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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.
  • 4,000 West Bank Palestinians to get residency rights

    Israel has occupied the West Bank since the Six-Day War of 1967 and exercises full administrative control across much of...

    The new approvals will make thousands of people newly eligible to get Palestinian Authority identification documents and change their residential address.

    Excluding annexed east Jerusalem, some 475,000 Israeli Jews live in settlements in the West Bank considered illegal under international law.

  • Fear of sanctions a risk for Iran health rights: UN

    Many banks and businesses, including pharmaceutical and medical companies around the world, over-comply with sanctions out of fear of potential...

    In one case, this had resulted in a Swedish company halting the sale of bandages to its Iranian partner.

    A UN expert has reached out to the Swedish company and government to address 'shortfalls' in due diligence processes.

  • Deficit to surplus: GCC economies on growth track

    The combined current account balance of oil exporters in the GCC region is likely to shift from a deficit of...

    UAE economy is expected to grow by 2.2 percent in 2021 and by 4.9 percent in 2022, supported by tourism, oil prices recovery and Expo 2020 activities.

    Saudi Arabia's real GDP growth fell 4.1 in 2020 and is expected to increase to 1.9 percent this year and 4.8 percent in 2022.

  • Social unrest may spoil Mideast recovery: IMF

    The fund also warned that the longer-term risk of the uneven recovery could permanently widen wealth, income, and social gaps.

    Unemployment rates increased in MENA last year by 1.4 percent to reach 11.6 percent.

    Nearly 80 percent of the Lebanese population lives below the poverty line and the new government struggles with falling value of currency.

  • UAE, Bahrain, Qatar among top 10 expat destinations in the world

    Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71...

    Switzerland, New Zealand and Spain top three destinations followed by Australia, Cyprus, Portugal, Ireland, France and Netherland.

    65 percent of expats feel optimistic about the year ahead and 75 percent were optimistic 'normality' will return.

  • Turkey summons 10 ambassadors over Kavala release call

    Activist Osman Kavala, 64, has been in jail without a conviction since 2017.

    Activist Osman Kavala, 64, has been in jail without a conviction since 2017

    The Turkish activist faces a string of charges linked to 2013 anti-government protests

  • Lebanon Hezbollah chief says movement has 100,000 fighters

    Nasrallah spoke as tensions simmer in Lebanon over the fate of the judge leading a probe into a port explosion.

    Nasrallah spoke as tensions simmer in Lebanon over the fate of the judge leading a probe into a port explosion

    Violence broke out in the heart of Beirut Thursday after supporters of Hezbollah and Amal rallied to call for judge Tarek Bitar to step down

  • Who will form next government in Iraq?

    A final tally from the ballot, organised to appease youth-led anti-government protests that began in 2019, is expected in the...

    Results so far show Sadr won more than 70 of the 329 parliamentary seats

    This coalition option would see Sadr agreeing to a compromise candidate as prime minister

  • 10 years since Kadhafi death, stability still eludes Libya

    A year-long ceasefire and a UN-led peace process have barely papered over deep divisions, and upcoming elections are unlikely to...

    A year-long ceasefire and a UN-led peace process have barely papered over deep divisions, and upcoming elections are unlikely to resolve the crisis

    Kadhafi ruled Libya with an iron fist for 42 years after a 1969 coup against the monarchy, portraying himself as a revolutionary

  • Tunisia in bailout talks with Saudi Arabia, UAE: Central banker

    The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with...

    Power grab in July by President Kais Saied put on hold Tunisia's talks with the IMF for a fourth bailout package.

    Years of political deadlock following 2011 revolution have left it with less than one percent growth and six percent inflation.

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