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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 parliament demands to end ‘golden passport’

    The Parliament has asked member states to ban Russian applications of 'golden passport' as Russian in particular benefit from these...

    MEPs have voted for a non-binding Bill against granting citizenship on financial grounds

    Lawmakers in EU parliament have also demanded EU-wide rules on "golden visas"

  • Britain urges all G7 members to ban Russia oil imports

    The US has led a Western assault on Russia's economic lifeline by banning imports of oil and gas followed by...

    The British foreign secretary, standing alongside US Secretary of State Antony Blinken, hailed transatlantic unity against Russia

    Blinken called absurd and offensive the Russia proposal of safe passage of Ukrainians through its own territory

  • Turkey hosts peace talk between Russia and Ukraine

    Russia's foreign ministry confirmed that Lavrov would be attending the meeting on the sidelines of a diplomatic forum organized by...

    Recep Tayyip Erdogan has pushed Turkey to play a mediation role between Russia and Ukraine to initiate peace talk

    Erdogan has called Russia's invasion of neighboring Ukraine 'unacceptable', but at it did not emulate Western sanctions

  • US tells oil majors it needs more supply

    The surge in energy costs is a consequence of Russia's invasion of Ukraine, which prompted Washington and its European allies...

    Oil prices are in the midst of the recovery from the Covid-19 pandemic, which has caused demand to collapse

    The prices have now surged, contributing to a wave of inflation that has damaged Biden's approval ratings

  • UAE says will urge OPEC to boost oil output

    Brent had spiked to $139 on Monday — about $8 short of an all-time record — in expectation of the...

    US President Joe Biden on Tuesday announced a ban on US imports of Russian oil and gas

    Meanwhile, Britain said it would phase out crude imports from the country by the end of 2022

  • Israel and Turkey hail new era after years of broken ties

    Relations between the two countries were frozen after the death of 10 civilians following an Israeli raid on the Turkish Mavi...

    A 2016 reconciliation agreement that saw the return of ambassadors all but collapsed in 2018 in the wake of Gaza border clashes that killed dozens of Palestinians.

    After the 2018 Gaza bloodshed, Turkey recalled its diplomats and ordered Israel's envoy out of the country.

  • How Russian ‘safe corridors’ worked in bitter Syria war

    Russia's offer of "humanitarian corridors" for civilians to flee the Ukrainian cities it has besieged is a well-tried approach Moscow adopted...

    In those evacuations, Russia backed Syria's regime in pummelling rebel-held enclaves, before it brokered "safe corridors" and exit deals for civilians

    Russia entered Syria's war in 2015 on the side of President Bashar al-Assad's regime, overseeing controversial evacuations of more than 200,000 people

  • Drone threat puts air defense at centerstage of Saudi defense show

    Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows...

    Around 600 companies from about 40 countries showed off the latest military technology at the World Defense Show in Riyadh. 

    The General Authority for Military Industries, which oversees the Saudi defense industry, has made 22 deals with national and international enterprises worth some $2bn.

  • Kyrgyzstan and Ras Al Khaimah to expand cooperation in investment, trade

    Kyrgyzstan and the UAE have discussed enhancing the investment and trade cooperation between the two sides. Mohamed Ali Musabbeh Al...

    Both sides agreed at a meeting to organize a business visit by a delegation from the chamber to Kyrgyzstan.

    The meeting also discussed several projects and investment opportunities that will increase the trade exchange between Kyrgyzstan and Ras Al Khaimah.

  • UN chief warns pandemic not over, decries vaccine inequality

    The pandemic’s most tragic toll has been on the health and lives of millions, with more than 446 million cases...

    Guterres noted that while 1.5bn shots are produced monthly, nearly 3 billion people are still waiting for their first shot.

    This failure is the direct result of policy and budgetary decisions that prioritize the health of people in wealthy countries over the health of people in poor countries, he said.

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