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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.
  • Sanctions bore in on Russia over Ukraine invasion

    On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and...

    The first tranche will hit four Russian banks, cut off more than half of Russia's technology imports, and target several oligarchs

    Energy giant Gazprom and 12 other major companies will be barred from raising capital in Western financial markets

  • Federation of Saudi Chambers signs deal to host UN Global Compact

    The Federation of Saudi Chambers of Commerce signed an agreement to host the local network of the United Nations Global...

    This pact affirms Federation's role in realizing the importance of corporate sustainability in implementing the programs and initiatives of Saudi Vision 2030.

    It also covers the sustainable development goals of the UN through the Saudi private sector.

  • Russia says ready for talks if Ukraine ‘lays down arms’

    Russian Foreign Minister Sergei Lavrov told a press conference in Moscow that Russian President Vladimir Putin "took the decision to...

    The comment suggested that Moscow intends to overthrow the Ukrainian authorities with its invasion.

    Lavrov denied Ukrainian claims that Russian forces had hit civilian infrastructure, despite widespread evidence of residential areas being damaged.

  • Iraq unveils restoration at ancient city ravaged by IS

    Three monumental sculptures in the ancient city of Hatra were restored after being vandalized by the Islamic State group during...

    A Roman-style sculpture of a life-size figure and a series of reliefs of faces on the side of the great temple were among the restored pieces shown off to journalists.

    The restoration work at Hatra is being carried out by Iraqi experts in collaboration with Italy's International Association for Mediterranean and Oriental Studies.

  • Libya rival PM says cabinet line-up ready

    Libya's prospective prime minister, appointed by the war-torn country's parliament as it seeks to oust interim premier Abdulhamid Dbeibah, said...

    "Prime minister-designate Fathi Bashagha announces that his government is ready and will be presented to the House of Representatives" for a vote of confidence

    Libya's parliament had picked Bashagha earlier this month in a move against Dbeibah, whose rivals argue his mandate ended after elections set for December 24 were postponed

  • SWIFT: The Russia sanctions threat for Ukraine invasion

    Ukrainian President Volodymyr Zelensky called on world powers on Thursday to cut Russia off from SWIFT, after Russian forces invaded...

    Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication, actually doesn't handle any fund-transfers itself

    But its messaging system, developed in the 1970s, provides banks the means to communicate rapidly, securely, and inexpensively

  • European nations sign 7-bn-euro drone contract

    Baptised Eurodrone, the twin-motor aircraft with a 30-metre wingspan similar to some commercial planes, will be able to carry out...

    Baptised Eurodrone, the twin-motor aircraft with a 30-metre wingspan similar to some commercial planes, will be able to carry out intelligence-gathering and surveillance.

    The remotely-piloted 10-tonne drone, to be built by a consortium lead by Airbus, will be capable of operating for 20 hours and help provide round-the-clock surveillance

  • Egypt vows to look after stranded Russians, Ukrainians

    The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine.

    The decision followed a flurry of flight cancellations after Russia early Thursday sent troops across the border into Ukraine

    Flights from 11 airports in southern Russia and one airport in Moscow-annexed Crimea have been canceled, Russia's main aviation authority has said

  • North Africa-Europe migrant deaths at sea up 155%: UN

    The surge in deaths came alongside evidence of both increased arrivals in at least one key destination and rising interceptions.

    The central Mediterranean route, running from Tunisia and Libya to Italy and Malta, has claimed more than 18,000 migrant lives since 2014

    The Western Africa-Atlantic crossing to Spain's Canary Islands was the second most deadly during the first half of last year, with 250 fatalities

  • Russia invasion kills dozens on first day in Ukraine

    US President Joe Biden announced export controls against Russia to cut off more than half of the country's high-tech imports,...

    Across Ukraine, at least 137 "heroes" were killed after the first day of fighting, said President Volodymyr Zelensky

    He also called up conscripts and reservists nationwide to fight in a general mobilization, even as 100,000 people were displaced

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