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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.
  • CEPA with India, Israel, Indonesia to help UAE economic growth

    The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the...

    Comprehensive economic partnership agreements to help UAE's economy's growth by 2.6 percent by 2030

    The UAE is holding talks with several other countries for signing similar agreements

  • Turkish Airlines flights at pre-pandemic conditions

    Turkish Airlines has announced that flights to Saudi Arabia have resumed to pre-pandemic conditions and Saudi citizens will now be...

    Turkish Airlines announces that flights to Saudi Arabia have resumed to pre-pandemic levels

    The airlines said that from June 20, 2022 the restrictions set by Türkiye due to COVID-19 has been lifted

  • Iran, Russia, Turkey considering joint car design and production

    Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black...

    The proposed cooperation on automobile constriction between the three nations could progress rapidly.

    Numerous car makers have stopped sales of their cars or parts to Russia since it sent military to Ukraine.

  • Dubai Supreme Council moots monitoring panel for petroleum trading

    Dubai Supreme Council of Energy on Monday discussed establishing a permanent committee to monitor petroleum product trading in Dubai and...

    At its 71st meeting, the Council said that in 2021, savings were equivalent to 6.4 terawatts of electricity, approximately 12.5 percent of business as usual.

    Since 2011, demand-side programs have contributed to avoiding 14.1 million tons of carbon dioxide emissions, saving nearly AED9 billion. 

  • Dubai Customs’ department carries out nearly 62,000 inspections in Q1

    The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first...

    The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022.

    The smart scanning systems developed by Dubai Customs has increased the rate of identifying suspicious shipments.

  • DEWA produces 700MW more energy, capacity rises to 14,117MW

    DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD...

    DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD and CEO of DEWA said

    Al Tayer revealed that the clean energy share in Dubai’s energy mix has reached 11.5 percent and is expected to reach 14 percent by the end of 2022

  • Al Bateen ladies’ beach in Abu Dhabi to be given makeover

    Al Bateen ladies' beach in Abu Dhabi will be redeveloped with public amenities in order to brighten its appeal as...

    The beach covers more than 36,580 sqm and will feature a restaurant, cafes, a prayer room and a convenience store

    The beach will be temporarily closed from 4th July until its completion in the second quarter of 2023

  • Pilatus and Strata partner to make UAE’s first hot press parts

    The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile...

    The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile Jet interiors

    Strata has committed to a 70 percent Emiratisation rate for the project, and will be utilizing their next-gen Hot Press technology alongside a suite of Autoclave products

  • Tinder Swindler opens doors for justice, says Pernilla

    The star of the documentary drama, Pernilla Sjoholm, said that they have received support from the people. She said that...

    Actor says they have received a lot of support from people who have watched the docudrama

    She said that the documentary drama has helped opened doors for justice

  • Tokyo equities climb up on back of Wall Street gains

    Tokyo stocks opened higher on Monday as investors took heart from gains on Wall Street while staying cautious over the...

    The benchmark Nikkei 225 index was up 0.71 percent, or 184.45 points, at 26,120.07 in early trade, while the broader Topix index was up 0.97 percent, or 17.92 points, at 1,862.96

    Analysts said investors will be closely watching the outcome of this week's Federal Reserve meeting as well as speeches by senior officials from the US central bank