Borse Dubai to sell Nasdaq shares
The sale is poised to generate $1.59 billion.
UN passes resolution on Palestinian Right to Self-determination
Earlier on, the United Nations General Assembly voted by a majority five resolutions in favor of the Palestinian cause, especially the refugee issue.ÂArdian, Mubadala Capital announce $2.1bn private equity partnership
New York, USA - Ardian, a world leading private investment house, and Mubadala Capital, the asset management arm of Mubadala Investment Company, today announced a new partnership that will see Ardian invest in a portfolio of high-quality private equity assets managed by Mubadala Capital, and in parallel Ardian will make...Amgen to buy Horizon Therapeutics
The US biopharma firm will pay US$28 billion for the deal.Excerpt from new Rushdie novel released four months after stabbing
The 75-year-old writer, who had received death threats after the publication of his "The Satanic Verses" in 1988, was stabbed several times in the neck and abdomen.Muslim World League, Columbia University launch International Religions Lab
The lab will be a global platform for research and training in protecting societies from all forms of hatred.Walmart posts Q3 loss of $1.8bn
Settlement on opioid cases hit earnings of the firm.FTX goes bankrupt in US
The Cryptocurrency platform chief executive quits.Microsoft co-founder’s art to fetch US$1bn at auction
Expected to fetch more than $1 billion at the two-day sale in New York, late Microsoft co-founder Paul Allen's art collection will be up for grabs at Christie's at a time when experts say the super wealthy are viewing art as a safe investment this year amid a tumultuous global...ExxonMobil Q3 net surges to US$19.7bn
Hike in profit was due to high oil, natural gas prices.GM posts Q3 profit of US$3.3b
US automaker was bolstered by strong vehicle pricing.US ‘deeply concerned’ about clashes in West Bank
Hady Amr also reiterated the Biden administration’s commitment to rebuilding bilateral relationship with the Palestinian people and to a two-state solution.DMCC holds events in Miami and New York to attract US companies
Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and New York, which were aimed at attracting more companies from the US to the UAE. DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was...Musk seeks to lift regulator ‘muzzle’ on Tesla tweets
The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors, pay a $20 million fine and, after another controversial tweet in early 2019, demanded his tweets directly related to business of the company be vetted by a lawyer before posting.UAE, Russia review bilateral relations, strategic ties
The UAE foreign minister noted both the countries support each other to achieve sustainable economic growth and enhance the prosperity of their people.UAE, UN Women discuss gender equality, empowerment
NEW YORK, US - UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan discussed enhancing the prospects of women empowerment and gender equality with Sima Bahous, chief of UN Women. The two met at the Permanent Mission of the UAE to the United Nations in New York during the 77th...Lapid under fire over backing Palestinian statehood at UN
The premier reiterated his long-held position that a two-state solution to the decades-old Israeli-Palestinian conflict was in Israel's interest, a notion that faded during Netanyahu's 2009-2021 tenure as prime minister. Lapid contended a large majority of Israelis supported a two-state solution, "and I am one of them".We are helping Lebanon to deal with economic challenges: Blinken
The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues.UAE, France, India share vision on sustainable growth: Sheikh Abdullah
New York, USA - UAE, France and India have discussed the need for enhancing global cooperation to counter energy and good security challenges. The foreign ministers of the three countries met on the sidelines of 77th session of the United Nations General Assembly in New York. Sheikh Abdullah bin Zayed...OIC Secretary General meets US Ambassador-at-large for religious freedom
The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place in Washington last May were reviewed.Kuwait renews support for peace initiative in Yemen
Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability in the war-scarred country.Louvre Abu Dhabi, NYUAD sign collaboration agreement in key areas
Abu Dhabi, UAE -- Louvre Abu Dhabi and New York University Abu Dhabi (NYUAD) signed an MoU to collaborate in areas ranging from education, research, and talent development to performances and programmes. The MoU involves exchanges among faculty, staff, and students through programmes, events, and research projects; mutual access to institutional...Future Investment Initiative Institute to hold events in Riyadh, New York
Riyadh, Saudi Arabia-- The Future Investment Initiative Institute said Thursday two of its major events will be held in September and October---its flagship event in Riyadh from Oct 25-27 and PRIORITY summit in New York on Sept. 22. The PRIORITY will be held on the sidelines of the 77th session...After Italy, US now returns antiquities to Egypt
A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...US returns stolen antiquities worth US$19m to Italy
US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...Equity markets mixed as eurozone inflation hits record
Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead. New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the...US nears 1m Covid dead, as New York seeks to move on
America recorded its first coronavirus death, on the West Coast, in early February 2020. By the next month, the virus was ravaging New York and the White House was predicting up to 240,000 deaths nationwide. But those projections were way off.Jordan king, queen to receive Path to Peace Award in New York
The award will be presented by the Path to Peace Foundation affiliated with the Permanent Observer Mission of the Holy See to the United Nations.S&P keeps Kuwait’s credit ratings at A+ with negative outlook
Kuwait's long and short-term foreign and local currency sovereign credit ratings have been affirmed at 'A+/A-1' by Standard & Poor's Global Ratings agency with a negative outlook. "The negative outlook primarily reflects risks over the next 12-24 months relating to the government's ability to overcome the institutional roadblocks preventing it...Brent oil rebounds 5 percent from slump as hopes of supplies rise
European benchmark Brent North Sea crude climbed 5.1 percent to $116.80 per barrel in morning deals. New York's WTI contract advanced 3.5 percent to $112.58. Both contracts had collapsed by more than 12 percent in value on Wednesday, as traders also seized on a glimmer of hope for peace talks...Professor Roubini on Global and Regional Economies
Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel RoubiniUAE calls for ‘cessation of hostilities’ in Russia-Ukraine war
The UAE has called for immediate cessation of hostilities in the war between Russia and Ukraine. The appeal came in a meeting of the UN Security Council in New York.PIF opens 3 overseas firms
The new companies’ offices are in London, New York, and Hong Kong.UN envoy to West Sahara in Morocco for first regional tour
Staffan de Mistura, a veteran Italian, diplomat began his first visit to the region and landed in Rabat.Tel Aviv residents face soaring costs in world’s priciest city
Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.Dubai’s Mashreqbank hit with $100m fine in US
The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions.Lebanon central bank audit demanded by creditors to resume
A New York-based firm contracted by the Lebanese government is to resume its audit of the central bank Thursday in line with creditors' demands, the Lebanese presidency and a top official said.Dubai 11th popular city for investment visa programs, second for Covid safety
Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security, infrastructure, etc.Kuwait Airways to resume New York flight
The destination is in high demand from business travelers, tourists.From grey to green: world cities uprooting the urban jungle
The reforestation is part of an $11-billion green initiative that also includes creating 3,000 parks in the Saudi capital.4 charged with plot to kidnap New York-based Iranian journalist
Four Iranian nationals were indicted Tuesday on charges of plotting to abduct a journalist in New York, the Justice Department said.Saudi Arabia’s first dedicated style event Fashion Futures to go digital
It will launch on June 17 and will be broadcast live from studios in Riyadh and New YorkAbu Dhabi’s UEMedical partners with US private equity firm
The new investment would enable UE Medical to scale up its service offerings Olive Rock is based in Abu Dhabi Global Market, while Cerberus is an American private equity firm with about $55 billion in assets United Eastern Medical Services (UEMedical), a major healthcare services provider in Abu Dhabi,...