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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.
  • Facebook allows calls for violence against ‘Russian invaders’

    Facebook has temporarily eased its policy on violent speech after Moscow's invasion of Ukraine, allowing statements like "death to Russian...

    Besides unprecedented sanctions, Russia's invasion of Ukraine has also led to a surge of online anger and debates.

    The policy decision from Facebook and Instagram's parent Meta was met immediately with controversy, but the social media giant defended its change.

  • Saudi Arabia rescued 2 US women from Houthi rebels in Yemen

    The women were evacuated to the Saudi capital Riyadh, where they were met by US officials and received health checks.

    The young women were ‘mistreated and had restrictions imposed on their movements’

    They were visiting relatives in Sanaa, which was seized by Iran-backed Houthi rebels in 2014

  • IMF expects to cut global growth forecast due to Ukraine war

    The IMF in January cut the global growth forecast for 2022 to 4.4 percent due to the Omicron variant of...

    Russia’s invasion of Ukraine, and sanctions that include a US ban on Russian oil imports, are spilling over to the global economy

    These are causing costs for energy and other key commodities like wheat, fertilizers and metals to surge, the IMF has said

  • Russia, Ukraine fail to make progress at ‘difficult’ Turkey talks

    Russia and Ukraine on Thursday failed to find a breakthrough on a ceasefire and other humanitarian issues at the first...

    Kuleba said "no progress" had been achieved on even a 24-hour ceasefire, expressing frustration that "it seems that there are other decision-makers for this matter in Russia."

    He also repeated his vow that the country will not give in, saying "I want to repeat that Ukraine has not surrendered, does not surrender, and will not surrender."

  • Iran says US made ‘new demands’ in nuclear talks

    Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return...

    Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic programme

    Iran's supreme leader Ayatollah Ali Khamenei, who has the final say in major state policies, meanwhile, stressed his country will not give up on elements of "national strength"

  • UAE reaffirms commitment to OPEC+ pact, production adjustments

    The United Arab Emirates on Thursday reaffirmed its commitment to OPEC+ alliance agreements, a day after an envoy said it...

    A surge in prices and supply fears following Russia's invasion of Ukraine have led to calls for the Organization of the Petroleum Exporting Countries to increase output.

    The OPEC+ group plans to boost production by just 400,000 barrels a day in April, the same pace as in recent months.

  • UN tribunal convicts two in 2005 killing of former Lebanon PM Hariri

    A UN-backed tribunal on Thursday found two Hezbollah members guilty on appeal for the 2005 death of former Lebanese prime...

    Appeals judges at the Netherlands-based court said trial judges "erred" in 2020 by acquitting the two men---Hassan Habib Merhi and Hussein Oneissi.

    Hassan Nasrallah, the head of the Hezbollah movement, refused to hand over any of the suspects or to recognize the UN-backed court.

  • Iran blames US for working to ‘complicate’ nuclear talks

    Iran on Thursday accused the United States of working to "complicate" efforts to restore a 2015 nuclear deal, after new...

    It came on the day Iran's supreme leader Ayatollah Ali Khamenei stressed that his country will not give up on elements of "national strength"

    Tehran is locked in negotiations with world powers to revive the nuclear deal that offered it sanctions relief in return for curbs on its atomic program

  • Russia accuses US of funding biological weapons research in Ukraine

    Russia on Thursday accused the US of funding research into the development of biological weapons in Ukraine, as Moscow stepped...

    Russian defense ministry said that "the purpose of this was to establish a mechanism for the stealthy spread of deadly pathogens

    Both Washington and Kyiv have denied the existence of laboratories intended to produce biological weapons in the country

  • Ukraine war affects green energy transition

    The EU, IEA, and NGOs stress that the development of renewable energy sources and biogas must be accelerated.

    The global demand for the dirty fossil fuel reached a historic high in 2021 as several countries including China prefer it to pricier gas

    Some countries could burn coal for longer, using it to transition to renewable energy sources without passing through a gas-power phase

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