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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, KSA agree to resume flights and bilateral visits

    Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan have pledged to reopen diplomatic representations within...

    Iranian Foreign Minister Hossein Amir-Abdollahian and his Saudi counterpart Prince Faisal bin Farhan discussed steps towards reopening the embassies and consulates

    On March 10, Tehran and Riyadh announced the agreement to restore relations severed seven years ago when protesters in Iran attacked Saudi diplomatic missions

  • Turkey denounces storming of Al-Aqsa, terming it ‘our red line’

    Condemning the storming of Al-Aqsa mosque by Israeli forces and the beating of worshippers inside, Turkey's President Recep Tayyip Erdogan...

    Turkey's foreign minister said the attacks have "exceeded the limit" and normalization with Israel cannot be at the expense of Palestinian cause

    Israeli police stormed into the mosque's prayer hall before dawn and forcibly removed worshippers who were engaged in prayer

  • World’s largest online cybercrime site shut in police crackdown

    Genesis Market sold the identities of over two million people for as little as $0.70, allowing hackers to target bank...

    The website was based in Russia, according to the US Treasury, which said it had imposed sanctions against Genesis Market.

    Action against criminals took place in countries including Australia, Britain, Canada, the United States and more than 10 countries in Europe.

  • Iran welcomes US decision to spur peace process in Yemen

    TEHRAN, IRAN - Iran on Wednesday welcomed a US call to help end the long-running conflict in Yemen by backing a peace...

    Sunday marked the first anniversary of the UN-brokered truce between the Yemeni government and the Iran-backed rebels.

    UN Yemen envoy Hans Grundberg described it as a "moment of hope" as the truce was largely holding despite lapsing in October.

  • WTO sees 2023 global trade growth at 1.7 percent

    The World Trade Organization said 2023 global trade growth would be slightly better than feared, but would remain "subpar", weighed...

    The forecast was slightly better than feared last October, when the WTO projected 2023 trade growth would be as low as one percent.

    The organization's economists also estimated that real global GDP growth at market exchange rates would be 2.4 percent this year.

  • Iran names envoy to UAE after nearly eight-year absence

    Iran and the United Arab Emirates have long had close economic ties which continued even during the diplomatic chill. A...

    The move comes after Iran welcomed an Emirati ambassador last September ending a six-year absence

    The UAE had cut the level of its diplomatic representation after neighbouring Saudi Arabia severed ties in 2016

  • Iran working on key pipeline to supply gas to Oman

    Reza Noshadi, who heads the National Iranian Gas Company’s engineering subsidiary, said that Iran will be able to export gas...

    In June last year, Oman and Iran signed deals to develop two gas pipelines and an oil field along their maritime border

    Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to the nuclear deal in 2015

  • UAE president discusses ties, regional situation in phone call with Netanyahu

    Abu Dhabi, UAE - The UAE president Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Benjamin Netanyahu, Prime...

    Sheikh Mohamed affirmed the UAE’s ongoing commitment to ties with Israel, describing their cooperation as a strategic approach to peace and development

    A separate statement from Netanyahu's office said the two leaders agreed to "continue the dialogue between them in a personal meeting in the near future."

  • Israeli police storm Al-Aqsa mosque to remove ‘agitators’

    Israeli police stormed into the Al-Aqsa mosque on Wednesday to dislodge what it calls agitators in a move condemned as...

    According to witnesses, several rockets were fired from the northern Gaza Strip toward Israeli territory after the announcement of the clashes at Al-Aqsa

    Clashes between Palestinians and Israelis have often erupted in the mosque compound in the Israeli-annexed Old City of east Jerusalem, particularly during the month of Ramadan

  • France’s Macron in China to discuss Ukraine war, trade ties

    The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in...

    Macron will look to stand firm on Ukraine during talks with his counterpart Xi Jinping and offer "another path" from the Washington's confrontational tone

    The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in the Asia-Pacific region