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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.
  • Iran imposes sanctions on UK, EU individuals, entities

    Tehran, Iran— Iran has announced new sanctions against the UK and European Union “individuals and entities” for supporting what it...

    The Islamic Republic has imposed sanctions as a form of retaliation for "cruel sanctions " against Iranian people

    The country’s foreign ministry blamed the UK and EU for violating international obligations on combating terrorism

  • UK, Netherlands vow to build world’s biggest electricity power-line

    The UK and the Netherlands have announced LionLink, a subsea energy link project that will connect offshore wind farms in...

    Developed by UK's energy distributor National Grid and Dutch electricity supplier TenneT, the project will power up to 1.8 million British homes

    The subsea energy link project is expected to be operational by the early 2030s and will be the largest in terms of electricity capacity in the world

  • India to become world’s most populous nation this week, says UN

    India will overtake China as the world's most populous country in the coming week, hitting almost 1.43 billion people, the...

    India is topping China due to both rapid growth in its own population and a decline in China's after hitting 1.426 billion last year.

    China is expected to decline steadily to around one billion people by the end of this century, according to UN projections.

  • Bangladesh gets new president before general election

    Mohammed Shahabuddin, a former judge and a ruling party official, was sworn in as the president of Bangladesh, just months...

    The opposition in Bangladesh has staged a series of protests, demanding that Prime Minister Sheikh Hasina step down.

    The opposition accuses Hasina, who has been in power since 2009, of rigging the previous two elections.

  • UN chief calls for ceasefire in Sudan, says conflict may affect region

    Foreign nations pushed with evacuations of their citizens from Sudan which, the UN chief warned, is "on the edge of...

    The US, European, Middle Eastern, African and Asian nations have launched emergency missions to bring to safety their citizens from Sudan.

    At least 427 people have been killed and over 3,700 wounded, as per UN agencies, which said Sudanese civilians fleeing the affected areas.

  • Saudi Fund for Development to provide $130m loans to Kyrgyzstan

    Two loan agreements were signed in the Kyrgyz capital Bishkek by the SFD CEO Sultan bin Abdulrahman Al-Marshad with the...

    The first agreement worth $100 million involves financing the construction of 3000 housing units covering an area 255,000 square meters.

    The second agreement is related to financing of the Taraz-Talas Road Project (Phase 4), which aims to reconstruct 93 km of road to improve road safety.

  • Australia sets in motion largest defense renovation in decades

    Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose"...

    The biggest changes may be felt in the Australian army, which will now have a sharper focus on coastal defense.

    Australia's military will develop the ability to strike from air, land and sea, strengthen northern bases and recruit more troops.

  • China rejects envoy’s claims on ex-Soviet countries sovereignty

    China insisted it respects the sovereignty of all ex-Soviet countries, after comments by its ambassador to France drew ire in...

    Beijing distanced itself from Lu's remarks - while also defending its claimed neutral stance on Russia's war in Ukraine.

    Lu said countries that emerged after the fall of the Soviet Union "don't have effective status under international law.

  • West imposed nearly 800 sanctions on Iran since Sept 2022: Analyst

    Tehran, Iran -- The West has intensified economic pressures on Iran in recent months and imposed nearly 800 sanctions on...

    Several Western governments imposed new sanctions on Iran in the aftermath of the protests against the death in custody of Mahsa Amini.

    Mohsen Pakaeen, a foreign policy analyst, asked Iran to improve the economic structure of the country to avoid the negative consequences of the sanctions.

  • Iraq president to visit Iran as Middle East peace process gathers pace

    Tehran, Iran-- Iraq's President Abdul Latif Rashid will make an official visit to Iran in the near future as the...

    The visit of Iraqi president to Iran was raised in a phone call between the Iraqi Foreign Minister Fuad Hussein and Iranian Foreign Minister Hossein Amirabdollahian

    The two foreign ministers also reviewed ways to widen strategic cooperation and the need for consultations on various issues of mutual interest