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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.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • OPEC expects robust oil demand in 2022 to overcome Omicron threat

    Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus...

    The Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global economic recovery.

    European crude benchmark Brent North Sea reached $88.13 per barrel, while US contract WTI hit $85.74 -- the highest levels since October 2014.

  • 11 die in air-strikes on Yemen, a day after Abu Dhabi attack

    Eleven people were killed in air strikes on Yemen's rebel-held capital, a witness and medical sources told AFP on Tuesday,...

    Residents were combing the rubble for survivors after the strikes leveled two houses in Sanaa

    The UAE, part of the Saudi-led coalition fighting the Iran-backed rebels, had vowed a tough response to Monday's attack

  • Putin to host Iran’s President Ebrahim Raisi in Moscow on Wednesday

    Russian President Vladimir Putin will host his Iranian counterpart Ebrahim Raisi in Moscow on Wednesday, the Kremlin said, amid talks aimed at...

    The meeting will be Raisi's most important official visit abroad since he took office, and the first visit by an Iranian president to Russia since 2017. 

    Moscow and Tehran have strong political, economic and military ties, and are key allies of Syrian President Bashar al-Assad in his country's decade-long civil war.

  • Russia condemns Houthi drone attack on UAE

    The Russian Federation Parliament (State Duma) has strongly condemned the Houthi militia attack targeting civil facilities in the UAE yesterday.

    Leonid Slutsky, Chairman of the State Duma Committee on International Affairs, said, in a statement on the RT TV network, that the Russian parliament strongly condemns the attack

    He added that the attack is especially heinous due to the fact that Abu Dhabi has been implementing a policy to promote peace and stability in the region

  • Abu Dhabi’s Blue Carbon Project to check emissions, climate change: EAD

    Abu Dhabi's Blue Carbon Project is a promising initiative to prevent increased carbon emissions caused by the destruction of ecosystems,...

    Blue Carbon refers to the ability of coastal vegetation to store carbon and if this vegetation is destroyed, buried carbon could be released into atmosphere.

    Blue carbon ecosystems, which include mangrove forests, salt marshes, and seagrass beds, store and sequester carbon in biomass and sediments

  • Bahrain private sector keen to strengthen trade ties with Saudi: BCCI chairman

    BCCI chief reviewed ways to further increase the volume of bilateral trade

    Chairman Sameer bin Abdulla Nass appreciated the 'depth and solidity' of the Bahraini-Saudi economic and investment relations.

    Nass praised the role played by Saudi Arabia to enhance the progress and prosperity of the people of GCC.

  • US vows to hold Houthi rebels accountable for UAE attack

    The United Arab Emirates of which Abu Dhabi is the capital is part of a Riyadh-led military coalition that supports...

    The US expressed condolences to the victim families and reiterated their unwavering commitment to the UAE's security

    The Houthis have claimed responsibility for Monday’s attack which was the first deadly assault acknowledged by the UAE

  • UNHCR partners with Qatari climber for refugee welfare

    The UNHCR announced the partnership with Qatari athlete Sheikha Asma Al-Thani in a statement on its official website.

    The UN refugee agency partnered with Sheikha Asma Al-Thani to raise awareness on the plight of refugees

    She is also expected to help the agency advocate for the rights of those forced to flee due to conflict and persecution

  • Israeli tech firms line up for UAE manpower

    Dozens of Israeli high tech companies are keen to open units in Dubai or Abu Dhabi after Rapyd's decision to...

    About a dozen portfolio firms of Israeli venture capital fund OurCrowd actively seek to open units in Dubai or Abu Dhabi, says its CEO Jon Medved

    Israeli fintech firm Rapyd is the first to decide that it will open an office in the UAE following the normalization of ties between the two countries

  • Reports saying Lebanon president ordered bank raids baseless: Press Office

    The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...

    The President's Press Office said this news is fabricated and baseless.

    The Press Office also denied reports about a meeting held at Baabda Palace.

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