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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.
  • Turkish SuperCup in Saudi postponed over ‘political slogans’

    According to the Saudi sports television channel SSC, "the match has been cancelled. The match will not take place." Scheduled to be played on Friday between Galatasaray and Fenerbahce, the Turkish SuperCup was postponed at the last minute after Saudi organisers refused to allow players to wear jerseys bearing "political...
  • Iran proposes to Saudi Arabia to set up working group for visa cancellation

    Riyadh, Saudi Arabia--Iran has proposed to Saudi Arabia to set up a working group to look into the idea of cancelling visas between the two countries.In this regard, the Iranian deputy tourism minister traveled to Saudi Arabia to proposed the to Saudi Arabia the idea of visa cancellation.A ceremony was...
  • Russia to cancel tourist visas to four Gulf countries

    Speaking at the Eastern Economic Forum (EEF), Russia's Minister of Economic Development Maxim Reshetnikov said that his country has offered the complete cancellation of tourist visas to Kuwait, Oman, Bahrain, Saudi Arabia and Malaysia. "We are exploring the topic of making the transition to visa-free travels," he added.
  • Conservative-dominated US Supreme Court steers society sharp right

    Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to push society sharply to the right by scrapping long-established progressive policies.In emphatic rulings this week the court banned universities from giving minorities priority in admissions -- so-called "affirmative action" --...
  • Saudi CMA cancels its share in sukuk, bonds trading commission

    Riyadh, Saudi Arabia--The Capital Market Authority (CMA) has announced the cancelation of its share in sukuk and bonds trading commission from May 2023 onwards.The measure is intended to reduce costs on market participants in a way that enhances liquidity, increases competitiveness in the local market and expands domestic investors' base...
  • Sudan takes first steps to economic recovery with help from Saudi Arabia, others

    Out from nearly 30-year-long international isolation, Sudan finds the crushing burden of debt being eased with help from Saudi Arabia, France and other donor countries More aid to Sudan is contingent upon it fulfilling pledges like free and fair elections and implementation of the peace agreement Saudi Arabia has pledged...