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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.
  • Nakilat Q1 net profit up 19.28 percent

    Nakilat noted that earnings per share amounted to QR 0.07 in Q1 2022.

    Compared to its profit in April of 2021 which, stood at QR 320.106 million, the profit reached QR 381.835 million.

    Nakilat represents the main transport link in the global supply chain of liquified natural gas from the State of Qatar.

  • Star-studded projects point to Saudi transformation

    Some of the iconic real estate holdings developed by Taiba throughout Saudi Arabia suggest that the Kingdom is headed towards...

    The company is a key supporter of Saudi Arabia’s transformative Vision 2030, in particular in regard to economic diversification.

    Taiba, which has interests in hotels, tourism facilities and real estate, has a market capitalization of $1.5 billion, Refinitiv data shows.

  • Jordan and Azerbaijan look to boost trade ties

    According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period

    The meeting also discussed the successful economic policies established by the Kingdom to support the private sector

    It encourages foreign investment and provides more investment opportunities for companies wishing to invest in the Kingdom

  • SHL of KSA to be on bourse

    Saudi Home Loans to trade on Tadawul from April 20.

    Operating since 2007, SHL is 40-percent owned by Arab National Bank, the second-largest shareholder is Dar Al Arkan, with 15 percent of the share capital

    The Riyadh-based company raised SR600 million ($160 million) in an initial public offering last month that saw huge demand from investors

  • Tamimi Markets of KSA to develop smart farms with foreign firms

    Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the...

    The three partners aim to develop the next generation of vertical smart farms in the Al-Kharj area of Saudi Arabia

    Starting with Riyadh, the new joint venture will bring fresh produce to the market using far less water than traditional farming techniques

  • QEWC profit up 4.5% in Q1

    Profits in the first quarter of 2022 reached $106.78 million.

    QEWC is one of the largest energy production and desalination companies in MENA

    It is the main provider of electricity and desalinated water in Qatar

  • NBQ reports Q1 profit of $26.3m

    Its net profit increased 26.26% from the same period last year.

    The cost to income of NBQ stood at 27.11 percent during three months

    It reflected the bank's operational efficiencies and disciplined cost management

  • Greece’s Ionian Islands eye UAE to woo tourists

    Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually...

    The Ionian Islands and the United Arab Emirates are developing cultural and tourism ties

    The two have established direct flights from Abu Dhabi and Dubai on Etihad and Fly Dubai

  • Gulf Biotech Company becomes second drug producing firm in Bahrain

    The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.

    National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.

    The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.

  • Ajman Chamber membership grows by 35 percent in 2021

    The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad...

    The number of new members reached 7,704 during 2021, compared to 5,723 members during 2020.

    New commercial licenses for the previous year was 4,238 membership, 2534 professional membership and 131 industrial memberships.