Search Site

Trends banner

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘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.
  • Turkey hosts Syria opposition after outreach to Assad

    Erdogan's hopes for talks with Assad follow calls from Turkey's main opposition party as it is pressing Erdogan to speed...

    Erdogan has suggested that the talks between the defense chiefs be followed up by a meeting between the foreign ministers that could set up a potential presidential summit

    Erdogan's foreign policy adviser Ibrahim Kalin confirmed that Ankara was now pressing Damascus to take steps for the return of Syrian refugees who fled the fighting to Turkey

  • Iraq says former official returned fraction of stolen US$2.5BN

    The government of Prime Minister Mohammed Shia al-Sudani took over from Kadhemi in October and has made regular announcements about...

    The anti-corruption agency identified the suspect who returned the funds as Haitham al-Juburi, who is in detention and a former adviser to ex PM Mustafa al-Kadhemi

    According to a document of tax authority, $2.5 billion was allegedly expropriated between September 2021 and August last year through 247 cheques cashed by five enterprises

  • Iran vows revenge three years after killing of Soleimani by US

    President Ebrahim Raisi of Iran has vowed to avenge the killing of a top Iranian general three years ago in...

    He was one of the country's most popular public figures, who spearheaded Iran's Middle East operations and was seen as a hero of the 1980-88 Iran-Iraq war

    The Pentagon said at the time that Soleimani had been "actively developing plans to attack American diplomats and service members in Iraq and throughout the region

  • Mideast powers condemn Israel minister’s visit to Al-Aqsa compound

    The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an...

    Ben-Gvir's visit comes days after he took office as national security minister, with powers over the police, giving his decision to enter the sensitive site considerable weight.

    Ben-Gvir has advocated for Arab-Israelis deemed disloyal to the state to be expelled and for the annexation of the occupied West Bank.

  • From F1 to CR7, Saudi Arabia’s sports shopping spree

    Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by...

    The 2029 Asian Winter Games will be held at NEOM, an under-construction $500 billion megacity that is planning a year-round winter sports complex.

    Saudi money has created a schism in the golf world with the heavily funded LIV Tour, which has lured some top players.

  • Turkey’s inflation rate slows sharply to 64.3%

    Analysts attribute the sharp slowdown to the so-called base effect, which makes year-on-year price increases look smaller when compared to...

    Consumer prices rose by 64.3 percent in December compared to an 84.4-percent year-on-year increase in November

    Turkey's economy has been going through convulsions since Erdogan tried to fight inflation by bringing down borrowing costs

  • Saudi-China relations warm up with strategic deals

    A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.

    A recently reached Comprehensive Strategic Partnership Agreement has further enhanced the historical friendly relations between Saudi Arabia and China.

    The two sides had recently signed several agreements and MoUs to enhance bilateral ties to serve the interests of the two countries and their people.

  • UNESCO praises Saudi Arabia for its success in e-education governance

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization (UNESCO) has praised the achievements of Saudi Arabia...

    UNESCO said that Saudi Arabia's National E-Learning Center is an example to be followed at the international level.

    The National E-Learning Center supports the development of governance procedures in the electronic education and training sector.

  • Half a ton of heroin seized from unflagged boat in Arabian Sea

    Abu Dhabi, United Arab Emirates--The French navy seized nearly half a ton of heroin and 3.5 tons of cannabis resin when...

    It seized the drugs with an estimated value of 50 million euros after its frigate Guepratte spotted the dhow on December 27.

    Part of the illegal drugs shipment was "probably intended for the European market", said the command based in Abu Dhabi in the United Arab Emirates.

  • War-themed video game fuels wave of misinformation

    Footage from the war-themed Arma 3 video game has been used repeatedly in recent months in fake videos about the...

    Arma 3 allows players to create various battlefield scenarios using aircraft, tanks and tanks and a host of weapons.

    Given the unsophisticated nature of the Arma 3 misinformation, researchers say it is unlikely to be the work of state actors.