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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 approves Russia coal embargo, proposes more arms to Ukraine

    The European Union on Thursday said it had approved an embargo on Russian coal and the closing of the bloc's...

    That package also includes a 10 billion euro ($10.9 billion) ban on exports to Russia, including high-tech goods, and the freezing of several Russian banks' assets

    The EU also backed a proposal to boost its funding of arms supplies to Ukraine by 500 million euros, taking it to a total of 1.5 billion euros

  • Spain’s Sanchez visits Morocco as tensions ease

    The move came after Madrid reversed decades of neutrality on the Western Sahara conflict in a U-turn that has angered...

    Morocco lays claim to the Western Sahara as an integral part of it and sees it as a sensitive issue of security and national pride

    The desert territory boasts rich Atlantic fishing waters, phosphate resources and a route to lucrative markets in West Africa

  • Yemen president cedes powers to council as ceasefire holds

    Houthi spokesman Mohammed Abdulsalam dismissed the move by President Abedrabbo Mansour Hadi as ‘a desperate attempt to rearrange the ranks...

    A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis

    The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory

  • Saudi sending envoy to Lebanon after Yemen war spat: State media

    A diplomatic crisis broke out last October after the then-information minister George Kordahi was quoted criticizing the Saudi role in...

    The diplomatic row, which has also seen Saudi Arabia ban the imports of Lebanese goods, was a blow to a country already in the grip of economic crisis.

    We stress the fact that Lebanon is proud of its Arab allegiance and is adamant on maintaining the best ties with Gulf nations, PM Najib Mikati tweeted.

  • IMF reaches agreement on $3 billion deal for Lebanon

    The country has been battered by triple-digit inflation, soaring poverty rates, and the collapse of its currency since a 2020...

    PM Najib Mikati said the deal is "a visa stamp for donor countries to begin co-operating with Lebanon and to put Lebanon back on the global finance map".

    The aid would be released only after the parliament in Beirut approves a 2022 budget and a new bank secrecy law to fight corruption.

  • EU court rules in favor of Mubarak family on assets freeze

    The European Court of Justice ruled Wednesday in favor of the family of late Egyptian president Hosni Mubarak and confirmed...

    The European Union had decided in March last year to end sanctions it had imposed on Mubarak, his wife, two sons and their wives.

    The sanctions included a freeze on assets held in the EU and a ban on any citizens or entities from the 27-nation bloc making funding available to those on the blacklist.

  • Dangerous stray dogs pose culling dilemma in North African cities

    Authorities opened an inquest Friday into the death of a 16-year-old girl after she was mauled as she walked to...

    A similar tragedy struck in neighboring Algeria last month, when a 12-year-old was killed and half-eaten by dogs in the Blida area.

    Many stray dogs in the Maghreb region pose an additional threat: rabies, a virus that attacks the central nervous system and leads to a painful death.

  • Civilians try to flee east Ukraine as Russia prepares attack

    More than 11 million people in Ukraine have been displaced since Russia invaded on February 24, aiming to seize the...

    Russian troops have been withdrawing from around the capital and Ukraine's north, leaving a trail of destruction behind them

    The scenes of carnage left behind by retreating troops in towns like Bucha have led to a wave of fresh sanctions against Moscow

  • Yemen president transfers power to leadership council

    In a major shake-up in the coalition battling Houthi rebels, Yemen's president Abedrabbo Mansour Hadi has formed a new council...

    A United Nations-brokered truce that started on Saturday has offered a glimmer of hope in the conflict amid the humanitarian crisis

    The truce came as peace talks were unfolding in Riyadh without the participation of the Houthis, who refused talks on ‘enemy’ territory

  • Three rockets land near oil refinery in northern Iraq

    It comes less than a month after Iran's Revolutionary Guards claimed an assault on Arbil that it said targeted an...

    The rockets fell near the Kawergosk refinery, one of the largest in oil-rich Kurdistan

    The refinery is located about 20 kilometers (12 miles) northwest of regional capital Arbil

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