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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 and India sign agreement on digital economy

    Riyadh, Saudi Arabia - Saudi Arabia and India signed on Friday an agreement on digitization and electronic manufacturing.The agreement seeks...

    The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning

    It also aims at building robust strategic partnerships that promote innovation and the growth of the digital economy

  • Russian foreign minister to lead delegation at UN General Assembly

    MOSCOW, RUSSIA - Russian President Vladimir Putin has approved the composition of the country’s delegation to the 78th session of...

    In recent years, Russia’s delegation to the UN General Assembly has been headed by Foreign Minister Sergey Lavrov.

    The 78th session of the United Nations General Assembly will begin in New York on September 19.

  • Saudi Crown Prince and Iran foreign minister discuss bilateral relations

    Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...

    The Iranian foreign minister called the 90-minute meeting a "direct, frank, and productive conversation".

    The Iranian minister said the success of the region is possible by strengthening dialogue and cooperation.

  • EU well-prepared for winter as gas reserves hit 90% ahead of target

    The speedy filling of storage facilities means the bloc is "in a much more stable position than it was this...

    The crisis sparked by Russia's war led to the European Union adopting a law requiring the 90-percent gas storage by November 1 each year.

    Before Moscow launched its invasion in February 2022, Russia accounted for nearly half of the EU's natural gas imports.

  • Iran first Islamic country to have modern observatory, says official  

    TEHRAN, IRAN – Iran is the first Islamic country to possess a very modern observatory, the head of the Institute...

    The head of the Institute for Research in Fundamental Sciences said that Iran lacked the resources to build an observatory.

    He added that an observatory is like a living entity, and continuous work and progress are necessary for proper functioning.

  • China’s investment rises 23% in BRI countries in Jan-July 2023

    BEIJING, CHINA - Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in...

    This growth amounts to approximately US$13.69 billion, constituting nearly 20 percent of the overall investment in January-July 2023.

    The value of newly signed contracts amounted to US$103 billion, indicating a marginal 0.6 percent year-on-year increase.

  • Turkish officials discuss scenarios around stalled Russia grain deal

    Turkey’s top diplomat Hakan Fidan is planning to discuss the results of these discussions with Russian Foreign Minister Sergey Lavrov...

    Under another scenario, unilateral actions will be taken to set up alternative routes based on bilateral agreements, particularly for Ukrainian agricultural supplies via the Danube

    The third, an only 'viable option', envisages a revival of the grain deal "as soon as certain Russian concerns are removed".

  • Turkey ‘warned’ Russia after Black Sea ship attack: Ankara

    The Sukru Okan vessel was flying the flag of Palau when it was fired on by the Russian navy last...

    Turkey's president Recep Tayyip Erdogan's office came under criticism at home for saying nothing about the Russian attack

    Erdogan's office pushed back against its critics on Thursday, arguing that it was technically up to Palau to respond to the incident

  • Putin discusses possibility of Iran joining BRICS in call with Raisi

    Moscow, Russia - Russian President Vladimir Putin discussed Thursday, in a phone call with his Iranian counterpart Ebrahim Raisi, the...

    South Africa is scheduled to host a summit of the BRICS countries on August 23 and 24, which is expected to be attended by heads of all BRICS member states

    The two leaders also discussed ways to enhance bilateral relations between the two countries in all fields, especially in trade, transportation and logistics

  • Stocks dragged further by US rate worry, China gloom

    Expectations of another Fed hike have pushed 10-year Treasury yields -- a gauge of future rates -- close to their...

    All three main indexes on Wall Street sank for a third straight session on Thursday, while London, Paris and Frankfurt also suffered heavy losses

    Asian markets were well in the red, including Hong Kong, which was down for a sixth consecutive trading day, while European investors were also on the back foot