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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 says preliminary deal reached on frozen funds abroad

    Tens of billions of dollars in Iranian money were blocked in many countries including China, South Korea and Japan.

    Delegations from concerned countries met Iran's foreign minister to discuss the deal to release its funds frozen in foreign bank

    In January 2022, Iran urged South Korea to unlock its funds and not to wait for the results of the Vienna talks

  • Biden gives ‘crime scene’ Ukraine $800m to hold off Russia

    US President Joe Biden announced an $800 million military aid package for Ukraine on Wednesday as international prosecutors declared the...

    Biden has accused President Vladimir Putin of genocide -- a claim dismissed as "unacceptable" by the Kremlin

    The Pentagon says it has been looking to provide Ukraine with weapons that would "give them a little more range and distance"

  • Morocco holds Bulgarians, Iranians in ‘trafficking’ probe

    The Iranians were caught trying to reach Spain with fake documents "according to a criminal modus operandi."

    The Iranians were held trying to reach Spain with fake documents "according to a criminal modus operandi."

    The Bulgarians allegedly were involved in planning the illegal immigration attempt

  • Saudi, Kuwait to develop gas field despite Iran complaint

    Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations,...

    The two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field

    Tehran had earlier said that the deal contravened "previously held negotiations", adding that it "reserves its right to exploit" the field

  • Saudi organizations launch program to support Yemeni medical facilities

    The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of...

    The assistance is in the form of 30 ambulances and highly equipped urgent response vehicles.

    This announcement was made during the signing of a memorandum of cooperation between SDRPY and the SRCA, in Riyadh.

  • Saudi Arabia pledges support to Lebanon in ‘tough times’

    The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.'...

    The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today

    Al-Bukhari briefed President Aoun on the working mechanism of the Saudi-French joint Fund, allocated to humanitarian aid

  • IEA lowers world oil demand outlook on China lockdowns

    Russian oil supply, meanwhile, is expected to continue to fall in April by 1.5 million barrels per day amid its...

    Rich countries have agreed to tap an additional 120 million barrels of oil from emergency reserves, with half from the United States.

    Prices fell below $100 in recent days as severe lockdowns in Shanghai raised concerns that crude demand from China would fall.

  • Ukraine crisis pushes US inflation to new four-decade high

    "The Russia-Ukraine war has added further fuel to the blazing rate of inflation," Kathy Bostjancic of Oxford Economics said.

    Consumer price index has hit 8.5 percent over the 12 months to March, considered the biggest jump in last 4 decades

    Central bank Governor said that fall of Ukraine war "probably skews risks to the upside in inflation"

  • Qatar, UK ink pact on food safety, environmental health

    Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety...

    Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety in Qatar

    It provides a framework for enhanced cooperation in food safety research, particularly food contaminant and risk management analyses

  • Biden accuses Putin’s forces of ‘genocide’ in Ukraine

    President Joe Biden for the first time Tuesday accused Vladimir Putin's forces of committing genocide in Ukraine, where Russia was...

    "Yes, I called it genocide," Biden told reporters, hours after employing the term during a speech in Iowa -- its first use by a member of his administration

    Biden's accusation came as Moscow was feared to be readying a massive onslaught across Ukraine's east that Washington warned might involve chemical weapons

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