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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.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • Gulf states on Iran’s doorstep scramble for end of war

    Doha, Qatar -- As Iran and Israel trade strikes and the US weighs joining in, wealthy Gulf states on the conflict's doorstep are engaged in frantic diplomacy to halt the war -- but solutions remain elusive. A spillover of the conflict or the Iranian government's collapse are both worrying outcomes...
  • GCC unified tourist visa to be introduced within 2 years, says UAE minister

    ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council (GCC) countries will roll out a unified Gulf tourist visa within the next two years which will grant travelers, access to six countries.Al Marri said the seventh meeting of GCC...
  • GCC and ASEAN denounce Gaza attack, urge permanent ceasefire

    The six-member Gulf Cooperation Council (GCC) and the 10-member Association of Southeast Asian Nations (ASEAN) also called for the release of some 200 hostages held by Hamas, as well as the restoration of basic services for Palestinians and the delivery of humanitarian aid.
  • ‘Act of cruelty’: 150 cats dumped in UAE desert, dozens die

    Dubai, United Arab Emirates - Some 150 cats have been found left for dead in the desert in the United Arab Emirates, the animal rights group PETA said on Friday.Activists in the oil-rich Gulf state said dozens of the cats had died, while some were rescued alive.PETA called on the UAE...
  • Fourth soldier dead due to Houthi attack, says Bahrain

    Manama, Bahrain - A fourth Bahraini soldier has died after an attack this week on his country's contingent in the Saudi-led coalition battling Yemen's Houthi rebels, the Gulf archipelago's army said.Bahrain had previously announced the deaths of three of its soldiers in Monday's attack near the Saudi border with Yemen. It...
  • Iran does not intend to build nuclear weapons: Raisi

    Defending his country's enrichment of uranium to 60 percent purity level, noting that it was a response to European states failing to live up to the 2015 nuclear agreement, Iranian President Ebrahim Raisi has categorically rejected the Western states' claim that Tehran intends to build nuclear weapons, in an interview...
  • Houthis display military strength two days after Saudi talk

    Armored cars, missiles and thousands of uniformed fighters filed past Houthi dignitaries in a show of strength from the Iran-backed group, as a military jet buzzed overhead. The parade took place two days after a Houthi delegation left Riyadh following "positive" but inconclusive talks aimed at ending a war that has ravaged...
  • Erdogan, Netanyahu meet as Turkey, Israel seek to improve ties

    Turkey's President Recep Tayyip Erdogan met in New York with Israeli Prime Minister Benjamin Netanyahu, who said "ties between the two countries were improving". After more than a decade of tensions, relations have improved with recent high-level visits, including that of Israeli President Isaac Herzog to Ankara last year.
  • Iran seizes two oil tankers and arrests crews for alleged fuel smuggling

    Tehran, Iran - Iran has seized two oil tankers allegedly carrying smuggled fuel in the Gulf and arrested their crews, state television announced on Friday."The Revolutionary Guards naval forces seized two ships over the course of the last two days," state television said, citing Mohammad-Sharif Shirali, a Guards commander."The seized tankers......
  • Gulf banks to maintain resilience despite challenges, says S&P Global

    According to the credit rating agency, a combination of higher interest rates and production cuts by the OPEC is expected to restrain near-term growth prospects for major GCC economies. However, non-oil growth is anticipated to bolster the region's economies, particularly in Saudi Arabia and the UAE.
  • Bahrain prison inmates suspend strike after 36 days

    According to some activists at least 800 inmates joined the strike, the biggest in Bahrain's history. But Bahraini authorities said only 121 inmates took part. The mass hunger strike was suspended after 36 days in the wake of assurances from the authorities to improve conditions. Activists said some prisoner's health...
  • GCC chief highlights private sector’s role in sustainable Gulf economy

    Manama, Bahrain--GCC Secretary-General Jassim Al-Budaiwi has emphasized the crucial role of the private sector in ensuring a sustainable and resilient Gulf economy. Al-Budaiwi made these remarks during his speech at the 62nd meeting of the Board of Directors of the Gulf Chambers, hosted by Bahrain.The meeting was chaired by Hassan...
  • US, Saudi, India, UAE eye railway accord at G20 summit: report

    New Delhi, India - President Biden, along with the leaders of India, Saudi Arabia, and the United Arab Emirates (UAE), is likely to ink a railway deal to connect the Middle East during the G20 Summit in New Delhi, a report published in Axios.com said. The initiative aims to establish a...
  • Demarai Gray quits Everton to join Saudi Arabia’s Al-Ettifaq

    London, United Kingdom - Demarai Gray has left Everton for Al-Ettifaq ahead of Thursday's transfer deadline in the Saudi Pro League.The 27-year-old forward is the latest Premier League player to head to the Gulf nation, joining former Liverpool midfielder Jordan Henderson at the club managed by Steven Gerrard.Gray's departure from Goodison...
  • Smart factories transform manufacturing across GCC

    Saudi Arabia and UAE lead the region in rapidly embracing the Fourth Industrial Revolution, shifting from traditional factories to smart ones.
  • Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

    LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on FridayEgypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made to...
  • Gulf Federation for Electronic Sports formed, will develop regional talent

    Riyadh, Saudi Arabia - The Gulf Federation for Electronic Sports was established Thursday on the sidelines of the Next World Forum, to support, nurture, and develop Gulf talents through annual tournaments hosted by all countries.The launch was attended by the Chairman of the Board of Directors of the Saudi E-Sports...
  • Abu Dhabi to unveil one of world’s biggest airport terminal

    Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi in November, state media said Thursday, accelerating competition in the crowded Gulf market.Terminal A in the oil-rich United Arab Emirates capital, touted as one of the world's biggest, will be...
  • Iraqi security forces seize 15 tons of illegal drugs and precursor chemicals

    War-scarred Iraq, originally mainly a drug transit country, has faced an explosion in narcotics use in recent years, mainly of captagon and crystal meth.
  • Another Saudi sports push: PIF buys stake in US mixed martial arts league

    Combining elements of everything from boxing to judo and Muay Thai, mixed martial arts (MMA) had a limited following in Saudi Arabia just a decade ago, but that started to change when the kingdom hosted the popular regional Desert Force competition in 2014.
  • Sharjah to host Gulf-Iraq business forum to ramp up economic ties

    Sharjah, UAE--Sharjah will host the first-ever Gulf-Iraq Business Forum on 26th and 27th September to boost economic ties between the GCC and Iraq.The event is an initiative of the Federation of GCC Chambers and is being organized in partnership with the Federation of UAE Chambers of Commerce and Industry (FCCI),...
  • Iran inaugurates final phase of country’s largest gas field

    The South Pars gas field is one of the world's largest natural gas condensate fields. Iran shares the gas field with energy giant Qatar and there are 24 platforms on the side of the Islamic republic which has been developing it in the Gulf since the 1990s.
  • Spanish footballer Veiga to play for Saudi club Al Ahli

    Gabri Veiga, one of Spain's most promising young players, signed for Saudi Arabian side Al-Ahli from Celta Vigo in a move greeted with disquiet in Spain. Clubs in the Gulf state have signed several of football's top veteran stars this summer on huge deals, including Ballon d'Or holder Karim Benzema...
  • GCC chief stresses importance of strategic partnership with US

    Riyadh, Saudi Arabia--GCC Secretary General Jasem Albudaiwi has emphasized the importance of Gulf-US strategic relations that support joint cooperation and coordination across all fields.In a statement today, he highlighted the outcome of the joint meeting which was held last June between the GCC foreign ministers and the USA.The GCC chief...
  • Saudi MMA players out to ‘prove themselves’

    Mixed Martial Arts became popular in the kingdom since 2014, when it hosted the regional Desert Force competition.
  • US beefs up military presence in Gulf over Iran oil tanker ‘threat’

    Three thousand additional US personnel on troop-landing warships have already passed through the Red Sea, and US-led maritime forces are warning ships against approaching Iranian waters. The moves follow a spate of capture and attempted capture of ships in and around the Strait of Hormuz, the U-shaped gateway to the...
  • Brazil footballer Neymar to join Saudi Arabia’s Al-Hilal

    Paris, France - Brazil forward Neymar has signed for Saudi Arabia's Al-Hilal from Paris Saint-Germain, the clubs announced on Tuesday, joining Cristiano Ronaldo and Karim Benzema as the latest big name lured to the Kingdom."I am here in Saudi Arabia, I am Hilali," Neymar said in a video posted to Al...
  • US special Yemen envoy Lenderking’s Gulf tour to push for longer truce

    "The United States is committed to supporting a resolution to the Yemen conflict as soon as possible. We are working closely with the UN, Saudi Arabia, UAE, Oman, and other partners to build on the UN-mediated truce, which has delivered the longest period of calm since the war began, and...
  • Naval forces in Gulf warn ships against nearing Iranian waters

    "Vessels are being advised to transit as far away from Iranian territorial waters as possible" to minimize the risk of seizure, US Fifth Fleet spokesperson Commander Tim Hawkins told AFP. The International Maritime Security Construct (IMSC), led by Washington, is "notifying regional mariners of appropriate precautions to minimize the risk...
  • Kuwait bars Barbie movie from theatres citing ‘public ethics’

    Kuwait City, Kuwait - Kuwait has barred hit film Barbie from cinemas over concerns about "public ethics", officials have said, also confirming a separate ban on a horror movie featuring a transgender actor.Barbie and Talk to Me both "promulgate ideas and beliefs that are alien to the Kuwaiti society and public...
  • Lebanon urges calm after Gulf states issue travel advisory

    "The situation in Ain al-Helweh camp has now calmed down," Interior Minister Bassam Mawlawi said referring to south Lebanon's restive Palestinian camp. "Security and intelligence services... have no information that the situation could spin out of control and spill over to other camps," he said.
  • Kuwait bars film from screening for showing trans actor

    The film titled 'Talk to Me' features Australian actor Zoe Terakes. (AFP)
  • Lebanon’s minister backtracks on Kuwaiti aid comments

    BEIRUT, LEBANON - A Lebanese minister on Saturday sought to clarify comments condemned by Kuwait over aid money to rebuild Beirut's grain silos that were destroyed in a devastating port blast three years ago.The oil-rich Gulf state in 2020 said it was ready to rebuild the storehouses, which Lebanon had constructed...
  • Blazing heat spurs record energy consumption in Bahrain

    Life in Bahrain largely moves indoors during the summer months, with the ever-present Arctic blast of air-conditioning systems.
  • Iran guards launch naval drills near Gulf islands claimed by UAE

    Tehran, Iran - Iran's Revolutionary Guards launched naval drills on Wednesday near strategic Gulf islands controlled by Iran but claimed by the United Arab Emirates, state media said.The manoeuvres, which were being held mainly near Abu Musa island but also around Greater and Lesser Tunb, came two weeks after the United...
  • French footballer Maximin to play for Al-Ahli after three-year deal

    Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club Newcastle as the cash-rich and ambitious Gulf kingdom's league snared another top-level player."We pick the best, and he's one of them," Al-Ahli said on social media.The financial terms of the...
  • Saudi club Al-Ettifaq signs English footballer Jordan Henderson

    Liverpool, United Kingdom - Liverpool captain Jordan Henderson completed his move to Saudi Pro League side Al-Ettifaq on Thursday, becoming the latest big-name player to be lured to the Gulf state.The England midfielder, who posted a farewell message on Wednesday, has ended a 12-year stay at Anfield, during which he won...
  • Kuwait records its first fiscal surplus in nine years on oil prices surge

    The Gulf emirate, whose revenues rely heavily on hydrocarbons, closed its fiscal balance with a surplus of $21 billion, the ministry said. More than 92 percent of revenues came from oil after prices surged following last year's Russian invasion of Ukraine.
  • Iraqi forces seize million captagon pills as drug trade surges

    Authorities in Iraq -- a key conduit for the amphetamine-type drug -- regularly announce such operations in which large hauls of captagon are seized, often coming from Syria with which it shares 600-kilometre (370 miles) porous border.
  • Turkish President Erdogan concludes economy-driven Gulf tour in UAE

    The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage for increased non-oil intra-trade, job creation, and a significant boost in UAE exports to Turkey.
  • Energy security and supplies dominate Qatar Emir-Japan PM talks

    Kishida and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "developments related to energy security and supplies," the Qatari leader said in a statement. They will attend a Japan-Qatar meeting that aims to "promote cooperation in energy security and in the field of clean energy and decarbonization," said Japan's foreign ministry.
  • Turkey’s ‘biggest ever’ defense deal inked during Erdogan’s Saudi visit

    Haluk Bayraktar, CEO of the drone manufacturer which is co-run by one of Erdogan's sons-in-laws, in a tweet called the deal "the biggest defence and aviation export contract in the history of the Turkish Republic". The value of the deal has not been made public.
  • Qatari small and medium-sized companies sign deals worth US$201m in H1

    Doha, Qatar--Small and medium-sized companies in Qatar have signed deals worth $201 million during the first half of 2023, benefiting from the various services of the Qatar's Export Development & Promotion Agency (Tasdeer). In a report, Tasdeer highlighted the momentum witnessed by the participation of small and medium-sized companies in...
  • Erdogan seeks foreign investment on Gulf tour, begins with Saudi Arabia

    Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to attract foreign investment in Turkey's ailing economy. The visit comes as Turkey battles currency collapse and soaring inflation. The Saudi-Turkish business forum was aimed at enhancing trade and investment relations.
  • UAE, India pledge for success of Dubai’s COP28 event

    The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra Modi paid a visit to the Gulf state. The oil-rich UAE will host the COP28 UN climate talks in November and December, as nations are still far on means to...
  • Four Gulf sovereign wealth funds among world’s top ten

    Abu Dhabi Investment Authority ($853 billion) and Kuwait Investment Authority ($803 billion) ranked fourth and fifth respectively, while Saudi Arabia's PIF was sixth in terms of assets. ADIA invests, on behalf of the government of Abu Dhabi, in equities, bonds, real estate and infrastructure., with most of its investments concentrated...
  • FIFA bars Saudi club Al-Nassr from admitting new recruits

    LAUSANNE, SWITZERLAND - Cristiano Ronaldo's Saudi club Al-Nassr are banned from registering new players until unpaid debts are settled, FIFA said on Thursday.The team "is currently prevented from registering new players due to outstanding debts", a FIFA spokesperson told AFP, without revealing the amount of the debts.World football's governing body did...
  • Saudi Arabia’s Al-Ettifaq hires former Liverpool star Steven Gerrard as coach

    Riyadh, Saudi Arabia--Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after signing a deal to become head coach of Al-Ettifaq.The 43-year-old has been out of the game since being sacked by Aston Villa in October.Gerrard had previously said he had turned...
  • Kuwait calls for border talks with Iran over gas field

    KUWAIT CITY, KUWAIT -  Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready to start drilling in a disputed gas field in the resource-rich Gulf.Kuwait insisted it held "exclusive rights" to the maritime field along with Saudi Arabia, after the neighboring countries agreed...
  • Gulf oil states on a charm offensive across South Pacific

    The Pacific bloc represents 12 of 55 votes in the United Nations' Asia-Pacific region, which also includes Saudi Arabia and the UAE. Pacific affairs expert Stewart Firth said "influence comes at a cheap price" in the small, developing economies that make up the Pacific.
  • Iranian pilgrims at ease during hajj post Riyadh-Tehran detente

    MECCA, SAUDI ARABIA- If a landmark reconciliation between Saudi Arabia and Iran has eased tensions in the Gulf, clouds have also lifted at the hajj pilgrimage, where Iranian visitors finally feel welcome again.Seven years of enmity between the Sunni and Shiite powers had made for a cool reception for Iranian pilgrims...