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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.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.
  • Tunisia shuts down TV station run by opposition party leader

    The authority, known as HAICA, seized the channel’s broadcast equipment and said in a statement that Nessma TV was broadcasting...

    The channel is partly owned by former Italian prime minister Silvio Berlusconi

    In July President Kais Saied, sacked the prime minister and suspended parliament

  • Saudi, UAE summon Lebanon envoys over minister’s Yemen war remarks

    Lebanese Information Minister George Kordahi had said the Iran-backed Huthi rebels are "defending themselves... against an external aggression" and "homes,...

    Saudi Arabia said Kordahi's remarks were "clearly biased towards the terrorist Huthi militia".

    UAE said the minister's "disgraceful and biased" comments "offended the member countries of the coalition".

  • TikTok, YouTube and Snapchat defend impact on kids

    In their first testimony to US senators, they argued they are built to protect against the mental health and safety...

    Senator Marsha Blackburn, who was co-chairing the hearing, drew little difference among the platforms and their arguments for safety.

    YouTube has battled with a surge in Covid-19 and vaccine misinformation as the pandemic drove people online looking for information.

  • Lebanese Christian leader Geagea dodges court summons

    Hundreds of his supporters gathered in his mountain bastion and marched in a show of support. Geagea had warned last...

    Seven people were killed in street fighting two weeks ago, following a rally against the judge investigating last year's deadly blast at Beirut.

    Hezbollah accuses the FL of firing the first shots. Geagea denied any involvement and claimed that his summons had no legal grounding.

  • Libya fighting damages only working oil refinery

    Eight oil storage tanks and five other tanks for oil and chemical products were damaged and were leaking, while the...

    Libya's vast oil sector, the backbone of its economy, has suffered regular halts in production since the revolution that toppled Moamer Kadhafi.

    The country produces about 1.2 million barrels per day, still short of the country's pre-revolution output of 1.5-16 million barrels.

  • Saudi could go carbon-neutral before 2060: Minister

    Prince Abdulaziz bin Salman said new processes enabling capture and reuse of carbon were key to the kingdom achieving net...

    The kingdom is promoting the circular carbon economy at the Future Investment Initiative conference in Riyadh.

    Saudi Arabia also has announced a $1 billion contribution to initiatives to fund the CCE and provide "clean" fuel for the world's poor.

  • Saudi Arabia and US call for end to Sudanese military coup

    Taking a strong stance against the military coup in Sudan, Saudi Arabia and the US have condemned the overthrow of...

    Saudi foreign minister Prince Faisal bin Farhan Al Saud and US secretary of state Antony J. Blinken reiterated their support to the aspirations of the Sudanese

    The two top diplomats spoke today about the importance that all parties adhere to the framework laid out in the Constitutional Declaration and Juba Peace Agreement

  • Saudi Arabia supports Pakistan with $4.2bn lifeline

    The money is coming in through the SFD, a Saudi government agency that usually finances social and infrastructure projects in...

    The Saudi Fund for Development has announced that it will deposit $3 billion into the State Bank of Pakistan

    Saudi Arabia will also finance the oil-derivatives trade with Pakistan with a total amount of $1.2 billion throughout the year

  • Turkey urges Armenia to mend ties with Azerbaijan

    On a visit to Azerbaijan on Tuesday, Turkey set out conditions if Baku wanted better ties with Ankara.

    Turkey and Armenia have no diplomatic relations, and a closed frontier

    They also have a history of hostility rooted in massacres of Armenians under the Ottoman Turks during World War I

  • US denounces Israeli settlements in Biden’s reversal of Trump’s policy

    The reaction comes after four years under Donald Trump in which the United States offered a green light to Israel's...

    The State Department under Biden had repeatedly warned against settlement construction

    Palestinian prime minister Shtayyeh had urged Washington to "confront" Israel on the settlements

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