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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.
  • European Euclid space telescope unveils first images

    Darmstadt, Germany - The first images from Europe's Euclid space telescope were released on Tuesday, showing a nebula resembling a horse's head, never-before-seen distant galaxies and even "circumstantial evidence" of elusive dark matter.Euclid blasted off in July on the world's first-ever mission aiming to investigate the enduring cosmic mysteries of dark...
  • BMW Q3 profit drops 7.7%

    The company's Q3 net profit stood at $3.1 billion.
  • Dubai Customs thwarts smuggling at airport, seize drugs

    DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small drugs that were cleverly concealed within his luggage.The items included 292 hallucinogenic pills, five hallucinogenic stamps, 13.84 grams of hallucinogenic powder, 7.38 grams of crack cocaine and 274.59 grams of...
  • Holocaust memorial decries envoy for wearing yellow star at UN

    His wearing of the badge, which has come to symbolize the oppression of Jews since its imposition in Nazi-occupied Europe, was swiftly criticized by Yad Vashem, Israel's Holocaust memorial, which urged him to wear the Israeli flag instead.
  • Meta releases advertisement-free plan for users in Europe

    "To comply with evolving European regulations, we are introducing a new subscription option in the EU, EEA (European Economic Area) and Switzerland," it said in a statement.
  • Mubadala issues its first-ever Green Bond for $750m

    Abu Dhabi, UAE - Mubadala has issued its first-ever Green Bond for US$750 million with a tenor of 10.5 years, at a yield of 6.03 percent and coupon at 5.875 percent. The issue saw strong demand from the market.The order books peaked at more than $6 billion with robust demand...
  • US orders 2,000 more troops to be ready to deploy to Middle East: report

    Washington, United States - The US Defense Secretary Lloyd J. Austin III has ordered the preparation of approximately 2,000 additional U.S. troops for possible deployment to the Middle East in support of Israel, amid escalating tensions in the region, New York Times reported.These troops, currently stationed in the United States...
  • Markets fall as Biden set for Middle East diplomacy drive

    US and European stock markets mostly fell and oil prices rose as US President Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spreading across the region. Investors also weighed another raft of company earnings and rising interest rates.
  • EasyJet, Airbus sign US$20bn deal

    The no-frills airline will buy 157 aircraft from Airbus.
  • Abu Dhabi’s Mubadala to invest $1 billion a year in Brazil

    New York, United States - Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, plans to invest more than $1 billion a year in Brazil in a range of holdings from an oil refinery to a toll road. The firm’s second fund in the country, Brazil Special Opportunities Fund...
  • Iran denounces ‘political’ Nobel Peace Prize

    Slamming the Nobel Committee for what he called as "false claims", Iran's Foreign Ministry spokesman said the committee awarded the Peace Prize to a person convicted of repeated violations of laws and criminal acts. He said it indicates the approach of some European governments to falsify information to produce "deviant...
  • UAE as hub will help food security corridor under I2U2 framework: Indian minister

    Abu Dhabi, UAE - The UAE as a geographical and business hub will help the proposed ‘food security corridor project in India under the I2U2 framework,’ Piyush Goyal, Indian Commerce Minister told the Emirates News Agency (WAM) in an exclusive interview.“The UAE as a trading hub can cater to the...
  • Luxembourg, EU’s richest country, grapples with housing crisis

    Luxembourg, Luxembourg -- Luxembourg's residents may be classified as the wealthiest in the European Union, but the sky-high cost of buying or renting a home in the country has made living there nearly impossible for some.The crisis has become the number one concern in the Grand Duchy of 660,000 people --...
  • Endava to widen UAE operations

    It will join the UAE's FDI program to expand footprint.
  • Qatar begins construction on North Field gas expansion

    RAS LAFFAN, QATAR - Qatar's state-owned energy giant began construction on Tuesday on a project to expand production from the world's biggest natural gas field through an export terminal on the Gulf emirate's northeast coast.There has been mounting demand for Qatari gas as European consumer nations have scrambled to replace lost...
  • Greece and Saudi Arabia agree to link their power grids

    Athens, Greece - Greece and Saudi Arabia announced their agreement to establish a jointly-owned company with the goal of connecting their power grids. This marks the initial phase of their ambitious plan to provide Europe with more affordable green energy, according to a statement from the Greek energy ministry, as...
  • Europe should move faster on energy transition, say IEA, ECB

    PARIS, FRANCE - Europe must invest more quickly and massively in its energy transition if it wants to remain a global industrial power, top policymakers warned on Friday.The plea was made at a conference on the clean energy transition hosted by the International Energy Agency, the European Central Bank and the...
  • Russian economy to grow 1.5 percent this year, says key European bank

    After having forecast a contraction earlier this year in Russia's economy, the European Bank for Reconstruction and Development is now expecting the country's economy to grow in 2023 thanks to rising oil prices. The bank said in May it expected Western sanctions against Russia"to be more effective in constraining the...
  • Lebanon forces rescue 27 Syrian migrants in sinking boat

    The navy, with support from the civil defense, "was able to rescue 27 illegal migrants aboard a rubber boat that was sinking off the Chekka coast"
  • Israeli PM Netanyahu to visit Turkey: Erdogan

    Turkey's President Recep Tayyip Erdogan told reporters in New York that he will visit Israel too once Benjamin Netanyahu will have visited Turkey. Erdogan, after meeting with Netanyahu, added that drilling work with Israel will be started soon and operating transmission lines to Turkey and further to Europe will also...
  • EU nominates Mahsa Amini and Elon Musk for top rights award

    BRUSSELS, BELGIUM- Mahsa Amini, the Iranian Kurdish woman who died in custody a year ago, and billionaire Elon Musk were among a field of nominations put forward on Wednesday for the EU's top rights prize.The European Parliament's three biggest political groups each backed Amini as the recipient for this year's Sakharov Prize,...
  • 92% of respondents in Saudi Arabia willing to pay more for sustainable broadband

    Riyadh, Saudi Arabia - About 92% of respondents in Saudi Arabia consider ‘critical national infrastructure’ and are willing to pay more for sustainable broadband with roughly a quarter of them prepared to pay over 20% more for eco-friendly connectivity., a Cisco survey in the kingdom has found. The survey, encompassing 2,000...
  • India-Middle East trade corridor hits Turkey hurdle, alternate route proposed

    Ankara, Turkey - Turkey is engaged in “intensive negotiations” with regional partners to propose an alternative to the India-Middle East trade corridor plan agreed upon at the recent G20 summit, Financial Times reported on Sunday. The country aims to reinforce its historical role as a vital transport route for goods...
  • Immunologist wins ‘Breakthrough Prize’ for cancer treatment

    The Breakthrough Prize awards "the world's most brilliant minds" in fields including life sciences, fundamental physics and mathematics
  • Tunisia bars entry to European Parliament delegation of five MEPs

    "We condemn the decision of the Tunisian authorities to refuse entry for the delegation," the delegation, made up of five MEPs, said in a statement. "This conduct is unprecedented since (Tunisia's) democratic revolution in 2011", it said.
  • ENEC inks MoU with OSGE

    Aim is to help in decarbonization of the Polish power sector.
  • Saudi clubs spent $875.4m on new players from June 1- Sept 1, says FIFA

    Spending by Saudi Arabian football clubs in the transfer window just closed was second only to that by teams in the English Premier League, said separate reports by FIFA and Deloitte. The sport's world governing body said Saudi Pro League teams had spent $875.4 million on new players from June...
  • 2023 likely to be hottest year in human history, says EU climate monitor

    "2023 is the year that climate records were not just broken but smashed," said Mark Maslin, a professor of climatology at University College London.
  • Turkish Airlines orders 10 A350 Airbus

    The airline disclosed no financial details in a statement.
  • ADNEC Group launches charter flights to Europe, Central Asia to draw tourists to Abu Dhabi

    Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the UAE, enhancing travel options for international tourists from multiple destinations. The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE, while further...
  • At 5%, Middle East has highest GDP share from tourism: report

    Dubai, UAE - The Middle East has seen the strongest rebound in the post-pandemic global tourism recovery, according to a new report from HSBC Global Research.The report, Jet, set, go! shows that the region is unique in recording a total recovery in terms of tourist arrivals in the first quarter...
  • French President says change in existing world order would weaken West, Europe

    PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President Emmanuel Macron said at the annual conference of his country’s ambassadors here.“The situation on the international arena is becoming more complicated, which is fraught with the risk of the West...
  • Gazprom delivers 41.5m cu.m of gas to Europe per day through Ukraine

    Moscow, Russia -- The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day, a Gazprom spokesman said."Gazprom continues to supply Russian gas for transit through Ukrainian territory via the Sudzha gas pumping station in an amount approved by Ukraine. The volume is 41.5...
  • stc Group begins work in Europe

    stc’s subsidiary TAWAL buys assets in eastern Europe.
  • Facebook and Instagram users in Europe to have greater viewing control

    One of the changes announced by Nick Clegg, Meta's president of global affairs, includes giving European users of Facebook and Instagram the option to view different types of content not based on profiling, a requirement under the EU's Digital Services Act (DSA).
  • Stocks advance but traders wary of US rates outlook, China concerns

    The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news, as there was no fresh news that went against the slowing China rhetoric" or indication of a possible shift in policy by US monetary policymakers, said Swissquote Bank analyst Ipek...
  • GCC steps up to diversify Europe’s natural gas supply

    Amid Russian-Ukrainian war, Europe aims to diversify its energy sources, with Gulf countries like Qatar, UAE, Oman, and Saudi Arabia offering alternative natural gas options.
  • Iran-China cooperation at its best in various fields: envoy

    Tehran, Iran-- China's ambassador to Iran has affirmed that his country's cooperation with Iran is at its best in various fields, voicing hope that both sides will further improve ties.Chang Hua made the remarks in a Saturday meeting with the governor of the northwestern Iranian province of West Azarbaijan Mohammad...
  • Brazil star Neymar arrives in Saudi Arabia ahead of unveiling ceremony

    Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list of big names lured to the oil-rich kingdom.The 31-year-old Brazil forward who will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain landed...
  • Tunisia arrests bakery union chief for ‘monoply’ amid bread shortage

    Tunis, Tunisia - Tunisian authorities have arrested the head of the national bakery owners' union, accusing him of a "monopoly" as the country faces a weeks-long shortage of subsidized bread, local media reported Thursday.The government in August banned some 1,500 privately-owned bakeries that produce European-style breads and pastries from purchasing subsidized...
  • Saudi Arabia lures football stars with big money

    From Cristiano Ronaldo to Neymar, the kingdom is offering eye-watering salaries to international football stars to bring them over from clubs across Europe.
  • Lebanon detains 134 Europe-bound migrants near Syrian border

    BEIRUT, LEBANON -The Lebanese army arrested 134 migrants near the northern border with Syria on Saturday after foiling their attempt to take a boat to Europe, it said in a statement.The group of would-be migrants -- made up of 130 Syrians and four Lebanese nationals -- were taken into custody in...
  • Two dead as Europe bound migrant ship capsizes off Tunisia

    Tunis, Tunisia - At least two Tunisians including a baby died when their Europe-bound boat sank Saturday off the North African country's southeastern shores, the coastguard said, adding five others were missing.The vessel carrying 20 Tunisians went down at 2:00 am (0100 GMT) 120 meters (395 feet) from the beach in...
  • Tunisia, Libya collaborate to help stranded migrants at border

    In a collaborative bid to address the migrant crisis, Tunisia and Libya have announced a shared responsibility for hundreds of migrants stranded at their border. These migrants, primarily from sub-Saharan African countries, had been left in the desert area of Ras Jedir. The deal aims to provide shelter and essential...
  • 6 MNCs among new businesses attracted by Dubai Chamber in H1

    Dubai, UAE - Dubai International Chamber attracted 56 businesses to the emirate during H1 2023, including six multinational corporations and 50 Small and Medium-sized Enterprises (SMEs), local media reports said.It also supported the expansion of 15 local and national companies into global markets, either by increasing their exports or helping...
  • Germany leads Europe push to boost chip manufacturing

    Paris, France -- Taiwanese chipmaker TSMC agreed Tuesday on a multibillion-dollar deal to build a plant in Germany, part of a push to put Europe at the center of the global semiconductor industry.The United States and China are embroiled in a fierce rivalry to dominate the chip industry, and Europe is...
  • Lufthansa profit soars

    The German airline's net profit climbed to US$964m in Q1.
  • Global trade in goods, services worth US$31trn in 2022: WTO

    Dubai, UAE--Trade in goods and services amounted to US$ 31 trillion in 2022, a 13% rise year-on-year. According to the World Trade Statistical Review 2023, issued by the World Trade Organization, while trade in goods exceeded pre-pandemic levels already in 2021, trade in services caught up in 2022. China remained...
  • European LNG imports fall to lowest level since start of Ukraine war

    Brussels, Belgium - Europe's liquefied natural gas (LNG) imports fell to the lowest level since the start of the Russian military operations in Ukraine after a drop in prices reduced the regions appeal.LNG deliveries fell 7% in July from a year earlier to 8.6 million tons, the least since November...
  • In a warming world, is an air-conditioned future inevitable?

    Washington, United States - They are ubiquitous in the United States, controversial in Europe and coveted in South Asia. As heatwaves intensify across the world, air conditioning has taken center stage.For better or for worse, these power-hungry appliances are among the most common adaptations to a warming world. They have become...