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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.
  • Saudi Arabia denounces attack that killed two Bahrain soldiers

    Riyadh, Saudi Arabia--Saudi Arabia on Tuesday condemned an attack on its territory that killed two Bahraini military personnel near the border...

    According to Bahrain's military, one officer and a soldier were killed in a drone attack carried out by Yemen's Houthi rebels

    A Houthi delegation completed five days of talks in Riyadh last week, the first such public visit since hostillities broke out

  • UAE and India look to boost ‘comprehensive strategic partnership’

    New York, US-- The UAE Foreign Minister Sheikh Abdullah bin Zayed has held talks with Subrahmanyam Jaishankar, External Affairs Minister...

    The two ministers reviewed the issue of climate change and bilateral cooperation in this regard, and also discussed the UAE's hosting of COP28 this year

    The UAE's foreign minister emphasized that the two countries are keen to support multilateral international action to find effective solutions to all global challenges

  • Bahrain says 2 soldiers dead in attack near Saudi-Yemen border

    The victims "were martyred while performing their sacred national duty to defend the southern borders of the sister Kingdom of...

    The statement from Bahrain's military said the "terrorist act" was perpetrated by Houthi "attack drones" in an undisclosed location in southern Saudi Arabia

    Houthis' TV channel reported separately on Monday that "four citizens" were injured in Saudi attacks on Yemeni territory near the border on Monday

  • Hundreds of Sikh Canadians protest against India

    Nearly a week after Canadian Prime Minister Justin Trudeau accused India of being responsible for the killing of a Sikh...

    Slamming the Modi government for the alleged killing, several hundred protestors gathered in Toronto, Ottawa and Vancouver

    There are nearly 770, 000 Canadians professing Sikhism and the country is home to the largest Sikh community in the world outside of India

  • Israel joining US Visa Waiver Program: minister

    Tel Aviv, Israel - The United States will declare its participation in the Visa Waiver Program (VWP) this week,  Israel's...

    To be admitted to the VWP, countries must commit to treating all US travelers equally, irrespective of other passports they may possess

    For Israel, this would mean allowing Palestinian Americans to travel freely at its airports and within the occupied Palestinian territories

  • Saudi Arabia launches new TV channel to highlight ‘rapid progress’

    Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...

    The channel will showcase the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements, which are reflected in the diverse events

    The airing of the channel comes at a time when the kingdom is witnessing a significant increase in the number of events, exhibitions, and conferences

  • Growing IT outlays intensify MENA’s transformation

    The region's IT spending is set to rise by 4% to $183.8 billion in 2024, with software and IT services...

    The region's IT spending is projected to rise by 4% to $183.8 billion in 2024, with software and IT services witnessing double-digit growth

    This surge aligns with the MENA region's push for digital transformation, enhanced cybersecurity, and a focus on generative AI initiatives

  • Central Bank of Bahrain treasury bills oversubscribed by 149 percent

    MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent.The...

    The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

    The issue date of these bills is September 27 2023 and the maturity date is December 27 2023.

  • Libya orders arrest of 8 officials in flood disaster probe: Prosecutor

    The officials are suspected of "bad management" and negligence, among other offences, a statement from the prosecutor general's office said,...

    Derna's mayor Abdulmonem al-Ghaithi, sacked after the flood, is among the detainees. Almost 3,900 people died in the disaster.

    After opening a probe, Libya's prosecutor general Al-Seddik al-Sur said more than a week ago that the two dams upstream from Derna had been cracked since 1998.

  • Egypt to elect President in three-day election from Dec 10

    President Abdel Fattah al-Sisi, a former army chief, has ruled for nearly a decade in the Arab world's most populous...

    Presidential hopefuls can apply from October, and the list of candidates is to be finalized by November 9, said the Egypt's National Election Authority

    The vote comes at a time Egypt's currency has lost half its value since March 2022 and inflation reached an all-time high of 39.7 percent in August