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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.
  • Jordan king, in phone call, discusses ties with Saudi crown prince

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company

    The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

  • EU split over Russia oil sanctions in face of ‘war crime’

    The EU foreign and defense ministers meeting in Brussels did give the green light to doubling a financial package for...

    The EU foreign and defense ministers meeting in Brussels did give the green light to doubling a financial package for arms to Ukraine to 1 billion euros

    EU and Western allies have unleashed a barrage of sanctions that have battered the Russian economy as they look to punish President Vladimir Putin for invading his neighbor

  • Russian oligarch Abramovich’s superyacht docks in Turkey

    Abramovich was among the individuals listed under new sanctions adopted by the European Union last week.

    Abramovich was among the individuals listed under new sanctions adopted by the European Union last week

    Western nations are impounding such assets with links to wealthy Russians as part of efforts to pressure President Vladimir Putin over his invasion of Ukraine

  • Kuwait, KSA agree on plan to develop joint offshore gas field

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

    The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company

    The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

  • Biden tells US businesses to ‘harden’ defenses against Russia cyber threat

    Biden cited "evolving intelligence that the Russian government is exploring options for potential cyberattacks."

    Biden cited "evolving intelligence that the Russian government is exploring options for potential cyberattacks."

    Biden said the US government would "continue to use every tool to deter, disrupt, and if necessary, respond to cyberattacks against critical infrastructure."

  • Zelensky rules out surrender, presses Putin for talks

    "Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."

    "Ukraine cannot fulfil Russian ultimatums," Zelensky said. "We should be destroyed first."

    Moscow has meanwhile ramped up its air and sea operations, flying 300 sorties in the past 24 hours

  • Oil prices soar on Saudi, Russian supply fears

    Oil prices soared Monday as a weekend attack on Saudi facilities and discussions among European Union members over banning Russian...

    At a meeting Monday, EU nations remained split over banning Russian energy imports, with Germany, reluctant given its huge reliance on Russian gas.

    Kremlin spokesman Dmitry Peskov warned that an oil embargo "is a decision that will hit everyone."

  • Untapped groundwater offers ‘vast potential’: UNESCO report

    UNESCO stated that about 99 percent of all of the liquid groundwater on Earth is groundwater, although the resource is...

    Water consumption is expected to increase by one percent annually over the next 30 years, UNESCO said, driven by population growth and demand from industry and agriculture.

    Groundwater currently constitutes about 50 percent of the water withdrawn for domestic use worldwide, and 25 percent of the volume used for irrigation.

  • Lebanon central bank chief charged with enrichment, money laundering

    A Lebanese judge Monday charged central bank chief Riad Salameh with "illicit enrichment" and money laundering after he failed to...

    Central Bank chief Riad Salameh's brother Raja was charged with "facilitating money laundering" after he was arrested last week over financial misconduct.

    The judge is overseeing several legal cases against the central bank governor, who has repeatedly failed to show up at hearings.

  • Egypt and Saudi Arabia to boost bilateral economic cooperation

    Hala Al-Saeed, Egypt’s minister of planning and economic development, discussed ways to enhance future cooperation between Egypt and Saudi Arabia...

    A discussion was held between Egypt's minister of planning and Saudi Arabia's minister of trade.

    The minister of Egypt stressed her keenness to consolidate relations between the Egyptian and Saudi business communities.

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