Ford retreats from EVs, takes $19.5 billion charge as Trump policies grip industry
 Ford Motor (F.N), opens new tab said on Monday it will take a $19.5 billion writedown and is killing several electric-vehicle models, in the ...
AD Ports to launch tender offer for majority stake in Alexandria Container Handling
Abu Dhabi-- UAE-based AD Ports Group announced on Monday its intention to launch a cash mandatory tender offer (MTO) to acquire an additional stake ...
Yemen : Vessel “Kota Nanhai” Departs Al-Mualla Container Terminal
Aden – The vessel Kota Nanhai departed Al-Mualla Container Terminal at Aden Port this evening after completing the unloading of 457 stan ...
UK economy unexpectedly shrunk before Budget
The U.K. economy unexpectedly contracted 0.1% in the three months to October, according to official figures released Friday. Economists had ...
EU agrees to indefinitely freeze Russian assets, removing obstacle to Ukraine loan
The European Union agreed on Friday to indefinitely freeze Russian central bank assets held in Europe, removing a big obstacle to using the cash to ...
OPEC data indicate close oil supply-demand balance in 2026, no glut
World oil supply will match demand closely in 2026, OPEC data published on Thursday indicated, an outlook contrasting with projections from the Int ...
US Federal Reserve Cuts Rates by 25 bps, Markets Look to the Future
Washington -- As just about everyone anticipated, the US Federal Reserve cut its benchmark rates by 25 basis points, with the targeted range now at ...
Microsoft announces $17.5 bn investment in India, its 'largest ever' in Asia
Global technology giant Microsoft announced on Tuesday plans to invest $17.5 billion to help build India's artificial intelligence infrastructure, ...
Alpha Dhabi and Mubadala joint venture acquires European lending assets from Apollo
Abu Dhabi -- Alpha Dhabi Holding and Abu Dhabi's strategic investment arm Mubadala Investment Company's joint venture has acquired a European direc ...
UAE Economy Leads Gulf Growth in 2025, Says IMF
Abu Dhabi — The United Arab Emirates has posted the fastest economic growth in the Gulf region this year, according to the International Mone ...
Alpha Dhabi and Mubadala joint venture acquires European lending assets from Apollo
Abu Dhabi -- Alpha Dhabi Holding and Abu Dhabi's strategic investment arm Mubadala Investment Company's joint venture has acquired a European direc ...
China’s CNPC seeks to exit Sudan oil venture, citing war damage
Khartoum -- China National Petroleum Corporation (CNPC) has formally requested to end its oil operations in Sudan after three decades, stating that ...
ADGM Reinforces Its Status as Region’s Leading Financial Hub with Robust Q3 2025 Growth
Abu Dhabi -- Assets Under Management (AUM) within ADGM realised a year-on-year growth of 48% in Q3, 2025 compared to Q3 2024, with 161 asset and fu ...
China’s Moore Threads rockets 400% in IPO: Is this the next DeepSeek to challenge Nvidia?
Beijing -- Moore Threads, the Chinese graphics chipmaker, stunned investors this week with a meteoric debut on the Shanghai Stock Exchange, its sha ...
UAE bids to sweep Africa into its AI industrial revolution
Abu Dhabi -- Critics warn billions in ‘dumb money’ is being invested without clear strategy or due diligence in an attempt to become an ...
Black Sea War Insurance Soars 250% After Ukraine Ship Attacks
Insurance rates for ships calling at ports in the Black Sea are surging after a series of Ukrainian attacks on vessels with links to Moscow.  ...
Mubadala co-leads investment in South Korea's NanoH2O
Abu Dhabi -- UAE's Mubadala Investment Company, alongside Glenwood Private Equity and other co-investors, has invested in South Korean cleantech Na ...
After long courtship, Versace becomes part of Prada
Prada (1913.F), opens new tab said on Tuesday it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it h ...
Marvell nears multi-billion dollar deal to acquire Celestial AI: report
U.S. chipmaker Marvell Technology is reportedly close to acquiring chip startup Celestial AI in a multi-billion-dollar deal. The potential ...
Mubadala Energy strikes deal for gas supply to Indonesia
Jakarta -- The UAE’s Mubadala Energy and PLN Energi Primer Indonesia, a subsidiary of state-owned utility company PLN, have signed a “h ...
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