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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.
  • Syria inks $7 bn energy deal with Qatari, Turkish, US firms

    The agreement was sealed at the presidential palace in Damascus in the presence of interim President Ahmed al-Sharaa and US ambassador Thomas Barrack. It aims to generate 5,000 megawatts. Syrian Energy Minister Mohammad al-Bashir called it a "historic moment" and a "turning point" for the country's shattered infrastructure.
  • Rockets target US Syria base in latest strike: Centcom

    Beirut, Lebanon—Two rockets targeted a US patrol base in northeastern Syria late Friday, the third such attack in nine days, US Central Command said. Centcom did not indicate who fired the rockets but said, in a statement, that they aimed at "coalition forces at the US patrol base in Al-Shaddadi, Syria"....
  • Journalists have much to lose if Twitter dies

    Journalists have been tied to the platform for announcements by politicians and celebrities -- most famously the dreaded late-night and early-morning tweets from Donald Trump that left hundreds of journalists sleep-deprived throughout his presidency. By rewarding the most vehement voices, the platform tends to drown out the majority of the...
  • Aircraft orders drive US manufactured goods demand

    A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected, government data showed. Durable goods orders rose one percent to $277.4 billion last month, up from a revised 0.3 percent bump in September, the Commerce Department reported. Transportation equipment led...
  • Jordan and US renew commitment to enhance strategic ties

    Amman, Jordan—Jordan and the US have reviewed their strategic partnership in a meeting between King Abdullah of Jordan and Mark Takano, Chairman of the US House Committee on Veterans’ Affairs. The meeting covered the ties and the strategic partnership between Jordan and the United States, as well as means of...
  • LG Chem to build plant in US

    The $3.2bn plant will make batteries for electric vehicles.
  • Turkish president threatens ground operation into Syria

    Overnight, Turkey hit dozens of targets in northern Syria as well as northern Iraq, a week after a bomb attack in Istanbul killed six people and left 81 wounded, which Ankara blamed on the Kurdistan Workers' Party (PKK).
  • Iran hits Kurdish groups in Iraq, second attack in week

    Carrying out a second attack in a week, Iran has launched a fresh wave of strikes against Kurdish opposition groups based in Iraqi Kurdistan on Sunday. Tehran accuses the groups of instigating unrest in Iran, which has been rocked by two months of protests set off by the death of...
  • Musk reinstates Trump’s Twitter account after poll

    Trump, who had more than 88 million users when his accounted was suspended, reveled in using Twitter as a mouthpiece during his presidency, posting policy announcements, attacking political rivals and communicating with supporters.
  • World stocks rally but oil prices tumble

    Global main stock markets rallied as investors fished for bargain shares and shrugged off losses elsewhere, but oil prices fell as concerns over the global economy persist. London stocks were lifted by official data showing UK retail sales rose 0.6 percent in October, rebounding from a 1.5-percent slump in September....
  • QatarEnergy, Chevron Phillips to build US$8.5bn Texas plastic plant

    Doha, Qatar—  QatarEnergy and Chevron Phillips Chemical (CPChem) have announced they have reached a final investment decision to build an $8.5 billion polymers facility in Texas. Located about 180 kilometers east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum,...
  • Six airlines ordered to pay over $600 mn in refunds to passengers

    Authorities have received a "flood of complaints from air travelers" since the start of the pandemic, over a lack of timely refunds from companies, the department said in a statement released on Monday. Under US law, airlines and ticket agents are legally obliged to refund customers if the airline cancels...
  • COP27 climate talks inch toward ‘loss and damage’ showdown

    The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting developing countries in meeting their costs of addressing non-economic and economic loss and damage" caused by extreme weather disasters and rising sea levels.
  • Biden, allies hold emergency talks after missile hits Poland

    In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and leaders of key allies held "emergency" talks on Wednesday, according to the White House. The session called an "emergency roundtable" by the White House website took place behind closed doors.
  • US wholesale price inflation slows in October

    US wholesale prices continued to rise in October but at a slower pace than in the prior month, according to official data Tuesday which will add to rising hopes that inflation has peaked. The data added traction to growing expectations the Federal Reserve will be able to dial back its...
  • Israel swears in new parliament as Netanyahu readies govt

    Of the 120 lawmakers elected on November 1, 64 have endorsed Netanyahu to lead the next government, clearing the way for his promised comeback after just 14 months in opposition. The majority secured by Netanyahu's Likud and its allies was expected to usher in a stable government.
  • TotalEnergies, ENI sign deal on Israel-Lebanon gas field

    It comes after Lebanon and Israel said in October that they had struck an "historic" deal to resolve a maritime border dispute involving offshore gas fields after years of US-mediated talks.
  • Walmart posts Q3 loss of $1.8bn

    Settlement on opioid cases hit earnings of the firm.
  • Saudi Crown Prince begins Asian tour amid row with Washington

    Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said the trip would include "a number of Asian countries", though officials have not yet confirmed details of the itinerary.
  • China expects improvement in relations with US after Xi-Biden meet

    Beijing, China— China said on Monday it hopes a meeting between President Xi Jinping and his American counterpart Joe Biden ahead of the G20 summit will bring relations "back on track". Asked by AFP at a regular press briefing what China's expectations were from the face-to-face talks in Bali, foreign ministry...
  • Janet Yellen says ending war in Ukraine can mend global economy

    Against the backdrop of the war in Ukraine that has fueled food and fuel prices, US Treasury Secretary Janet Yellen has said that the best way to end world economic tumult was to stop the Ukraine war. Speaking ahead of the G20 summit in Indonesia, she said, "ending Russia' war...
  • Racism or Arab Bias? Western media’s heartburn over FIFA World Cup Qatar 2022

    Even as serious rights violations -- including corruption, human trafficking, racism and discrimination -- persist across Europe and US, Western world opts to focus on Qatar.
  • FTX goes bankrupt in US

    The Cryptocurrency platform chief executive quits.
  • US becomes first World Cup team to arrive in Qatar

    An unknown number of players were on a Qatar Airways jet from New York that was among the first flights to use a new part of Hamad international airport that opened Thursday, an AFP photographer at the airport said. Many in the 26-man squad, including captain Christian Pulisic, are based...
  • US unveils green transition scheme for developing nations

    Intended to support the transition to renewable energy in developing nations, the United States launched a partnership with private funds based on a carbon credit system criticized by climate activists. The government scheme would help emerging economies attract finance to "support their clean energy transitions."
  • Tropical Storm Nicole delays launch of NASA Moon rocket

    After two launch attempts were scrubbed this summer because of technical problems, the rocket had to be returned to the Vehicle Assembly Building to protect it from Hurricane Ian.
  • Global stocks move higher as US voters cast ballots

    Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some of its recent losses versus the euro, while Chinese demand expectations were keeping oil prices in check. Europe's main markets were showing gains some two hours from the close save...
  • US seizes US$3.4bn in bitcoin stolen from Silk Road

    New York, United States— The US government announced Monday it had seized $3.4 billion in bitcoin from a real estate developer who stole the cryptocurrency from the dark web marketplace Silk Road a decade ago. James Zhong, 32, pleaded guilty Friday to committing wire fraud in September 2012 ago when he...
  • Stocks rise, oil falls tracking China lockdown policy

    Stock markets mostly rose, extending last week's strong gains, while oil prices fell after China reaffirmed its commitment to its economically painful zero-Covid policy. The Chinese government said it would stick to its current plan, which involves harsh lockdowns and strict quarantine and testing regimens.
  • Meta to sack thousands of employees: Wall Street Journal

    Meta is planning to sack thousands of employees this week, becoming the latest tech firm to scale back its workforce. According to the Wall Street Journal the layoffs could impact "many thousands" of Meta employees. The company has about 87,000 employees worldwide working across its different platforms.
  • Iraqi lawmakers consider bill to reinstate military conscription

    It would take two years after the passing of the law to fully restore conscription, Iraqi MP Watout said, adding that only-sons and breadwinners would be exempted.
  • Iran tests rocket capable of sending satellites into space

    Three months after launching a satellite with the help of Russia, Iran has announced the successful test flight of a rocket capable of propelling satellites into space. While countries like the US have voiced concern that it could boost Iran's ballistic missile technology, Iran insists that such launches are for...
  • US backs two-state solution in call to Palestinian leader

    US Secretary of State Anthony Blinken reaffirmed Washington's commitment to a two-state solution to the Israeli-Palestinian conflict in a phone call with Palestinian President Mahmoud Abbas, the State Department said. The move came as Israel's former prime minister Benjamin Netanyahu, who has not endorsed the two-state idea, is set to...
  • Iranians stage new protest actions despite crackdown

    Iranian students protested and shopkeepers went on strike despite a widening crackdown, according to reports on social media, as demonstrations that flared over Mahsa Amini's death entered an eighth week.
  • Binance says crypto moved through platform from Iran

    No Iranian cryptocurrency platforms are currently under sanctions. But US-imposed restrictions prohibit a US entity or US national from selling goods and services to Iranian residents, businesses or institutions. The ban includes financial services. Binance was founded in 2017 by a Chinese-Canadian entrepreneur but following regulations on its activities in...
  • Saudi Arabia’s embassy in United States participates in ‘Cat Walk’

    The Saudi ambassador to the United States, and a number of embassy staff were present on the occasion.
  • Blinken thanks outgoing Israel PM, warns on West Bank violence

    Blinken voiced "his deep concern over the situation in the West Bank, including heightened tensions, violence and loss of both Israeli and Palestinian lives, and underscored the need for all parties to urgently de-escalate the situation." The West Bank has seen near-daily army raids and an increase in clashes and...
  • White House deletes tweet after Twitter users intervene

    Elon Musk, the world's richest person, who took ownership of Twitter last week, hailed the correction saying the feature that produced it was awesome."Our goal is to make Twitter the most accurate source of information on Earth, without regard to political affiliation," Musk tweeted.
  • BoE set for biggest rate hike in 33 years to bring down inflation

    Struggling to bring down the runaway inflation, the Bank of England is expected to hike its key interest rate on Thursday by the biggest amount since 1989. The BoE is expected to lift borrowing costs by 0.75 percentage points to three percent, according to market consensus, which would be the...
  • ENEC, Atlantic Council sign three-year nuclear cooperation pact

    Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate on the Council’s Nuclear Energy Policy Initiative and support its efforts in promoting nuclear energy as a central component to the clean energy transition. The Atlantic Council is a US-based...
  • Global stocks rise on Fed optimism, zero-Covid China policy reports

    Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a more dovish approach to fighting inflation. The Fed is widely expected Wednesday to announce a fourth straight 75-basis-point rate hike leading to worries it will tip the world's top economy...
  • UAE-US partnership to spur $100 bn clean-energy financing, development

    The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US, UAE and other countries; invest in responsible and resilient supply chains; and promote investment in green mining, production and processing of minerals and materials that are vital to the energy...
  • BP underlying Q3 profit at $8.2bn

    BP, flush with cash, revealed a $2.5 billion share buyback.
  • Algeria hosts first Arab summit since Israel normalisation deals

    Since the last Arab League summit in 2019, several members of the 22-member bloc -- for decades a forum for strident declarations of support for the Palestinian cause -- have normalised ties with the Jewish state. The United Arab Emirates went first in a historic US-mediated deal that made the...
  • UN says Afghanistan poppy cultivation surges as prices rise

    More than a year after it took power, Taliban has failed to curb opium poppy cultivation in the country as production and exports have boomed. According to the UN's drugs agency the poppy cultivation has gone up by a third despite the Taliban's ban in April on the cultivation.
  • Biden threatens tax hit for ‘war profiteering’ oil giants

    His comments came days after oil giants ExxonMobil and Chevron reported bumper earnings, reflecting how a surge in crude prices after Russia's invasion of Ukraine has boosted the industry. Natural gas costs have also risen, due to Europe's mobilization to offset lost imports from Russia.
  • Ukraine blames Russian blockade for making grain export ‘impossible’

    Russia's blockade of grain exports makes it "impossible" for fully loaded ships to leave port, Ukraine charged after Moscow claimed drone attacks on its Crimea fleet had exploited the grain corridor safe zone. Kyiv's maritime grain exports were halted after Russia pulled out of a landmark agreement that allowed the...
  • ExxonMobil Q3 net surges to US$19.7bn

    Hike in profit was due to high oil, natural gas prices.
  • Markets mixed as investors digest ECB hike, US data

    Volatile markets were mostly trading up after the ECB announced an expected hike to interest rates in the face of sky-high inflation and the US economy posted positive figures. The European Central Bank rolled out another increase of 75 basis points, despite growing concern the eurozone is hurtling towards a...
  • US economy grows in third quarter this year

    The US economy rebounded in the third quarter, expanding for the first time this year in welcome news for President Joe Biden days ahead of midterm elections, government data showed. Economic issues have become a flashpoint in the United States, with decades-high inflation weighing on growth and squeezing households.
  • Israel shares intel with US on Iran drones in Ukraine

    Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran supplied drones to Russia that have reaped destruction in Ukraine. In this connection, President Isaac Herzog held talks with Secretary of State Antony Blinken on a visit to Washington.