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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.
  • Sanctions hit Russia, Iran to boost cooperation in energy and trade

    Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister...

    Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West.

    The two countries vowed to increase the use of their national currencies in their trade exchange.

  • Saudi authorities foil bid to smuggle amphetamine tablets: Official

    Saudi Arabian authorities said Wednesday that they thwarted an attempt to smuggle 403, 000 amphetamine tablets into the kingdom. An...

    The tablets were seized from a Syrian national, who is also a citizen of Jeddah governorate.

    All the tablets were hidden inside a shipment of beans in plastic molds in the form of bean pods.

  • Seeking new start, Russian professionals set up shop in Dubai

    Entrepreneurs, lawyers and art dealers are among those flocking to the financial hub in the oil-rich United Arab Emirates, which...

    They are attracted by the ease of setting up a business, and the prospect of better opportunities as sanctions bite at home -- and a more welcoming environment.

    The city, with its luxury hotels and tourist facilities, is well known to Russians as a high-end destination for the wealthy, particularly those interested in real estate.

  • Pfizer offers to sell medicines at cost to poorest countries

    US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world's...

    The announcement came as part of a new initiative, An Accord for a Healthier World, announced at the World Economic Forum in Davos.

    The accord focuses on five areas: infectious diseases, cancer, inflammation, rare diseases and women's health -- where Pfizer currently holds 23 patents.

  • Iraqi arrested in plot to kill ex-president Bush

    Shihab Ahmed Shihab, 52, told an FBI informant that he wanted to smuggle at least four other Iraqis into the...

    Shihab Ahmed Shihab, 52, told an FBI informant that he wanted to smuggle at least four other Iraqis into the country over the border with Mexico to undertake the plot

    He was was arrested early Tuesday and was charged in federal court with an immigration crime and aiding and abetting the attempted murder of a former US official

  • US warns Turkey against new Syria offensive

    The United States on Tuesday warned Turkey against launching a new military operation in northern Syria, saying the uneasy NATO...

    "We are deeply concerned about reports and discussions of potential increased military activity in northern Syria," State Department spokesman Ned Price told reporters

    Turkey has launched three offensives into Syria since 2016 aimed at crushing Syrian Kurdish fighters who assisted the US-led campaign against the Islamic State group

  • Aggrieved workers drop lawsuit against Bangladeshi Nobel laureate

    More than 100 lawsuits had been filed against GT by workers, along with three contempt-of-court charges against Yunus and another...

    Grameen Telecom (GT) and its senior managers were sued by workers who claimed the company had unfairly deprived them of profit shares.

    Lawyers for GT proposed the settlement after workers lodged an application to dissolve the company in the country's High Court.

  • Global issues slowing down labor market recovery: ILO

    Labor incomes have not yet recovered for the majority of workers. In 2021, three in five workers lived in countries...

    The sharp rise in vacancies in advanced economies led to a tightening of labor markets with a growing number of jobs available relative to job seekers.

    But, it dropped in Q1 2022 to 3.8 percent below pre crisis benchmark (Q4 2019), amounting to a deficit of 112 million full-time jobs.

  • UAE firm inks airport deal as Afghanistan eyes international flights

    A United Arab Emirates company signed a contract with the Taliban authorities Tuesday to provide ground handling services at Afghanistan's...

    UAE firm GAAC, which was previously operating in Afghanistan, signed a new 18-month contract covering three airports: Kabul, Kandahar and Herat.

    GAAC has provided ground handling services at Kabul airport since November 2020, and played a key role in rehabilitating the facility in August.

  • Duda: Fighting Russia Ukraine’s ‘national choice’

    The Polish president warned of a crisis if Ukraine is unable to export grains to North Africa and other countries....

    The WEF panel discussion, The Geopolitical Outlook, at Davos focused on what would the long-term consequences be for the world's great powers and smaller states in their regions.

    Prince Faisal bin Farhan Al Saud, for his part, stated that cooperation and dialogue are essential in confronting all regional and global issues.

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