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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.
  • Biden calls Xi to ease friction in US-China ties

    President Joe Biden spoke with China’s Xi Jinping on Thursday amid growing frustration on the American side that high-level engagement...

    The White House is hopeful the two sides can work together on issues of mutual concern despite growing differences

    The White House is hopeful the two sides can work together on issues of mutual concern — including climate change and preventing a nuclear crisis on the Korean Peninsula

  • US praises Taliban for Afghanistan evacuation

    The United States on Thursday praised the Taliban as businesslike and cooperative in facilitating the first evacuation of Americans from...

    A round-the-clock airlift in the final two weeks of the war shuttled more than 123,000 people

    “The Taliban have been cooperative in facilitating the departure of American citizens and lawful permanent residents”

  • IMF’s SDR allocation to benefit rich MENA nations

    The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves.

    The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves

    SDR allocations will help most vulnerable countries struggling to cope with the impact of the COVID-19 crisis

  • Iran mulls preferential trade agreement with Lebanon

    The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...

    Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s

    The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country

  • Two decades after 9/11, Saudi Arabia seeks economic reform, softer image

    Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed...

    Women can drive and cinemas have reopened in the "new" Saudi Arabia under crown prince and de facto ruler Mohammed bin Salman

    MBS as crown prince is called, has brought a string of economic, social and religious changes

  • Islamists routed by liberal parties in Morocco

    The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats...

    The Justice and Development Party which headed the ruling coalition for a decade saw its support collapse from 125 seats in the outgoing assembly to just 12

    The liberal parties like the National Rally of Independents and the Authenticity and Modernity Party got 97 and 82 respectively

  • US defense secretary defers visit to Saudi Arabia

    Austin traveled to the Gulf region earlier this week, a week after the chaotic US withdrawal from Afghanistan ended. He...

    Austin first went to Doha with Secretary of State Antony Blinken to visit the main base for the massive airlift set up by the United States out of Kabul

    He then traveled to Kuwait, where he met Wednesday with the country's leaders

  • Belt and Road Initiative in GCC: A deep dive

    The relations between the Arab world and China have touched new highs particularly after China launched the Belt & Road...

    Bilateral trade between China and GCC increased 180 percent from US$68bn in 2009 to US$190bn in 2019

    Gulf imports from China totaled US$10 bn in clothing, textiles, and fabrics, accounting for 66 percent of Arab trade with China

  • Morocco polls: ‘New model of development’ in focus

    King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the...

    King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the next five years

    The palace remains the source of key decisions and strategic direction in the country of 36 million people

  • Nuclear watchdog flays Iran for undermining monitoring

    The latest report comes with diplomatic efforts to revive the 2015 nuclear deal between Iran and world powers at a...

    The latest report comes with diplomatic efforts to revive the 2015 nuclear deal between Iran and world powers at a standstill

    In February, Iran suspended some IAEA inspections in response to the United States' refusal to lift sanctions on Iran

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