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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.
  • Russia, Ukraine head to Istanbul for fresh peace talks

    Russian and Ukrainian officials will meet Monday in Istanbul to exchange their plans for how to end the three-year war, Europe's largest conflict since World War II, after Kyiv says it struck dozens of strategic bombers parked at airbases deep in Russia.
  • Centuries-old 77 stolen antiquities to be returned to Yemen

    Washington, United States--The United States has returned 77 looted antiquities to Yemen, US authorities said Tuesday, adding the objects would be housed "temporarily" in a museum in Washington in line with an agreement with the war-torn country's government.The pieces are "64 relief carved stone heads, 11 Quran manuscript pages, a bronze...
  • Qatar-US trade exchange hits $9.46bn: Qatari official

    Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market.
  • IAEA in talks with Iran after reported nuclear step-up

    Iran was last known to enrich up to 60 percent, while a 90-percent threshold is required for use in a weapon. Bloomberg News reported that inspectors of the International Atomic Energy Agency (IAEA) in Iran last week found uranium enriched to 84-percent purity. Tehran says it is not planning to...
  • Blinken reaches Turkey to support quake-hit country

    US Secretary of State Antony Blinken arrived in Turkey to show support to the earthquake-hit country and NATO ally which has had tumultuous ties with Washington. His visit comes after a 7.8-magnitude tremor hit southeastern Turkey and northern Syria killing nearly 45,000 people but his trip had been planned before...
  • Blinken urges calm in telephone calls with Israel, Palestinian leaders

    Washington, United States--Secretary of State Antony Blinken spoke Saturday with Israeli Prime Minister Benjamin Netanyahu and separately with Palestinian president Mahmud Abbas, reaffirming US support for a "two-state solution" in the region and asking the two to "restore calm."Blinken spoke by telephone with both men to reaffirm US commitment to "a...
  • UAE trade minister meets US Jewish delegation to discuss relations

    Al Zeyoudi highlighted the long-standing strategic relations between the UAE and the US, noting that their economic and trade exchanges are witnessing significant growth.
  • Blast wounds four US troops in Syria, IS leader killed, says military

    WASHINGTON, US - An explosion wounded four American military personnel during a raid that killed a senior Islamic State (IS) group leader in Syria, the US military's Central Command said Friday."Last night, during a partnered US and Syrian Democratic Forces helicopter raid in northeastern Syria, an explosion on target resulted in...
  • White House says ‘deeply dismayed’ by Israeli settlements plans

    The White House said Thursday it is "deeply dismayed" by Israeli plans for a major expansion of settlements in occupied Palestinian lands. "We are deeply dismayed by the Israelis' announcement," Press Secretary Karine Jean-Pierre said. President Joe Biden's administration maintains its "firm opposition to the settlement expansion," she added.
  • Protestors ransack banks in Lebanon as currency hits record low

    Lebanon's cash-strapped banks have imposed strict restrictions on withdrawals, barring depositors from accessing their savings, especially those in US dollars.
  • Blinken to pledge quake support on first Turkey visit

    Blinken will visit Incirlik air base, through which the United States has shipped aid, and then hold talks in the capital Ankara on "continued US support," State Department spokesman Ned Price said Wednesday. The top US diplomat will also take part in the Munich Security Conference, where the Ukraine war...
  • Most Asian markets track Wall St rally ahead of US inflation data

    The consumer price index is forecast to have dipped to 6.2 percent last month from 6.5 percent in December, according to Bloomberg. But that is still well above the Fed's target of two percent, and analysts said a higher read on the CPI could spark a hefty sell-off on markets,...
  • China accuses US of sending 10 balloons into its airspace

    Washington strenuously denied Beijing's charges as "false" and insisted it was China alone that has surreptitiously flown spy balloons, as tensions ramped up between the two superpowers. The downing of an alleged Chinese airship off the coast of South Carolina earlier this month prompted a resolution in the US Congress...
  • US shoots down new mystery object as tensions escalate with China

    On Sunday the Pentagon said that it does not yet know what the other three objects -- one shot down Friday over Alaska, one Saturday over Canada's Yukon territory, and the most recent one Sunday over Lake Huron -- are. But it said that the object downed Sunday had been...
  • Meta completes virtual reality deal after US court win

    A spokesperson for the Federal Trade Commission told AFP on Thursday that it would not appeal the February 1 decision. The social media giant said when the suit was filed that the FTC's move defied reality, and expressed confidence that its buy of Within would be good for VR users...
  • US to work with partners to support Syria with aid but not Assad

    Washington, United States--The United States said Tuesday it was working with partners to provide earthquake relief in Syria but would stand firm against working with the Damascus government.The United States also said it expected to send further assistance to Turkey after sending two rescue teams to the NATO ally, which suffered...
  • US trade deficit widens in 2022 to record on strong imports

    US trade gap widened to a record in 2022, though expanding less than expected in December, government data said, capping off the year on robust imports and strong spending. The overall trade gap grew US$103 billion from 2021 to $948.1 billion last year, according to Commerce Department data, on a...
  • SoftBank posts US$5.9bn loss

    The group's Q3 loss coincides with a slump in the tech sector.
  • Newmont offers to buy Newcrest

    If the deal is sealed, it would be gold sector's largest acquisition.
  • US shoots down Chinese spy balloon, drawing Beijing’s ire

    The Chinese craft spent several days flying over North America before it was targeted off the coast of the southeastern state of South Carolina with a missile fired from an F-22 plane, Pentagon officials said, falling into relatively shallow water just 47 feet (14 meters) deep.
  • UN chief calls for building alliance of peace on International Day of Human Fraternity

    NEW YORK, US - On the occasion of the International Day of Human Fraternity, the UN chief Saturday called for renewed commitment to forge an "alliance of peace" amid a surge in hate speech, sectarianism and strife.The International Day of Human Fraternity celebrates values that "are the glue that hold...
  • US, western allies slam Iran’s response to UN nuclear watchdog report

    Washington, United States--The United States issued a joint statement with France, the United Kingdom and Germany on Friday criticizing Iran's "inadequate" response to an International Atomic Energy Agency (IAEA) report on its nuclear program.The UN nuclear watchdog issued a warning to Tehran on Wednesday after it found that changes had been...
  • US sees surprise hiring surge as unemployment edges down

    US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data showed. The world's biggest economy added 517,000 jobs in January after a five-month slowdown in hiring, as the jobless rate edged down to 3.4 percent, said the Labor Department in...
  • US, UAE officials discuss financial crimes

    ABU DHABI, UAE - The US Department of the Treasury’s Under Secretary for Terrorism and Financial Intelligence Brian Nelson led a two-day treasury delegation visit to the UAE to discuss  AML/CFT matters and areas of joint cooperation.The two sides discussed a range of topics of mutual interest pertaining to Anti-Money...
  • Sudan, Israel agree to move forward with ‘normalisation’

    Sudan in January 2021 formally agreed to normalize relations with Israel in a quid pro quo for the United States removing it from its list of "state sponsors of terrorism", but ties were never formalized. Israel's Foreign Minister Eli Cohen, then the intelligence minister, led that same month the first...
  • France to host international meet on crisis-hit Lebanon

    The Paris gathering is to be attended by representatives from France, the United States, Saudi Arabia, Qatar and Egypt. Lebanon is being run by a caretaker government and is also without a president as lawmakers have repeatedly failed to elect a successor to Michel Aoun, whose mandate expired at the...
  • EU unveils proposals to counter US green subsidy, China competition

    The majority of the EU's response involves repackaging already existing funds, a stop-gap measure that has earned much criticism. German MEP Markus Ferber described the proposals on Wednesday as "old wine in new bottles" and "predictably disappointing".
  • Israel considers sending military aid to Ukraine

    Israeli PM's remarks come after a visit by US Secretary of State Antony Blinken, who called for calm following a flare-up of violence between Israel and the Palestinians and also nudged Israel to boost support to Ukraine.
  • King Abdullah of Jordan and US President Joe Biden to hold talks

    Washington, US-- Jordan’s King Abdullah and US President Joe Biden will hold talks at the White House on Thursday, as part of the king's visit to Washington, DC.Talks will cover means to bolster the strategic partnership and ties of friendship between Jordan and the United States through expanding cooperation across...
  • ExxonMobil 2022 profit at $55.7bn

    Results reflect higher production of oil, natural gas.
  • European demand for US natural gas leads to investment boom

    Production of the fuel reached 3.1 trillion cubic feet for the month of October, according to the most recently available US data, an all-time high and up almost 50 percent from the level a decade ago.
  • TikTok CEO to testify before US lawmakers in March

    TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should be outright banned for its links to Beijing. Shou Zi Chew will give testimony before the House Energy and Commerce Committee after Republicans recently took over as the majority in...
  • Blinken in Tel Aviv to urge calm as violence escalates

    Washington's top diplomat arrived in Israel on the second leg of his Middle East tour, after meeting Egyptian President Abdel Fattah al-Sisi and the country's foreign minister in Cairo.
  • Indian Adani empire strikes back after fraud report

    The slump in the company's stocks was sparked by a report by US short-seller investment group Hindenburg Research that alleged "brazen stock manipulation and accounting fraud scheme over the course of decades". The conglomerate said it was the victim of a "maliciously mischievous" reputational attack and late Sunday issued a...
  • Air strikes hit convoy crossing into eastern Syria from Iraq

    A convoy of trucks driving into eastern Syria from Iraq on Sunday was hit by air strikes, destroying all the vehicles, according to a war monitor. The Syrian Observatory for Human Rights said that six refrigerated trucks were the target of strikes by unidentified aircraft in the Albu Kamal border...
  • Turkey comes out with retaliatory travel alert for US, EU

    Ankara has been most recently outraged by anti-Islamic protests by a far-right extremist who was allowed to burn the Koran outside the Turkish embassies in Stockholm and Copenhagen.
  • Syria refutes watchdog report of 2018 chemical attack

    In the OPCW report, investigators said there were "reasonable grounds to believe" that at least one Syrian air force helicopter had dropped two cylinders of the toxic gas on the rebel-held town of Douma.
  • Dubai is the new destination wedding choice for couples

    DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event planners across the world recommending the city to couples as the perfect venue for their marriage. This is in line with the efforts aimed at boosting the emirate's stature as...
  • Adani group ‘exploring’ legal action against Hindenburg Research

    Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against a US investment firm that accused it of "brazen" corporate fraud.Hindenburg Research this week alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the appearance...
  • Markets rise on better-than-expected US growth

    Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year on a stronger note. Shares in Paris, Frankfurt and London were higher in mid-afternoon trading. US gross domestic product rose at an annual rate of 2.9 percent in the fourth...
  • Lebanon central bank says freezes accounts of US-sanctioned individuals

    The central bank "took a decision to freeze all the accounts" of Hassan Moukalled as well as those of his sons Rayyan and Rani and two businesses that he owns, it said in a statement. The US Treasury had issued the sanctions on Tuesday, calling Moukalled "a corrupt money exchanger...
  • Boeing posts Q4 loss of US$634m

    Firm confirmed its 2023 outlook amid strong aviation demand.
  • US sues Google over dominance of online ad market

    In this latest suit, prosecutors took aim at Google's extremely profitable advertising business, asking that it be broken up to level the playing field for other companies. Google's ad dealings generated more than $200 billion in sales in 2021 and is parent company Alphabet's biggest moneymaker by a wide margin.
  • India, Pakistan came close to nuclear war in 2019: Mike Pompeo

    Nearly four years after India and Pakistan used fighter planes to bomb targets in divided Kashmir, former US secretary of state Mike Pompeo has revealed in his memoir "Never Give an Inch" that the two rivals came close to nuclear war in 2019 and that US intervention prevented escalation.
  • Ford to cut jobs in Germany

    The US auto giant will cut 3,200 jobs in the European country.
  • Musk announces more expensive subscription for ad-free Twitter

    The recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has so far relied on targeted advertising to generate revenue, before launching a paid subscription service in mid-December.
  • Buzz Aldrin, second man on the Moon, marries on 93rd birthday

    LOS ANGELES, US - Legendary Apollo 11 astronaut Buzz Aldrin, the second person to set foot on the Moon, said he had married his longtime girlfriend on Friday, his 93rd birthday.Aldrin and Anca Faur, executive vice president of Buzz Aldrin Ventures, were wed in a private ceremony."On my 93rd birthday... I...
  • Google announces 12,000 job cuts globally, cites changing economic reality

    Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech giant to enact large-scale restructuring. The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner...
  • Turkey asks US for F-16 jets amid NATO, Congress rows

    Meeting US Secretary of State Antony Blinken, Turkish Foreign Minister Mevlut Cavusoglu said he intended to discuss his country's request for modernized versions of the mainstay F-16 fighter jets. "As we said together before, this is not only for Turkey but also important for NATO and for the United States...
  • UN chief calls for urgent actions as world faces Category 5 storm

    Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the world, urged leaders gathered for the Annual Meeting to take urgent action.Taking note of a range of critical threats facing the world, from the economic crisis to war and pandemic,...
  • European Union takes on US, China over clean tech in Davos

    European Commission President Ursula von der Leyen slammed what she described as "aggressive attempts" to convince Europe's clean technology operations to relocate to China through cheap labour and more lenient regulations.