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.
  • Masdar City to construct region’s first net-zero energy mosque

    Abu Dhabi, UAE - Masdar City, an Abu Dhabi, UAE-based sustainability and innovation hub dedicated to making all cities a...

    The mosque’s total energy requirements were reduced by 35 percent compared to international baselines using passive design

    Low-flow water fixtures, drought-resistant landscaping, and the use of recycled water for irrigation will reduce water use by 55 percent

  • Saudi, Turkish firms ink 8 deals to boost Riyadh-Ankara business

    Istanbul, Turkey - Saudi and Turkish companies, part of the Saudi-Turkish Business Council, signed eight trade agreements to strengthen trade...

    The firms discussed investment opportunities in the two countries, especially those envisaged in the Saudi Vision 2030 and Turkish economy.

    The volume of trade between Saudi Arabia and Türkiye reached SAR22 billion ($5,864,813,240) in 2022, recording a growth rate of 32.6 percent.

  • We respect climate science, says COP28 head

    DUBAI, UAE - The Emirati president of the UN's COP28 talks said on Monday he respects climate science, after a leaked...

    Sultan Al Jaber also repeated his past statements that a phase out of fossil fuels was "inevitable".

    He acknowledged that global greenhouse gas emissions must be cut by 43 percent by 2030.

  • Saudi energy minister calls Western climate pledges ‘small change’

    "Unlike the small change offered for loss and damage from our partners in developed countries, the Kingdom through its South-South...

    The loss and damage fund for vulnerable nations, a major win at COP28, has attracted about $655m so far, a sum criticized as insufficient by campaigners.

    The prince's remarks were the latest sign of sharp differences around tackling the climate crisis as negotiators from around the world attempt to hammer out an agreement in Dubai.

  • Rights organizations sue Netherlands over F-35 parts to Israel

    The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including...

    A rights group said the export "made the Netherlands complicit in violations of the laws of war and the collective punishment of Gazans

    "By supplying weapons parts, the Netherlands runs the risk of becoming complicit in violations of international humanitarian law," said Dagmar Oudshoorn, director Amnesty

  • Saudi Arabia, Turkiye strengthen collaboration in agriculture, water management

    RIYADH, SAUDI ARABIA – The Kingdom's Minister of Environment, Water and Agriculture Eng. Abdurrahman bin Abdul Mohsen Al-Fadhli signed a...

    Saudi Arabia and Turkiye expressed their commitment to prepare the agricultural sector in both the countries for climate change.

    The MoU aims to strengthen cooperation and enhance production capabilities in the domains of agriculture, livestock and water management.

  • ENEC, Kazatomprom ink pact

    The move will ensure a secure supply of nuclear fuel.

    ENEC's global partnerships will support the continued rapid decarbonisation of the country's heavy and energy-intensive industries.

    This will create further clean energy sources while using the latest technologies and helping to deliver Net Zero by 2050.

  • Israel launches offensive in southern Gaza amid mounting civilian deaths

    Armored personnel carriers and bulldozers were also seen as Israel expanded its operations against Hamas in response to the Palestinian...

    "Despite what has been assured, attacks in the south of Gaza are every bit as vicious as what the north endured," said UNICEF spokesman James Elder.

    Israel's ally US intensifies calls for the protection of Gaza's civilians, with Vice President Kamala Harris saying that "too many innocent Palestinians have been killed".

  • UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

    Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...

    ENEC and TerraPower will collaborate across various areas, including technical design and commercial viability of the TerraPower Natrium technology development

    The MoU will look to jointly accelerate the commercialisation and global deployment of Natrium technology under licensing agreements with TerraPower

  • White House says Israel ‘making effort’ to protect Gaza civilians

    According to Hamas, more than 15,500 people have been killed in Gaza since the beginning of the war, but Kirby...

    John Kirby insisted that US intelligence was unaware of any secret, advance Hamas blueprint for its October 7 attack on Israel that triggered the conflict

    The New York Times reported last week that Israeli authorities had obtained such a document a year before the attack occurred