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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.
  • Kuwait to hold seventh election in 10 years amid political paralysis

    The oil-rich country suffers from constant stand-offs between elected lawmakers and cabinets installed by the reigning Al-Sabah family. The opposition...

    Fearing that widespread scepticism will discourage many people from voting, the authorities have festooned the capital with posters in an attempt to encourage a better turnout

    The latest general election was called by the emir last month after he again dissolved parliament amid a persistent deadlock with the executive branch that has stalled reforms

  • Syrian foreign minister discusses aid on visit to key ally Iraq

    The visit by Faisal Mekdad comes weeks after the Arab League agreed to end Syria's suspension from the 22-member bloc,...

    Baghdad was "one of the initiators" of Syria's return to the Arab League, Iraqi Foreign Minister Fuad Hussein said in a joint press conference with Faisal Mekdad.

    Mekdad and Iraqi PM also discussed the issue of Syrian refugees who fled the country after war erupted, many of whom now live in Iraq as well as Jordan, Lebanon and Turkey.

  • Suez Canal traffic resumes after broken down tanker tugged away

    Traffic in both directions returned to normal after a brief disruption when the Malta-flagged Seavigour experienced a "machinery malfunction" while...

    Brief disruptions caused by ships breaking down or running aground are common in the waterway, through which about 10 percent of global maritime trade passes.

    The canal is a major source of much-needed foreign currency for cash-strapped Egypt, earning it $8 billion in transit fees in 2022.

  • Volunteers bury 180 unidentified bodies as Sudan war rages

    Volunteers have buried 102 unidentified bodies in the capital's cemetery and 78 more in Darfur, ever since the fighting between...

    According to the Armed Conflict Location and Event Data Project, more than 1,800 people have been killed in the fighting

    The UN says 1.2 million people have been displaced within Sudan and more than 425,000 have fled abroad

  • Time won’t strip Palestinians of right to return

    "While commemorating 75 years since the crisis, we remember with sorrow the crime against humanity the Palestinian people faced in...

    Kuwait's UN Ambassador Tariq Al-Bannai underscores Palestinians' right to return to their homeland during a UNRWA meeting

    Al-Bannai recalls the crisis of 1948, terming it a crime against humanity, leading to displacement of hundreds of thousands of Palestinians.

  • Cabinet lineup unveiled as Erdogan starts third term as Turkish president

    Recep Tayyip Erdogan has begun his third term as Turkish president, vowing to serve "impartially". Despite an economic crisis and...

    Erdogan names Mehmet Simsek as the finance minister and Hakan Fidan as the foreign minister

    The Turkish leader pledges to serve 'impartially' and to uphold the secular principles of the republic

  • Three Israeli, Egyptian dead in cross border firing

    Three Israeli soldiers and a member of Egypt's security forces were killed in a rare exchange of fire near the...

    An army statement identified the assailant as an Egyptian policeman, saying he was killed by Israeli troops after being found "in Israeli territory".

    Hours before the deadly shooting, Israeli soldiers had foiled an attempted drug smuggling operation at the border, seizing contraband goods.

  • EU bicycle exports surged to US$1.1bn in 2022

    BRUSSELS, BELGIUM -  The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...

    The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.

    The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.

  • Dane, two Austrian-Iranian citizens released by Tehran arrive home

    One Dane and two Austrian-Iranian citizens released from detention by Tehran arrived in their home countries, after the latest in...

    Belgian Foreign Minister Hadja Lahbib welcomed them at the airport along with Danish and Austrian diplomats.

    The trio's release, as well as that of a Belgian aid worker a week earlier, were part of a prisoner swap.

  • Iran, Saudi Arabia, UAE, Iraq, other regional powers plan naval coalition

    Iranian Navy Commander Rear Admiral Shahram Irani has declared the formation of a new naval coalition. This alliance, encompassing regional...

    The move reflects the region's understanding of the need for synergy and cooperation in establishing security

    Iran, Russia, and China's annual naval exercises pointed to as a model for this regional coalition