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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.
  • Yemeni rebels attack British ship in Bab el-Mandeb Strait: report

    Dubai, UAE - Rebels from the Yemeni Ansar Allah movement (the Houthi) have staged a drone attack on a British...

    The United Kingdom Maritime Trade Operations said earlier that it had received information about increased drone activity and, presumably, an explosion in Ban el-Mandeb

    Yemen’s Houthi movement said on Sunday targeted two Israeli ships with an armed drone and a naval missile, a spokesperson for the group’s military said

  • UAE president and UN chief discuss ‘collective action’ to address climate challenges

    Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...

    The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions

    They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

  • Is 2030 the finish line for the Gulf Railway Project?

    The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...

    The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.

    Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.

  • No science that oil phase-out will fix climate: COP28 chief

    Sultan Al Jaber -- who also heads state oil giant ADNOC -- made the comments during a testy exchange with...

    Jaber has repeated that phasing out hydrocarbons is inevitable, but that it cannot happen before viable alternatives are in place -- and that developed nations must lead the way.

    Specifying a "phase-out" or "phase-down" of fossil fuels is one of the main battles facing negotiators at COP28, where they will try to reach new a pact on fighting global warming.

  • ICC pledges to intensify war crime investigations in Israel and Gaza

    ICC Chief Prosecutor Karim Khan has vowed to ramp up efforts in investigating war crimes in the Israeli-Palestinian conflict, highlighting...

    ICC stresses the need for adherence to international humanitarian law despite conflict complexities.

    Both Hamas and Israel face the possibility of war crime charges, according to legal experts.

  • Pope deplores end to Gaza truce, urges new ceasefire

    "There is so much suffering in Gaza," the pontiff said in comments from his private residence, which were read by...

    In the comments, Francis said the end of the ceasefire meant "death, destruction, misery", stressing that the besieged Palestinian territory lacked even essential supplies.

    He said the situation in Israel and the occupied Palestinian territories was "serious". "Many hostages have been freed but so many others are still in Gaza," he said.

  • MENA region can create 10m jobs by 2050 via climate action, says ILO

    DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

    The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.

    The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

  • Freed Israeli hostages speak out for remaining captives’ release

    The hostages, most of whom were freed during a seven-day truce between Israel and Hamas, spoke in a video broadcast...

    The freed hostages urged the government to take all action necessary to secure the remaining captives' release

    Israeli army spokesman Daniel Hagari said Saturday that 137 Israelis and foreign nationals remained captive in the Gaza Strip

  • World Bank offers to host Lost and Damage Fund: Official

    Dubai, UAE -- "World Bank has offered to host the Lost and Damage Fund, so we'll work very closely with...

    Axel van Trotsenburg, Senior Managing Director, said, "“COP28 started with great announcements on the Loss and Damage Fund. I think it has been an extremely important decision."

    "We need to be global. We need all countries to participate in this global challenge," he noted, adding, "We need to make sure that we can keep the 1.5 degrees."

  • Israel and Hamas trade strikes as Palestinian toll mounts

    Smoke again clouded the sky over the north of the Palestinian territory, whose Hamas government said 240 people had been...

    According to the UN, an estimated 1.7m people in Gaza have been displaced by eight weeks of war

    Fadel Naim, chief doctor at Al-Ahli Arab hospital in Gaza, said his morgue had received 30 bodies on Saturday