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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.
  • Iran’s response ‘inevitable’ after consulate strike, says Nasrallah

    Monday's strike in the Syrian capital levelled the five-storey consular annex of the Iranian embassy and killed seven Iranian Revolutionary Guards, two of them generals. Nasrallah, whose fighters have been exchanging near-daily cross-border fire with Israel since the Gaza war began in October, said the strike on the Iran consulate...
  • Stocks trip and oil surges as Middle East tension grows

    The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously expected, with the focus now on the release of key US jobs data later in the day. The sell-off followed a plunge across the board on Wall Street.
  • Iran supreme leader prays over bodies of slain Guards

    Tehran, Iran--Iran's supreme leader Ayatollah Ali Khamenei mourned Thursday the seven Revolutionary Guards killed in a strike in Syria, which he has blamed on Israel and has vowed to "punish", state media reported.The Guards, including two generals, were killed in the air strike on Monday which levelled the Iranian embassy's...
  • Israel acting against Iran and its proxies, says Netanyahu

    Israel has declined to comment on the Damascus strike but analysts saw it as an escalation of Israel's campaign against Iran's regional proxies that runs the risk of triggering a wider war. Among the dead were seven Iranian Revolutionary Guards, two of them generals.
  • Bodies of killed Iranian soldiers reaches Tehran from Syria

    Tehran, Iran - Iran has repatriated the bodies of seven Revolutionary Guard Corps members killed in a strike on the country's consular annex in Damascus, which Tehran blamed on Israel, local media reported.The Guards, including two generals, were killed in the air strike on Monday which levelled the Iranian embassy's consular...
  • Israel revokes leave for all combat units amid Iran threat

    Jerusalem - The Israeli army has suspended leave for its combat units, it said on Thursday, amid the Gaza war and as tensions with Iran grew after a strike on Tehran's consulate in Damascus.Israeli media reported that the military was also calling up more reservist soldiers "against the background of...
  • Israel will ‘be slapped’ for consulate strike, says Khamenei

    The Supreme leader said in a speech to officials in Tehran that the defeat of "the Zionist regime in Gaza will continue and this regime will be close to decline and dissolution." He said "desperate efforts" like the one committed in Syria will not save them and they will be...
  • Iran discovers giant shale oil reserves in several regions: NIOC

    Tehran, Iran -- The National Iranian Oil Company (NIOC) has said that shale oil deposits have been discovered in 10 different locations across the country.The director of exploration at the NIOC, Mehdi Fakour, announced that the company's specially designed model will enable the extraction of oil from these resources.Fakour stated...
  • Iran-Turkey trade expands to US$930m in first two months of 2024

    Tehran, Iran--The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a one percent increase compared to the same month last year.According to the latest figures released by the Turkish Statistical Institute (TURKSTAT), Iran’s trade with the neighboring country stood at $919...
  • Iran calls for ‘international community response’ after Israel’s Syria attack

    In a statement, Iran's foreign ministry spokesman Nasser Kanani "strongly condemned" the attack and said that Iran "reserves the right to carry out a reaction and will decide on the type of response and the punishment of the aggressor." Iran's ambassador in Damascus, Hossein Akbari, said, "the five-storey consulate building...
  • Hizbollah vows revenge for Israeli missile strike in Syria

    Beirut, Lebanon--Lebanon's Iran-backed Hizbollah group warned Tuesday that Israel will pay for killing high-level Iranian Revolutionary Guards (IRGC) in a strike on the country's consulate in Damascus, Syria, the day before.Hizbollah has exchanged near-daily cross-border fire with Israel in support of its ally Hamas since the Gaza war erupted in October."Certainly,...
  • Iraq to import electricity from Jordan to ease its chronic outages

    Baghdad, Iraq -- Iraq said Friday a power line would soon bring electricity from Jordan to the border area as authorities aim to diversify energy sources to ease the country's chronic outages.With its generating capacity ravaged by decades of conflict and underinvestment, Iraq has long relied on imports of both gas...
  • Syria strikes kill 17 including Iran Guard, WHO worker

    According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and four Syrian and nine Iraqi fighters with pro-Iran groups were killed in strikes on a villa in Deir Ezzor city and on the town of Albu Kamal on the Iraqi...
  • Hamas leader Haniyeh visits Iran: state media

    Haniyeh's visit comes after a resolution adopted by the UN Security Council on Monday called for an "immediate ceasefire" for the ongoing Muslim holy month of Ramadan, leading to a "lasting" truce. Iranian foreign ministry spokesman Nasser Kanani described Monday's resolution as a "positive but insufficient step".
  • Iraqi PM to visit Washington for troop talks

    Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence, the White House announced on Friday, as tensions subside following US clashes with pro-Iran militias.It will mark the first trip to Washington by Prime Minister Mohamed Shia al-Sudani, who took...
  • Iran signs deals worth US$13bn to boost oil production

    The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields. The deals have been labelled as Iran's "biggest oil contracts in the past decade" that are aimed to add 350,000 barrels per day to the Islamic republic's daily production.
  • Iran signs big contracts to increase oil production

    Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western sanctions. In a ceremony broadcast on state TV, the oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields.
  • US sanctions network smuggling American tech to Iran’s central bank

    US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates, and three individuals allegedly linked to them including Pouria Mirdamadi, a French-Iranian dual national. "The United States will continue to use all available means to disrupt the Iranian regime's illicit...
  • G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

    Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles to Russia for use in Ukraine."We reiterate our call on third parties to immediately cease providing material support to Russia's illegal and unjustifiable war of aggression against Ukraine or face...
  • Iran’s aluminum ingot output up 7% in Feb 2024

    Tehran, Iran -  Iran’s production of aluminum ingot in the country registered a 7% growth in the first 11th month of this Iranian year, the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO). Iran’s four major aluminum production companies produced 54,893 tons of aluminum ingots in February 2024, the...
  • Baghdad, Tehran in talks to import gas from Turkmenistan

    Tehran, Iran - Baghdad and Tehran are currently engaged in negotiations to facilitate the import of gas from Turkmenistan, with the Iraqi Minister of Electricity Luay Al-Khatteeb revealing that discussions are underway to utilize Iran's extensive network for the transportation of Turkmenistan's gas.Highlighting the challenges in establishing direct lines for...
  • China, Russia and Iran to launch joint navy drills in Gulf of Oman

    Beijing, China - The navies of China, Russia and Iran are staging joint drills in the Gulf of Oman this week, Beijing said Monday.The military activities -- to be conducted from Monday through Friday -- are aimed at "jointly maintaining regional maritime security", according to a statement published on social media...
  • Iran agricultural, food exports hit US$5.5bn in 11 months

    TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products worth US$5.5 billion to over 130 countries during the first eleven months of the year.Rouhollah Latifi, the spokesperson for the Trade Development Commission at the Iranian Ministry of Industry, Mine,...
  • Iran hits out at UN experts report on 2022 protests

    TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022, denouncing Western countries' "Iranophobia".The report was built on "baseless claims" and "false and biased information, without a legal basis", foreign affairs ministry spokesman Nasser Kanani said in a statement.International experts said the...
  • Muslims pray for end to Palestinian suffering as Ramadan nears

    Other parts of the Islamic world may be grappling with their own challenges, from conflicts to high inflation. But many Muslims say their thoughts are with Palestinians this year.
  • US vows to hold Houthis ‘accountable’ for deadly strike

    The Houthi rebels have been defiantly hitting ships in vital commercial waters in professed solidarity with the Palestinians as Israel pounds Hamas-ruled Gaza in response to the October 7 attack. Asked if the latest attack showed a failure of the US and UK strikes on the Houthis, Miller said, "We...
  • Iran declares 41 percent voter turnout in key elections

    Tehran, Iran - Iran on Monday announced a turnout of 41 percent in last week's elections for parliament and a key clerical body -- a record low since the 1979 Islamic Revolution, according to voting records.Conservatives were reported to have secured the bulk of seats in Friday's elections for the national...
  • Western countries shelve plans to censure Iran at UN nuclear meet

    Western powers will not censure Iran over its lack of cooperation with the UN nuclear watchdog at its Board of Governors meeting for fear of aggravating geopolitical tensions, diplomats said. Last week, the International Atomic Energy Agency said in confidential quarterly reports that Tehran's cooperation with the agency remained poor...
  • Iran and Russia to sign new contracts to develop oil, gas fields

    Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the oil ministers of the two countries.Iranian Oil Minister Javad Owji held talks with Nikolay Shulginov, the Minister of Energy of Russia, on the sidelines of the GECF Summit in Algeria on...
  • Iran conservatives secure bulk of seats in elections: media

    Authorities were still counting ballots two days after Friday's vote for members of parliament and for the Assembly of Experts, which selects the Islamic republic's supreme leader. The official IRNA news agency put the turnout at around "41 percent" among 61 million eligible voters. No official figure had yet been announced.
  • Conservatives tipped to win in Iranian elections as counting begins

    Tehran, Iran - Iran began counting ballots on Saturday after a vote for parliament and a key clerical body, with local media estimating a low turnout and conservatives expected to dominate.Friday's elections were the first since widespread protests triggered by the September 2022 death in police custody of Mahsa Amini, 22,...
  • Three Hizbollah fighters killed in Israeli strikes on Lebanon

    An Israeli strike on a car in south Lebanon killed three Hizbollah fighters, a security source said, the latest in almost five-months of escalating cross-border fire between the Iran-backed group and Israel. Since war erupted between Israel and Hamas on October 7, Hizbollah has been launching near-daily attacks from Lebanon...
  • Global criticism of Israel after ‘massacre’ of Gazans lining for food

    Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a chaotic incident which the Hamas-run territory's health ministry said killed over 100 people. The Israeli military said a "stampede" occurred when thousands of desperate Gazans surrounded a convoy of 38...
  • Iran launches imaging satellite Pars 1 from Russia

    Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The launch of "Pars-I" with the Russian Soyuz-2.1b launcher was broadcast live by state television in Iran. The satellite was launched "from Russia's Vostochny launch base", some 8,000 kilometers east of...
  • Iran gears up for elections dominated by conservatives

    Conservative daily Vatan-e-Emrouz hailed what it called the population's "interest in the candidates' electoral campaigns", which began on February 22. In Tehran, where less than 20 percent of eligible voters cast their ballots in 2020, election banners are visibly less prevalent than the previous elections.
  • US envoy blames Iran, Hizbollah for aiding Houthi attacks

    The US special envoy for Yemen, Tim Lenderking, told a Senate subcommittee that Iran was "equipping and facilitating" the Huthi attacks, which have triggered retaliatory US and British strikes on Yemen. He said many Iranian and Hizbollah operatives support Houthi attacks from inside Yemen.
  • Iran becomes world’s ninth biggest steel producer, says WSA

    TEHRAN, IRAN – The Middle Eastern country has improved its global standing in steel production, becoming the ninth largest producer in January 2024, according to new data released by the World Steel Association (WSA).In the first month of 2024, Iranian steel mills produced a total of 2.6 million tons of...
  • Pakistan-Iran gas pipeline recommences after 10-year delay

    Tehran, Iran -- In a significant step towards enhancing energy cooperation between Pakistan and Iran, Islamabad has given the green signal for advancing much-delayed work on gas pipelines within its territory.This marked considerable progress in the Pak-Iran gas pipeline project, Mehr News Agency reported.The approval comes as Pakistan has scrambled...
  • Two Hizbollah members killed by Israeli strike in Lebanon

    Baalbek, Lebanon - Israeli strikes near the Hizbollah-dominated city of Baalbek killed two group members on Monday, two security sources told AFP, in the first strikes on Lebanon's east since clashes began after the Gaza war."Two Hizbollah members were killed in the Israeli strikes near Baalbek," a security official told AFP,...
  • Pakistan greenlights construction of long-awaited Iran-Pakistan gas pipeline

    Tehran, Iran -  Pakistan has decided to link the gas pipeline from the country's Gwadar port city to the Iranian border as part of the Iran-Pakistan project.According to Pakistani media, the country will expedite the project, which faced significant delays, in two phases.Pakistan’s Special Investment Facilitation Council (SIFC) ratified a...
  • Houthi missile attack damages British-owned ship off Yemen

    Dubai, United Arab Emirates - Yemen's Iran-backed Houthi rebels fired two missiles at a British-owned cargo ship passing through the Gulf of Aden on Thursday, causing one minor injury and damage to the vessel.The rebels, who control much of Yemen, have carried out months of attacks on merchant vessels in the...
  • Israeli air attack kills two in Damascus, says state media

    An Israeli strike on a residential area of Damascus killed at least two people, Syrian state media reported, the latest deaths from an escalating Israeli air campaign since the Gaza war erupted in October. Israel has launched hundreds of air strikes in Syria since civil war broke out in 2011.
  • Iran oil minister blames Israel for gas pipeline sabotage

    Tehran, Iran--Iran said Wednesday that Israel was behind twin sabotage attacks against gas pipelines that disrupted supplies in at least three provinces last week.The February 14 explosions hit pipelines in the cities of Safashahr in the southern province of Fars and Borujen in the southwestern province of Chaharmahal and Bakhtiari.Officials...
  • Iran-EU trade surpasses US$5bn in 2023, says Eurostat

    TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member states traded over US$5 billion (€4.7 billion) worth of goods in 2023.Trade between Iran and the member states of the European Union recorded a decrease of 9 percent from January...
  • Iran unveils air defense systems amid rise in Middle East tensions

    Tehran, Iran - Iran unveiled two new air defense systems on Saturday, state media reported, with tensions high in the Middle East amid the war in Gaza."The Arman anti-ballistic missile system and the Azarakhsh low-altitude air defense system, built by the ministry of defense, were unveiled this morning," the official IRNA...
  • Iran, Armenia eye $3 billion bilateral trade volume

    Tehran, Iran – Deputy Prime Minister of Armenia Mher Grigoryan on Thursday said that Iran and Armenia have the potential to increase the volume of their bilateral trade to $3 billion.Grigoryan made the remarks during the 18th meeting of the Iran-Armenia Joint Economic Commission where he also described Iran as...
  • Saboteurs hit Iran pipelines disrupting gas supply: state media

    The saboteurs hit pipelines in the cities of Borujen in the southwestern province of Chaharmahal and Bakhtiari, and Safashahr in the southern province of Fars, Aghli said, adding that there were no casualties in the explosions or the ensuing fires.
  • Qatar’s ties with Iran closer than ever: Sheikh Tamim bin Hamad

    Doha, Qatar-- Qatar's Emir Sheikh Tamim bin Hamad Al Thani has affirmed that the ties between Qatar and Iran have never been closer.The emir stated this in a meeting with Iran's Foreign Minister Hossein Amir-Abdollahian in Doha.During the meeting, Amir-Abdollahian conveyed the greetings of Iranian President Ebrahim Raisi to Al Thani...
  • Iran fires first ship-based long-range ballistic missiles

    TEHRAN, IRAN - Iran's Islamic Revolutionary Guard Corps (IRGC) said on Tuesday it has launched long-range ballistic missiles from a warship for the first time.The launch from the Shahid Mahdavi during naval maneuvers involved firing two ballistic missiles capable of striking targets up to 1,700 kilometerees (1,050 miles) away."The IRGC for...
  • IMF, World Bank say Gaza and Red Sea attacks risk to world economy

    World Bank President Ajay Banga said that "what's going on Gaza, but also the challenges of Ukraine... and the Red Sea" are among the top challenges to the global economic outlook. "When you add variables to what is turning out to be probably the lowest growth of the last 55...