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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.

Sheikha Bodour to chair revamped board at American University of Sharjah

SHARJAH -- Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has outlines the restructuring...
  • The Board of Trustees of the American University of Sharjah has been restructured
  • New board members to begin their term in October. Membership term set for three years

Japan’s second-oldest museum forced to crowdfund to pay bills

The museum in central Tokyo, which features a model of a blue whale outside, has previously turned to crowdfunding for...
  • The head of the 146-year-old museum, Kenichi Shinoda, said in a video announcing the crowdfunding on Monday that they wanted to save the museum's collections.
  • More than 30,000 people have donated a total of 480 million yen to the National Museum of Nature and Science in Tokyo, easily surpassing the 100-million-yen target.

UAE focuses on developing a national astronaut team

"Astronaut Sultan Al Neyadi is currently on the longest space mission in Arab history ... This mission has elevated the...
  • As Emirati Sultan Al Neyadi completes Arab's longest space mission and first ISS spacewalk, UAE's Astronaut Program now boasts four qualified astronauts
  • MBRSC plans a mid-2024 launch for the advanced MBZ-SAT as UAE strengthens space ties with Bahrain, Kuwait, and seeks collaborations with Egypt and Saudi Arabia

Kuwait bars film from screening for showing trans actor

The film titled 'Talk to Me' features Australian actor Zoe Terakes. (AFP)
  • The film titled 'Talk to Me', which is currently in theatres in the United Arab Emirates and Saudi Arabia, features transgender Australian actor Zoe Terakes.
  • Gulf Arab states, including Kuwait, the UAE and Saudi Arabia -- all of which outlaw homosexuality -- routinely censor films that contain LGBTQ references.

Gaza open-air cinema a breath of fresh air for Palestinians

Cinemas were forced to close in the late 1980s during the first Palestinian uprising, or intifada. They reopened following the...
  • The first film screenings in Gaza date to the 1940s, with the opening of the Samer Cinema, whose building now houses a car dealership.
  • Cinemas were forced to close in the late 1980s during the first Palestinian uprising, or intifada.

Teachers play key role in shaping future generations

“The real development of the education sector requires attracting the expertise of Emirati educators. Without empowering them to perform effectively,...
  • Sheikh Abdullah bin Zayed, the UAE’s Minister of Foreign Affairs and Chairman of the EHRC, underscores the pivotal role of teachers in shaping the future
  • The UAE minister emphasizes that teachers are not just imparting academic knowledge but are also instrumental in the formation of balanced personalities

French footballer Maximin to play for Al-Ahli after three-year deal

Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club...
  • Saint-Maximin, 26, made 124 appearances for Saudi-backed Newcastle and scored 13 goals since joining from Nice in 2019.
  • The financial terms of the deal were not revealed but English press reports have estimated it to be in the region of $38.5 million.

Saudi club Al-Ahli signs Manchester City player Riyad Mahrez

London, United Kingdom - Manchester City forward Riyad Mahrez has left the treble winners to join Saudi side Al-Ahli, the two...
  • The 32-year-old Algerian winger joined Pep Guardiola's team in 2018 from Leicester, winning 11 major trophies at the club.
  • City agreed a fee understood to be worth up to £30 million ($38.6 million) with Al-Ahli last week.

PSG allows Al Hilal to contact Mbappe over $333 million deal

Osaka, Japan - Paris Saint-Germain have given Saudi club Al Hilal permission to speak to Kylian Mbappe after tabling a world...
  • The Riyadh-based club has made a formal offer by letter, a source told AFP, but such a transfer could only be made with the agreement of Mbappe.
  • Mbappe has one year left on his contract with PSG, who want him to leave now rather than for nothing next summer.

Arabian Nights in Malaysia: Middle Eastern cuisine and adventure await Arab tourists

Malaysia's Bukit Bintang district offers a delightful fusion of Middle Eastern cuisine and bustling tourist attractions to charm Arab travelers.
  • Authentic Arab food, especially the Levantine variety, in Bukit Bintang is as easily available as in Doha or Kuwait
  • Presence of Yemeni-themed restaurants not only enhances the cuisine scene but pays homage to Malaysia's historical connections with Yemen

Five charged over ketamine death of ‘Friends’ star Matthew Perry

Los Angeles, United States - Five people who allegedly supplied ketamine to "Friends" star Matthew Perry in a bid to exploit...

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Saudi film industry gets boost with $100m investment fund

Riyadh, Saudi Arabia -The Middle East Financial Investment Company (MEFIC Capital) has unveiled the establishment of the Saudi Film Fund,...

‘Oppenheimer’ dominates BAFTAs in major Oscars boost

London, United Kingdom - "Oppenheimer", Christopher Nolan's epic movie about the creation of the atomic bomb, swept the board at Sunday's...

WEF24: Virunga battles deforestation, habitat loss

Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de...

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Riyadh to host Saudi’s first snooker event in 2024

London, UK - Saudi Arabia will stage its first ranking snooker event in 2024, with a prize pool of more than...
  • The inaugural Saudi Arabia Snooker Masters will trail only the World Championship in terms of prize money
  • A 10-year deal has been agreed for the event, which will take place from August 31 to September 7 in Riyadh

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.
  • The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion
  • Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

Archaeological sites discovered in Southern Saudi Arabia

ABHA, SAUDI ARABIA  - The Heritage Commission announced its most prominent discovery in Jurash, Asir region, as one of the...
  • These were the result of strenuous excavations that took place in 2023.
  • Residential units whose walls were built with stones and clay were revealed.