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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.

  • 2.6% year-on-year rise in insurance sector assets in Q1 2022: CBUAE

    The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1...

    The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1 million policies

    Gross Written Premiums increased Y-o-Y by 4.6 percent in Q1 2022 to AED 15.8 billion mostly due to an increase in property and liability insurance premiums

  • Qatar Airways orders 25 aircraft

    The airline ordered 25 Boeing MAX 10 jets worth $3.3bn.

    Boeing has triumphed over its European rival Airbus in the traditional Farnborough battle for orders this year.

    European rival Airbus cancelled a multi-billion-dollar order of 50 single-aisle A321neo jets from Qatar Airways.

  • Arada H1 property sales up

    The developer sold homes valued at $405m in Sharjah.

    The first half results saw completion of the company's first public financing deal, a $350 million sukuk issuance.

    The results come against Sharjah's booming property market, which saw a 65 percent increase in the total value of property sold in 2021.

  • American Airlines registers Q2 profit

    Profits were $476 million compared with just $19 million in the year-ago period.

    US carrier said its first profitable quarter, since the start of the pandemic, was due to operations

    American Airlines expects revenues of 10-12% above the 2019 level in the third quarter of 2022

  • Amazon expanding health care

    It will acquire US health care provider One Medical for $3.9 bn.

    The massive firm has steadily gone far beyond e-commerce, and earlier this year said its telemedicine service was expanding nationwide in the United States.

    One Medical, which has a network of primary care practices and telemedicine services, has grown to over 750,000 members.

  • Dubai Health Authority, Visa sign MoU to enhance health tourism

    The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...

    Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience

    The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries

  • Dubai records real estate transactions worth $296m on Thursday

    Dubai real estate market recorded 379 sales transactions worth AED1.09 billion ($296 million), in addition to 96 mortgage deals of...

    The sales included 359 villas and apartments worth AED755.34 million, and 20 land plots worth AED331.11 million.

    mortgages included 78 villas and apartments worth AED170.89 million and 18 land plots valued at AED148.89 million.

  • EU lifts sanctions on Syria’s Cham Wings airline

    The European Union said Wednesday it has lifted sanctions against Syria's private airline Cham Wings, after the company was blacklisted...

    The EU listed Syria's only private airline saying it had increased flights to Minsk in the summer of 2021 to transport migrants from Belarus to the EU illegally

    Cham Wings flights are limited to a handful of mostly Arab destinations, in addition to Tehran and Moscow, after Syria was slapped with Western sanctions

  • Digitization of govt services spurs MENA IT spending

    The IT spending in the MENA region will hit US$1.7bn in 2022 as the governments are using technology to streamline...

    Sixty-six percent of total IT spending in 2022 will go toward communication services, which will remain the largest segment

    Global government IT spending is estimated to reach US$565.7 billion this year, up 5 percent from 2021

  • Are EVs driving towards greener world or uncertainty?

    Studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery...

    Recent studies suggest the electric vehicles may not eliminate all emissions even by 2050, particularly those related to mining and battery production.

    Wider adoption of EVs will hinge on affordability which, in turn, is reliant on battery production and robust charging infrastructure