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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.
  • 20 injured in clashes at Palestinian refugee camp in Lebanon

    An AFP correspondent in Sidon reported the sound of intermittent automatic weapon fire and rocket launchers emanating from within the...

    The fighting pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants

    Dozens of families with children fled on Thursday evening from the camp's northern end where the clashes were concentrated

  • GCC poised to help MENA in global trade integration

    With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way...

    With MENA accounting for just 7.4% of global trade in 2022, GCC's strategic initiatives and resources can pave the way for regional trade integration and global prominence

    Despite challenges like restrictive nontariff measures, red tape, and corruption, GCC-led comprehensive reforms and a global engagement strategy can make MENA a trade hub

  • Divisions, Xi’s absence cast shadow on G20 summit in India

    The G20 was conceived in the throes of the 2008 financial crisis as a way of managing the global economy....

    Indian Prime Minister Narendra Modi has painted the summit as his country's diplomatic coming of age -- evidence of New Delhi's clout and prestige on the global stage.

    But that notion was called into question by rival leader Xi, who pointedly decided to skip the meeting and send his number two, Premier Li Qiang instead.

  • Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official

    TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...

    The Iranian diplomat said that his country has an ambitious vision to diversify its economy away from crude oil revenues.

    He said that this includes expanding the transportation infrastructure in Iran to significantly increase its cargo transit revenues.

  • RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties

    RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...

    The collaboration focuses on initiating trade missions and investment forums to help Indian businesses understand what RAKEZ offers.

    The agreement promises customized business services for Indian companies that are tailored to their aspiration of expanding into the MENA region.

  • UK marks first anniversary of Queen Elizabeth II’s death

    In a short statement, the 74-year-old British head of state recalled the "great affection" for his mother, her life and...

    Commemorations will be low key on Friday, with the king - who is at his sprawling Scottish Highland estate of Balmoral - not expected at any official engagement

    Britain King Charles III and his wife Camilla will attend nearby Crathie Kirk, the late queen's place of worship, for private prayers and a moment of reflection

  • North Korea launches new ‘tactical nuclear attack submarine’

    North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the sub was part of a...

    Kim Jong Un inspected the submarine as it prepared for a test cruise, and entered it "to acquaint himself with its weapon system and underwater operation capability"

    The capacities of the new submarine "won't be revolutionary, but will increase the complexity of the nuclear threat posed by North Korea," said US-based analyst Ankit Panda

  • One pilot dead in helicopter crash off Dubai coast, another missing

    The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...

    The Bell 212 helicopter went down in Gulf at around 8:30 pm (1630 GMT) on Thursday after taking off from Dubai's Al Maktoum International Airport, the aviation authority said.

    The GCAA confirmed that one member of the crew was found dead, while search and rescue operations were continuing to find the other missing pilot.

  • UAE vows full backing for GCC economic integration by 2025

    Dubai, UAE - The United Arab Emirates (UAE) has reaffirmed its commitment to advancing the economic integration of the Gulf...

    The UAE Minister of Economy Abdulla bin Touq Al Marri, Minister Bin Touq called for developing the mechanisms of economic integration within the GCC

    The UAE urged finalization of the customs union, the establishment of a common GCC market, and the utilization of AI to bolster developmental endeavors

  • Fresh fighting rocks south Lebanon Palestinian camp

    The United Nations' agency for Palestinian refugees (UNRWA) had warned last week that armed militants were occupying its schools in...

    The fighting in the Ain al-Helweh camp once again pitted members of Palestinian president Mahmud Abbas's Fatah movement against Islamist militants

    Dozens of families with women and children were fleeing from the camp's northern end where the clashes were concentrated, the AFP correspondent said