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Analysis

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

UAE set to lead GCC’s e-commerce markets next year

“E-commerce sales via marketplaces will continue to grow in double-digit percentages in 2023, driven by a higher proportion of cross-border...
  • From 2020 to 2022, there was an expected additional six percent annual market growth in ecommerce due to Covid-19, a latest report by Statista points out
  • E-commerce in the MENA region is fast catching up with global powerhouses such as China, with many online retailers scaling up their services to avoid Covid-induced disruptions

US Jews battle new ‘mainstreamed’ anti-Semitism

One day after hip-hop and fashion mogul Kanye West voiced a "love" for Nazis and 10 days after ex-president Donald...
  • Experts said the most recent controversies underscore a difficult new-generation fight against bigoted memes and conspiracy theories about Jews
  • Some of the new anti-Semitism has been propelled through Trump's MAGA movement and the parallel QAnon conspiracy community

Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings

The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
  • The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally
  • He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally

It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
  • Beside successfully addressing COVID-19, the Gulf country created a distinguished development model covering all political, economic, social, scientific and cultural areas in 2022
  • The UAE, through its ambitious national initiatives and projects, ncreases its international competitiveness and continues the development of its legislative structure this year

UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs

The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...
  • By 2050, hydrogen is estimated to deliver more than $8.7bn annually to the UAE economy and $14.8bn GVA to the UK, says the latest WGEO report
  • A UAE-UK collaboration -- involving policy, innovation, trade, and investment - has potential to create over 100,000 new jobs in each country, it adds

As Ukraine war grinds on, Saudi influence grows

Saudi Arabia's unexpected role in brokering the release of foreign fighters detained in Ukraine was just the latest example of...
  • The release of the 10 foreign fighters, including two from the United States and five from Britain, came alongside a broader prisoner-of-war swap, brokered by Turkey
  • Expressions of gratitude for Saudi Arabia immediately poured in from Washington, London and beyond, with officials highlighting the personal involvement of Crown Prince

Death toll mounts in Iran protests as online services cut

Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...
  • Protesters have been heard shouting "death to the dictator" and "woman, life, freedom" in video footage shared widely online
  • The US Treasury placed the morality police on its sanctions blacklist, holding it responsible for Amini's death

Uncertainty rules even as MENA crypto market grows

Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA...
  • Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS
  • As cryptos are revolutionizing the financial industry, many institutions drafting regulations are trying to make the currency fit into the existing financial regulations

Gulf construction market builds on KSA-UAE rivalry

As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...
  • As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and Riyadh to attract investments will intensify further
  • Over the last seven years, $1.1 trillion worth of real estate projects have been announced in Saudi Arabia, says a recent research by Knight Frank

US Fed Reserve may remain hawkish in coming months

Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening. The US consumer...
  • The US Federal Reserve will lean "hawkish," raising rates by 75 bps in September and 50 bps both in November and December, before a final 25 bps hike in early 2023
  • Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening, Qatar National Bank says in its weekly report

Saudi pioneering solutions for water scarcity

The kingdom is forging partnerships with major corporations to revolutionize water technologies and achieve water self-sufficiency.

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UAE ranks first in Arab world, 11th globally in Global Knowledge Index

Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...

G20 ministers set to green light global tax reform

Finance ministers from the G20 richest nations are expected to give the green light Saturday to a historic deal to...

Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings

The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...

It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...

UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs

The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...

Most Read

Death toll mounts in Iran protests as online services cut

Amini, 22, died last week after her arrest by the Islamic republic's feared morality police for allegedly wearing a hijab...
  • Protesters have been heard shouting "death to the dictator" and "woman, life, freedom" in video footage shared widely online
  • The US Treasury placed the morality police on its sanctions blacklist, holding it responsible for Amini's death

Uncertainty rules even as MENA crypto market grows

Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA...
  • Crypto investors fear a possible global recession, especially amidst weak economic activity data, Wael Makarem, Senior Market Strategist - MENA at Exness, tell TRENDS
  • As cryptos are revolutionizing the financial industry, many institutions drafting regulations are trying to make the currency fit into the existing financial regulations

Gulf construction market builds on KSA-UAE rivalry

As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...
  • As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and Riyadh to attract investments will intensify further
  • Over the last seven years, $1.1 trillion worth of real estate projects have been announced in Saudi Arabia, says a recent research by Knight Frank