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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.
  • Morocco to reopen embassy in Syria after Assad fall

    Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...

    The decision was announced in a letter from King Mohammed VI to Syria's interim President Ahmed al-Sharaa

    The letter said Morocco backed the Syrian people "in their quest for freedom, security, and stability."

  • A day after first direct talks between officials, Kremlin says Putin-Zelensky meeting possible only after pact

    The Kremlin said Saturday a meeting between Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky would be possible only after both...

    US President Donald Trump, who has been pressing Russia to agree a 30-day unconditional ceasefire, said later in the day that he would speak by phone with Putin on Monday.

    On Friday, the first direct talks since the spring of 2022 between Ukraine and Russia in Istanbul resulted in a concrete agreement to exchange 1,000 prisoners each

  • Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

    Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...

    In a joint final statement, Arab League members also called for funding to back their Gaza reconstruction plan

    It came hours after Israel's military launched a new Gaza offensive, saying it was part of "the expansion of the battle in the Gaza Strip."

  • Moody’s downgrades US credit rating on rise in govt debt

    Moody's on Friday downgraded the United States's credit rating from the top triple-A level, citing rising levels of government debt...

    The downgrade to Aa1 from Aaa adds to the bad news for the US president, coming on the same day his flagship spending bill failed to pass a key vote in Congress

    Moody's decision to downgrade the United States from its top credit rating reflects a recent surge in US borrowing costs, which was further fueled by the Covid-19 pandemic

  • Trump reshapes US Mideast policy. Can deals work instead?

    The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...

    Trump vowed during his swing through Saudi Arabia, Qatar and the United Arab Emirates that there would be no more "lectures on how to live."

    In an extraordinary rupture with his predecessors, Trump then lambasted what he called the "neo-cons" that oversaw bloody US military interventions in the region

  • Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

    The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...

    The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory

    United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

  • Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

    The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...

    The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas

    Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023

  • No Israel stop for Trump on Mideast tour shows shifting ties

    Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...

    The United States in early May sealed a ceasefire with Yemen's Houthi rebels that has left Israel out of the picture.

    The deal was announced just hours after a missile fired by the rebels landed within the perimeter of Tel Aviv's international airport, leading to the cancellation of flights.

  • World Bank announces plans to restart Syria operations

    Washington, United States -- The World Bank on Friday said it would restart operation in Syria following a 14-year pause,...

    The Bank's operation in Syria were halted when the civil war broke out in 2011, preventing the country from gaining access to its development loans, grants, and technical expertise

    Earlier this week, Saudi Arabia and Qatar paid off Syria's outstanding debts of around $15.5 million to the Washington-based institution.

  • Gaza strikes kill 120 as Hamas says aid entry ‘minimum requirement’ for talks

    Aid to Gaza has been cut off since March 2, a tactic Israel has said is intended to force concessions...

    Hamas warned that Gaza was not "for sale" hours after Donald Trump, on a visit to the region, again floated taking over the territory and turning it into "a freedom zone.'

    Israel's aid blockade preceded a resumption of military operations on March 18, ending a ceasefire that had largely halted hostilities since mid-January