Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to buy TikTok from its Chinese owners. On Wednesday, the US House of Representatives overwhelmingly approved a bill that would force TikTok to divest from its parent company or face a...

Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved in "undermining stability in the West Bank." The move marks the second time this year that Washington has sanctioned Israeli settlers, as it looks to respond to the rise in...

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by a senior American official of Prime Minister Benjamin Netanyahu's handling of the war in Gaza. The remarks from Chuck Schumer came amid increased pressure from President Joe Biden over the...

AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said that there were 129 real estate valuation transactions in the emirate in February, valued at around US$195 million (AED718 million). He highlighted the ongoing momentum in Ajman's real estate market,...

It will pay $800 million upfront for the Lyon-based company.

Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said. Commercial ships have been taking longer and costlier journeys around the southern tip of Africa to avoid attacks by Yemen's Houthi rebels in the Red Sea.

Abu Dhabi, UAE -- The launch of Gulf Cooperation Council's first UAE bond Exchange Traded Fund (ETF), which will list on the Abu Dhabi Securities Exchange (ADX), was announced Thursday by Lunate Capital Limited, an Abu Dhabi-based investment management firm licensed by the ADGM Financial Services Regulatory Authority (FSRA). The...

The Group reported a 12% increase in EBITDA to $1.25 billion.

This brings the total dividend for 2023 to $717 million.

Two previous attempts have ended in spectacular explosions, though that's not necessarily a bad thing: the company has adopted a rapid trial-and-error approach in order to accelerate development, and the strategy has brought success in the past. SpaceX also aims to re-light the ship's engines in space, and perform an...

Its net profit for October-December rose to US$1.6bn.

The offer was oversubscribed 165 times for all tranches combined.

The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023, increasing the spending limit by 70.4 billion shekels ($19.4 billion), or more than 14 percent, according to a statement from Israel's legislature, the Knesset.

Arar, Saudi Arabia -- In a unique and creative initiative, families in Saudi Arabia's Northern Borders Region are using henna body paint to encourage children to fast during Ramadan. The practice involves drawing intricate henna patterns on the hands of young girls, often featuring symbols related to Ramadan and fasting. These...

Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, vowing that Beijing would "take all necessary measures" to protect the interests of its companies overseas. The short-video app has soared in popularity worldwide but its ownership...

Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and human expertise merge to serve readers. OpenAI had previously announced partnerships last year with The Associated Press and Axel Springer.

London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could scupper the contentious Abu Dhabi-led takeover of the Telegraph Media Group. Stephen Parkinson, a media minister, announced in the upper-chamber House of Lords that the Conservative government would amend proposed...

The 'Amalthea' initiative, recently announced by Cyprus, is crucial for the efforts to launch the maritime corridor and the UAE reiterates its strong commitment to mobilizing international support for the initiative, adds Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s Minister of Foreign Affairs.

Beirut, Lebanon--Palestinian resistance group Hamas said one of its members was killed in an Israeli strike in south Lebanon on Wednesday that state media said killed three people. Hamas said the man killed in the strike was Hadi Mustafa, a member of its armed wing in Lebanon from the Palestinian refugee...

Both are unpopular with large sections of a populace wary of handing the keys to the most powerful office in the world to men born closer to the inauguration of Civil War hero Ulysses S. Grant than to November's election.

Abu Dhabi, UAE--ADNEC Group has announced the launch of the region's first Bitcoin MENA Conference 2024 set to take place on 9-10th December 2024 in the Abu Dhabi National Exhibition Centre (ADNEC Centre Abu Dhabi). Co-organised by Capital Events, the event management arm of ADNEC Group, and BTC Inc., the...

Doha, Qatar - The women returning to the workforce following a career break have the potential to contribute nearly US$385bn to the GDP across nine countries in the Middle East and North Africa (MENA) region. says a PwC Middle East’s survey. 82% of these women believe that they can progress...

The ongoing fasting month brings traditional practices and modern shopping habits together, impacting market trends significantly in the Gulf region.

Agnes Callamard, secretary general of Amnesty, said nobody was holding Israel to account over the delays to deliveries by land to the Gaza Strip. She said the international community must be prepared to hold Israel to account. "We're not holding the stick that will allow for those violations to stop,"...

Geneva, Switzerland – The number of children who died before their fifth birthday has reached a historic low, dropping to 4.9 million in 2022, according to the latest estimates released today by the United Nations Inter-agency Group for Child Mortality Estimation (UN IGME). “Behind these numbers lie the stories of...

Senior European Union officials say the rules, first proposed in 2021, will protect citizens from the risks of a technology developing at breakneck speed, while also fostering innovation on the continent.

The measure requires TikTok's parent company ByteDance to sell the app within 180 days or see it barred from the Apple and Google app stores in the US. The lawmakers voted 352 in favor of the proposed law and 65 against, in a rare moment of bipartisan unity in politically...

Asked about the reported deaths, the Israeli military said soldiers "fired toward armed suspects identified in the area" and that "hits were identified", but did not confirm fatalities. It described the operation as "counterterrorism activity".

"The people in Gaza are lacking the most basic necessities. We want to do our part to ensure that they get access to food and medicine," said Defense Minister Boris Pistorius.

The incident comes amid mounting concern about worsening humanitarian conditions in Gaza, where Israel has carried out relentless military operations since October. Gaza's dire food shortages after more than five months of war have resulted in 27 deaths from malnutrition and dehydration, most of them children.

MIC will be an anchor investor in their second venture capital fund.

Riyadh, Saudi Arabia -- Saudi Arabia witnessed a surge in commercial registrations across various business sectors in the last quarter of 2023, with land transport of goods leading the way, the Kingdom's Ministry of Commerce said Wednesday. Land transport of goods witnessing a remarkable increase. By the end of Q4...

Doha, Qatar -- Women returning to the workforce following a career break have the potential to contribute nearly $385bn to the GDP across nine countries in the Middle East and North Africa (MENA) region, a study shows. This indicates a significant economic potential, provided that organizations can adopt supportive measures...

Aid groups have been warning of the risk of famine in besieged Gaza for weeks, and the UN has reported particular difficulty in accessing the territory's north for deliveries of food and other humanitarian supplies. Israel has maintained strict control over aid entering the Gaza Strip since the outbreak of...

Inditex, the world's biggest fashion retailer, is owned by Zara.

The insurance provider had suffered a loss of $18.15m in 2022.

In 2024, it expects sales to grow at a "mid-single-digit rate".

Footage online circulated by state media showed a huge explosion that sent plumes of smoke and fire across a busy road during morning rush hour. Another video on social media showed what appeared to be a building that had completely collapsed and several destroyed cars.

It delivered some 9.2 million cars to customers in 2023.

Dubai, UAE - More than 70% of surveyed retailers in the UAE have experienced increased revenue and higher customer footfall since adopting digital payments,  a study conducted by Visa in the United Arab Emirates (UAE), titled 'Value of Acceptance’ has revealed. The study focused on two groups of merchants - those...

Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of new non-UAE businesses joining the chamber last year. A total of 15,481 new Indian-owned companies became members in 2023, representing year-over-year (YoY) growth of 38 percent and underlining Dubai’s continuing...

The bombing and destruction of fields and factories have plunged Sudan into "one of the worst" nutrition situations in the world, said Arif Noor, Save the Children's country director in Sudan. The charity warned "about 222,000 severely malnourished children and more than 7,000 new mothers are likely to die" under...

Jerusalem--The Israeli army said Tuesday it hit about 4,500 Hizbollah targets in Lebanon and Syria over the past five months, killing 300 of the group's fighters and wounding more than 750. The targets were hit from the air and from the ground, the army said in a statement, and included...

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery plans, and only use insurance to mitigate the impact of attacks and the cost of downtime while they recover via immutable backups, he adds.

The results in four statewide elections Tuesday, the latest in the months-long march to determine the Democratic and Republican party flagbearers, were essentially a foregone conclusion as incumbent Biden and former president Trump had already seen off all primary challengers.

Dubai, UAE--Total spending using international cards in the UAE witnessed a growth of more than 25% during the year 2023. J.K. Khalil, General Manager, MENA East, Mastercard, told Emirates News Agency (WAM) that digital payments continue to experience remarkable growth in the UAE, with more users and companies opting for...

The region is in decarbonizing the built environment, with a focus on sustainable urban planning, energy-efficient buildings, and renewable energy integration.

Dubai, UAE - Parkin Company on Tuesday announced an increase in the number of shares offered in the UAE Retail Offer of its initial public offering (IPO) following an exceptional level of over-subscription and demand from retail investors. Following the approval of the Securities and Exchange Authority (SCA), the UAE...

A diplomatic source said the food aid has arrived at Ben Gurion airport near Tel Aviv before being transferred to the Palestinian Red Crescent at the Kerem Shalom crossing between Israel and Gaza. Morocco is the first country to transport its humanitarian aid via "this unprecedented land route".

Ittihad's miserable night was summed up in the final minute of normal time, when striker Abderrazak Hamdallah was given a second booking for grabbing Hilal defender Ali Al Bulaihi by the throat. The confrontation sparked a number of clashes between the opposing sets of players.