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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 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...
  • Saudi Arabia eyes partnerships to accelerate growth of digital economy

    Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali.
  • Iran says it briefly seized two US drone vessels in Red Sea

    Three days after it seized a US military drone vessel in the Gulf, the Iranian navy took control of two American drone vessels in the Red Sea before releasing them. Iranian state media aired footage on Friday purporting to show the two US vessels being released by Iranian forces on...
  • G7 to ‘urgently’ implement Russian oil price cap

    G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid to cut a major source of funding for Moscow's war in Ukraine. The G7 said it was working towards a "broad coalition" of support for the measure but officials in...
  • Slowdown or not? US job market walking a tight rope

    According to consensus, the unemployment rate for August should fall somewhere around 3.5 percent when official data is released at 1230 GMT. If the estimate turns out to be true, it would be the same rate as July when unemployment first returned to its pre-pandemic levels, which had been the...
  • Saudi Arabia eases visa rules for GCC, US, UK, EU residents

    The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom.
  • End of the road for New York’s horse-drawn carriages?

    Opponents say the horses live in cramped conditions, are often malnourished and dehydrated, get spooked by cars en route to the park.
  • Microsoft to set up biggest cloud data center in Qatar

    Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion to the economy over the next five years. As one of the tech company’s biggest international projects, it will boost Qatar’s efforts to move away from reliance on its oil...
  • New launch attempt Saturday for NASA’s Moon rocket

    The highly anticipated uncrewed mission dubbed Artemis 1 will bring the United States a step closer to returning astronauts to the Moon five decades after humans last walked on the lunar surface. Mission manager Mike Sarafin, said the NASA team "agreed to move our launch date to Saturday, September the...
  • Pentagon says Iran seized, and later released, US navy vessel

    The US Central Command's 5th Fleet said a support ship from Iran's Islamic Revolutionary Guard Corps Navy, the Shahid Baziar, was spotted towing the seven-meter (23-foot) Saildrone Explorer unmanned surface vessel (USV) late Monday.
  • Iran says nuclear deal ‘pointless’ without end to IAEA probe

    The Iran nuclear deal with world powers still appears to be far from certain as President Raisi now says that the deal is pointless unless the UN nuclear watchdog put an end to its probe of undeclared sites. Iran has repeatedly urged the agency to end the issue before any...
  • Honda, LG to invest $4.4 bn

    Firms say construction of US plant to begin next year.
  • Afghan minister says Pakistan providing airspace for US drones

    Mujahid's comments came less than a month after US President Joe Biden announced the killing of Al-Qaeda chief Ayman al-Zawahiri in a drone strike in Kabul.
  • Core inflation is unofficially dead

    If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come. Investors should increasingly invest in the tangible world to...
  • Julian Assange: Black eye of free press

    Whether it is the killing or state-sponsored arraignment of journalists or the closure of defiant media organizations, press freedom is under huge stress around the world.
  • Israeli spy chief to meet US officials on Iran deal

    Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister holding recent meetings in the United States.
  • Turkey accuses Greece of ‘hostile action’ against jets

    The two uneasy NATO neighbors have long-standing sea and air boundary disputes which lead to near-daily air force patrols and interception missions mostly around Greek islands near Turkey's coastline.
  • Two US Navy warships transit through Taiwan Strait

    The US Seventh Fleet said the pair of Ticonderoga-class guided-missile cruisers the USS Antietam and the USS Chancellorsville conducted the "routine" transit on Sunday "through waters where high seas freedoms of navigation and overflight apply in accordance with international law."
  • Iraq’s Sadr suggests ‘all parties’ resign from government posts

    For nearly a year, Iraq has struggled to break a political deadlock that has left the country without a new government, prime minister or president, due to disagreement between factions over forming a coalition. Now with Sadr calling for parliament to be dissolved, it will only deepen the uncertainty.
  • Saudi Arabia imports more cars in H1 than in whole of last year

    Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo throughput tonnage, official statistics showed in April.
  • UAE, US discuss enhancing military, defence ties

    Rear Admiral Pilot Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, explored means of fostering relations in all fields with Vice Admiral Brad Cooper.
  • Stocks slump after Fed chair vows tough inflation fight

    Stock slumped on Friday after Federal Reserve boss Jerome Powell pledged to act "forcefully" against soaring inflation in a battle that will be painful for Americans. The Fed has been on a campaign to raise interest rates and Powell said at Jackson Hole that the fight against inflation is not...
  • Turkey plays down US sanctions threat over Russia ties

    Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns will follow if they do business with sanctioned Russians. Nureddin Nebati's Twitter comments represent Ankara's first official response to a letter the US Treasury sent to Turkish businesses on Monday.
  • Iran urges IAEA to end undeclared nuclear sites issue

    The United States remains adamant that Tehran cooperate with the International Atomic Energy Agency to clear up suspicions about earlier work at three undeclared sites. In June, the IAEA's board of governors adopted a resolution censuring Iran for failing to adequately explain the previous discovery of traces of enriched uranium...
  • Syria says two wounded in Israeli air strikes

    The Syrian Observatory for Human Rights said the strikes were targeting Iranian-aligned militia, causing "several casualties." Israeli strikes, the Britain-based war monitor said, targeted positions and depots of arms and ammunition of Iran-affiliated militias. It reported multiple heavy explosions that sparked fires and resulted in "several victims"
  • Asian markets rise with eyes on China, Fed speech

    Central bankers are meeting in Jackson Hole in the US state of Wyoming, and all eyes are on Federal Reserve boss Jerome Powell's Friday speech for clues about plans to tame inflation. Market sentiment was also boosted by the Chinese government's Wednesday announcement of new policies to help sustain the...
  • Art lovers flock to Iran museum displaying Western artists’ works

    The Tehran Museum of Contemporary Art was inaugurated in 1977 during the reign of Shah Mohammad Reza Pahlavi, who was deposed by Islamic revolutionaries two years later.
  • Israel appeals West to halt talks seeking revival of Iran nuclear deal

    Israeli Prime Minister Yair Lapid on Wednesday urged Western powers to halt talks aimed at reviving a nuclear deal that he said would fill Iran's coffers and "undermine" Middle East stability. The 2015 accord, which is designed to prevent Iran from developing a nuclear weapon, has been on life-support since...
  • US treasury warns of sanctions against Turkey for trading with Russia

    Washington is growing increasingly alarmed that the Russian government and businesses are using Turkey to evade Western financial and trading restrictions imposed in response to the Kremlin's invasion of Ukraine six months ago. Turkey's imports of Russian oil are ballooning.
  • US President orders air strikes against ‘Iran-backed militias’ in Syria

    The air strikes ordered by US President Joe Biden hit nine bunkers in a complex, in eastern Syria, used for ammunition storage and logistics by Iranian-backed militias. A US military spokesman said air strikes “targeted infrastructure facilities used by groups affiliated with Iran’s Islamic Revolutionary Guard Corps.”
  • TikTok stars boycott Amazon in activism push

    It's the latest example of creators lending their online stage to a cause on the massively growing platform more known for dance crazes and catchy songs. An advocacy group calling itself Gen-Z for Change said it coordinated the pledge from more than 70 popular TikTok talents to stand in solidarity...
  • US expresses concern about violence on Syria-Turkey border

    The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops and their Syrian proxies.
  • US denies hints it is delaying Iran nuclear talks

    Denying suggestions that it is stalling a potential agreement to resurrect the Iran nuclear deal, State Department spokesman Ned Price said that the US has taken additional time to' seriously review' the Iranian comments in response to the EU text sent to both Tehran and Washington.
  • Stocks slide as traders mull Fed outlook, gas price spike

    World stocks sank Monday and the dollar rallied on concern the Federal Reserve will stick to its interest rate-hiking plans to combat inflation. Eurozone equities tanked as spiking natural gas prices sparked fears that winter energy shortages could cause recession, which helped push the euro down to a 20-year low...
  • EU says Iran nuclear deal meeting likely this week

    A meeting on resurrecting the Iran nuclear deal could be held 'this week' after Tehran submitted its response to an EU proposal, the European Union's top diplomat said Monday. Efforts to revive the JCPOA - the 2015 agreement between world powers and Tehran aimed at curbing Iran's nuclear ambitions -...
  • Jordan and US look to broaden ‘deep-rooted’ partnership

    Jordan and the United States have discussed ways to boost cooperation in various fields and to broaden the 'deep-rooted strategic' partnership between the two countries.
  • Aramco to complete $2.65bn buyout of Valvoline in 2023

    Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s downstream senior vice president, told media that the oil giant will complete the buyout of Valvoline in early 2023.
  • US names seasoned diplomat as new envoy to Kuwait

    The White House said that Sasahara is a career member of the Senior Foreign Service with the rank of Minister-Counselor who has "most recently served as Deputy Assistant Secretary of State for North Africa."
  • US says ‘concerned’ by Israeli closure of Palestinian NGOs

    The Israeli military announced earlier in the day that it had conducted overnight raids of seven organizations in Ramallah, the West Bank city where the Palestinian Authority's headquarters are located. Six of the Palestinian organizations were labeled last October as terrorist organizations by Israel for their alleged links to the...
  • Facebook bans major US anti-vaccine group

    Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban came after repeated violations of Meta's misinformation rules. The anti-vaccine group has appealed a lower court ruling against it in the litigation, according to legal filings.
  • US envoy expects China to ramp up coercion of Taiwan

    The US in retaliation will begin formal trade talks with Taiwan by the autumn to show support for the democracy, despite not holding official ties with the government in Taipei. Taiwan has displayed its most advanced fighter jet in a rare demonstration in the wake of China's drills.
  • US Fed warns of more interest rate cuts to tame inflation

    US Fed officials believe it will take some time to bring "unacceptably high" inflation back down near the two percent goal. And in this regard central bankers remain committed to raising interest rates further to quell rising prices, but agreed it would be appropriate to slow the pace of the...
  • Syria denies having US journalist Austin Tice in custody

    Denying holding the American nationals captive, including journalist Austin Tice, the Syrian government has responded to US President Jo Biden's assertion that he knew 'with certainty' that Tice was being held by the Syrian regime, calling on Damascus to help bring him home.
  • US acts to make hearing aids affordable

    In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be no requirement to see a doctor or audiologist.
  • Russian President pitches ‘combat-tested’ weapons to allies

    While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them for ‘reliability, efficiency’ and having been tested on the field of battle in ‘real combat operations more than once.’
  • Iran denies hand in attack, blames Rushdie for insulting Islam

    Three days after the assault on Salman Rushdie, Iran has denied any link with the attacker who stabbed British writer at a literary event in New York, blaming the writer himself. The foreign ministry spokesman said that Rushdie had insulted Muslims and the sacred matters of Islam.
  • US, Russia explore prisoner swap including arms dealer, athlete

    Last weekend Bill Richardson, a former US ambassador to the UN who has negotiated the release of several Americans held in other countries, said he was "optimistic" about efforts to negotiate a "two for two" prisoner swap with Russia.
  • US to boost Taiwan trade, conduct air, sea transits

    A new trade plan will be unveiled within days, while US forces will transit the Taiwan Strait in the next few weeks, said Kurt Campbell, White House coordinator for Asia-Pacific issues and an adviser to President Joe Biden. The statement came after Beijing raged at last week's trip by US...
  • Iran seeks to commission three more Khayyam satellites

    Iran plans to commission three more versions of a satellite launched this week by Russia, Tehran's government spokesman said Friday. The Khayyam blasted into orbit on Tuesday, prompting US accusations that it is intended for spying. Iran dismissed Washington's claim as "childish." "The construction of three other Khayyam satellites with...
  • Abu Dhabi non-oil foreign trade $33.75 billion in first half of 2022

    The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate of 22 percent, compared to AED20.11 billion in 2021. The trade in pearls, gemstones, precious metals and their products has increased to 40 percent.