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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.

Qatar wealthiest, UAE happiest in Arab world

GCC countries are the most prosperous and the happiest nations in the MENA region.
  • The World Happiness Report 2022 has ranked Finland as the happiest and Afghanistan as the unhappiest in the world.
  • Happiness has now become a key metric to track the performance of countries and corporate offices as well.

The World Happiness Report 2022, which ranks countries on the basis of a three-year average (2019-2021), has ranked Finland as the happiest country (with a score of 7.82 on the scale of 1-9, nine being the highest) in the world and Afghanistan (2.404) as the unhappiest. The results are not hard to explain. Years of war and the resulting economic ruin has left Afghanistan in tatters, while Finland is the third most prosperous nation in the world that has seen decades of peace of stability. The Middle East region also presents a contrast between the wealthy and relatively peaceful Gulf Cooperation Council countries and the strife-torn, economically weaker neighbors. TRENDS takes a look at how some of the Arab countries perform on prosperity and happiness indicators.