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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.
  • Environment Agency says 60 sq km of UAE’s marine critical habitats protected

    Environmental assessment and permitting operations carried out by the Environment Agency – Abu Dhabi (EAD) in 2021 reveal that 60...

    This is in addition to a reduction of more than 2800cum of toxic waste from drilling operations, and a 99 percent reduction in air pollutants emissions from the fluorine industry.

    EAD has also completed permitting the commissioning of clean energy projects that save about 11 million tons of carbon emissions per year.

  • UK court orders Assange’s extradition to US for trial

    A UK court on Wednesday issued a formal order to extradite WikiLeaks founder Julian Assange to the United States to...

    The ruling Wednesday by a magistrate in central London brings the long-running legal saga in the UK courts closer to a conclusion

    Washington wants to put him on trial in connection with the publication of 500,000 secret military files relating to the US-led wars in Iraq and Afghanistan

  • Italy looks to Africa for gas to end Russia dependence

    Meanwhile, Italy is also looking into buying or renting two floating storage and regasification units (FSRU) to allow it to...

    Italy is one of Europe's biggest guzzlers of gas, which currently represents 42 percent of its energy consumption, and it imports 95 percent of the gas it uses

    The government hopes to reduce those imports by accelerating the investment in renewables and has vowed to cut red tape on wind and solar farms

  • Blinken urges Israel, Palestinians to ‘end cycle of violence’

    US Secretary of State Antony Blinken has called on Israel and Palestinians to “end the cycle of violence”, amid rising...

    Recent tensions have centred on the Al Aqsa Mosque compound, Islam's third-holiest site, in Jerusalem's Old City

    Mr Blinken told Mr Lapid of the US government's “steadfast commitment” to Israel's security and condemned recent rocket attacks from Gaza

  • Yemen: New leadership council takes office in bid to end war

    The newly formed, eight-man leadership council performed a largely symbolic swearing-in in Aden in front of members of a parliament...

    The newly formed, eight-man leadership council performed a largely symbolic swearing-in in Aden in front of members of a parliament elected in 2003.

    Yemen’s President Abed Rabbo Mansour Hadi handed over his “full powers” to the new council in a televised address on April 7

  • Oil stabilizes after big drop on IMF growth cut

    Asian markets were flat on Wednesday as oil began clawing its way back up from a big drop after the...

    Energy prices are surging, debt levels are rising and shortages remain acute, the IMF noted.

    Multiple crises including the Ukraine war and coronavirus pandemic fuel an acceleration of inflation

  • Europe energy market: Will Qatar replace Russia?

    The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...

    Qatar gas exports account for about 106 billion cubic meters, with 80 percent going to Asia and 20 percent to Europe

    Qatar could cover around 13 percent of Russian gas imports to the European Union and the United Kingdom

  • Extreme climate changes could disturb global development, warns WGS

    The report said that the climate state is rapidly aggravating poverty and instability, and is likely to amplify the economic...

    A joint report has been published by World Government Summit Organization (WGS) and consultancy firm PricewaterhouseCoopers.

    The report said that the climate state is rapidly aggravating poverty and instability, and is likely to amplify the economic burden on governments struggling to manage COVID-19.

  • Libya’s energy sector paralyzed as second oil export terminal is shut

    The suspension of operations at Brega terminal, which has an export capacity of 60,000 barrels per day, follows a force...

    Force majeure, a legal move, allows parties to free themselves from contractual obligations when factors such as fighting make meeting them impossible.

    Oil installations have often been attacked or blockaded by armed groups who hold sway in Libya.

  • Biden has ‘no plans’ to visit Ukraine: W.House

    A string of European leaders have made the trip to Kyiv and met with Zelensky.

    A string of European leaders have made the trip to Kyiv and met with Zelensky

    Zelensky said: "I think he's (Biden) the the leader of the US and that's why he should come here to see."

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