Search Site

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.

Macron wants ‘a calming down’ in France-Algeria relations

Media reported that French president Emmanuel Macron had told descendents of Algeria's war of indpendence that the North African country was ruled by a "political military system" that had "totally re-written" its history SEBASTIEN BOZON POOL/AFP
  • Algeria over the weekend recalled its ambassador from Paris and banned French military planes from its airspace
  • Algiers was also angered last week after France said it would sharply reduce the number of visas it grants to citizens of Algeria, Morocco and Tunisia

French President Emmanuel Macron said on Tuesday he hoped that relations with Algeria could become pacified after a row over visas and critical comments by Paris towards Algiers.

“My wish is for a calming down because I think it’s better to talk and to make progress,” Macron told the France Inter broadcaster, adding that his relations with Algerian President Abdelmadjid Tebboune were “truly cordial”.

Algeria over the weekend recalled its ambassador from Paris and banned French military planes from its airspace, which France regularly uses to reach its forces battling jihadists in the Sahel region.

That came after a bitter row over visas, followed by media reports that Macron had told descendants of Algeria’s war of independence that the North African country was ruled by a “political-military system” that had “totally re-written” its history.

Algiers was also angered last week after France said it would sharply reduce the number of visas it grants to citizens of Algeria, Morocco and Tunisia.

Paris said the decision had been made necessary by the former colonies’ failure to do enough to allow illegal migrants in France to be returned.