Search Site

Trends banner

‘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.
  • Morocco, Shell sign 12-year natural gas deal: ministry

    Morocco has sought to diversify its energy sources particularly since neighbouring Algeria stopped supplying natural gas via the GME in...

    The agreement includes the annual delivery of 500 million cubic meters of LNG to Morocco, the value of the 12-year deal has not been disclosed

    In the initial years, the gas will be delivered through Spanish ports and the Maghreb GME, It will eventually be delivered through planned Moroccan LNG terminals

  • Iraqi Christian leader leaves Baghdad as tensions with president soar

    Cardinal Louis Raphael Sako, the patriarch of Iraq's Chaldean Catholic Church and architect of Pope Francis' historic visit to the...

    Kildani is the leader of the Babylon Movement, whose armed wing is part of Hashed al-Shaabi - a network of largely pro-Iran paramilitaries that were integrated into Iraqi forces

    In a statement on Saturday, the cardinal condemned the government's "silence" over what he described as a campaign against him by the Babylon Movement

  • Iraq honey production at the mercy of heat and drought

    Bees thrive in temperatures of around 30-35 degrees Celsius, not in searing heat, when the thermometer climbs to 50, said...

    A bee needs to constantly forage for the pollen and nectar necessary for honey production but the drought is forcing bees to travel longer to pollinate

    In 2022, honey produced in parts of Iraq controlled by the Baghdad federal authorities reached 870 tonnes, while in Kurdistan 850 tonnes were produced

  • Israelis continue protests as judicial reform advances

    Following stiff opposition and growing international criticism -- including from US President Joe Biden -- Prime Minister Benjamin Netanyahu ordered...

    Saturday's rallies, the 28th since the reform agenda was unveiled in January, come days after parliament approved in its first reading the bill

    The proposals on Judicial reforms would also give the Netanyahu's government a greater say in the appointment of judges

  • Tensions lurk behind facade of Gulf Arab detente: Crisis Group

    Dubai, UAE - Six years after imposing a comprehensive blockade on Qatar, Saudi Arabia, the United Arab Emirates (UAE), and...

    The roots of the Gulf dispute stemmed from Qatar's foreign policy, which was viewed as a threat by Saudi Arabia, the UAE, Bahrain, and Egypt

    While the four-year blockade of Qatar may be over, deep-seated fault lines remain, and new ones are emerging

  • Modi’s visit: India, UAE sign pact to trade in local currencies

    Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...

    CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers

    The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks

  • UAE, India pledge for success of Dubai’s COP28 event

    The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra...

    "The UAE and India are united in their determination to ensure the successful outcome of COP28 as an inclusive and action-oriented conference," said a statement.

    The leaders of both the countries said they were "committed to enhance cooperation on climate ambition, decarbonization and clean energy".

  • Ukraine grain deal failed to achieve objective, says Putin

    Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...

    A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.

    "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.

  • UAE-India trade rose to US$384bn in 2013-22

    ABU DHABI, UAE - The significant growth in the volume of non-oil trade between the UAE and India signifies the...

    CEPA will help deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.

    During 2020-2022, non-oil trade between the UAE and India has grown from US$27.9 billion to US$51.4 billion last year.

  • With Putin arriving in Aug, Erdogan confident of Ukraine grain deal extension

    The Black Sea grain deal was first signed in July 2022, five months after the Russian invasion of Ukraine, and...

    Erdogan said he had spoken with Russian President Vladimir Putin about the crucial deal, set to expire on Monday, though he did not say when the conversation had taken place

    Earlier Friday, speaking in Jakarta, US Secretary of State Antony Blinken called on Russia to extend the deal, warning that the most vulnerable countries would suffer without it