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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

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.
  • Dubai’s weeklong real estate transactions exceed US$2.5bn

    DUBAI, UAE -  A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...

    The Dubai Land Department report showed that 248 plots were sold for US$476 million.

    The DLS report said 1,197 apartments and villas were purchased for US$865 million.

  • ‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die

    Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab...

    Emirati authorities announced they had opened an "investigation into the incident of abandoned cats" in the Abu Dhabi desert.

    All "administrative and legal measures" would be used against the perpetrators of this "inhumane" act, the authorities said.

  • Russia to discuss revoking Comprehensive Nuclear Test Ban Treaty

    Moscow, Russia - Russia will soon discuss revoking the ratification of the Comprehensive Nuclear Test Ban Treaty, the speaker of the...

    Russian official Vyacheslav Volodin made the announcement a day after President Vladimir Putin evoked the possibility of such a move.

    "This is in line with the national interests of our state. And it will be a mirror response to the United States which has not yet ratified the treaty," he said.

  • Drought caused major global hydropower drop in early 2023

    BANGKOK, THAILAND - Dry conditions, particularly in China, caused a "historic" global drop in hydropower in the first half of 2023,...

    Wind and solar generation grew more slowly in the first half of this year than in the same period last year.

    The chief of this year's COP climate meeting has called for a global tripling of renewable energy capacity by 2030.

  • Aramco’s Luberef resumes bitumen exports after 20 years

    RIYADH, SAUDI ARABIA - King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa onboard bulk...

    King Fahad Industrial Port has successfully shipped 5,500 tons of bitumen to South Africa making it the first cargo of oil byproduct from Yanbu-based hub.

    This reflects Mawani’s step to position the ports sector as a vehicle to fulfil Vision 2030’s ambition of transforming the Kingdom into a logistics hub.

  • Saudi Arabia to enhance air connectivity to over 250 destinations by 2030

    RIO DE JANEIRO, BRAZIL - A delegation led by President of the General Authority of Civil Aviation (GACA) Abdulaziz bin...

    The Kingdom plans on carrying 330 million passengers annually and raising freight capacity to 4.5 million tons by 2030.

    Saudi Arabia and the Dominican Republic also signed agreements on air transport services between the two countries.

  • Jailed Iranian activist Narges Mohammadi wins Nobel Peace Prize

    Mohammadi's award comes after a wave of protests that swept Iran after the death in custody a year ago of...

    She is the vice-president of the Defenders of Human Rights Centre founded by Iranian human rights lawyer Shirin Ebadi, herself a Nobel Peace Prize laureate in 2003.

    Mohammadi was honored "for her fight against the oppression of women in Iran and her fight to promote human rights and freedom for all".

  • EU foreign policy chief to visit China next week

    China while also maintaining ties with the world's second-largest economy. European Commission President Ursula von der Leyen has defined the...

    Borrell first pushed back the trip in April after testing positive for coronavirus and was then expected to go in July before China abruptly called off the visit

    He will meet Chinese Foreign Minister Wang Yi "to discuss bilateral relations as well as foreign policy and security issues", the EU official added

  • Israeli forces kill 3 Palestinian fighters in West Bank

    The Palestinian health ministry named the two men killed as Abdul Rahman Atta, 23, and Huthaifa Faris, 27, saying they...

    Israel's military said the deadly gunfight in the Tulkarem area had erupted after soldiers identified a "suspicious vehicle" near Shufa village

    Palestinian Red Crescent Society said Israeli forces "prevented our crews from treating them and took them away" from the scene at a Shufa checkpoint

  • US shoots down Turkish drone over Syria

    US troops observed drones carrying out strikes early Thursday, some of them inside a "restricted operating zone" (ROZ) near Hasakeh,...

    The shootdown came as Turkey targeted Kurdish forces in Syria following a suicide bombing in Ankara that was claimed by the Kurdistan Workers' Party

    Defense Secretary Lloyd Austin spoke with his Turkish counterpart Yasar Guler on Thursday, urging "de-escalation in northern Syria