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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

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.
  • World airlines commit to ‘net zero’ CO2 emissions by 2050

    The world's airlines made a joint pledge Monday to reach "net zero" CO2 by 2050, as the aviation industry ramps...

    "The important decision that we must make today will secure the freedom to fly for future generations"

    IATA represents 290 member airlines comprising 82 percent of pre-pandemic global air traffic

  • TRSDC of Saudi Arabia partners with an Austrian biotech firm to produce seafood

    The Red Sea Development Company (TRSDC) of Saudi Arabia has partnered with an Austrian biotechnology firm, Blue Planet Ecosystems (BPE),...

    "The initiative is in response to “growing consumer demand for sustainable protein”

    BPE will specifically provide the Land-based Automated Recirculating Aquaculture (LARA) system, which mimics a natural aquatic ecosystem

  • American scientist duo wins Nobel in medicine

    They will share the Nobel Prize cheque for 10 million Swedish kronor ($1.1 million, €1 million).

    The scientists had won the prize for discoveries on receptors for temperature and touch

    In essence they discovered how humans, for instance, feal the warmth of the sun or when they touch something hot

  • ‘Mad’ Israeli quest to revive ancient dates bears fruit

    A project has managed to grow date palm trees from 2,000-year-old seeds found near the Dead Sea.

    Samples of the dates from the trees will be available for sale soon, said the team that grew the trees

    They used an enzyme-based fertilizer to grow the plants, ruling out the use of any man-made chemicals

  • R&D in Arab world: Challenges and successes

    Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely...

    Jordan's ratio of researchers to its citizens was 150 percent of that of its closest competitors.

    Saudi Arabia spared the highest--$12.5 billion--funds for research and development in the Middle East and Africa Region,

  • Saudi Arabia announces vaccine mandate for public

    Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to...

    Saudi residents will need double immunization to enter any economic, commercial, cultural, recreational, sports, or tourism activity

    They will also require it to enter any cultural, scientific, social, or recreational event

  • Digital currency can speed up global payments: CBUAE

    The CBUAE has in a study found that central bank digital currencies can substantially improve international trade payments.

    The findings come from a report that has been generated from the first Multiple CBDC Bridge (mBridge) Project

    This project is a step closer to making cross-border trade payments easier, safer, and in real time

  • UN fund urges rich nations to pay $100bn a year in climate finance to poor countries

    Rich countries must deliver on a promise to channel $100 billion a year in climate finance to developing nations, otherwise...

    The call by Yannick Glemarec comes as about 50 climate ministers meet in Milan, Italy, on Thursday to hammer out details and tackle differences on the pace of green transition

    The pre-COP26 summit in Milan this week is the last major UN meeting before negotiators head to Glasgow

  • Algeria begins Sinovac Covid-19 vaccine production

    Prime Minister Aimene Benabderrahmane, who attended the launch of the production process at a factory in the eastern city of...

    Lotfi Djamel Benbahmed, Algeria's minister for the pharmaceutical industry, has said the country plans to export the vaccines

    Saidal, the firm making the jabs, was so far the only African company to be licenced to produce the jab

  • NASA’s Lucy mission to probe Jupiter’s mysterious Trojan asteroids

    The probe, called Lucy after an ancient fossil that provided insights into the evolution of human species, will launch on...

    The probe, called Lucy after an ancient fossil that provided insights into the evolution of human species, will launch on October 16 from Cape Canaveral Space Force Station

    Its mission is to investigate the group of rocky bodies circling the Sun in two swarms, one preceding Jupiter in its orbital path and the other trailing behind it

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