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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.
  • Saudi Arabia to send oxygen tanks to Tunisia

    King Salman bin Abdul-Aziz Al Saud has reportedly directed health authorities to provide medical oxygen and accompanying supplies to Tunisia.

    Tunisia has so far received medical aid from several Gulf and North African states

    The UAE sent vaccine doses in July, while Saudi Arabia, Morocco, and Egypt sent other aid last month

  • Qatar to give $10m per month to Gaza families in aid

    Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.

    Qatar will transfer the aid funds before the end of August

    The distribution of these funds will start in the month of September

  • Afghan evacuees touch down in UAE

    About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.

    The UK plans calling back 2,000 Britons and Afghan employees in the days ahead.

    About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.

  • US to help Lebanon procure electricity

    Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.

    The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.

    The global body also said the crisis could be among the top three in the world if it was not addressed immediately

  • Iran, China to discuss ways to expand cooperation

    Iranian President Raisi told Chinese counterpart Xi Jinping his government would prioritize the expansion of bilateral relations.

    Iran has bought 1 million doses of the Covid-19 vaccine from China, whose export it asked to be expedited

    Chinese Premier Xi Jinping said his country would put in the maximum effort to help Iran receive the vaccines

  • IMF suspends Afghanistan’s access to SDR resources

    The IMF is expected to complete a $650 billion allocation of Special Drawing Rights, the fund’s unit of exchange based...

    IMF says the SDR has been suspended because there is no clarity at present on the recognition of the government in Afghanistan.

    The war-ravaged country could access around $440 million in new monetary reserves.

  • Why Covid-19 jolted some Arab states?

    The flaws in the health systems of some MENA countries such as Tunisia, Lebanon and Jordan, which were struggling with...

    Tunisia's healthcare system appeared crumbling under the weight of recent infections caused by the Delta variant.

    The Lebanese government's failure to pay dues to be public and private hospitals aggravated the Covid-19 crisis.

  • Egypt ties up with Sudan to map geothermal energy potential

    The two countries will also expand the installation of fixed and mobile seismic stations.

    With the world moving away from fossil fuels, countries across the world are turning to alternate sources of energy

    This cooperation could help Sudan along those lines, as it looks to power more and more industries and households

  • US sanctions hamper medicine purchase, says Iran

    Iran is currently experiencing its worst wave of new Covid-19 infections, in what is the third wave of the pandemic...

    According to official figures, the seven-day average of new cases in the country was almost 40,000 on Tuesday

    Till date, Iran has seen more than 4.5 million cases of Covid-19 infections, with more than 99,000 deaths so far

  • Afghanistan will be ruled by a council: Taliban leader

    The insurgent group has made no official statement on the structure of their government even as a key Taliban member...

    Former Afghanistan President Ashraf Ghani has said that he was “in talks” to return home.

    UAE said on Ghani has been received in the country on humanitarian grounds.

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