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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.
  • Libya losing $60 million a day from oil facilities shutdown: Minister

    Oil is the lifeblood of the North African country trying to move past a decade of conflict since the fall...

    The Libyan closures follow the selection of a new PM, Fathi Bashagha, by Libya's eastern-based parliament in a direct challenge to Tripoli-based interim PM Abdulhamid Dbeibah.

    Analysts say eastern Libyan forces who back Bashagha have forced the closure of the oil facilities in a bid to press Dbeibah to step down.

  • Erdogan discusses Saudi-Turkish relations during his visit to oil kingdom

    Turkish President Recep Tayyip Erdogan met with Saudi Arabia's crown prince on Thursday to "develop" relations during his visit to...

    The pair "reviewed the Saudi-Turkish relations and ways to develop them in all fields," SPA reported

    Pictures published by Turkish state media also showed a separate sit-down with King Salman, the crown prince's father.

  • Tunisia must address democracy concerns for aid, says US

    “At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a...

    Tunisia has been seeking a loan package from the IMF, in which the US is the largest stakeholder

    The country is currently coping with an economic crisis aggravated by the Covid-19 pandemic

  • Saudi-led coalition to free 163 Yemen rebels for Eid

    The move came after a Houthi official called this week for both sides to release 200 prisoners before the coming...

    The Houthis took over Sanaa in 2014, prompting the Saudi-led military intervention to support the government the following year

    This effectively ignited a war that has caused what the United Nations has called the world's worst humanitarian crisis

  • Lebanon running out of passport stocks

    Authorities concerned say that since 2020, requests for passport renewals have been ten times higher than in previous years.

    Grappling with its worst-ever financial crisis, Lebanon has undergone a massive population exodus that is only worsening as politicians fail to chart a path towards recovery.

    According to an Arab Barometer survey published this month, around half of Lebanon's population is looking to exit the country.

  • Erdogan tells Putin ‘ready to do more’ to end Ukraine war

    Turkish President Recep Tayyip Erdogan told Russia's Vladimir Putin on Thursday that Ankara was ready to do more to end...

    Erdogan's office said that Putin "thanked" the Turkish leader for helping arrange the exchange of ex-Marine Trevor Reed for the former Russian pilot Konstantin Yaroshenko

    Turkey hosted a meeting between Russian and Ukrainian negotiators in Istanbul and another between Lavrov and Ukrainian counterpart Dmytro Kuleba in Antalya last month

  • US calls for ‘immediate’ end to Libya oil shutdowns

    Libya's reduced output also comes as global oil prices remain under pressure since Russia, an OPEC+ producer, invaded Ukraine in...

    Libya's output of oil have been halved to around 600,000 barrels per day because of the closing of several sites this month

    Eastern Libyan have forced the closure of oil facilities to force Tripoli-based premier Abdulhamid Dbeibah to step down

  • Algeria threatens to cut gas contract with Spain

    Gas giant Algeria threatened Wednesday to break a contract to supply gas to Spain if Madrid transferred it onwards to...

    Algeria, Africa's largest gas exporter, previously also supplied gas through a second GME (Gaz Maghreb Europe) pipeline, which links Spain to Algeria via Morocco

    But Algiers in November shut supply through the GME due to a diplomatic rupture with Rabat, depriving Morocco of Algerian gas

  • Turkey may still buy missile system from Russia

    NATO member Turkey said it was still talking to Russia about procuring the second batch of one of its most...

    Turkey's leading role in trying to mediate an end to the conflict through direct negotiations has helped to improve its relations with Washington

    Turkey is looking to modernize its airforce after being kicked out of the F-35 fighter jet program because of its purchase of the Russian missiles

  • Israel air strikes kill 10 in Syria, deadliest in 2022

    Israeli air strikes near Damascus on Wednesday killed 10 combatants, among them six Syrian soldiers, in the deadliest such raid...

    The Syrian Observatory for Human Rights said an ammunition depot and several positions linked to Iran's military presence in Syria were among the targets

    The other four killed were not members of the Syrian military but belonged to Iran-backed militia, Observatory chief Rami Abdel Rahman said, adding he could not verify their nation

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