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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

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.
  • Hyperinflation imminent in Lebanon: Nasser Saidi

    A crushing economic crisis, a sharp collapse of the local currency and a bankrupt banking sector are adding to the...

    Lebanon's banking sector must reduce the size by at least 50 percent if not more, says senior economist Nasser Saidi

    Lebanon, he says, will take 5–7 years to recover if it agreed to an IMF program within the next three months

  • Afghan crisis cements Qatari global influence

    Doha's long-standing hotline to the Taliban has helped Qatar burst onto the world stage with its efforts to assist Kabul...

    Qatar invited the Taliban to open a political office in Doha in 2013.

    Saudi Arabia, along with the UAE, Bahrain and Egypt, cut ties with Doha in 2017, accusing it of backing Islamist groups and Iran.

  • Iran slams US for ‘addiction’ to sanctions, ‘dead end’ policies

    Foreign ministry spokesman Saeed Khatibzadeh said President Joe Biden was following the same "dead end" policies as Donald Trump. Khatibzadeh’s...

    Under Trump's presidency, Washington unilaterally withdrew from the 2015 nuclear agreement between Tehran and six major powers.

    Biden has said he wants to reintegrate Washington into the pact, but talks in Vienna that began in April have stalled since Ebrahim Raisi won Iran's presidential election in June.

  • Syria agrees to help Lebanon get gas, electricity

    The country has said it is ‘ready’ to help Lebanon with ‘transit for Egyptian gas and Jordanian electricity via Syrian...

    Lebanon’s fuel shortage has reached such proportions that millers have warned they might have to stop making bread

    Meanwhile, Unicef has said 4 million Lebanese could lose access to water as pumps run out of fuel

  • Two years after normalization of ties, Israel names first envoy to Bahrain

    Eitan Na'eh had served for eight months as the temporary head of mission at the Israeli embassy in the United...

    The move came two days after the first Bahraini ambassador to Israel, Khaled Yousif Al Jalahma, inaugurated the Gulf state's embassy in Israel

    The UAE and Bahrain signed the US-brokered agreements to establish diplomatic relations with Israel in September 2020

  • Why Golden Residency is not a privilege

    Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...

    The UAE is the only Middle Eastern country that issues Golden Visas.

    In 2010, the first golden visa program was launched in Latvia.

  • US Secretary of State to visit Qatar on Afghan crisis trip

    Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the...

    Blinken will spend Monday and Tuesday in Qatar, the largest hub for the evacuations of some 100,000 Afghans in the final days

    Defense Secretary Lloyd Austin will leave on a trip Sunday that also begins in Qatar and will also include Bahrain, Kuwait and Saudi Arabia

  • Iran discusses oil cooperation with China

    Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...

    Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC

    CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday

  • IsDB launches $100m fund in Uzbekistan

    The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.

    The economic development fund is expected to generate 100,000 jobs in the country which is struggling with poverty

    The new fund is part of the IsDB’s series of development activities in Uzbekistan, which so far stand at $2.4 billion in value

  • Taliban close to forming government

    The announcement of a cabinet may take place on Friday following afternoon prayers

    The announcement of a cabinet may take place on Friday following afternoon prayers

    The Islamist militants, who have pledged a softer brand of rule than during their brutal reign of 1996-2001, must now transform from insurgent group to governing power

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