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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.
  • US to deploy additional F-35 and F-16 fighter jets to Middle East

    Dubai, UAE - The United States has announced plans to bolster its military presence in the Middle East in response...

    The primary goal of this deployment is to enhance monitoring capabilities in the vital waterways, especially the Strait of Hormuz

    The chokepoint, situated between Iran and Oman, has been a focal point of tensions between the US and Iran

  • Morocco claims Israel recognizes its sovereignty over Western Sahara

    Dubai, UAE--Morocco said that Israel has recognized its sovereignty over the disputed territory of Western Sahara and is mulling opening...

    According to a statement from Morocco's Royal Palace, Israeli Prime Minister Benjamin Netanyahu stated the Jewish country's position in a letter to the king

    The statement from the palace further noted that as part of this recognition Israel mulls "the opening of a consulate in the city of Dakhla"

  • Japanese PM discusses clean energy cooperation with UAE ahead of COP28

    As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...

    Japan aims to offer green and renewable energy technologies to assist Gulf states' decarbonisation efforts

    The UAE-Japan Business Forum witnesses signing of 23 cooperation agreements and MoUs in various sectors

  • UN hands over boat for oil transfer from rusting Yemen tanker

    Aboard Nautica , Yemen - The United Nations on Monday handed over a vessel that will take on board oil from...

    The handover ceremony took place aboard the Nautica, which is being renamed the Yemen, in the presence of the country's Houthi authorities.

    In the coming days, an operation is expected to begin pumping 1.14 million barrels of crude oil to the Nautica from the FSO Safer.

  • Millions will ‘pay the price’ of Russia’s grain deal exit: UN chief

    The move by Moscow will "strike a blow to people in need everywhere", Guterres said. "Hundreds of millions of people...

    Earlier, the Kremlin said that as "soon as the Russian part (of the agreements) are fulfilled, the Russian side will immediately return to the grain deal".

    Ukraine President Volodymyr Zelensky said his country was prepared to keep exporting grain via the Black Sea despite Russia's exit from the deal.

  • Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation

    RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...

    Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.

    The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.

  • Dubai posts 44 percent growth in business event bid wins in H1 2023

    DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...

    Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.

    These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.

  • Global debt dominates as G20 finance chiefs meet in India

    Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the...

    Key on the two-day agenda will be "facilitating consensus to intractable issues associated with rising indebtedness", Sitharaman said

    A top official from G20 chair India said there had been a "not so encouraging response" from Beijing on shared debt understanding

  • Libya border guards rescue migrants in desert near Tunisia

    Many journalists at the Libyan-Tunisian border saw migrants who were visibly exhausted and dehydrated, sitting or lying on the sand...

    Hundreds of migrants from sub-Saharan African countries were forcibly taken to desert and hostile areas bordering Libya and Algeria after racial unrest in early July in Sfax

    Hundreds of migrants fled or were forced out of Sfax after racial tensions flared following the July 3 killing of a Tunisian man in an altercation between locals and migrants

  • War-scarred Sudan refugees face soaring rent prices in Cairo

    As Egypt said more than 250,000 people crossed in from Sudan -- fleeing ceaseless air strikes, street battles, rampant looting...

    Purchasing power in the import-dependent economy has been slashed as families struggle to make ends meet

    New arrivals from Sudan face hardships, with realtors reporting a sharp increase in demand in Egypt's Cairo