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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.
  • EU members seek opt-outs from Russian oil embargo

    European officials were preparing a new package of sanctions Tuesday to punish Russia for its invasion of Ukraine, but some...

    Ambassadors from the 27 EU countries will meet on Wednesday to give the plan a once-over

    The commission's proposal would phase in a ban on oil imports from Russia over six to eight months

  • Sanction-hit Russian carmaker asks Iran for spare parts: Report

    A Russian carmaker has asked Iran to supply it with key components it cannot access due to Western sanctions imposed...

    Some Iranian car components, including engine cooling and suspension systems, have already been exported to Russia in recent years.

    Iran has also suffered under stringent economic sanctions, reimposed by the United States in 2018 after Washington unilaterally pulled out of a deal with world powers.

  • UN calls for end of stalemate in Iraq

    The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all...

    The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all Iraqis

    The UN mission urged political leaders in Iraq to assume their responsibilities and expedite the process of forming the government

  • European Union readies for end of Russia gas, warns won’t pay in ruble

    The European Union warned member states Monday to prepare for a possible complete breakdown in gas supplies from Russia, insisting...

    Germany's minister for economic affairs and climate Robert Habeck said Berlin would follow EU policy

    The anti-Russian measures will also target the country's largest bank, Sberbank, which will be excluded from the international SWIFT messaging system

  • Iran oil minister meets Venezuela President amid rising oil prices

    The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.

    Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices

    In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes

  • Nigeria says seeking funding for gas pipeline to Morocco

    Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North...

    OPEC member Nigeria has huge gas resources - the largest proven reserves in Africa and the seventh largest globally

    Fellow OPEC member Algeria, Africa's largest gas exporter, said recently it was ready to supply Europe with more gas

  • Russia steps up Ukraine fight as EU braces for gas paucity

    The United States has been warning that Russia is preparing to formally annex regions in Ukraine’s east, while the European...

    Russia's Foreign Minister Sergei Lavrov has meanwhile sparked outrage by alleging Adolf Hitler may have ‘had Jewish blood’

    This has invoked a conspiracy theory in a bid to discredit Ukraine's President Volodymyr Zelensky — who is of Jewish ancestry

  • European Union shores up defense against Russia energy threats

    European Union ministers met Monday to respond to Russia cutting gas supplies to Poland and Bulgaria -- and discuss plans...

    Energy ministers from 27 member states were coordinating efforts to counter what Brussels has branded the Kremlin's bid to "blackmail" the West with threatened energy shortages.

    The EU is also working on a phased ban on Russian oil imports, hoping to cut off funding for its war effort and assert energy independence from Moscow.

  • KSA not to be blamed for high US energy prices: Turki Al-Faisal

    A former Saudi intelligence head has insisted that the kingdom should not be held responsible for the rising energy costs...

    Following the invasion of Ukraine, oil prices have dramatically surged in the market

    Amid the price hike, the Biden administration has been urging Saudi Arabia to increase its oil output, and it has placed a strain on the relationship between the two countries

  • Tunisia proposes national dialogue, excluding opposition

    Tunisian President Kais Saied has announced the launch of "national dialogue" to help resolve a political crisis following his controversial...

    Saied, a former law professor elected in 2019 amid public anger against the political class in the North African nation, sacked the government on July 25 last year

    In a speech late Sunday, Saied said a commission would manage "the national dialogue", a measure demanded repeatedly by the G7 nations and European Union

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