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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.
  • Parched Egypt struggles to contain water loss

    In a country already suffering from severe water scarcity, official figures show that more than a quarter of clean water...

    Nationwide, official figures show 26.5 percent of Egypt's clean water in the 2021-22 fiscal year was lost - a conservative estimate, according to experts

    The Suez Canal governorates of Port Said, Suez and Ismailia have the highest rates of water loss in the country, with over two thirds of clean water going down the drain

  • US concerned on hunger strike over Bahrain jail conditions

    With support from a military force from neighboring Saudi Arabia, Bahrain crushed the 2011 protests which had demanded a constitutional...

    Prisoners at the Jau prison, which holds dissidents detained when authorities crushed Shiite-led protests in 2011, have been subjected to 23-hour cell confinement

    Bahrain, whose Sunni monarchy has tense relations with Shiite cleric-led Iran, is home to the US Navy's Fifth Fleet, which is at the forefront of the Gulf standoff with Tehran

  • Tunisia arrests bakery union chief for ‘monoply’ amid bread shortage

    Tunis, Tunisia - Tunisian authorities have arrested the head of the national bakery owners' union, accusing him of a "monopoly" as...

    Bakeries' union chief Mohamed Bouanane was arrested on Wednesday "on suspicion of monopoly and speculation with subsidized foodstuffs".

    Economists told AFP the current supply crisis stems from an inadequate reserve of subsidized flour held by the highly indebted Tunisian government.

  • Libya’s militia chief released after ceasefire pact with government

    Videos circulated on social media on Wednesday night showed Mahmoud Hamza dressed in military fatigues and surrounded by his fighters...

    Hamza "was released on Wednesday night and returned to his headquarters south of Tripoli", an official at army headquarters in western Libya told AFP

    "He was released under a government-sponsored ceasefire agreement" which also provides for the "withdrawal of fighters from the front lines", said the official

  • WHO’s maiden traditional medicine summit opens in India

    "WHO is working to build the evidence and data to inform policies, standards and regulations for the safe, cost-effective and...

    Traditional medicines are a "first port of call for millions of people worldwide", the World Health Organization said.

    The two-day WHO Traditional Medicine Global Summit takes place alongside a meeting of G20 health ministers in India.

  • ‘Fuel of the future’: Gulf states bet on ‘green’ hydrogen

    The investment in green hydrogen has not curbed expansion in oil and gas, with both the UAE and Saudi Arabia...

    In July the UAE, which will host the COP28 climate conference this year, approved a hydrogen strategy that aims to make it one of the top 10 producers by 2031

    According to Deloitte, Gulf nations will lead global clean hydrogen trade in the short-term, exporting around half of their domestic production by 2030

  • Saudi Arabia executes US national convicted of killing Egyptian father

    The death sentence for Bishoy Sharif Naji Naseef was carried out in the Riyadh region, the official Saudi Press Agency...

    A court found that Naseef beat and strangled his Egyptian father to death and mutilated him after he died, and that he also used drugs

    The mode of execution was not specified, but Saudi Arabia has in the past often used beheading when implementing the death penalty

  • Iran Foreign Minister stresses unity on first Saudi visit since ties restored

    Hossein Amir-Abdollahian also took the opportunity to reiterate the Islamic republic's support for the Palestinian cause at a time when...

    Ties between Saudi Arabia and Iran "are progressing in the right direction," Amir-Abdollahian told reporters at a press conference with Prince Faisal bin Farhan.

    Thursday's meeting in the Saudi foreign ministry's Islamic Solidarity Hall "will be a prelude to the meeting of the heads of the two countries", he added.

  • Truce holds in Libya after deadly clashes leave 55 dead

    Fighting raged from Monday night between the influential 444 Brigade and the Al-Radaa, two of the myriad of militias that...

    The clashes with rocket launchers and machine guns followed the detention of the 444 Brigade head, Colonel Mahmud Hamza, by the rival Al-Radaa Force on Monday

    During the fighting, 234 families were evacuated from frontline areas in Tripoli's southern suburbs, along with dozens of doctors and paramedics trapped while caring for wounded

  • Risk of renewed conflict in Yemen: UN sounds alarm

    The poorest country on the Arabian peninsula, Yemen's economy has collapsed in the eight years of war between Iran-backed Houthis...

    UN special envoy for Yemen warned of "public threats to return to war" in the Middle Eastern nation while the US and UK warned of escalating attacks and threats from Houthi rebels

    US Ambassador said Washington "strongly" condemns "senseless" maritime attacks by Houthis "on maritime shipping which are also exacerbating the humanitarian crisis"