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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • From climate action to global aid: Inside UAE’s remarkable year

    Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...

    UAE launched ALTÉRRA, the world’s largest private investment climate action vehicle, aimed at raising and mobilizing an additional $250bn for climate action.

    Despite global headwinds, CBUAE projects 3.3 percent year-on-year growth projected for the UAE economy in 2024.

  • Sheikh Hamdan issues resolution regulating single-use products in Dubai

    DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...

    The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.

    The move also aims to encourage the private sector to promote the use of recycled products.

  • GCC in the crossfire amid growing US-China tech war

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

    The semiconductor battle, with Abu Dhabi-based G42 cutting its ties with Huawei, is a prime example of the region’s strategic maneuvering in this global power play.

  • 5 WEF reports shaping your 2024 agenda

    From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...

    Buffeted by a global energy crisis, inflationary pressures and geopolitical instability, the move to clean energy has faced a challenging time.

    This year's top 10 emerging technologies will likely become increasingly familiar in the years ahead as they help tackle some of our biggest challenges.

  • Welcoming 2024: A year of hope, healing, and unity

    "Hopefully, 2024 will be a year in which we overcome the troubled period that started with the coup attempt, grew...

    Every new year should be welcomed with joy, hope, and excitement, says Recep Tayyip Erdoğan, President of Türkiye.

    We are entering the year 2024 with heavy hearts due to the negative events in our region and the world, he adds.

  • Maersk halts ships’ transit via Red Sea strait for 48 hours

    COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea...

    The Maersk Hangzhou, a Singapore-flagged, Denmark-owned container vessel reported being struck by a missile while transiting the Bab al-Mandab Strait.

    It appeared to be undamaged in that attack and "was able to continue its transit north", said Maersk, one of the world's largest shipping companies.

  • Israeli strike kills former Palestinian minister, Gaza death toll 21,822

    Youssef Salama, the 68-year-old former minister of religious affairs in the Palestinian Authority, was killed in a strike on the...

    "We pulled (out) nine martyrs, who were members of a very peaceful family. Two adjacent houses were targeted," said the area's civil defense director, Rami al-Aidi.

    10 Houthi rebels were feared dead or missing after US Navy helicopters fired at them while attempting to board a cargo ship off Yemen.

  • Gaza war will last many months: Benjamin Netanyahu

    The prime minister of Israel told a news conference that the war will continue for many months "until Hamas is...

    He said that Israel was depriving Hamas of their capabilities in a gradual manner

    Hamas is still holding 129 hostages in Gaza, according to the Israeli military

  • North Korea to launch three more spy satellites next year

    "The task of launching three additional reconnaissance satellites in 2024 was declared" as one of the key policy decisions for...

    Pyongyang successfully put a military spy satellite into orbit last month and has since claimed it was providing images of major US and South Korean military sites

    Inter-Korean relations are in poor state as Seoul and Washington ramped up defense cooperation this year after record-breaking series of weapons tests by Pyongyang

  • Erdogan plays down row over Saudi-hosted Super cup

    Friday night's Turkish Super Cup between Galatasaray and Fenerbahce had been due to be played in Riyadh, Saudi Arabia. But...

    Turkish President Erdogan said turning sports into a political issue "is wrong"

    Both teams wanted to warm up in shirts featuring the image of Mustafa Kemal Ataturk