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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

DP World makes offer to buy all outstanding shares of Imperial Logistics

DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based...

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UAE most vaccinated nation, overtakes Seychelles

72.1 percent of the population fully vaccinated   UAE has approved emergency registration of Moderna's vaccine to combat variants By inoculating...

Saudi Arabia to create 40,000 jobs for its nationals

Job creation is part of Saudi strategy to help residents obtain high-quality jobs The strategy seeks to push more Saudi...

World’s first Warner Bros. themed hotel nearly complete

The $112m hotel set to open this year in Yas Island It will be operated and managed by Hilton under...

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Maersk to build petrochemicals hub at King Abdullah Port

The port aims to provide logistics services for petrochemical exporters Maersk is investing in 100,000 sq m of warehousing space...

WPP teams up with Tihama to form a Saudi media joint venture

WPP and Tihama join hands to form a new Saudi media joint venture WPP will have 70 percent stake in...

UAE, Austria sign deal to spare tax payers of double taxation

  The agreement was previously signed between the two countries in September 2003 Both parties aim to avoid double taxation...