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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.

  • ADNOC Drilling H1 profit $379mn

    The firm's revenue increased 13 percent to US$1.27 billion

    ADNOC Drilling revenue increased 13 percent to US$1.27 billion compared to the same period last year

    First half EBITDA was $580 million, up 16 percent year-on-year, with a market-leading margin of 45.7 percent

  • Google outage reported by tens of thousands of users

    More than 40,000 users, including in New York City and Denver, Colorado, reported disruptions when trying to use Google's services,...

    On Twitter, some users posted screenshots of the 500 error message they received while trying to use Google

    Downdetector tweeted that user reports indicate Google Maps is having problems since 0136 GMT

  • Kurdish Iraqi farmer sprouts online advice, green awareness

    The mustachioed 50-year-old with almost half a million Facebook followers posts weekly videos on topics such as protecting fruit trees,...

    The mustachioed 50-year-old with half a million Facebook followers posts weekly videos on topics such as protecting fruit trees and helping people get more from their farms

    With Iraq already witnessing record low rainfall and high temperatures in recent years, Muhamad warned that if the government doesn't act now, the damage will be done

  • SABIC profit surges to $2.1bn

    The Saudi firm's net profit was fueled by higher sales volume.

    Analysts had predicted a 23-percent decrease in profit along with a 25.7 percent surge in sales

    SABIC Agri-Nutrients, which posted a 262 percent rise in quarterly profit, also beefed up the company’s performance

  • IHC H1 profit surges to $3bn

    The company slew of acquisitions helped its earnings.

    The performance across all IHC subsidiaries has resulted in a strengthening of the conglomerate’s balance sheet

    The company's strategic acquisition of companies in H1 2022 had a positive impact on the organisation's net worth

  • Apple to open outlet in Riyadh

    The firm will sell its full range of products and spare parts.

    The Saudi investment minister Khalid Al-Falih told media that said several international companies, including Google, Alibaba, Microsoft and IBM, intend to invest in the kingdom

    The minister said that investments will be coupled with the development of human resources through partnership of these companies with academies, universities and training centers

  • Mubadala to buy Canada Cartage

    Canada Cartage provides national fleet solutions.

    Canada Cartage has a wide network of 33 facilities across Canada and has two business segments, Dedicated Transportation and Logistics

    Mubadala's Head of Private Equity Adib Martin Mattar said Canada Cartage operates in a sector in which "we have significant expertise, which is business services"

  • Global disruptions shift focus to new work models

    Organisations can either view recent global disruptions such as Covid-19 pandemic as a death sentence or as a chance to...

    A large proportion of businesses across the world have felt the damaging effects of the Covid-19 pandemic

    Recent research has revealed that 87 percent of small business owners have lost money over the last two years

  • Challenger banks struggle for market share in GCC

    Net sentiment for traditional banks is higher than those for challenger banks as the former have a long history in...

    Net sentiment for traditional banks is higher than those of challenger banks as the former have a long history in the market and have proved to be trustworthy and reliable.

    Today consumers expect speed, efficiency and reliability from banks. The digital revolution also creates an opportunity to increase financial inclusion in the Gulf region

  • Qatar Chamber to promote investment in country during world cup

    Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and...

    Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.

    Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.