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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.
  • Five billion could struggle to access water in 2050: UN

    Already in 2018, 3.6 billion people had inadequate access to water for at least one month per year, and only...

    Over the last 20 years, the levels of water stored on land had dropped at a rate of 1 cm per year

    This includes water on the surface, in the subsurface, in snow and ice

  • UAE spacecraft to explore asteroid belt beyond Mars

    The United Arab Emirates will launch a spacecraft to explore a major asteroid belt between Mars and Jupiter, officials said...

    In September 2019, the oil-rich country sent the first Emirati into space

    The UAE also has plans to send an unmanned rover to the moon by 2024

  • Nobel Prize in Physics rewards climate research

    The Nobel Physics Prize has been awarded for ‘groundbreaking contributions to our understanding of complex physical systems.’

    Syukuro Manabe demonstrated how increased levels of carbon dioxide in the atmosphere lead to increased temperatures

    Klaus Hasselmann created a model that linked together weather and climate, thus explaining why climate models can be reliable

  • UAE, Saudi Arabia lead regional innovations

    The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading...

    Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world

    The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index

  • 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

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