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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.

  • DAE posts H1 profit of $140.1m

    Its profit increased 186 percent in first six months of 2022

    Dubai Aerospace Enterprise reports 186% growth in profit in the first six months of 2022

    DAE says cash flows from operating activities increased by 36 percent to $678.5 million.

  • UAE citizens’ housing gets help of over $6.8bn in 2022

    The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans...

    The UAE’s citizens' housing segment in 2022 achieved significant progress and got massive financial aid for federal and local plans

    On May 9, the Cabinet adopted a federal housing loan policy to provide loans via partnerships with private sector and national banks.

  • Aramco, SABIC receive world’s first blue hydrogen, ammonia certification

    Saudi oil giant Aramco and SABIC Agro-Nutrients Company have obtained the world's first independent certifications recognizing the production of blue...

    TUV Rheinland, a system testing, inspection and certification services provider based in Germany, awarded these certifications to SABIC Agri-Nutrients Company in Jubail.

    SASREF, a wholly owned subsidiary of Saudi Aramco, produced 8,075 tons of blue hydrogen.

  • Firm seeks professional to taste test 3,500 candies

    The new hire will get an annual salary of $78,000. Since the Chief Candy Officer is required to taste thousands...

    Candy Funhouse, a Canadian online candy shop, said it has received more than 100,000 candidates in two weeks.

    On social media, the posting is a big hit with adults and children alike. One Twitter user said that his eight-year-old daughter had made a LinkedIn profile just to apply.

  • Dubai records realty deals worth $241 million on Wednesday

    Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday. The real estate market in the emirate recorded 310...

    The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million.

    A day earlier, Dubai real estate market recorded AED1.2 billion in realty transactions.

  • Lufthansa posts $263m profit

    In 2020 a government bailout saved airline from bankruptcy.

    CEO Carsten Spohr said that airline was back in the black, terming the pandemic as most serious crisis to hit the company

    Lufthansa will start hiring some 5,000 employees to cope with growing chaos at airports

  • SNHC posts 122% jump in profit

    Sharjah Hotels occupancy rate jumped to 67 percent in H1.

    The improved performance brought the hotel group closer to pre-pandemic levels in the second half of 2022, showing a steady return in customer confidence

    The hotel group is looking for opportunities to expand its portfolio of managed hotels and catering contracts

  • Aramco, Sinopec to partner on projects in Saudi Arabia, China

    This latest collaboration builds on existing joint ventures between the two companies.

    This latest collaboration builds on existing joint ventures between the two companies

    The companies will discuss the establishment of a manufacturing hub in King Salman Energy Park

  • Hotel construction to see boom in Saudi Arabia: TOPHOTEL Projects

    Saudi Arabia will see a boom in construction of hotels in 2023, with some 63,753 to be available for guests...

    According to the TOPHOTEL Projects, some 80 hotel projects in the kingdom are scheduled for completion next year

    Saudi Arabia has led the hotel construction market in the Middle East with some 37,654 rooms being built at the end of the second quarter of 2022

  • UAE’s high-end luxury sectors most crypto-friendly

    Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul...

    Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul Hegde, NFT & digital marketing expert

    The biggest challenge is ‘acceptance’. A confident consumer base compatible with dealing in crypto is needed to push these payments, he adds