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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.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • Libyan army commander warns of action over unequal oil revenue

    Crude is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict,...

    Khalifa Haftar, military head of Libyan eastern command, said "a deadline at the end of August for this committee to complete its mission".

    Haftar said a committee must be established "to put in place financial arrangements with a view to fair management of public funds" and oil revenues

  • France seeks answers as Macron declares riots ‘peak’ passed

    At a meeting of more than 300 mayors, whose municipalities suffered damages, Macron said, "Is it a permanent return to...

    "I came to hear the president give us a vision, set a course. I didn't come for a group therapy session," complained Zartoshte Bakhtiari, mayor of Neuilly-sur-Marne east of Paris.

    "It pays to kill a young Arab," tweeted Manon Aubry, a European Parliament deputy, reacting to online collection of $1.5m for the policeman who shot dead Nahel M.

  • Israeli assault: ICRC calls for protection of civilians in Jenin

    Civilians and civilian objects must be respected and protected. The Israeli security forces must in particular ensure that the population...

    The spiral of violence seen in the first six months of 2023 has led to heightened tensions and a worrying deterioration in the humanitarian situation in the West Bank.

    UN human rights chief Volker Turk said the Israeli forces in the West Bank needed to abide by international human rights standards on the use of force.

  • Egypt, Turkey appoint ambassadors after a decade

    Egypt and Turkey said they had appointed ambassadors to each others' countries for the first time in a decade, in...

    Cairo and Ankara both issued statements announcing "the upgrading of diplomatic relations between them to the level of ambassadors".

    Relations were severed a decade ago when Sisi, then Egypt's defense minister, ousted the Islamist president Mohamed Morsi, an ally of Turkey.

  • Urgent UN Human Rights Council session to discuss Quran burning

    A Quran was burnt outside the Swedish capital's main mosque on Wednesday, triggering a diplomatic backlash across the Muslim world....

    The Geneva-based UN Human Rights Council, which is meeting in session until July 14, will change its agenda to stage an urgent debate, following a request from Pakistan.

    There are 47 members of the Human Rights Council. The UN's top rights body is currently in the second of its three regular sessions per year.

  • UN talks look to draw upon AI power and potential

    The UN hopes to lay out a clear blueprint on the way forward for handling AI, as development of the...

    The summit wants to identify ways of using AI to advance the UN's lagging sustainable development goals

    This summit can help ensure that AI charts the course that benefits humanity, UN chief Antonio Guterres said

  • Xi urges Shanghai alliance solidarity, Putin praises support

    The Shanghai Cooperation Organization -- which on Tuesday welcomed Iran as its ninth member -- encompasses a vast stretch of...

    During the virtual meeting, Xi "called for efforts to safeguard regional peace and ensure common security", state news agency Xinhua said.

    Tehran's membership will support "collective security... expanding ties and communications (and) strengthening unity", Iranian President Ebrahim Raisi said.

  • President Assad and Jordan’s foreign minister discuss refugees, drug smuggling

    The focus of the discussion between the two was war refugees and a crackdown on cross-border smuggling, according to Jordan's...

    According to Jordan's foreign ministry, Assad and Safadi also discussed "humanitarian, security and political" steps towards a "comprehensive solution" to Syria's crisis

    The ministry also said that Safadi brought up in his discussion with Assad the need for heightened cooperation between the two countries in order to curb drug smuggling

  • Israeli settler violence wreaks havoc on Palestinian economic growth and internal trade

    Clothing stores, restaurants, tourism establishments and hotels are experiencing a sixty percent drop in business due to intensified violence, an...

    “The biggest impact is on internal trade,” says Rabeh Morrar, research director of MAS, the Palestine Economic Policy Research Institute in Ramallah

    The surge of settler attacks increases the challenges of an already weak and vulnerable economy that is already hit by Israeli strictures on movement

  • RAKEZ inks MoU with ICFA to foster trade in food, agriculture

    RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA)...

    This alliance seeks to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.

    The agreement is set to facilitate promotional activities for trade, market access, and business matchmaking opportunities between UAE and India.