The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing US partner. The sale marks a milestone in Indian purchases of American weapons after New Delhi's reliance on weapons from Russia, which have been increasingly controversial due to sanctions over...

ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome moved to put the plant under state supervision, the chief executive said in a letter seen by AFP. Aditya Mittal wrote to Italian Prime Minister Giorgia Meloni to press for...

Its operating profit shot up to US$400m for the third quarter.

It has sold more than US$7bn of its shares since early 2023.

The company supplied 1.31m EVs last year.

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first permanent livestock auction market in Abu Dhabi to help breeders market their animals, develop the livestock sector and promote self-sufficiency. During a press conference, ADAFSA announced that the first auction...

H&M, which has operated in Russia since 2009, said it would reopen stores in Russia "for a limited period of time to sell remaining inventory" as part of the exit process.

DEWA has no intention to sell more stock, after having raised $6.1 billion in a record initial public offering, the CEO of the Dubai Electricity and Water Authority, Saeed Al-Tayerm, told the media. It is also eyeing 7.4 billion dirhams ($2 billion) in 2023 profit, amid a prospective IPO of...

Shareholders of Ithmaar Holding have approved a plan to sell a few of the company's assets to Al Salam Bank.

French lending giant BNP Paribas said Monday it had sold its US retail and commercial banking arm Bank of the West for $16.3 billion in cash. BNP Paribas said in a statement that the sale to Canada's Bank of Montreal (BMO), at a price equivalent to 14.5 billion euros, "is...

Indian police have charged executives from Amazon's local arm over claims the US retail behemoth's online portal was used to smuggle and sell marijuana.

The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the company selling property at less than its real value.

Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.

The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.

Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to Genstar, a private equity firm.

The regulation will look to limit the maximum number of cars non-Kuwaiti residents in the country can own.

Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector. Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a...