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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.
  • US still wants talks with Iran on Sunday: US official

    Washington, United States - The United States still hopes to hold talks Sunday with Iran, even after Israel launched a massive attack on the Islamic republic, a US official said. "We still intend to have talks Sunday," the official told AFP on condition of anonymity. The official had no further...
  • Musk says X could charge all users ‘small monthly payment’

    The tech tycoon has made multiple changes since taking over the site for $44 billion in October last year, when it was known as Twitter. He has fired thousands of employees, introduced a paid premium option, cut content moderation and reinstated formerly banned accounts including that of former US president...
  • Five freed US detainees leave Iran in prisoner swap

    The five, who include a businessman and a conservationist, and who left Iran on a Qatari plane accompanied by two relatives, were freed in exchange for five Iranians held by the United States. The trigger for the exchange was the release of the $6 billion in funds, long frozen by...
  • UN meet looks to salvage promises on helping world’s poorest

    The UN head said the summit will seek a "global rescue plan" on the targets of Sustainable Development Goals, as he acknowledged that only about 15% were on track to be met and that metrics on some were heading in reverse. He said the goals are "about the hopes, dreams,...
  • Saudi Arabia participates in global meet to bridge digital divide

    RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated in the Broadband Commission for Sustainable Development annual meeting in New York.The meeting was held on the sidelines of the 78th session of the United Nations General Assembly.The meeting aims...
  • US Fed likely to pause rate hikes despite higher inflation

    The Fed has raised interest rates 11 times over the last 18 months, lifting its key lending rate to a level not seen for 22 years as it tackles inflation still stubbornly above its long-term target of two percent. Goldman Sachs cut their forecast for a recession in the US...
  • IAEA denounces Iran over latest inspector exclusion

    Iran's foreign ministry said that the move to withdraw accreditation from several of the UN's nuclear watchdog inspectors was in retaliation for "political abuses" by the United States, France, Germany and Britain. But IAEA director general Rafael Grossi said that this would seriously hamper the ability of the IAEA to...
  • California sues oil giants, alleges environment, climate-risks deception

    The US state of California sued five of the world's largest oil companies, alleging the firms caused billions of dollars in damages and misled the public by minimizing the risks from fossil fuels, according to a court filing. The case was filed in superior court in San Francisco against ExxonMobil,...
  • Iran denounces new Western sanctions on Amini death anniversary

    Slamming the new sanctions imposed by the Western countries on the Islamic republic, Iran's foreign ministry spokesman Nasser Kanani termed them as "illegal and undiplomatic actions." The US, Britain and the EU announced new sanctions against many entities on the eve of the first anniversary of Mahsa Amini's death in...
  • Transfer of Iran’s unfrozen foreign assets to Qatari banks soon

    TEHRAN, IRAN  – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to Qatari banks will be finalized within the next week.Qatari Foreign Minister Sheikh Mohammed Bin Abdulrahman al-Thani made the comments in a telephonic conversation with his Iranian counterpart Hossein Amirabdollahian on...
  • US approves most Egypt aid despite rights alarm

    Egypt is one of the largest recipients of US military aid, dating to its historic normalization of relations with Israel in 1980, the first for an Arab state. The latest package of military aid includes $980 million that was not subject to restrictions.
  • NASA to publish long-awaited UFO report

    An independent team of 16 researchers shared their preliminary observations in May, finding that existing data and eyewitness reports are insufficient to draw firm conclusions, while calling for more systematic collection of high-quality data. It's unlikely Thursday's report will change that bottom line -- but it could eventually usher in...
  • US govt face Google in landmark antitrust lawsuit

    Washington, US - A landmark case pitting the US government against Google over the dominance of the company's world-dominating search engine began in a Washington courtroom on Tuesday."This case is about the future of the internet and whether Google will ever face meaningful competition in search," said Justice Department lawyer Kenneth...
  • Normalization of Israeli-Saudi ties hit Palestine, security barriers

    Despite Israel's strong determination and increasing US mediation efforts, the establishment of diplomatic relations between Tel Aviv-Riyadh still face serious obstacles.
  • Oslo Accords promise turned into ‘destroyed dreams’ in Gaza

    Oslo Accords were meant to lead to a free Palestine, but years of stalled negotiations and violence have left any peaceful resolution of the ongoing conflict a distant dream. Gaza, a narrow coastal enclave, is now home to some 2.3 million people, according to the Palestinian Central Bureau of Statistics.
  • US endorses transfer of funds to Iran in prisoner deal

    President Joe Biden's administration has insisted that Iran will only be allowed to use the money to buy food, medicine and other humanitarian goods. Iran had generated the $6 billion in question by selling its oil to South Korea, a close US ally, which froze the funds after the US...
  • Vietnam Airlines, Boeing ink $7.8bn pact

    The deal is likely to support more than 30,000 jobs in the US.
  • Secret talks, lasting failures: key Israeli-Palestinian peace bids

    US president Ronald Reagan's administration opens dialogue with the Palestine Liberation Organization (PLO) in 1988 after its exiled leader Yasser Arafat agrees to recognize Israel's right to exist. Three years later, in late 1991, Washington and Moscow co-organize an Israeli-Arab peace conference in Spain.
  • Six arrested in Iran over planned rioting on Amini death anniversary

    Tehran, Iran - Authorities in Iran's southwest have arrested six people accused of "organizing riots" on the first anniversary of Mahsa Amini's death in custody which triggered nationwide protests, state media reported on Saturday.Amini, an Iranian Kurd, died on September 16, 2022, after her arrest in Tehran for alleged breach of...
  • Data, rail, electricity key focus as G20 eyes EU-Middle East-India trade plan

    Major G20 partners are set to unveil ambitious plans on Saturday to enhance trade among India, the Middle East, and Europe. This modern-day Spice Route aims to integrate regions that represent about a third of the global economy. Washington, Saudi Arabia, the EU, the UAE, and other nations plan to...
  • West blocked Russian assets worth $280bn, says US treasury

    Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the overall value of sovereign Russian assets, blocked by the West, at $280 billion.“The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said...
  • African Union set to become G20 member with US, EU backing

    "I look forward to welcoming the AU as a permanent member of the G20", European Council president Charles Michel told reporters in New Delhi, where the two-day G20 summit begins on Saturday. In December, US President Joe Biden said he wanted the AU "to join the G20 as a permanent...
  • North Korea launches new ‘tactical nuclear attack submarine’

    North Korean leader Kim Jong Un presided over the unveiling ceremony on Wednesday, saying the sub was part of a "push forward with the nuclear weaponization of the Navy", according to state news agency KCNA. Images in state media showed Kim, wearing a light suit and sun hat, speaking to...
  • US interest rates in ‘good place,’ for now: Fed officials

    The comments from three regional Fed presidents with a vote on setting interest rates will likely solidify expectations that the US central bank intends to hold rates steady later this month amid growing signs of weaker labor market conditions. The Fed has raised its benchmark lending rate 11 times over...
  • WTA Finals to be held in Mexico, says sports body

    NEW YORK, US -  Cancun will host the WTA Finals October 29-November 5, the WTA announced on Thursday. The Mexican resort would stage the season ending tournament after reports that Saudi Arabia was front-runner to land the event.The WTA said in a statement that officials "weighed a number of competitive bids...
  • $8.7 billion lawsuit in UK accuses Google of stifling competition

    It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase the prices paid by advertisers for their prominence on the Google search page.
  • Apple, Facebook among tech giants to face tough new EU curbs

    The European Commission, the EU's powerful antitrust body, named 22 "core platform" services belonging to five US tech behemoths identified as "gatekeepers" -- Google parent Alphabet, Amazon, Apple, Meta, Microsoft -- and China's ByteDance. The services included Apple's App Store; Meta's Facebook, Instagram and WhatsApp; Google's YouTube video platform and...
  • OIA invests in US battery firm ONE

    ONE is focused on high-density LFP-based batteries.
  • Big power disputes cast shadow on Southeast Asia summits

    The 10-member Association of Southeast Asia Nations (ASEAN) was holding separate summits with China, Japan, South Korea, the United States and Canada, providing an arena for big powers to lobby the bloc. US Vice President Kamala Harris is attending in place of President Joe Biden, while Chinese Premier Li Qiang...
  • Clashes between army and Turkey-backed rebels in Syria kill 23

    The clashes broke out after pro-Ankara rebels tried to infiltrate Kurdish-held northeast Syria, killing 23 people, a war monitor said. The spike in violence comes amid days of separate clashes in Kurdish-held parts of neighboring Deir Ezzor province after US-backed, Kurdish-led fighters detained the head of a local military body...
  • White House race overshadows Biden visit to Florida hurricane zone

    Large trees, broken limbs and tattered signs littered the side of the motorcade route, a testament to the power of the storm that hit the Florida coast Wednesday as an "extremely dangerous" hurricane, killing one person in Florida and one in Georgia. The president and first lady Jill Biden met...
  • Two convictions in FIFA corruption scandal overturned by US judge

    Miami, United States--Two convictions in the FIFA corruption case have been overturned by a US federal judge citing a recent Supreme Court ruling.Hernan Lopez, a former executive with 21st Century Fox and Argentine sports marketing firm Full Play were found guilty in March of paying bribes and kickbacks to South American...
  • Protection pact for Yemeni cultural assets extended with US support

    Dubai, UAE-- Yemen and the US have signed an agreement to renews and extend protections for Yemeni cultural property that were put in place in 2020 on an emergency basis.According to the US State Department, the deal was signed by US Assistant Secretary of State for Educational and Cultural Affairs...
  • Markets mostly rise ahead of crucial United States jobs report

    Wall Street's three main indexes ended a volatile August on a tepid note Thursday after data showed the Fed's preferred gauge of inflation -- the personal consumption expenditures index -- ticked a little higher in July.
  • Agri-Nutrients SABIC, US firms together support sustainable farming

    RIYADH, SAUDI ARABIA -  Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high productivity using sustainable and cost-efficient methods.Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain, especially after the company obtained the world's first...
  • Iraq jails Iranian, 4 Iraqis for life for killing US citizen

    No Iraqi officials or security sources have been able to tell AFP why the killing of Stephen Troell took place in a city where such attacks on foreigners have been rare in recent years. Troell had lived with his wife and children in the Iraqi capital for at least two years....
  • Viacom18 nets Indian cricket broadcast rights for $721 million

    Media rights are a huge earner for the Board of Control for Cricket in India (BCCI), one of the richest governing bodies in global sport owing to the game's immense and fanatical local fanbase. India plays 88 international matches over the rights period, translating to roughly $8.2 million per game...
  • Microsoft bows to EU competition concerns over Teams

    In a bid to address the concerns, Microsoft will unbundle Teams from its Microsoft 365 and Office 365 suites in the European Economic Area and Switzerland from October 1, the company's vice president on European government affairs, Nanna-Louise Linde, said. Customers will now be able to buy the software without...
  • US blocks Nvidia AI chip sales to Middle East citing China concerns: report

    London, Britain - The Biden administration has implemented restrictions on the sale of Nvidia's advanced microchips to certain Middle Eastern countries, citing rising worries about China's access to crucial artificial intelligence resources, Telegraph reported on Wednesday. Nvidia, a tech giant valued at $1.2 trillion, has been directed to obtain permission before...
  • Oil prices spike on US stockpile draw and hurricane fears

    Dubai, UAE--Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge.Brent crude futures for October climbed 31 cents, or 0.36%, to...
  • Oil companies pay Insta, TikTok influencers for ads

    Online celebrities best known for posting about video games are also dropping in unexpected plugs for gasoline stations, fuel rewards and club cards. In India, Mexico, South Africa and the United States many spots were found that promoted major oil firms such as BP, Chevron, ExxonMobil, Shell and TotalEnergies on...
  • Bahrain and US review partnership in political, economic and security fields

    Manama, Bahrain--Bahrain and the United States have reviewed joint cooperation, partnership and strategic dialogue in the political, economic and security fields.The review came up in a meeting between Foreign Ministry Undersecretary for Political Affairs Dr. Shaikh Abdulla bin Ahmed Al Khalifa and Paul Dean, Principal Deputy Assistant Secretary in the...
  • Members of US Congress make rare visit to Syria’s rebel area

    The Republican delegation comprising French Hill, Ben Cline and Scott Fitzgerald entered Syria from Turkey through the Bab al-Salama border crossing, where they were welcomed by a banner reading "Welcome to Free Syria" and revolutionary flags. The delegation visited a hospital in Aleppo province and met orphans of the Syrian...
  • 3 US Marines dead after aircraft crashes during drills in Australia

    Rescue efforts were complicated by the location of the crash -- the remote and sparsely populated Melville Island about 60 kilometres (37 miles) north of the Australian mainland. "Recovery efforts are ongoing," US officials said, adding that an investigation into the cause of the incident had been launched.
  • Iran-Russia military ties not subject to US dictates: Russia deputy FM

    Tehran, Iran--Iran and Russia are independent countries whose military cooperation is not subject to the dictates of the United States and its allies, Russian Deputy Foreign Minister says.Russia's military cooperation with Iran will not succumb to geopolitical pressure, Russian Deputy Foreign Minister Sergei Ryabkov said.Ryabkov said in response to a...
  • Iran court asks US to pay $330m fine for planning a coup against Tehran

    A court in Tehran has ordered the US government to pay $330 million in damages for "planning a coup" against the newly established Islamic republic in 1980, the judiciary said. A year after the 1979 Islamic revolution that toppled the US-backed Shah, a group of mostly army officers tried to...
  • Saudi Arabia has diplomatic, external, and military options against Iran threat: MEI

    Riyadh, Saudi Arabia  - Saudi Arabia has to not only enhance its defensive capabilities but also establish effective deterrence measures against Iran and its proxies, particularly in the context of its ambitious Vision 2030 initiative, a latest analysis by Middle East Institute (MEI) says. The policy brief authored by MEI analyst...
  • US Federal Reserve prepared to raise interest rates further

    The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down above-target inflation, chairman Jerome Powell said. "We are prepared to raise rates …. until we are confident that inflation is moving sustainably down toward our objective," he told the Jackson...
  • Vignettes from first US election debate in Republican party

    MILWAUKEE, US - A crowded stage of talkative Republican politicians produced a messy debate in the race to be the party's presidential candidate, and also it created a few moments of surprise and curiosity.   The Trump tie?Donald Trump may have turned down his invitation to join the debate, but his influence...
  • 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...
  • Markets surge as traders await Powell speech, Nvidia results

    A rally in Nvidia helped propel gains in global markets earlier this week, though traders could not keep up the buying owing to ongoing rate worries.