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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.
  • GCC media outlets think outside the box to stay afloat

    Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content.
  • GCC media outlets think outside the box to stay afloat

    Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche" content.
  • Airlines to fly 4.35bn passengers this year, says industry group

    ISTANBUL, TURKEY -  Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday.The sector will also be back in the green, with net profits forecast to reach $9.8 billion in 2023, or double...
  • UAE’s GDP expected to have grown by 7.6% in 2022: CBUAE

    Abu Dhabi, UAE-- The UAE's gross domestic product (GDP) is estimated to have grown 7.6 percent in 2022, shored up by economic activity across all sectors.The conclusion was made in an annual report released by the Central Bank of the United Arab Emirates (CBUAE), which said that the UAE's GDP...
  • Civil Society groups under ‘severe restrictions’ in Libya, says HRW

    TRIPOLI, LIBYA - Libyan authorities have imposed "severe restrictions" on local and international civil society groups, obstructing their work in the war-scarred country, Human Rights Watch (HRW) said on Tuesday."Libya's Government of National Unity (GNU) and other authorities are cracking down on non-governmental domestic and foreign organizations," the New York-based rights group...
  • China’s economy bounces back after zero-Covid scrapped

    Beijing, China--China's economy grew much better than expected in the first three months of the year as the country reopened after the end of zero-Covid measures, official data showed Tuesday.The figures were the first snapshot since 2019 of the world's second-largest economy unencumbered by the strict health controls that helped keep...
  • Video: Leaders find ways to unite fragmented world

    Efforts were made to bring together a divided world and find solutions to the ongoing global crises during the World Economic Forum's Annual Meeting held in Davos earlier this year.
  • China sets 5% growth target in 2023, one of the lowest in decades

    Beijing, China--China on Sunday set an economic growth target of "around 5 percent" for 2023, one of the lowest in decades, as its annual National People's Congress opened in Beijing.The target was announced in a work report delivered by outgoing Premier Li Keqiang as the rubber-stamp parliament opened at the capital's...
  • Elon Musk says close to 100 Starlinks ‘active’ in Iran

    San Francisco, United States--Nearly 100 Starlink internet terminals are currently operating in Iran, SpaceX chief Elon Musk said Monday.The tycoon had promised to bring the satellite internet network to the country in September as Iranian authorities imposed increasingly severe access restrictions, in a move activists called a campaign to limit information...
  • IATA says global passenger demand for air traffic growing

    Geneva, Switzerland— Total global air traffic has shot up 44.6 percent in October as against October 2021, according to the International Air Transport Association (IATA). Total traffic in October 2022 (measured in revenue passenger kilometers or RPKs) rose 44.6 percent compared to October 2021. Globally, traffic is now at 74.2...
  • UAE removes most Covid restrictions and eases mask rules

    Dubai, UAE—The United Arab Emirates has dropped almost all Covid restrictions as the rate of infection considerably drops in the country. Wearing masks in the UAE will now be optional in all open and closed facilities, including places of worship and mosques, except for health facilities and centers for people...
  • Ryanair earns bumper profit

    It posted a net profit of $1.36bn in H1.
  • EU proposes new sanctions on Russian exports

    The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil price cap and ban on Russian exports worth $7 billion. It also plans to expand its travel blacklist and asset freezes to include high-ranking Russian officials and organizers of the...
  • Air passengers number up, reveals global aviation meet in Dubai

    Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.
  • Joe Biden says Covid pandemic in US “is over”

    Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.
  • ‘Jordan not affected by India’s decision to restrict rice exports’

    President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties will not affect the Kingdom, as Jordanian traders do not import the types covered by the new restrictions.
  • Free of travel curbs, GCC residents fly away for a break

    In spite of high inflation, residents of the GCC countries are seeking newer destinations in Europe and beyond to travel to, Trupt Shah of Musafir.com tells TRENDS.
  • Restrictions on single-use plastics begin in Abu Dhabi

    Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its efforts for a "greener future". The "single-use plastic bags ban starts today... to encourage sustainable living in Abu Dhabi", the emirate's media office said. "Retailers in the emirate are encouraged...
  • Japan economy shrank as Omicron wave hit

    Japan's economy shrank slightly in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions and higher prices. Growth was also hit by the rising cost of imports with energy prices surging and the yen falling to its lowest level against the dollar in 20 years.
  • Taliban order women to wear all-covering burqa in public

    The Taliban on Saturday imposed one of the harshest restrictions on Afghanistan's women since seizing power, ordering them to wear the all-covering burqa in public. The militants took back control of the country in August last year, promising a softer rule than their last stint in power between 1996 and...
  • Record Airbnb bookings in Q1

    The firm says results signal travel rebound.
  • Heathrow airport blames big loss in 2021 on UK Covid curbs

    London's Heathrow airport announced Wednesday it narrowed annual losses only slightly in 2021 despite the reopening of global air travel, blaming what it said were stricter passenger curbs in Britain compared to the neighboring EU. Heathrow recorded pre-tax losses totaling £1.8 billion ($2.4 billion) last year, it said in a...
  • US restricts import of Afghan cultural items to prevent ‘pillage’

    The decree implemented on an "emergency" basis took effect on Friday based on a 'request' of a former government of Afghanistan that no longer exists.
  • Air travel momentum up as countries lift Covid restrictions: IATA

    Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold in recent weeks, according to the International Air Transport Association (IATA). Data released by IATA said that in the period around 8 February (seven-day moving average) the number of tickets...
  • UAE to lift Covid curbs on activities, events slowly

    This was revealed during the media briefing on the coronavirus pandemic by Dr. Saif Al Dhaheri and Dr. Farida Al Hosani, official spokespersons for NCEMA and health sector respectively.
  • IATA urges governments to accelerate lifting of travel restrictions

    The International Air Transport Association (IATA) urges urged governments to accelerate the relaxation of travel restrictions, saying evidence suggests a minimal impact of travel restrictions on the spread of the virus. IATA called for removing all travel barriers (including quarantine and testing) for those fully vaccinated with a WHO-approved vaccine,...
  • WHO chief says how World can end Covid emergency this year

    The countries need to work harder to ensure equitable access to vaccines and treatment, track the virus and its emerging variants, and keep restrictions in place, Tedros Adhanom Ghebreyesus told the UN health agency's executive board.
  • Covid restrictions hit spending, slowing eurozone growth

    Economic growth in the eurozone slowed sharply in January, a key survey showed Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region's recovery.
  • OPEC expects robust oil demand in 2022 to overcome Omicron threat

    Global demand for oil is expected to remain "robust" in 2022 and overcome short-term disruption caused by the Omicron coronavirus variant, the Organization of Petroleum Exporting Countries said on Tuesday. But the Saudi-led group of top oil producers warned future virus strains and pandemic-related travel restrictions could threaten the global...
  • Saudi boosts pandemic measures at Makkah’s Grand Mosque

    Saudi Arabia on Thursday reimposed social distancing measures at the Grand Mosque in Makkah, after recording the highest number of infections in months. Workers have returned floor markings removed on October 17 to guide people to social distance in and around the Grand Mosque -- which is built around the...
  • IEA sees ‘more comfortable’ year for oil market in 2022

    The Omicron coronavirus variant will slow the recovery in global demand for oil but the market will be "more comfortable" in 2022, the International Energy Agency said on Tuesday. The oil market "appears to stand on a better footing than it has for some time," the IEA wrote in its...
  • Lebanon imposes curbs for Belarus-bound air passengers

    All airlines operating from Beirut must limit passengers departing on direct or indirect flights to Belarus to Belarusian citizens, Lebanese citizens holding visas or residency permits for Belarus, and "Arabs and foreigners having residency permits in Belarus". Lebanon said the measures were effective immediately until further notice.
  • Emirates expects to return to profit in ‘next 18 months’ as losses drop by half

    Aviation giant Emirates expects to return to profitability "in the next 18 months" as the sector bounces back from the Covid pandemic, its president Tim Clark said Tuesday. The Dubai-based carrier said last week it was on the path to recovery as six-month losses dropped by more than half from...
  • Gaza fishermen struggle for a catch under Israel’s blockade

    Crashing through the Mediterranean waves at sunset, Palestinian fisherman Mohammed al-Nahal leads a convoy of rickety boats out for another risky night under the Israeli blockade of the Gaza Strip.
  • UAE to ease Covid curbs, allow bigger home gatherings

    Owing to the decline in the transmission of coronavirus in the country, the United Arab Emirates has decided to relax the restrictions and permit citizens to take part in weddings and gatherings at home.
  • ACC of Saudi Arabia expects a rebound in business

    Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the easing of Covid pandemic restrictions in the kingdom.
  • Saudi non-oil private sector grows fastest in seven years in September: IHS

    There has been a sharp growth in Saudi Arabia’s non-oil private sector in September, the fastest in seven years, according to HIS Markit.
  • UAE to cut fuel prices from September 1

    The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic restrictions.
  • Majid Al Futtaim’s H1 revenue dips 10 percent

    Majid Al Futtaim, a shopping mall operator in the Middle East, has reported a drop in revenues for the first half of 2021 attributed to the Covid pandemic restrictions.
  • Emirates to increase salaries of employees

    Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to save the airline from going under last year when Covid swept through the whole world.
  • Israel tightens restrictions as virus cases leap

    The measures, announced Sunday, require vaccination certificates or negative coronavirus tests to enter a range of public spaces
  • Saudi pupils ready to be back at school

    Confined to homes for more than 18 months by the coronavirus pandemic, Saudi pupils are all set to be back at school with the Covid paraphernalia of face masks, bottles of sanitizer, in addition to books and notebooks. 
  • Iran imposes new restrictions as Covid hits new records

    The country of 83 million has seen upwards of 98,000 deaths from Covid-19, making it already the Middle East's deadliest outbreak
  • BinDawood’s net profit down 50 percent for Q2

    Taking a direct hit from the Covid restrictions, BinDawood, the Saudi supermarket retailer, has reported a 50 percent dip in net profit to $25.33 million for the second quarter of this fiscal.
  • Iraq looks up to IMF for $4bn loan

    Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks with the world’s top lending institution.
  • New Israel Covid-19 rules trigger protest

    Older citizens need to get booster vaccine shot, mask requirement indoors reimposed, vaccine certificates must for entering enclosed spaces
  • 31 percent of all Middle East travel destinations closed: UNWTO

    Digital solutions, vaccination to ease travel restrictions 29 percent of all destinations worldwide closed for international tourism About 31 percent of all travel destinations in the Middle East remain closed due to Covid-19 restrictions, a UN report said, as it expected global vaccination rollout and increased adoption of digital solutions...
  • Iraqi restaurateurs pay bribes to dodge virus curfew

    Lockdown forces restaurant, cafe owners to sack a quarter of their employees Corruption in Iraq has eaten up more than $450 billion in public funds since 2003 It’s well past the coronavirus curfew, but Seif and his waiters are still serving customers at his Baghdad restaurant, thanks to security forces...
  • Fewer restrictions, fast vaccination give Dubai edge in events sector

    The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims for 25 million unique visits to the Expo 2020 As restrictions hamper travel to hubs such as London and Singapore, Dubai is fast becoming a winner in the more than...
  • Jordan approves a slew of measures to revive tourism in Petra

    Once a great attraction for tourists, the region was badly affected by Covid-19 curbs Among the initiatives approved during a Cabinet meeting include full exemption from licensing fees Dealt a great blow by Covid-19, the Petra region of Jordan, once a great attraction for local as well as international tourists,...