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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.

Music beats the blues in Tunisian youth project

Local children and teenagers come together in the afternoon to compose and rehearse music for a creative break from their...
  • The after-school music club project is called Tunisia 88 - a reference to the number of keys on a piano - and aims to get youngsters to develop their creative and leadership skills
  • It has engaged 5,000 to 10,000 youths a year across Tunisia's almost 600 schools since it was founded in 2017 by US pianist Kimball Gallagher and Tunisian Radhi Meddeb

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,...
  • The strategic fund is an outcome of an agreement involving the Cultural Development Fund, MEFIC Capital, and Roaa Media Ventures
  • The Saudi film production market has experienced impressive growth, boasting an annual growth rate exceeding 25%

‘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...
  • The movie earned seven awards in total, including best film, best director for Nolan, best actor for Cillian Murphy and best supporting actor for Robert Downey Jr
  • In the film, Murphy plays J. Robert Oppenheimer, the US theoretical physicist often called the "father of the atomic bomb" who was haunted by the consequences of his creation

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...
  • Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.
  • Addressing investment risks and finding sustainable funding methods for forest protection become significant challenge amid ongoing regional conflicts, de Merode adds.

Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
  • Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.
  • Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

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.

US teens make efforts for Jewish-Muslim dialogue in New Jersey suburb

TEANECK, US - They are only teenagers, but a pair of New Jersey high school students -- one Jewish and one...
  • The unexpected success of that first meeting led to a second, larger one, and the girls since have enjoyed support.
  • Despite the strong turnout, the girls were not overly optimistic about the outcome of the meeting.

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.

Digging for box office gold, ‘A Minecraft Movie’ hits cinemas

Paris, France -- With an A-list cast and a big budget, "A Minecraft Movie" releasing this week is hoping to...

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Saudi Arabia inaugurates its second “House of Culture”

As part of the “Quality of Life” program, these houses aim to upgrade cultural infrastructure and boost Saudi engagement in...

Palestinian prisoner in Israel wins top fiction prize

Abu Dhabi, United Arab Emirates - Palestinian writer Basim Khandaqji, jailed 20 years ago in Israel, won a prestigious prize for...

Saudi Film “Norah”, backed by Red Sea Fund, secures official selection at Cannes

Directed by Tawfik Alzaidi, this Saudi film earned its place in the 'Un Certain Regard' section of the prestigious festival,...

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Emiratis battle to preserve dying art of embroidery

The art of hand-weaving braided shiny ribbons to adorn traditional clothing and bags is called Al Talli, and is on...
  • Accounting student Ketbi believes that young women these days "are not very interested" in learning craft techniques like Al Talli from long ago
  • Official of the Department of Culture and Tourism in Abu Dhabi said authorities hope to support Al Talli by licensing certified experts to expand production and teaching

Restoration project for Jeddah district’s old buildings completed

JEDDAH, SAUDI ARABIA – The Ministry of Culture, represented by the Jeddah Historic District Program, has announced the completion of...
  • The project comes within the context of the Crown Prince's keenness to preserve and rehabilitate historical sites.
  • The project aimed to highlight the heritage landmarks that Jeddah District is abundant in as a site containing over 600 heritage buildings.

Jill Biden writes children’s book about ‘First Feline’ Willow

Washington, United States - The Bidens' dogs grabbed headlines with their bad behavior, but "First Feline" Willow is getting a book...
  • First Lady Jill Biden has written a children's story about the short-haired tabby's journey from a farm in Pennsylvania to the White House in 2022
  • "Willow the White House Cat" will come out four months before President Joe Biden faces a bitter political catfight for reelection with Donald Trump