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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • From ‘child of war’ to two-term WHO chief

    Tedros Adhanom Ghebreyesus, the first African to head the WHO, was re-elected on Tuesday, tearfully accepting a second term as...

    The UN health agency did not provide a breakdown, but sources in the room said he had received 155 of the 160 votes cast

    The 57-year-old malaria expert has also increasingly been sounding the alarm over the heavy toll that conflicts like the war in Ukraine are taking on global health

  • Boeing’s Starliner docks with ISS in high-stakes test mission

    NASA is looking to certify Starliner as a second "taxi" service for its astronauts to the space station a role...

    Starliner spaceship made contact at 8:28 pm Eastern time, 24 hours after it took off from the Kennedy Space Center

    Success of spaceship will be the key to re-establish Boeing's credibility after its first launch in 2019 which was failed to dock with the ISS due to software bugs

  • MBRSC and EGA look to collaborate in field of research

    Mohammed bin Rashid Space Centre and Emirates Global Aluminum (EGA) are looking to collaborate in research and the use of...

    Al Marri was received at EGA's Jebel Ali site in Dubai by Chief Executive Officer Abdulnasser bin Kalban, and the company's leading technologists

    The two parties discussed potential future synergies, including the use of EGA metal by the Mohammed bin Rashid Space Centre in constructing its next spacecraft

  • Stay off social media to improve your mental health: Study

    It’s no secret that too much social media can be bad for one’s mental health. Now, research suggests that taking...

    Staying off social media for a week meant, for some study participants, gaining about nine hours of free time, which improved their well-being, British researchers report.

    Those who took a break from social media had significant improvements in well-being, depression and anxiety, compared with those who continued to use social media, the study found.

  • WHO renews ties with Saudi drug authority for global cooperation

    The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.

    The move aims to contribute to the SFDA in assisting emerging countries in monitoring and regulating medical devices and supplies

    It also looks to benefit from the WHO’s expertise in various regulatory and supervisory areas in medical devices and supplies

  • China pulls no punches to beat Covid

    Leaving a fine mist of disinfectant in their wake, China's hazmat-clad health workers are cleaning homes, roads, parcels and even...

    China is tied to a zero-Covid strategy, wielding snap lockdowns, mass testing and lengthy quarantines as part of unrelenting efforts to quash virus outbreaks

    The sight has become one of the most visual expressions of China's zero-Covid policy

  • US nears 1m Covid dead, as New York seeks to move on

    America recorded its first coronavirus death, on the West Coast, in early February 2020. By the next month, the virus...

    The US has recorded a rise in the number of daily virus cases in recent weeks due to the new Omicron subvariant and the lifting of mask mandates

    Ideological clashes in public over curfews, mask mandate, and vaccine mandates resulted in the country hitting the highest death toll in the world

  • Saudi Space Commission looks to explore cooperation with NASA

    Saudi Space Commission Board of Directors Chairman Abdullah Amer Alswaha is on a tour of the US to develop the...

    The two countries discussed opportunities for strategic cooperation to develop the space sector

    They also mulled investment in future joint projects to achieve mutual economic and strategic goals

  • UAE’s Covid-19 response gets global plaudits

    Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of...

    For one, smart-technology platforms were effectively used in the UAE to combat Covid-19

    The UAE also adopted the mandatory use of face masks in March 2020, well ahead of the WHO recommendation

  • Astronaut crew returns to Earth after six months

    Crew-3 carried out hundreds of scientific experiments, including growing chilies in space to add to the knowledge of cultivating crops...

    Crew-3's expedition came at an increasingly busy time for commercial space.

    The ISS now awaits docking with an uncrewed Boeing Starliner capsule, which is set to launch from Florida on May 19.

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