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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.

PKK declares ceasefire with Turkey after 40 years of armed struggle

Istanbul, Turkey - Outlawed Kurdish militants on Saturday declared a ceasefire with Turkey following a landmark call by jailed PKK...
  • The PKK, designated a terrorist group by Turkey, the United States and the European Union, has waged an insurgency since 1984 with the aim of carving out a homeland for Kurds
  • Turkey's vice president Cevdet Yilmaz said "a new phase" began toward achieving the goal of a "terror-free Turkey", without making any mention of the PKK statement

Israel endorses plan to extend Gaza truce as first phase draws to close, Hamas wants permanent peace

The first phase of a ceasefire deal between Israel and Palestinian militant group Hamas was set to expire over the...
  • Negotiations have so far been inconclusive, with the fate of hostages still held in Gaza and the lives of more than two million Palestinians hanging in the balance.
  • A senior Hamas official told AFP the Palestinian militant group was prepared to release all remaining hostages in a single swap during the second phase

Wild AI, a royal letter and big hugs – a week in Trumpworld

Washington, United States  - President Donald Trump closed out a packed week at the White House after hosting a string...
  • Last week, Trump branded elected Ukrainian leader Volodymyr Zelensky a "dictator" -- but things change fast in this administration
  • "Did I say that? I can't believe I said that," Trump responded with a slight grin when asked if his opinion had evolved

Trump and Zelensky clash in heated Oval Office meeting over Ukraine peace deal

During a tense meeting at the White House, Trump and Zelensky argued over the war with Russia, with Trump accusing...
  • Zelensky was at the White House to sign a deal on sharing Ukraine's mineral riches and discuss a peace deal with Russia, despite the US president recently branding him a dictator
  • Tempers frayed after Vice President JD Vance said that "diplomacy" was needed to end the war. Zelensky asked "what kind of diplomacy" and Vance accused him of being disrespectful

Microsoft retires Skype, the online voice and video call pioneer

San Francisco, United States - Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer...
  • Skype was founded in 2003 by Scandinavians Niklas Zennstrom and Janus Friis in Estonia, revolutionizing internet communication by offering free voice calls
  • Over the years, and as internet speeds improved, Skype evolved to include video calls, instant messaging, file sharing and group communication features

Saudi Arabia, Gulf neighbours say Ramadan to start on Saturday

Observing fasting during Ramadan is one of the five pillars of Islam, requiring believers to abstain from eating, drinking, smoking...
  • Saudi Arabia, home to Islam's two holiest sites, was joined by the UAE and Qatar in declaring the sighting of the crescent moon that heralds Ramadan
  • "The Supreme Court has decided that tomorrow, Saturday, is the first day of the month of (Ramadan)," the official Saudi Press Agency posted on X

e& reports $2.94 billion in net profit

e&’s subscriber base rose 11.7% to 189.3m
  • The company acquired PPF Telecom’s assets, expanding into Central and Eastern Europe
  • e& announced a progressive dividend policy, aiming for USD 0.24 per share by 2026

$2.65bn in contracts signed during first two days of IDEX and NAVDEX 2025

Abu Dhabi, UAE -- Tawazun Council, UAE's authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry...
  • Tawazun Council signed five deals worth a total of AED 5.8 billion with local and international companies on the second day of IDEX and NAVDEX 2025.
  • Tawazun Council is UAE's authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies.

UAE announces top-up tax for multinational enterprises

Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on...
  • The top-up tax will apply to entities that are members of Multinational Enterprises (MNEs) operating in the UAE with annual global revenues of €750 million or more
  • To bolster the UAE’s competitiveness as a leading investment hub, the top-up tax has been structured to exclude Investment Entities

UAE, France discuss bilateral ties, sign AI cooperation deal

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various...
  • Both sides emphasized collaboration in AI, climate action, energy, and sustainable development initiatives
  • They signed the UAE-France Framework for Cooperation in AI, including a 1GW AI Campus investment

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...

Latest News

4 charged with plot to kidnap New York-based Iranian journalist

Four Iranian nationals were indicted Tuesday on charges of plotting to abduct a journalist in New York, the Justice Department...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

Bomb-laden drones hit Erbil airport in northern Iraq

The attack took place at around 1930 GMT but caused no injuries or major damage Since the start of the...

Disagreement between UAE, Saudi Arabia hobbles OPEC

The UAE on Sunday pushed back against a plan by the OPEC+ group to extend a pact to cut oil...

Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

Turkey central bank cuts rate to 42.5% as inflation eases

Istanbul, Turkey - Turkey's central bank on Thursday lowered its key interest rate for a third consecutive time as inflation...

Arab leaders meet to hash out Gaza plan as Hamas urges against displacement under Trump plan

A draft version of the Egyptian plan seen by AFP lays out a five-year roadmap with a price tag of...

Trump orders pause to Ukraine aid: White House official

President Donald Trump suspended military aid to Ukraine on Monday, a US official told AFP, sharply escalating pressure on Kyiv...

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Israel blocks humanitarian aid to Gaza as ceasefire’s first phase ends, sparking global outrage

Truce mediators Egypt and Qatar accused Israel of blatantly violating the ceasefire deal by halting the aid, a move left trucks...
  • Early on Sunday Israel had announced a truce extension until mid-April that it said United States Middle East envoy Steve Witkoff had proposed
  • But Hamas has repeatedly rejected an extension, instead favouring a transition to the truce deal's second phase that could bring a permanent end to the war.

PKK declares ceasefire with Turkey after 40 years of armed struggle

Istanbul, Turkey - Outlawed Kurdish militants on Saturday declared a ceasefire with Turkey following a landmark call by jailed PKK...
  • The PKK, designated a terrorist group by Turkey, the United States and the European Union, has waged an insurgency since 1984 with the aim of carving out a homeland for Kurds
  • Turkey's vice president Cevdet Yilmaz said "a new phase" began toward achieving the goal of a "terror-free Turkey", without making any mention of the PKK statement

Israel endorses plan to extend Gaza truce as first phase draws to close, Hamas wants permanent peace

The first phase of a ceasefire deal between Israel and Palestinian militant group Hamas was set to expire over the...
  • Negotiations have so far been inconclusive, with the fate of hostages still held in Gaza and the lives of more than two million Palestinians hanging in the balance.
  • A senior Hamas official told AFP the Palestinian militant group was prepared to release all remaining hostages in a single swap during the second phase