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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.
  • Iran Guards unveil missile said to put Israel within reach

    The missile has a range of 1,450 kilometers (about 900 miles), runs on solid fuel, and is capable of penetrating...

    The International Institute for Strategic Studies says Iran has about 20 types of ballistic missiles as well as cruise missiles and drones

    Their capabilities vary, with the Qiam-1 having a range of 800 kilometers and the Ghadr-1 able to reach 1,800 kilometers

  • UN panel wraps up after Iraq pays $52.4bn for Kuwait invasion

    A UN commission set up to obtain reparations from Iraq over the country's 1990 invasion of Kuwait submitted its final...

    Iraq's Saddam Hussein ordered his army to invade Kuwait and seize what he described as "Iraq's 19th province" on August 2, 1990

    The recipients of the war reparations included private individuals, companies, government organisations and other groups that suffered losses

  • Iran develops a missile that can reach up to Israel

    Iran's Islamic Revolutionary Guard Corps on Wednesday announced the development of a surface-to-surface missile whose stated range would put arch...

    The missile was named the Khaybarchekan after a victorious battle fought by the Prophet Mohammed in the seventh century

    Armed forces chief of staff Mohammad Bagheri described it as a strategic, "long-range" missile

  • Qatar to host gas exporters summit as Ukraine crisis simmers

    The US has sought the help of its close ally Qatar in providing emergency supplies if pipelines to Western Europe...

    Russia, Iran and Qatar are key members of the forum. Two other exporters, the US and Australia, are not part of the group.

    The GECF says its 11 members and seven associate countries account for 70 percent of proven gas reserves and 51 percent of global liquefied natural gas exports.

  • Israel says Syria fired anti-aircraft missile during reported Israeli strike

    Syrian state television reported an Israeli strike around Damascus.

    Syrian state television reported an Israeli strike around Damascus

    Israel has not confirmed it carried out any missile strike against Syria

  • DEWA first in the world to win 8 stars in EFQM Innovation Lens

    Dubai Electricity and Water Authority (DEWA) has achieved 8 stars level in the European Foundation for Quality Management (EFQM) Innovation...

    DEWA achieved a score of 800 on this award that measures innovation culture and its role in achieving results in leading organizations worldwide.

    DEWA made many achievements in the field of excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.

  • UAE and Belgium look to boost security ties

    The UAE and Belgium have signed a memorandum of understanding (MoU) in order to strengthen cooperation in the fields of...

    The UAE was represented by Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior

    The memorandum is aimed at stepping up joint cooperation between the two countries, developing bilateral relations in the security and police fields

  • Israel PM vows action as police Pegasus spying scandal widens

    The latest bombshell from business daily Calcalist alleged that Pegasus was used against a son of former premier Benjamin Netanyahu...

    Calcalist had previously reported that the controversial malware was used by police against leaders of an anti-Netanyahu protest movement.

    Pegasus is at the center of a months-long international scandal following revelations that it was used by governments worldwide to spy on activists, politicians, journalists.

  • Libya searches for a candidate to replace interim PM

    Libya's parliament on Monday began hearings of hopefuls to replace interim prime minister Abdulhamid Dbeibah, a process that could spark...

    Dbeibah's government took power a year ago with a mandate to lead Libya to December elections aimed at dragging the country out of a decade of conflict

    Libya has seen a decade of conflict since the 2011 revolt that toppled dictator Moamer Kadhafi, leaving a patchwork of militias vying for control over an oil-rich country

  • US to help UAE stop drone attacks

    This comes amid recent attacks on the UAE by Houthi rebels from Yemen, which have prompted global condemnation.

    General Kenneth F McKenzie, head of the US Central Command is on an official visit to the UAE

    He said the US was working with the UAE to develop more effective solutions to stop drone attacks

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