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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • Syrians watch Iran-Israel crossfire as government stays silent

    For days, Syrians have watched as Iranian missiles and Israeli interceptors light up the skies over their territory, but the...

    Iran was one of former ruler Bashar al-Assad's biggest backers, playing a crucial role in propping up his government by providing military advisers and the support of affiliated ar

    Israel, meanwhile, has occupied the Golan Heights since seizing it from Syria in 1967, and has kept troops in a UN-patrolled buffer zone there since December

  • Trump weighs involvement as Israel launches fresh strikes on Iran

    The White House said Trump would receive an intelligence briefing on Thursday, a US holiday and top US diplomat Marco...

    As the war entered its seventh day, Israel's military said it was striking Tehran and other parts of Iran, but all eyes were on whether Washington would enter the fray

    Iran's supreme leader Khamenei meanwhile rejected Trump's demand for an "unconditional surrender", despite claims from the US leader that "Iran's got a lot of trouble."

  • Khamenei vows Iran will never surrender, warns US of ‘irreparable damage’

    Khamenei's speech came six days into the conflict, with US president Donald Trump saying he may or may not intervene...

    Khamenei, in power since 1989 and the final arbiter of all matters of state in Iran, had earlier vowed the country would show "no mercy" towards Israel's leaders.

    Israel's Defence Minister Israel Katz said air force jets had destroyed Iran's internal security headquarters after the army announced it was striking military targets in Tehran.

  • Gulf states on Iran’s doorstep scramble for end of war

    Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the...

    Peace and stability have been central to the rise of Gulf powers including Qatar, Saudi Arabia and the UAE, who are pivoting their economies towards business and tourism.

    Hoping to avert the crisis, Saudi Arabia has been talking to Iran and the United States since "day one", Ali Shihabi, an analyst close to the royal court.

  • MENA Brief | June 18: Oil calms after Trump’s threat rattles markets; UAE-Iran calls, Riyadh Air signs big Rolls-Royce deal

    Oil prices steadied Wednesday after Trump’s demand for Iran’s ‘unconditional surrender’ roiled markets and revived supply fears, as regional diplomacy...

    Oil surged over 4% Tuesday amid fears of US strikes on Iran after Trump’s comments but stabilised slightly Wednesday

    Analysts warn Iran could block the vital shipping lane if tensions escalate further; US refuelling jets reportedly en route to the region

  • Oil stabilises after surge, stocks drop as Middle East crisis fuels jitters

    Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which around an estimated fifth...

    Iran and Israel exchanged missiles for a sixth day, with the US president's latest comments appearing to dent hopes that the crisis in the Middle East could be calmed

    Of particular concern is the possibility of Iran shutting off the Strait of Hormuz, through which an fifth of global oil supply traverses, according to the Commerzbank note

  • Iran says hypersonic missiles fired at Israel as Trump demands ‘unconditional surrender’

    Despite international alarm, neither side has backed off from the long-range blitz that began Friday, when Israel launched an unprecedented...

    The US president insists Washington has played no part in ally Israel's bombing campaign, but also warned Iran his patience is wearing thin as the conflict enters a sixth day

    Israeli warplanes targeted the Iranian capital before dawn Wednesday after the military issued a warning on social media for civilians in an area known as District 18 to evacuate

  • Israeli army kills 53 Palestinians and injures 200 others near Gaza aid site

    "Israeli drones fired at the citizens. Some minutes later, Israeli tanks fired several shells at the citizens, which led to...

    Bassal said that four additional people were killed by Israeli fire Tuesday near the southern Gaza city of Rafah.

    In early March, Israel imposed a total aid blockade on the Gaza Strip amid an impasse in truce negotiations, only partially easing restrictions in late May.

  • Trump says wants ‘real end’ to Israel-Iran conflict, not ceasefire

    Trump said that he wanted a "complete give-up" by Iran in return for peace, without elaborating on the outcome he...

    On Tuesday, long queues stretched outside bakeries and petrol stations as the remaining residents rushed to stock up on fuel and basic supplies.

    Security checkpoints have been set up across Tehran, adding to the atmosphere of tension as authorities monitor movement in and out of key districts.

  • MENA brief Jun 17: ADNOC Drilling appoints new CEO, Riyadh up in startup ranking

    The DMCC Crypto Centre welcomed Bitcoin.com, which is setting up its first MENA office in Dubai. The Arab Coordination Group...

    Bahrain’s Central Bank reported a 188% oversubscription of its BD 70 million Treasury Bills, reflecting sustained investor confidence.

    In aviation, AviLease, the Saudi aircraft lessor, placed an order for up to 77 Airbus aircraft, including A320neo and A350F models.