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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.
  • 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.
  • Iranian diaspora demand EU blacklisting of Revolutionary Guards

    Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States and blacklist the Guards over the crackdown on the four months of protests since the death of Mahsa Amini in September.
  • Global recession likely in 2023, say WEF chief economists

    Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it extremely likely – more than twice as many as in the previous survey conducted in September 2022. A third of respondents consider a global recession to be unlikely this year.
  • Mubadala acquires DCA

    DCA is a US-based dental services organization with 390 allied practices,
  • UAE and US form expert group to govern clean energy partnership

    The formation of the bilateral body to govern the Partnership for Accelerating Clean Energy (PACE) will be composed of private sector and government representatives from both countries. Its goal is to catalyze $100 billion in financing, investment and other support and deploy 100 gigawatts of clean energy by 2035.
  • Middle Eastern SWFs eye Europe, US for cheap assets

    The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a year earlier, says the latest Global SWF report.
  • China operates first domestic Boeing 737 MAX flight since 2019

    China grounded the plane after two deadly accidents involving the model in 2018 and 2019. An Ethiopian Airlines flight crashed shortly after takeoff from Addis Ababa, killing 157 people. That accident came five months after the crash of a 737 MAX in Indonesia, where 189 people died. Investigators said a...
  • US inflation falls to lowest level in over a year

    Consumer inflation in the United States slipped in December to the lowest level in over a year, government data showed, signaling the worst of red-hot price increases may be over. Inflation has eased for a sixth consecutive month alongside the Federal Reserve's aggressive campaign, fueling hope for reprieve from steeply...
  • US operations and flights not affected by system outage: Etihad Airways

    Abu Dahbi, UAE--Etihad Airways on Wednesday said its US operations and flights are not affected by the system outage at the Federal Aviation Administration.“Etihad Airways is aware of a technical issue affecting all airline flights in North America. At present, this is not having an impact on our operation, and our...
  • EU warns TikTok chief to respect data privacy laws

    TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and Vera Jourova, the bloc's home affairs commissioner Ylva Johansson and justice commissioner Didier Reynders.
  • US Navy says seizes weapons en route from Iran to Yemen

    DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along a maritime route from Iran to Yemen.The cargo was discovered on Friday off the coast of Oman "on a route historically used to traffic illicit cargo to the Huthis in...
  • Israel, Arab allies talk security at Negev Forum in Abu Dhabi

    Around 150 representatives from Bahrain, Egypt, Israel, Morocco, the UAE and the United States discussed boosting security cooperation through information sharing as part of the so-called Negev Forum, a gathering born out of recent normalization deals between Arab states and Israel.
  • Stocks mostly drop as traders track China, US rates

    Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing optimism over China's economic reopening after Covid lockdowns. Equities enjoyed a strong start to the new year thanks largely to Beijing's decision to throw off the shackles of its strict...
  • AstraZeneca buys US firm CinCor

    The acquisition has been finalized at $1.8billion.
  • Conspiracy theorists make comeback on Twitter after the ban

    Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an analysis by the non-profit Media Matters of dozens of restored accounts with millions of combined followers.
  • Sweden says it can’t fulfill Turkey’s demands for approving NATO membership

    Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.
  • Iran executes two more men in connection with protests

    PARIS, FRANCE -  Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the death in custody of a young woman.The latest hangings double the number of executions to four over the nationwide protests, which escalated since mid-September into calls for an end to...
  • Stocks mostly rise ahead of key US jobs data

    Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone. Global equities have enjoyed a largely solid start to the new year, though Wall Street slid on expectations that the Federal Reserve is in no rush to stop hiking US...
  • Iran detains celebrity chef in protest crackdown: reports

    No reason was given for the arrest of Ebrahimi, who had some 2.7 million followers on Instagram enjoying his slickly produced videos showing how to produce classic Persian dishes without pain. But social media users said the arrest coincided with him posting a recipe to make Persian cutlets on the...
  • More political storms for TikTok after US government ban

    Owned by Chinese tech giant ByteDance, TikTok has become a political punching bag for US conservatives who allege that the app downloaded by millions of US young people can be circumvented for spying or propaganda by the Chinese Communist Party (CCP). TikTok is the equivalent of "digital fentanyl," said Republican...
  • US diplomats go cold turkey on Turkey name, switch to Turkiye

    In a statement announcing measures to disrupt financiers of the Islamic State group, the State Department wrote of joint action between "the United States and Turkiye," written with an umlaut over the u. "The Turkish embassy did request that we use this spelling in our communications," State Department spokesman Ned...
  • Stellantis to build electric ‘air taxis’ with Archer

    Called Midnight, the vehicle looks like a small plane with several rotors on its wings and is designed to make consecutive trips of around 20 miles (30 kilometers) with a recharge time of about 10 minutes between each trip. Archer envisions an age of aerial ride-sharing, an "Uber or Lyft...
  • Ex-crypto boss Bankman-Fried pleads not guilty to fraud

    The United States has charged Bankman-Fried with conspiracy, wire fraud, money laundering and election finance violations. Prosecutors allege he cheated investors and misused funds that belonged to FTX and Alameda Research customers. Bankman-Fried pleaded not guilty to all eight counts against him -- five of which carry a maximum sentence...
  • Iran vows revenge three years after killing of Soleimani by US

    President Ebrahim Raisi of Iran has vowed to avenge the killing of a top Iranian general three years ago in a US drone strike. General Qassem Soleimani was ordered to be killed by then US President Donald Trump. The Iranian general commanded the Quds Force, the foreign operations arm of...
  • Etihad Cargo to operate three more weekly flights to US from Apr 24

    Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly flights.
  • Mideast powers condemn Israel minister’s visit to Al-Aqsa compound

    The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an Israeli minister", in a foreign ministry statement. The US ambassador to Israel, Tom Nides, said Washington "has made it clear to the Israeli government it opposes any steps that could...
  • Singapore economy grows more than expected in 2022

    Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry.
  • Egypt recovers 2,700-year-old sarcophagus lid from US

    Cairo, Egypt---Egypt announced Monday the recovery of a sarcophagus lid dating back nearly 2,700 years that it said had been smuggled out and put on display at a museum in the United States.Egyptian Foreign Minister Sameh Shoukry announced the recovery of the artefact, known as the "Green Sarcophagus", during a televised...
  • China’s air incursions into Taiwan zone doubled in 2022

    Military analysts say China has used the incursions to probe Taiwan's defenses, exhaust its ageing air force and voice displeasure over Western support for Taipei, especially the United States.
  • South Korea, US look to hold joint nuclear exercises

    Seoul, South Korea-- Seoul and Washington are discussing joint planning and exercises involving US nuclear assets to counter growing threats from the nuclear-armed North, South Korean President Yoon Suk-yeol has said.In an interview with the Chosun Ilbo newspaper published Monday, Yoon said the United States' existing "nuclear umbrella" and "extended deterrence"...
  • US judge orders cruise lines to pay nearly US$450m for using Cuba port

    Washington, United States--Four cruise lines have been sentenced by a US judge to pay a total of nearly $450 million for having used a Havana port nationalized by the Cuban government in 1960.The ruling Friday by a federal judge in Florida requires the Carnival, MSC SA, Royal Caribbean and Norwegian lines...
  • Concern over China Covid surge ‘understandable’: WHO

    Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had largely kept the virus at bay but tanked the economy and sparked widespread protests. China said this week it would end mandatory quarantine on arrival, prompting many Chinese to make...
  • Benjamin Netanyahu sworn in as Prime Minister of Israel

    Israel's hawkish veteran Benjamin Netanyahu was sworn in as prime minister after a stint in opposition, heading what analysts call the most right-wing government in the country's history. Netanyahu, 73, who is fighting corruption charges in court, had already served as premier longer than anyone in Israeli history, leading the...
  • Understanding winter storms and global warming

    The link between global warming and heat waves is very direct, but the behavior of winter storms is governed by dynamics that are more difficult to study.
  • World economy faces more pain in 2023 after a gloomy year

    Economists expect Germany and another major eurozone economy, Italy, to fall into recession. Britain's economy is already shrinking. Rating agency S&P Global foresees stagnation for the eurozone in 2023. But the International Monetary Fund still expects the world economy to expand in 2023, with growth of 2.7 percent. The OECD...
  • Iran to show ‘no mercy’ toward opponents of Islamic republic: Raisi

    The "riots", as Tehran generally refers to them, were triggered by the September 16 death in custody of Iranian-Kurdish Amini, 22, after her arrest for an alleged breach of the strict dress code for women.
  • Erdogan aide blames Paris street violence after shooting on Kurd militant group

    Ankara has been feuding with the US and European powers about their support for Kurdish fighters in the People's Protection Units (YPG), which it portrays as the Syrian offshoot of the PKK.
  • US Congress gives Boeing a reprieve on 737 Max cockpit changes

    The bill requires Boeing to make some enhancements to the jets, but allows the Federal Aviation Administration to approve both the 737 MAX 7 and 737 MAX 10 without mandating an overhaul of the crew alerting systems. The bill requires the enhancements to be installed on other MAX models within...
  • US Fed’s preferred inflation gauge eases in November

    A key indicator of US inflation edged down from a year ago in November, according to government data, in welcome news to households grappling with soaring costs while spending slowed. This extends a downward inflation trend in recent months, though it is unlikely to bring quick relief from an aggressive...
  • Facebook agrees to pay $725m to settle privacy suit

    Facebook parent Meta has agreed to pay $725 million to settle a long-running lawsuit that accused the social network of allowing third parties, including Cambridge Analytica, to access users' private data. The amount was disclosed in a court filing late on Thursday. Facebook has not admitted any wrongdoing as part...
  • China’s ByteDance admits using TikTok data to track journalists

    Employees had obtained the IP addresses of the journalists in a bid to determine whether they were in the same location as ByteDance colleagues suspected of disclosing confidential information, a company review of the scheme led by its compliance team and an external law firm found, according to Andersen.
  • YouTube TV wins right to broadcast NFL games starting in 2023

    YouTube TV subscribers, who now pay $64.99 a month for a viewing package, will have to pay an added fee - as yet undetermined - to view the games, or they can view them on an a-la-carte basis on its YouTube Primetime Channels platform. They will not be able to...
  • US proposes $300 mn fine over huge robocall ‘scam’ campaign

    The operation placed about 5.2 billion calls to more than 550 million wireless and residential phones between January and March 2021, employing more than one million unique caller ID numbers, said the FCC. The effort included "spoofing" the phone numbers of hospitals, "which resulted in confused consumers calling the hospitals...
  • Crypto firm Binance endures wild weeks in wake of FTX collapse

    On Friday, accountancy firm Mazars, engaged by Binance to provide a "proof of reserves" report, abruptly halted work with all crypto firms because of "public misunderstanding" of what they were providing. A "proof of reserves" report is not a full audit and gives no information about liabilities. Media reports suggested...
  • US plans new Israel-Arab meeting, hopes for Netanyahu restraint

    WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it as it pushes the incoming right-wing government of Benjamin Netanyahu to show restraint, a US official said Tuesday.Netanyahu is set to take office with the most right-wing government in Israel's...
  • Allow Iraq to choose path not dictated by foreign powers: Macron

    The "Baghdad II" meeting in Jordan, which alongside regional powers also includes officials from France and the European Union, follows an August 2021 summit in Iraq's capital organized at the initiative of Macron. "There is a way that is not... a form of hegemony, imperialism, a model that would be...
  • Iran, EU diplomatic heads meet at Jordan summit

    SWEIMEH, JORDAN - Iran's Foreign Minister Hossein Amir-Abdollahian met Tuesday with EU foreign policy chief Josep Borrell on the sidelines of a summit in Jordan, an Iranian diplomatic source said.The meeting, which was confirmed by Iran's official news agency IRNA, comes at a time when negotiations in Vienna aimed at reviving...
  • Months after deadly quake, Afghan survivors get new homes

    In Afghanistan, hundreds of earthquake-resilient concrete homes, many built by local laborers with the support of the United Nations refugee agency, have now been handed over to survivors who were until now living in makeshift tent cities.
  • Iran says Jordan summit is a good opportunity for nuclear talks

    TEHRAN, IRAN - Iran's foreign minister said Monday that a summit to take place this week in Jordan will be a "good opportunity" for negotiations aimed at restoring the 2015 nuclear accord.On-off talks to revive the deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), started in April last...
  • Ukraine war providing lessons for future conflicts

    How the war in Ukraine has played out -- both on the world stage and the battlefield -- serves as a cautionary tale on the potential dangers of launching such an invasion, and offers other lessons as well. General Mark Milley, the top US military officer, said the war was...