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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.
  • Iran Guards say ship smuggling fuel seized in Gulf, 7 arrests

    Iran's Revolutionary Guards said Friday they seized another vessel smuggling fuel in the Gulf and arrested its seven crew members,...

    The incident comes in the wake of a wave of seizures of vessels in the sea lanes serving the Gulf, where a large portion of the world's oil is produced and shipped.

    Last week, Iran announced its seizure of a foreign boat carrying over 220,000 liters of smuggled fuel and the arrest of its 11 crew members, without giving further details.

  • Israel to top up shrinking Sea of Galilee with desalinated water

    Israel, a leader in making seawater drinkable, plans to pump excess output from its desalination plants into the Sea of...

    Irregular rainfall, rising temperatures and intensive pumping have overtaxed the world's lowest freshwater lake, which has served as the Jewish state's main sweetwater reservoir.

    Israel now plans to tackle the challenge by reversing the water flow through its vast network of pumps, pipes and tunnels dating to the 1960s, the National Water Carrier.

  • Iran begins production at centrifuge component workshop

    Iran has started making components for machines used to enrich uranium at a new workshop in Natanz, the country's main...

    The new workshop replaces a nuclear facility in Karaj, near Tehran, after an attack there last year, which Iran said was an act of sabotage

    World powers are negotiating to revive a 2015 landmark agreement to rein in Iran's nuclear activities in exchange for sanctions relief

  • More than 100 hurt in violence in Al-Aqsa compound

    More than 100 people were wounded Friday in clashes between Palestinian demonstrators and Israeli police at Jerusalem's Al-Aqsa mosque compound....

    The latest clashes come after three tense weeks of deadly violence in Israel and the occupied West Bank, and as Passover and Easter overlap with Ramadan

    The mosque compound is at the heart of the Israeli-Palestinian conflict, falling within Israeli-annexed east Jerusalem

  • France urges cooperation with Algeria after Russia-Ukraine crisis

    France and Algeria have been attempting to improve their ties after a diplomatic crisis.

    Algeria is a major exporter of natural gas, which covers over 11 percent of Europe's needs, compared to the 47 percent from Russia

    European countries have been trying to ramp up Algerian exports to reduce their reliance on Russia after it invades Ukraine

  • Swiss prosecutors probe Libyan gasoil ‘looting’

    "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014...

    "A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014 and 2015," Swiss state prosecutors said

    In an investigation published in March 2020, the NGOs Public Eye and TRIAL International accused Swiss traders Kolmar Group of being linked to the allegations

  • Iran urges Iraq against hosting ‘disruptive security presence’

    Iran president accused Iraq's Kurdistan region of "negligence", adding that Iran is closely monitoring the movements of Israel.

    Iran president accused Iraq's Kurdstan region of "negligence", adding that Iran is closely monitoring the movements of Israel.

    The Iranian president made the remarks in Tehran during a meeting with visiting Iraqi Foreign Minister Fuad Hussein

  • Russian flagship sinks after Kyiv claims missile hit

    Russia's Black Sea flagship sank on Thursday after an explosion and fire that Ukraine claimed was a successful missile strike,...

    "Given the choppy seas, the vessel sank," the Russian state news agency TASS quoted the ministry as saying

    On the Ukrainian side, Odessa military spokesman Sergey Bratchuk said the ship had been hit by domestic Neptune cruise missiles

  • European Space Agency cuts lunar mission cooperation with Russia

    The European Space Agency on Wednesday ended cooperation with Russia on three missions to the Moon due to Moscow's invasion...

    The ESA had planned to have a navigation camera called Pilot-D on the Luna-25 probe, whose launch is scheduled for this summer

    The ESA is looking for other options and partners to test the technology that would have formed part of the Russian missions.

  • Lebanon to demolish blast-hit Beirut silos

    Once boasting a capacity of more than 100,000 tons, the imposing 48-meter (157-foot) high structure has become emblematic of the...

    Last year, Swiss company Amann Engineering also called for their demolition, saying the most damaged of the silos were tilting at a rate of two millimeters per day.

    Authorities say the blast was caused by a shipment of ammonium nitrate fertilizer, that caught fire after being impounded for years on end in haphazard conditions.

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