arab meet calls for more investments in renewable energy

    Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...

    OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.

    He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.

  • Russia, Saudi say sovereign Palestine state vital for regional peace

    RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...

    The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.

    Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.