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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 Palestinians killed during Israeli raids in occupied West Bank

    Jerusalem: An Israeli operation to dismantle a Hamas cell in the West Bank sparked fierce gun battles at multiple locations...

    Hamas confirmed its fighters had clashed with Israeli forces near Jerusalem and Jenin.

    Islamic Jihad issued a statement identifying Osama Soboh as one of its "martyrs" who died in Burqin.

  • Special forces of UAE, Saudi Arabia, Egypt, Greece conclude military exercises

    Special security forces of Saudi Arabia, the UAE, Greece and Egypt have completed joint drills in the Greek capital, Athens.

    The drills are part of a program to enhance military cooperation between friendly countries

    The training plan was conducted by the Royal Saudi Land Forces to maintain a high level of performance, training and combat efficiency

  • Cutting fossil fuel use key to environmental protection: IMF

    The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...

    Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.

    Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.

  • Merkel prepares to leave the stage

    Assuming she stays on to hand over power, Merkel will tie or exceed Helmut Kohl's longevity record for a post-war...

    Merkel will pass the baton as the first German chancellor to step down entirely by choice, with a whole generation of voters never knowing another person at the top.

    His Social Democratic opponent, Finance Minister Olaf Scholz, has actively -- and perhaps successfully -- sold himself as the real continuity candidate.

  • Saudi site Dawqara shows signs of civilization during the late Roman period

    DUBAI: Dawqara, a place in Saudi Arabia's Northern Borders region, has shown signs of civilization during the late Roman period....

    One of the most important artifacts of the site in Dawqara is a square palace built from volcanic stones.

    Some stone tools have also been found at the site located in the Northern Borders region.

  • Morocco receives first batch of Turkish armed drones

    Morocco took delivery earlier this month of Turkish combat drones, the Far-Maroc unofficial website dedicated to military news reported.

    Morocco already uses drones for intelligence and surveillance operations along its borders

    Media reports said Morocco signed a $70 million contract with the private Turkish company Baykar

  • Kuwait population down 0.9 percent in H1 due to expat exodus

    DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...

    More than a third of Kuwait population under 15, likely to put more pressure on the labor market.

    Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.

  • Sudan protesters block crucial oil pipelines

    Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of...

    Demonstrators blocked the entrance to the airport and a bridge linking Kassala State in the east with the rest of the country

    The unrest comes as Sudan grapples with deep economic woes left in the wake of Bashir's ouster

  • Transformative projects focus of new UAE cabinet

    The government work 'will be led by major transformative projects and not just long-term strategic plans, says Sheikh Mohammed.

    The new strategy comes with the government's previous plan, UAE Vision 2021, through which the emirates has achieved all its goals in the past 10 years, Sheikh Mohammed said.

    Unlike previous 5-10 year cycles, the coming cycles of change will be flexible and six months to two years long, he added.

  • Digital inclusion vital for economic growth: Experts at WEF discussion

    DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...

    An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.

    The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.

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