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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Three die, 1,521 test Covid positive in UAE

    • The total death count rises to 1,913, and more than six hundred thousand have tested positive so far

    • The Ministry of Health and Prevention reported having done 152,302 Covid-19 tests

    Three people have died from the Covid infection and more than 1,521 have tested positive overnight in the United Arab Emirates, raising the country’s total caseload to 668,601 and 1,913 deaths.

    The Ministry of Health and Prevention (MoHAP) also reported 152,302 additional COVID-19 tests were done over the past 24 hours, as the UAE has been aggressively carrying out early detection of the highly contagiddous disease to ensure prompt intervention and prevent its spread.

    MoHAP also said that an additional 1,474 individuals had fully recovered from COVID-19, bringing the total number of recoveries to 646,227.