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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.
  • Iran news editor suspended over protest coverage: media

    Tehran, Iran--Iranian authorities have banned the editor-in-chief of reformist daily Etemad "from any press activity for a year" over coverage of...

    Behrooz Behzadi, the editor, was accused of printing false content after a complaint by a Tehran branch of the powerful Revolutionary Guards Corps

    Early this year, an Etemad report estimated that some 80 journalists were among the thousands arrested during the months-long unrest in Iran

  • Qatar pledges $100m for humanitarian assistance to Ukraine

    Kyiv, Ukraine - Qatar has pledged $100 million for humanitarian assistance in Ukraine. The funds were meant the rehabilitation of...

    Ukrainian prime minister Shmyhal said that the money will be used for reconstruction in the health and education sectors, and other important humanitarian projects

    Qatar prime minister Jassim Al-Thani reiterated the importance of respecting the sovereignty of Ukraine and its territorial integrity within its internationally recognized borders

  • Turkiye will accelerate ongoing defense projects: Erdogan

    Istanbul, Turkiye - Turkiye will accelerate ongoing defense projects and find solutions for the sector's requirements, Turkish President Recep Tayyip...

    Speaking at International Defense Industry Fair in Istanbul, Erdogan said the prototypes will be tested for domestic use and exports

    Turkish president said the country's advanced fighter jet Kaan,will make its maiden flight by the end of this year

  • Aramco, 5 local firms to jointly work on project in Pakistan

    ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...

    The proposed joint venture will establish a mega refinery in Gwadar with a capacity of 400,000 barrels per day.

    The government of Pakistan has already approved a refinery policy for new projects in the country.

  • Egypt calls for renewal of Black Sea grain export deal

    MOSCOW, RUSSIA -  Egypt's president on Friday called on Russia and Ukraine to find "urgent solutions" to allow the resumption of...

    Moscow withdrew from the agreement after protesting for months that parts of the deal that allowed for export of Russian fertilizer were not honored.

    Russia refused to extend a deal brokered by UN and Turkey, under which Ukrainian grain exports passed through the Black Sea to reach global markets.

  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday.European football's governing...

    Turkey, who lost out to Germany for Euro 2024, entered the process for both editions, while Italy decided to bid only for 2032.

    In 2021, UEFA initiated a bidding process for the hosting of two editions of its European Championship, in 2028 and 2032.

  • Tabreed H1 23 net profit $105m

    New customers and projects were added in H1 2023.

    In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.

    Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.

  • G20 environment ministers race to reach climate consensus

    Most delegations were led by their environment and climate change ministers, while the US delegation was headed by Special Presidential Envoy...

    Any agreements reached at the one-day conference in Chennai will be signed by the leaders of G20 nations during a summit in New Delhi this September

    The meeting comes only days after the group's energy ministers were criticised for failing to agree on a roadmap to cut fossil fuels from the global energy mix

  • Saudi summons Danish diplomat to protest Quran burning

    During the meeting on Thursday with the Danish charge d'affaires, foreign ministry officials delivered a protest note urging an end...

    The far-right group Danske Patrioter on Monday posted a video in which a man is seen desecrating and burning what appeared to be the Muslim holy book.

    Saudi Arabia has also denounced protests by a Sweden-based Iraqi refugee who last month burned pages of the Quran outside Stockholm's main mosque.

  • Biden pursuing Middle East peace deal anchored in Saudi-Israel normalization: report

    As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the...

    As part of this potential deal, Saudi Arabia would normalize relations with Israel, contingent on Israel making concessions to the Palestinians

    Biden has dispatched his national security adviser, Jake Sullivan, and Middle East policy official, Brett McGurk, to Saudi Arabia to engage in exploratory talks