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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.

  • UAE inflation low but businesses burdened by rising costs: Report

    IMF estimates inflation in the UAE is expected to be at 3.7 per cent in 2022, falling to 2.8 percent...

    About 37 percent of UAE businesses are changing their pricing strategy in line with cost increases and 31 percent are focusing on product or service differentiation.

    Businesses in the UAE report cost increases of 18 per cent for energy and utilities, 17 per cent for raw materials and 14 per cent for wages and staff compensation.

  • Salam International H1 net profit $8.6m

    The profit dropped by 3.21 percent compared to H1 2021.

    In a bourse filing on Tuesday, the company said the Earnings per share (EPS) amounted to QR 0.027 versus QR 0.028 for the same period of 2021.

    brokerage firm Dlala Holding posted a net profit of QR 4.943 million for the first half of 2022.

  • New buyer sought for first grain to leave Ukraine under deal

    The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize.

    The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize

    Another ship docked in Turkey Monday with a cargo of 12,000 tons of Ukrainian maize, becoming the first to reach its destination

  • Deliveroo to exit Netherlands on back of surging losses

    A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the...

    Revenue grew 12 percent to £1 billion despite easing Covid curbs and controversy over treatment of its riders

    In early London trading following Wednesday's earnings update, Deliveroo's share price rose 0.8 percent at 92 pence

  • UAE and UK partner to boost Senegal’s emergency response

    Etihad Credit Insurance (ECI) and UK Export Finance (UKEF) have partnered to boost Senegal's national emergency response infrastructure.

    Under the $147 million Redco Project Senegal, the country will receive fire fighting vehicles, airport firefighting and rescue vehicles, ambulances and medical vehicles

    Etihad Credit Insurance in partnership with UKEF has provided guarantees for the loan obtained by the Senegal Ministry of Economy, Planning and Cooperation

  • SAR passenger numbers rise

    More than 2.3m passengers used Saudi Railways in H1.

    The company said that the freight service also contributed to the removal of more than 871,000 trucks from the roads

    Saudi Railways CEO said results are reflective of the high-quality service and emergence of Saudi railways as a reliable transportation option

  • Doha Bank raises non-Qatari ownership threshold to 100%

    Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals

    Doha Bank, a Qatari public shareholding company, announced it after having earned all necessary approvals.

    The change has been made at the Qatar Central Securities Depository with immediate effect, the bank said in a statement

  • Barwa records rise in profit

    The net profit posted 0.73% jump to $147.25m in H1.

    The developer's earnings per share (EPS) amounted to QR 0.138 versus QR 0.137 for the same period of 2021

    Barwa, founded in 2005, established itself as one of the pioneering companies operating in real estate sector in Qatar with a total capital hovering around $1.68 billion

  • Vodafone Qatar profit up 61%

    Net profit for H1 2022 reaches $60 million.

    The increase in profit is mainly due to growth in earnings before finance, tax, depreciation and amortization

    Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion

  • Elon Musk sells about $7bn worth of Tesla shares

    Amid a high-stakes court battle with Twitter over a $44 billion buyout deal, Elon Musk has sold nearly $7 billion...

    According to filings published on the Securities and Exchange Commission's website, the Tesla boss sold some 7.9 million shares between August 5 and 9

    Twitter has been engaged in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company