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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.
  • Dates conference attracts top global experts

    Top global experts attended the second edition of the International Dates Conference held in Qassim as part of the annual...

    The two-day conference held several sessions with the participation of 45 speakers — experts and specialists in fields

    It also discussed the international experiences in highlighting the role of the cooperative societies sector in marketing agricultural products

  • Bahrain Bourse forms Disciplinary Appeals Board

    Members of the board will be appointed following a resolution from BHB’s board, and approved by the Central Bank of...

    The board shall be responsible for investigating appeals against disciplinary resolutions issued by related parties

    This will be in compliance with Bahrain Bourse’s Business Rules and the CBB Volume 6 DRA module

  • Egypt’s economy capable of facing challenges: Sisi

    The Egyptian president also said the country’s economy was better equipped to meet the aspirations of the Egyptian people.

    These statements come in the aftermath of Egypt’s non-oil exports increasing 22 percent in July, as compared to the same period last year

    In fact, the International Monetary Fund has already predicted that the country’s GDP would grow 5.2 percent in the current fiscal

  • Iran to build 3GW renewable power plants

    The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.

    There are currently 100,000 agricultural wells in the country that use diesel to pump water

    The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid

  • Qatar to host its own version of Geneva Motor Show

    The organizers of the Qatar Geneva International Motor Show intend the event to take place every two years.

    The first edition of Qatar Geneva International Motor Show is planned for the autumn of 2022 or 2023

    The final dates are expected to be confirmed in the coming weeks, and the full concept will be revealed during GIMS 2022

  • Iraq to rid its power woes with solar energy

    Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW...

    The first plant will have a capacity of 750 MW, and the country will add more plants until it hits the 2,000 MW target

    Writing on a blog Iraq’s prime minister Mustafa Al-Kadhimi said this was one of the first such projects in the country

  • SRMG taps Japanese firms

    It has struck a content deal with Japanese publishing houses.

    The partnership will enable SRMG to establish official channels with Shogakukan, Shueisha, and Kadokawa

    This will let it adapt and localize global content for Arab audiences

  • Saudi banks cheer recovery with surge in loans

    Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting...

    Saudi lenders increased their loan books by a net 13.1 percent from the previous three months

    Average return on equity was 11.0 percent

  • More women in EGA management

    EGA plans to have women in 25% of its supervisory roles.

    Two members of EGA’s Executive Committee are women

    EGA also employs more than 400 women around the world

  • Obhur Bay, the go-to spot for pleasure seekers

    To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a...

    Surfing takes on a unique characteristic in the bay, as, in order for people to safely enjoy the sport, they are required to be highly skilled in terms of guiding the board

    Boat and jet ski competitions are also held throughout the year, and many resorts and hotels are found along the 11-km-long bay

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