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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.
  • Music beats the blues in Tunisian youth project

    Local children and teenagers come together in the afternoon to compose and rehearse music for a creative break from their...

    The after-school music club project is called Tunisia 88 - a reference to the number of keys on a piano - and aims to get youngsters to develop their creative and leadership skills

    It has engaged 5,000 to 10,000 youths a year across Tunisia's almost 600 schools since it was founded in 2017 by US pianist Kimball Gallagher and Tunisian Radhi Meddeb

  • Saudi film industry gets boost with $100m investment fund

    Riyadh, Saudi Arabia -The Middle East Financial Investment Company (MEFIC Capital) has unveiled the establishment of the Saudi Film Fund,...

    The strategic fund is an outcome of an agreement involving the Cultural Development Fund, MEFIC Capital, and Roaa Media Ventures

    The Saudi film production market has experienced impressive growth, boasting an annual growth rate exceeding 25%

  • ‘Oppenheimer’ dominates BAFTAs in major Oscars boost

    London, United Kingdom - "Oppenheimer", Christopher Nolan's epic movie about the creation of the atomic bomb, swept the board at Sunday's...

    The movie earned seven awards in total, including best film, best director for Nolan, best actor for Cillian Murphy and best supporting actor for Robert Downey Jr

    In the film, Murphy plays J. Robert Oppenheimer, the US theoretical physicist often called the "father of the atomic bomb" who was haunted by the consequences of his creation

  • WEF24: Virunga battles deforestation, habitat loss

    Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de...

    Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.

    Addressing investment risks and finding sustainable funding methods for forest protection become significant challenge amid ongoing regional conflicts, de Merode adds.

  • Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

    RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...

    Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.

    Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

  • Riyadh to host Saudi’s first snooker event in 2024

    London, UK - Saudi Arabia will stage its first ranking snooker event in 2024, with a prize pool of more than...

    The inaugural Saudi Arabia Snooker Masters will trail only the World Championship in terms of prize money

    A 10-year deal has been agreed for the event, which will take place from August 31 to September 7 in Riyadh

  • Air Arabia 2023 net profit $408m

    The firm recorded a 27 percent rise in profit compared to 2022.

    The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion

    Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

  • Archaeological sites discovered in Southern Saudi Arabia

    ABHA, SAUDI ARABIA  - The Heritage Commission announced its most prominent discovery in Jurash, Asir region, as one of the...

    These were the result of strenuous excavations that took place in 2023.

    Residential units whose walls were built with stones and clay were revealed.

  • US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

    TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...

    The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.

    Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

  • Law, politics hamper UK museum return of artifacts

    LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...

    Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.

    British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.