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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.

  • Petrobras names new CEO

    Jose Mauro Coelho was appointed to the post for a one-year term.

    Jose Mauro Coelho is the third Petrobras CEO in just over a year after President Jair Bolsonaro fired his predecessors in a standoff over fuel prices

    He was the government's choice to succeed Joaquim Silva e Luna, who was ousted by Bolsonaro last month after slightly more than a year in the post

  • Dubai records realty transactions worth $463m on Thursday

    The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.

    The transactions included 331 sales worth AED1.24 billion ($337.64 million), the DLD data showed

    They are also said to have included 77 mortgage deals worth AED390.84 million ($106.42 million)

  • Abu Dhabi to host World Utilities Congress in May

    Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics...

    The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan

    The digitalization of the utilities sector will be delved deeper into at the conclave, with a dedicated strategic panel on Digital Transformation and Technological Innovations

  • Ecuador starts oil mining in protected area of Amazon rainforest

    Current President Guillermo Lasso has plans to double Ecuador's oil production in spite of opposition from indigenous communities and environmentalists.

    Extraction of 3,600 barrels per day started in the Ishpingo oil field, one of the three oil fields containing more than 40 percent of country's crude.

    The three fields together hold over 1 billion of former OPEC member Ecuador's 4 billion barrels of proven oil reserves.

  • Volkswagen posts Q1 profit

    The German auto giant said operating profit rose to $9.3bn.

    The group's operating profit rose to 8.5 billion euros ($9.3 billion) over the first three months of the year

    The boost was down to strong "operating performance" and a positive effect of 3.5 billion euros

  • Ajman Free Zone becomes Amazon Web Services Activate Provider

    Ajman Free Zone (AFZ) announced today that it has become an AWS Activate Provider. Startups affiliated with the AFZ, which...

    The AWS Startup Activate program offers grants up to $25,000 to qualified startups, as well as offers of exclusive credits, discounts, and software service access.

    Qualified startups can obtain credits and partner funding, along with a business support plan credits of up to $5,000, through the AWS Startup Migrate program.

  • Elon Musk offers to buy 100 percent of Twitter stock, take it private

    Tesla chief offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated April...

    Musk's latest move towards Twitter comes just days after he turned down a seat on the board following his acquisition of a 9.2 percent stake in the microblogging platform.

    Musk, Twitter's biggest shareholder, said his "offer is my best and final offer" and he would reconsider his position as a shareholder if it was rejected.

  • Sandooq Al Watan to fund Lune with $68,000 for its innovator program

    Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming...

    Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations.

    Lune Platform features an intuitive and easy-to-use control dashboard, designed to give users a comprehensive view of their customers’ financial accounts.

  • Economic freedom, effective governance key to attract FDI: AMF

    The study calls for the stability of the business environment by reforming relevant laws.

    The study calls for the stability of the business environment by reforming relevant laws

    The regulatory quality index outperforms all other factors in attracting investment

  • Amazon fined $98k/day in France

    France says Amazon’s seller contracts have ‘unbalanced’ clauses.

    French authorities on Wednesday slapped a €90,000-per-day ($98,000) fine on Amazon

    It would continue until Amazon removes abusive clauses in its contracts with businesses