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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.
  • Qatar, Bahrain to restore ties as Middle East’s push for peace gains pace

    In 2017, Bahrain joined Saudi Arabia, the United Arab Emirates and Egypt in imposing a diplomatic blockade on Qatar. The...

    Qatar's foreign ministry said that the neighbors "decided to restore diplomatic relations between the two countries" as per the UN's charter

    The two countries' relations have been more difficult to restore because of many thorny issues including their maritime border

  • Saudi Deputy Foreign Minister Walid Al Khuraiji, right, receives Syrian Foreign Minister Faisal Mekdad upon his arrival at the airport of Jeddah, Saudi Arabia. (SPA)

    Historic talks: Syrian and Saudi ministers discuss steps to resolve ongoing crisis in Syria

    It's raining peace in the Arab world. Saudi Arabia has taken lead in normalizing ties with countries such as Turkey,...

    Saudi Arabia is also negotiating with Yemen's Iran-backed Houthi rebels, eight years after launching a military intervention aimed at dislodging them from power.

    Riyadh broke off relations in 2016 after Iranian protesters attacked Saudi diplomatic missions following the execution of Saudi Shiite cleric Nimr al-Nimr.

  • Egypt’s Sisi meets UAE leader amid economic woes

    Cairo's foreign reserves fell by about 20 percent in one year to $34.45 billion -- about $28 billion of which...

    Sisi has been courting Gulf leaders as Egypt grapples with economic turmoil that has seen inflation shoot up to nearly 34% and the local currency halve in value

    Egypt was hit hard by the impact of Russia's invasion of Ukraine last year, having heavily relied in wheat imports and revenues from tourism from both countries

  • Interest rate hikes adversely affect developing countries, says UN

    The global economic slowdown and swelling interest rates are pummeling debt-ridden developing countries, the UN warned, urging bold global action...

    Rate increases in the US and other wealthy countries may cost developing countries over US$800 billion in lost income by 2025.

    UNCTAD said it now expected global GDP growth of 2.1 percent in 2023, down from 2.2 percent it forecast in September last year.

  • Global debt growing due to US, China, says IMF 

    Global government debt is on track to reach levels not seen since the height of the COVID-19 pandemic, the International...

    In the US, government debt as a percentage of economic output is expected to surpass its pandemic-era peak by 2027.

    China's debt burden is forecast to be almost double its pre-pandemic levels by 2028, the IMF said.

  • Saudi Crown Prince receives US NSA call amid advancing Saudi-Iran detente

    The two leaders talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere.

    Sullivan commended the progress made in Yemen over the past year and welcomed Saudi efforts towards a roadmap for ending the conflict

    The two leaders also talked about de-escalation in the region and maintaining deterrence against threats from Iran and elsewhere

  • Facing criminal charges, Trump vows to ‘never’ drop presidential bid

    The Republican real estate magnate, who is facing 34 felony counts in New York over alleged hush money paid to...

    Trump, 76, in his first major interview since being arrested last week, cast doubt on whether Democrat Biden, 80, would be in the 2024 race

    Right wing outlets like Fox News frequently highlight Joe Biden's verbal flubs, and moments where he appears to have lost his train of thought

  • UAE Federal National Council speaker, Chinese Ambassador, discuss bilateral ties

    Abu Dhabi, UAE -- Speaker of the UAE Federal National Council (FNC) Saqr Ghobash, and the Chinese Ambassador to the...

    The two sides discussed a range of issues of mutual concerns, and ways of developing the overall bilateral ties between the two countries

    Ghobash said that the bilateral cooperation between the UAE and China is a model of an ideal partnership based on friendship and mutual respect

  • Israeli forces kill two Palestinians in occupied West Bank

    Jerusalem, Undefined - Israeli forces killed two Palestinians in the occupied West Bank on Tuesday, Israel's defense minister Yoav Gallant said."I...

    A senior Palestinian official told AFP that he had been informed of the death of the two Palestinians, who were not immediately identified.

    Violence has surged in the region over the last week as the Muslim fasting month of Ramadan, Jewish Passover and Christian Easter coincided.

  • 9 Arab nations to discuss Syria ties at Saudi Arabia meet on Friday

    Syria's President Bashar al-Assad, diplomatically isolated since the start of the Syrian war in 2011, has visited the UAE and...

    Saudi Arabia announced last month that it has started talks with Damascus about resuming consular services.

    Syria was expelled from the Arab League over the crackdown on pro-democracy protests that unleashed the war.