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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.
  • UAE delegation attend meetings on sidelines of UNGA session

    The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United Nations General Assembly.
  • UAE, UN Women discuss gender equality, empowerment

    NEW YORK, US - UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan discussed enhancing the prospects of women empowerment and gender equality with Sima Bahous, chief of UN Women. The two met at the Permanent Mission of the UAE to the United Nations in New York during the 77th...
  • Dow drops to lowest level in two years as recession looms

    Falling for the fourth straight session, Wall Street stocks finished lower on Friday as markets bet on the rising risk of a recession due to interest rate hikes. All three major indices tanked more than 1.5 percent, adding to the week's losses after Wednesday's big Fed rate increase spurred similar...
  • World markets plunge on growing recession fears

    Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on growing recession fears after central banks this week hiked interest rates to fight inflation. Monetary policymakers have been forced to go on the offensive, warning that short-term hits to economies are less painful than the long-term...
  • Markets drop as Fed and European central banks hike rates

    European markets were down in afternoon trades, with London's FTSE 100 shedding 0.5 percent after the Bank of England raised its rate again to combat inflation and signaled that the UK entered recession in the current quarter.
  • Saudi Education Minister meets founder of edX platform in US

    Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at Boston University in the United States.
  • World has to fight food insecurity together

    Over 100 countries have signed on to the Roadmap for Global Food Security. Many are already acting on those commitments. Action is crucial because the current crisis is one that no individual country or even group of countries can solve alone. We have to get emergency aid to the people...
  • US announces $2.9 billion for resolving global food insecurity

    The White House said food supplies are being dangerously disrupted by "the compounding impacts of the pandemic, the deepening climate crisis, rising energy and fertilizer costs, and protracted conflicts -- including Russia's invasion of Ukraine."
  • Spotify plans to sell 300,000 audiobook titles to US users; eyes expansion

    Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand availability to other markets, and build relationships with publishing houses and expand the selection of titles.
  • Pentagon denies link to fake social media accounts

    After a Washington Post report revealed that Facebook and Twitter have shut down a number of fake accounts suspected to be created by the US military, promoting pro-West disinformation, the Pentagon has begun a review of its psychological warfare operations while denying that the military was behind fake accounts.
  • Commodities drop amidst darkening growth outlook 

    In addition, demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades. Meanwhile, the US walked back on its SPR refill stance by saying that it didn’t include a strike...
  • France’s Macron to meet Iran’s Raisi for revival of nuclear accord

    The Biden administration says the deal remains the best way to restrict Iran's nuclear program but has been increasingly pessimistic that Tehran will agree to a compromise negotiated by European Union mediators.
  • Kuwait renews support for peace initiative in Yemen

    Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability in the war-scarred country.
  • Switzerland to buy 36 US F-35 stealth fighter jets for $6.2 billion

    Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more than six billion francs ($6.2 billion). "National Armaments Director Martin Sonderegger and the Swiss F-35A Program Manager Darko Savic signed the procurement contract on 19 September 2022 at armasuisse in...
  • Iran President seeks US guarantees to renew nuclear deal

    "We cannot trust the Americans because of the behavior that we have already seen from them. That is why if there is no guarantee, there is no trust," he told CBS News. Former president Barack Obama negotiated the agreement under which Iran drastically scaled back nuclear work in return for...
  • Joe Biden says Covid pandemic in US “is over”

    Although people are still testing positive for Covid in the country, US President in an interview declared that pandemic in US is over.
  • Iran takes battle of frozen US assets before UN’s top court

    Iran wants billions of dollars in US assets to be unfrozen and returned to it, while the US says money must go to victims of terrorist attacks blamed on Tehran. Tehran took Washington to the Hague-based ICJ in 2016 after the US Supreme Court ordered some $2 billion in Iranian...
  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified Economic Opportunity Commission of the Utah House of Representatives, USA.
  • US team explores ways to boost economic ties with UAE

    The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders, including First Lady Abby Cox.
  • Biden warns against use of nuclear, chemical weapons

    US President Joe Biden has warned his Russian counterpart Vladimir Putin against using chemical or tactical nuclear weapons due to his losses in Ukraine . "Don't. Don't," Biden said, in an excerpt from an interview with CBS. Biden was responding to a question about the possibility of Putin resorting to...
  • US to provide US$1.45bn per year in assistance to Jordan

    The US will provide $1.45 billion per year in bilateral foreign assistance to Jordan, from 2023 to 2029.
  • US justice department gets a voice in Epic battle with Apple

    One year after a Californian court ruled in favor of Apple, the US justice department wants to have its say on Apple's antitrust tussle with Epic Games, which is due to be heard on appeal next month. The appeals court granted the department the right to send a representative to...
  • Stocks mostly slide; pound hits 37-year dollar low

    Stock markets mostly slumped Friday, while the British pound tanked to a 37-year dollar low as weak UK retail sales stoked global recession fears. Sterling slid to $1.1351, the lowest level since 1985, on news that British retail sales tumbled by far more than forecast in August as shoppers faced...
  • Israel preparing to connect to gas field disputed by Lebanon

    Israeli energy ministry's announcement comes less than 10 days after Energean announced it was "on track to deliver (the) first gas from the Karish development project within weeks." Israel says the Karish field is located entirely within its exclusive economic zone, but Lebanon insists that part of the field falls...
  • ENEC shares expertise at cyber energy leadership forum

    The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over 117 experts from government, semi-government and private sector gathered to discuss best practices to enhance the cyber resilience of the energy sector in the UAE and globally.
  • Josep Borrell says Iran nuclear talks in “stalemate”

    Less than a month after signs emerged of a possible signing of the nuclear deal, EU foreign policy chief Josep Borrell said that negotiations to bring Iran and the US back are in stalemate. He has been the main driver for more than a year to try to revive the...
  • US again approves most aid to Egypt despite rights concerns

    President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on human rights, pointing to limited progress, officials said. Secretary of State Antony Blinken finalized a package of $1.17 billion for Egypt, which has been one of the largest recipients of...
  • US to dispatch US$756m humanitarian aid to Syria

    Continuing with what it called "unwavering support for the Syrian people, US State Department said that will send $756 million in new humanitarian aid to Syria, where need remains "dire" after more than a decade of war. The funds were in addition to a trance of $808 million announced earlier...
  • Moscow says visas issued for Russians to attend UN session

    Russia said visas had been issued for Foreign Minister Sergei Lavrov and members of his delegation to attend the UN General Assembly at UN headquarters in New York from September 20 to 26. Moscow had earlier expressed alarm that US entry visas had not been issued for 56 representatives of...
  • NASA’s Moon mission pushed back, again

    The date would depend on engineering teams successfully carrying out a test to fuel up the Space Launch System rocket, and receive a waiver to avoid retesting batteries on an emergency flight system that is used to destroy the rocket if it strays from its designated range.
  • US inflation likely eased in August, but not enough

    Thanks to falling gasoline prices, US inflation has slowed down in August, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses. The annual inflation pace also is likely to have improved to 8.0 percent from the blistering...
  • Bring IS relatives home from Syria: US CENTCOM to nations

    Al-Hol camp holds around 56,000 people -- mostly Syrians and Iraqis, but also around 10,000 who consist largely of wives and children of Islamic State (IS) fighters originating from further afield. Many were taken to the camp during the defeat of the jihadist group's self-declared caliphate by US-backed Syrian Kurdish...
  • Stock markets rally, as euro briefly surges

    Stock markets rallied Monday, building on pre-weekend momentum as investors priced in the expectation of further interest rate hikes aimed at taming decades-high inflation. The euro surged, a day after German central bank chief Joachim Nagel signaled that the European Central Bank (ECB) would probably continue raising its key rate.
  • Germany regrets Iran failure to agree to nuclear deal

    German Chancellor Olaf Scholz said Iran has failed to agree to proposals from European countries on reviving a deal on restricting its nuclear program, warning this would derail any accord in the near future. Meanwhile Israeli Prime Minister Yair Lapid visited Germany to persuade Western powers to ditch the pact...
  • ‘Certainly a risk’ of US recession, Yellen says

    An American recession "is a risk when the Fed is tightening monetary policy to address inflation," President Joe Biden's leader on financial, economic and tax policy told CNN, referring to the US Federal Reserve. "So it's certainly a risk that we're monitoring," Yellen added, but "we've got a good strong...
  • Sympathy, solidarity as US marks 21st anniversary of 9/11

    Relatives of victims, police officers, firefighters and city leaders gathered at the National September 11 Memorial in Lower Manhattan, where the names of those who died were read aloud -- as they have been every year since the deadliest single attack on US soil.
  • Blinken says Iran moved ‘backwards’ in nuclear deal talks

    Iran's latest reply on a nuclear deal is a step "backwards," US Secretary of State Antony Blinken said Friday, insisting Washington would not rush to rejoin at any cost. European mediators last month appeared to make progress in restoring the 2015 accord as Iran largely agreed to a proposed final...
  • US sanctions Iranian company that shipped drones to Russia

    The US Treasury said it had placed Tehran-based Safiran Airport Services on its sanctions blacklist, two months after the White House divulged intelligence that Russia was seeking Iranian unmanned aerial vehicles (UAVs) for its war on Ukraine.
  • UN says Iran can make a nuclear bomb in three weeks

    The UN atomic watchdog has warned Iran has enough enriched uranium to make a bomb in three weeks and that there is no guarantee that its nuclear program is peaceful. The IAEA said it was “concerned that Iran has not engaged with the agency on the outstanding safeguards issues."
  • US condemns Iran’s cyberattack on Albania, its ally

    US has threatened to launch ‘further action’ against Iran for what it called an ‘unprecedented’ cyberattack against its ally Albania. US has accused Iran of threatening the security of a US ally and setting a troubling precedent for cyberspace. Albania in retaliation has cut off diplomatic relations with Iran.
  • After Italy, US now returns antiquities to Egypt

    A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million to Egypt, including five works that were seized from the Metropolitan Museum of Art. The return of antiquities is part of a probe by authorities in New York into international...
  • Juul to pay US$438m in US over marketing vapes to youth

    Under the agreement, Juul would provide payments over the next 6-10 years to individual US states and pledge to not employ cartoons in ads or otherwise market to younger consumers.
  • US returns stolen antiquities worth US$19m to Italy

    US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found in the Metropolitan Museum of Art in New York. Manhattan District Attorney said some 58 pieces represent thousands of years of rich history, "yet traffickers in Italy utilized looter to...
  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation. Frankfurt, London and Paris equities carved out gains despite poor German data, a day after tumultuous trading as Russia curbed gas supplies to Europe.
  • US says oil supply must shore up growth after OPEC+ cut

    In a thinly veiled criticism of the OPEC's decision to cut supply, the US said that oil production must be kept up to bolster global economic growth. White House Press Secretary said that President Joe Biden ‘has been clear that energy supply should meet demand to support economic growth and...
  • Middle East battles rising data breach costs

    Most of the data breaches reportedly happen within the organization, but the silver lining is that organizations are handling these more effectively now.
  • Pure Health to invest US$500m

    It will buy stake in a US healthcare firm Ardent.
  • Blinken welcomes appointment of new UN envoy to Libya

    US Secretary of State Antony Blinken has welcomed the appointment by UN Secretary-General Antonio Guterres of Abdoulaye Bathily as Special Representative of the Secretary-General for Libya.
  • UAE keen to work with global partners to address energy issues

    A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.
  • US to persist with imposition of tariffs on Chinese goods

    Paying heed to hundreds of requests from American companies, the US government confirms it will continue to enforce the tariffs on Chinese goods imposed by former president Donald Trump. President Biden had been considering whether to remove some of the tariffs, amid pressure to offer some relief to soaring US...