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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.
  • Tadawul launches single-stock futures trading

    Tadawul has posted more than 30 trades in single-stock futures on its launch as Aramco and Saudi Telecom Co. led...

    Aramco futures logged a trading volume of 20 so far with a value of SR76,200 ($20,304), while stc posted 10 trades worth SR97,700

    The launch of single-stock futures as Tadawul’s second derivatives product — after launching index futures in 2020 — comes amid efforts to bolster liquidity

  • Qatar has a new fixation: eSports

    World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's...

    A digital army is at the ready in the gas-rich emirate, where many "majlis" rooms -- communal gathering places attached to homes -- have long doubled as video game hubs for friends

    Samha is head of eSports projects at Virtuocity, Qatar's first dedicated gaming complex which was set up in 2019

  • Dragon Oil extends Turkmenistan contract for 10 more years

    The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil.

    The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil

    Over the past decade, Dragon Oil has evolved from a single-origin oil and gas company operating in Turkmenistan only, to a global operator

  • ADDED, GE Digital to fast-track digital shift in Abu Dhabi’s manufacturing sector

    ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative...

    ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative sector.”

    The UAE’s manufacturing sector plays a pivotal role in the diversification of the national economy, with Abu Dhabi accounting for 40 percent of that

  • Israel PM to seek French intervention in gas row with Lebanon

    Israeli Prime Minister Yair Lapid makes his first foreign trip as premier on Tuesday to Paris, where he will ask...

    Lebanon rejects Israel's claim that the Karish gas field lies within its territorial waters

    Lapid took over the premiership on Friday following the collapse of Israel's coalition government

  • Innovest of KSA exits Misk Tarout

    The Saudi firm earned $8m in profit in the last three months.

    The Alkhobar-based real estate firm confirmed its profit from the exit process will be calculated in the company’s financial statements for the second quarter of 2022

    The exit will also enhance its direction in implementing targeted profitability and growth plans, CEO Essam Bukhamseen said

  • Mecca businesses see hajj boom ending pandemic slump

    Two years of drastic restrictions on the number of pilgrims emptied shops and hotels across the Saudi Arabian city of...

    Two years of drastic restrictions on the number of pilgrims emptied shops and hotels across the Saudi Arabian city of Mecca

    Haj and Umrah generate about $12 billion (11.5 billion euros) annually, keeping the economy humming in Mecca

  • MENA gaming sector plays well with new technologies

    The region's gaming industry is estimated to be worth $5 billion by 2025 with Saudi Arabia and the UAE leading...

    The region's gaming industry is estimated to be worth $5bn by 2025 with Saudi Arabia and the UAE leading the growth closely followed by Egypt and Qatar

    Although a spike in gaming consumption was driven by the pandemic, sustained growth is expected owing to a combination of factors, says market players

  • European stocks surge Monday after nosediving last week

    Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last...

    London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively.

    Markets have suffered sharp losses in recent weeks on fears that global rate hikes -- aimed at fighting soaring inflation.

  • IMF authorities in Tunisia to discuss bailout package

    An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with...

    Tunisian central bank's press office told AFP that the two-week visit would involve officials from the bank and the finance ministry.

    The North African country, the birthplace of the 2011 Arab Spring uprisings, has been suffering under a grinding economic crisis.