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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.

Israeli excavation may wipe out Jerusalem’s Mughrabi quarter

The only indication of the Western Wall plaza's North African heritage is a Moroccan flag, flying discreetly in a nearby...
  • The Moroccan quarter was demolished by Israeli forces after they captured east Jerusalem in the 1967 Six-Day War.
  • Some stone remains which were discovered during excavations, appeared to have been removed and the area was covered up once more.

Egyptians hope to bag bargains at Arab world’s largest book fair

Cairo, Egypt---Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest...
  • The 54th Cairo International Book Fair was overshadowed by a punishing economic crisis that has seen Egypt's currency halve in value and prices skyrocket in the past year.
  • To incentivize readers, Egypt's publishers' association has encouraged sellers to give the option of buying books in instalments through popular buy-now-pay-later services.

UAE creates a sustainable ecosystem to further enhance understanding of space, says astronaut

He was speaking at an event hosted by Mohammed Bin Rashid Space Centre, where the details of the second crewed...
  • The Mohammed Bin Rashid Space Centre has revealed details of the second crewed mission of the UAE Astronaut Programme to the International Space Station
  • Sultan AlNeyadi is the prime astronaut while Hazzaa AlMansoori is a backup crew of the mission scheduled for launch on February 26

KSA, UAE play well as e-gaming trends across GCC

The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to...
  • The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners
  • By 2025, the GCC will contribute roughly 1.5 percent of the income generated by the global gaming sector as the industry is anticipated to grow at a CAGR of 22.5 percent

Saudi Arabia wins seat on FIFA Council; Qatar gets a position too

Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the...
  • Qatar federation head Sheikh Hamad Al Thani, whose country hosts the Asian Cup next January, was elected to a FIFA position for the first time
  • Saudi soccer federation president Yasser Almisehal was among six Asian officials elected by AFC members to represent them on FIFA council through 2027

Joseph the Blind heals Turkey’s troubled city

The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...
  • The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.
  • The first store was destroyed in 1977, said the herbalist Suleyman Onur.

Revenue from Saudi cinema may exceed $1bn by 2030

The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...
  • The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out
  • Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

Justin Bieber sells music rights for $200 mn

Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...
  • Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million
  • The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021

Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of...
  • The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," said an official.
  • Inside the workshops, researchers found a collection of pots, tools and "bronze and copper Roman coins."

Camel beauty contest season gets underway in Abu Dhabi

Al Dhafra, UAE--The 16th Al Dhafra Festival has kicked off as part of the Emirate of Abu Dhabi’s camel beauty...
  • The festival aims to preserve and develop heritage activities, and enable camel owners to continue the tradition of breeding and caring for camels
  • The event will continue until February 2 at Madinat Zayed in Al Dhafra

Tunics & turbans: Afghan students don Taliban-imposed uniforms

Kabul, Afghanistan - Since the start of the school year in March, Afghan boys have been required to wear new...

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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...

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.

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...

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Law, politics hamper UK museum return of artifacts

LONDON, UK - British museums, like others across Europe, are under pressure to return artworks taken during the colonial era, including...
  • Politicians have little appetite to change the legal framework that is currently blocking full restitutions by national museums, campaigners say.
  • British laws dating from the 1960s and 1980s prevent national museums, such as the British Museum and the V&A, from making returning artifacts.

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...
  • The new game uses an AI chatbot to simulate the barrage of squirm-inducing questions young people can expect to face.
  • The annual inquisition as extended families gather for China's biggest festival is a cultural touchstone across the country.

Healthcare experts must keep up with tech innovations

She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...
  • Dr. Kalthoom AlBlooshi of EHS emphasizes the need for professionals to stay abreast of technological advancements in healthcare.
  • The 'Let's Talk Innovation' Symposium aims to engage the youth in shaping the future of the UAE healthcare sector, adds AlBlooshi.