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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • UAE sends food aid to Ethiopia’s Tigray region

    The aid was sent following the directives of the UAE's leadership to help improve the humanitarian situation in the Tigray...

    The UAE has already sent six planes carrying 300 tons of relief and food supplies to the city of Mekelle

    That aid, which included 200 tons of vegetable oil, was sent last year in cooperation with the World Food Program

  • Russia invasion appears ‘frustrated’ by stiff Ukraine resistance

    The United States and Western allies are still able to deliver arms into Ukraine to bolster the military, and Washington...

    According to Pentagon information, Russia now has at least 50 percent of its massive invasion force inside Ukraine

    However, the force is making slow progress on its original three-front thrust due to unexpectedly stiff resistance

  • UAE, UK discuss strategic cooperation

    The ministers of the UAE and the UK discussed the historic relations between the two countries and their strategic cooperation,...

    Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and International Cooperation represented UAE

    He underlined the longstanding relations between the UAE and the UK and their continuous desire to strengthen them

  • Iran says it will continue to enrich uranium even after a deal

    Iran has said that it will continue to enrich uranium to 20 percent purity even after sanctions against it are...

    Iran is now enriching to various levels, the highest being around 60 percent

    Iranian officials had told media earlier that Iran had agreed to suspend its 20 percent and 60 percent enrichment if an agreement is reached in the Vienna talks

  • UAE calls for ‘cessation of hostilities’ in Russia-Ukraine war

    The UAE has called for immediate cessation of hostilities in the war between Russia and Ukraine. The appeal came in...

    the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed particular alarm at the consequences for civilians present in Ukraine, as well as for the region

    The Ministry emphasized the importance of ensuring that humanitarian assistance reaches those in need, and called on all parties to respect International Humanitarian Law

  • US or Russia? Ukraine crisis poses dilemma for wealthy Gulf

    Choosing sides in Ukraine's crisis would have once been easy for Gulf states long protected by the US, but growing...

    On Friday, the UAE abstained along with China and India from a vote at the US Security Council demanding Moscow withdraw its troops

    Russia as expected vetoed the resolution co-written by the US and Albania while 11 of the council's 15 members voted for it

  • African Nations forced to spend on climate adaptation: Study

    The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts.

    The findings, published by the Nairobi-based think tank Power Shift Africa, focus on the costs of warding off climate impacts

    The threat is forcing nations to divert "already stretched" resources to climate self-defence, the report said

  • Jordan king is in UAE, to discuss bilateral cooperation

    Crown Prince of Abu Dhabi led an entourage of high-profile officials to welcome king and queen upon their arrival at...

    Crown Prince of Abu Dhabi led an entourage of high-profile officials to welcome king and queen upon their arrival at the Presidential Flight in Abu Dhabi

    They were accorded a red carpet reception as the national anthems of the UAE and Jordan were played

  • 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.

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