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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

Putin talks to Raisi, expresses hope for restraint in Middle East

Moscow, Russia - Russian President Vladimir Putin and his Iranian counterpart, Ebrahim Raisi, discussed the latest escalation in the Middle...
  • According to the Kremlin, the Iranian leader said that Iran’s action was limited as he assured Putin that Tehran was not "seeking to escalate tensions further"
  • Iran's President Raisi warned that "the slightest action against Iran's interests will definitely be met with a severe, extensive and painful response."

Iran top security body: Response to Israeli aggression based on Article 51 of UN Charter

Iran’s Supreme National Security Council (SNSC) says the Iranian armed forces’ attack on the Israeli regime was carried out based...
  • Iran's SNSC said in its statement that Israel had crossed red lines
  • The Islamic Republic does not plan any further military action for now

QFZ, AEMOB to drive EV innovation

AEMOB Forum will be held in Qatar from April 30 to May 2
  • The collaboration harnesses QFZ’s unique position in facilitating trade and investment to propel the e-mobility ecosystem forward
  • Scheduled to convene in Doha, Qatar from April 30 to May 2, the AEMOB Forum serves as a platform for driverless e-mobility

Iran offers no response to Israeli strike, if US-secures Gaza truce: report

The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other...
  • According to a report by Jadeh Iran, Iran has communicated to the United States that it would refrain from retaliating to the airstrike if the US can secure a ceasefire in Gaza
  • The anonymous source cited in the report stated that if the US is successful in calming the situation, it would be seen as a significant achievement for the Biden administration

Red Sea Fund opens applications for production cycle

Riyadh, Saudi Arabia - The prestigious Red Sea Fund has thrown open its doors to filmmakers across Arab and African...
  • From April 6, 2024, directors hailing from Arab and African backgrounds can apply to secure a production grant for their films
  • With a minimum runtime requirement of 60 minutes, filmmakers are encouraged to submit their projects

UAE cements position as a top global investment hub in 2024

UAE ascends to 8th on Kearney's 2024 Foreign Direct Investment Confidence Index, affirming its appeal as a prime investment haven,...
  • The Foreign Direct Investment Confidence Index,, now in its 26th iteration, continues to be an authoritative forecast of global FDI trends
  • The UAE economy has witnessed extraordinary growth across key sectors that have thrived as a direct result of the nation’s diversification policies

Tehran, Baghdad to launch maritime passenger transport line

TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
  • Given the readiness of Iran’s Abadan and Khorramshahr ports for the transportation of passengers to the destination of Wasliya and Basra ports in Iraq..
  • the officials of the two sides have expressed their readiness for the initiation of the transportation of passengers via sea, Ali Akbar Safaei emphasized.

Air Arabia Egypt marks its first flight to Istanbul

CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
  • Upon arrival at Istanbul, the flight was greeted with a water cannon salute and a welcome ceremony.
  • The newly added route will connect both cities with a frequency of three weekly flights.

Jordanian industrialists call for export diversification

AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
  • They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.
  • Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.

UAE stocks see US$1.7bn inflow, IHC, Emaar lead

ABU DHABI, UAE- The  UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...
  • The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).
  • The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).

Muslim nations meet in Jeddah to unite against Trump’s controversial Gaza takeover proposal.

Trump's plan has already united Arab countries in opposition, with Saudi Arabia also hosting Arab leaders two weeks ago to...

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Masdar targets 100 GW of clean energy by 2030

Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious...

UAE’s satellite, developed by Emirati engineers, launched from California to aid disaster relief and earth observation

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring,...

Creators HQ, X announce strategic partnership to produce authentic, meaningful content

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs,...

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1 Billion Followers Summit: AI’s transformative role in content creation highlighted by YouTube, Meta, Duolingo

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together...
  • YouTube's Regional Director for the Middle East, Africa, and Turkey, shared insights on the pivotal role of ultra-short videos in reshaping digital content
  • Fares Akkad, Regional Director for the Middle East and North Africa at Meta, revealed the company’s vision for AI and emerging technologies in content creation

Content creation key to awareness, culture, human development: Dubai ruler

Dubai, UAE -- Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, attended part of...
  • The three day 1 Billion Followers Summit is being held in the UAE at Emirates Towers, the Dubai International Financial Centre, and the Museum of the Future in Dubai,
  • For the first time globally, leading platforms including Snapchat, X, YouTube, TikTok, LinkedIn, and Meta (Facebook, Instagram, WhatsApp) have come together in one place

UAE’s tech industry set to achieve record growth in 2025

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion...
  • The UAE has strengthened its position on the global map as an innovation-driven destination for the expansion of both global and emerging tech companies
  • International reports predict that the tech sector will continue to grow in areas such as artificial intelligence (AI), cloud computing, and emerging technologies like blockchain