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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.

Egypt, Jordan, Hamas, PLO hail Trump remarks on not ‘expelling’ Palestinians from Gaza

It was not immediately clear whether Trump's comments signalled further backtracking from his widely criticised proposal to take over the...
  • Arab states have already offered a plan to rebuild the Gaza Strip under the future administration of the Palestinian Authority
  • Arab foreign ministers met in Qatar on Wednesday with US Middle East envoy Steve Witkoff to discuss reconstruction for Gaza

How do GCC-Arab leaders look at the region’s future?

The bigger your vision, the bigger your achievement will be. Will you stumble on the way? Perhaps, but we cannot...
  • Together we will continue building a better country, fulfilling our dream of prosperity, says Saudi Crown Prince Mohammed bin Salman.
  • It is vital that the next generation looks for careers in the industries of the future, so is developing the capabilities and opportunities of our youth, says Sarah Al-Amiri

Arab ministers, US envoy discuss Gaza reconstruction amid ongoing ceasefire talks in Qatar

The plan by Muslim-majority nations has been rejected by both Israel and its key ally the United States, but has...
  • The 57-member Organization of Islamic Cooperation (OIC) formally adopted a plan put forward by the Arab League at an emergency meeting in Saudi Arabia
  • The Egyptian-spearheaded plan emerged as a proposal to rebuild the Gaza Strip under the future administration of the Palestinian Authority

US trading partners hit back on steel, aluminum tariffs

The steep 25-percent levies came into place after midnight with no exemptions despite countries' efforts to avert them, in a...
  • Canada, which is heavily exposed to the US steel and aluminum levies, announced additional tariffs of CAN$29.8 billion ($20.7 billion) on US goods, coming into force Thursday.
  • Uncertainty over Trump's trade plans and worries that they could tip the world's biggest economy into a recession have roiled financial markets.

Hamas confirms Gaza truce talks in Doha as Yemen’s Huthis threaten Israeli shipping over aid block

The initial phase of the truce brokered by Qatar, Egypt and the United States began on January 19, and helped...
  • The first 42-day phase of the truce deal expired in early March without agreement on subsequent stages meant to secure a lasting end to the war
  • There are differing views on how to proceed, with Hamas seeking immediate negotiations for the next phase, while Israel wants to extend the first phase

Syrian presidency announces agreement to integrate Kurdish institutions

The Syrian presidency announced on Monday an agreement with the head of the Kurdish-dominated Syrian Democratic Forces (SDF) to integrate...
  • Syria's new authorities under interim President Ahmed al-Sharaa have sought to disband armed groups and establish government control over the entirety of the country
  • The new accord, which is expected to be implemented by the end of the year, comes after days of violence in the heartland of Syria's Alawite minority

Jeddah Talks: Ukraine accepts US proposal of 30-day ceasefire with Russia

The positive response from Ukraine prompted President Donald Trump's administration to lift a freeze on military aid and to predict...
  • We'll take this offer now to the Russians and we hope they'll say yes to peace. The ball is now in their court: Marco Rubio
  • "I want to thank President Trump for the constructive conversation between our teams," says Zelensky

Hamas sees ‘positive’ signs for ceasefire talks as Israel cuts Gaza electricity, blocks aid flow

In a statement, Netanyahu's office said that Israel had accepted an invitation from US-backed mediators and would "send a delegation...
  • Israeli Prime Minister Benjamin Netanyahu's office said Israel would send a delegation to Doha on Monday for truce talks
  • Israel has said it wants to extend the first phase until mid-April, Hamas has insisted on a transition to the second phase

Hamas pushes for phase two of Gaza truce talks

Hamas said its representatives met with mediators in Cairo at the weekend, emphasizing the need for humanitarian aid to re-enter...
  • The high-level delegation also stressed the need for "moving directly to begin negotiations for the second phase" of the deal, which will lay the groundwork for a ceasefire.
  • Hamas's demands for the second phase include a full Israeli withdrawal from Gaza, an end to the blockade, the reconstruction of the territory and financial support.

Muslim nations meet in Jeddah to unite against Trump’s controversial Gaza takeover proposal.

Trump's plan has already united Arab countries in opposition, with Saudi Arabia also hosting Arab leaders two weeks ago to...
  • At Tuesday's summit in Cairo, Arab leaders backed the proposal to rebuild the Gaza Strip under the future administration of the Palestinian Authority
  • However, the plan, which does not outline a role for Hamas, which controls Gaza, was rejected by both the United States and Israel

Qatar renews $60 mn grant for Lebanon army salaries

Qatar is to renew a $60 million grant to pay the salaries of Lebanon's army and provide 162 military vehicles,...

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Turkey opposition to fight Erdogan ‘until the end’: leader tells AFP

The Turkish opposition will fight "until the end" against President Recep Tayyip Erdogan, the leader of the opposition CHP party...

US reiterates support for Morocco on Western Sahara

Secretary of State Marco Rubio on Tuesday renewed US support for Morocco's sovereignty and political plan for Western Sahara, a...

Israel seizes Gaza territory as Macron signals imminent French recognition of Palestinian statehood

French President Emmanuel Macron meanwhile said that France plans to recognise a Palestinian state in the "coming months", a move...

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Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
  • The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms.
  • Despite sitting on large reserves of petrol and natural gas, decades of conflict and instability have ravaged Iraq's energy infrastructure.

Hamas official says ‘necessary to reach a ceasefire’ in Gaza

A Hamas official told AFP on Tuesday that it was "necessary to reach a ceasefire" in the Gaza Strip, three...
  • "This war cannot continue indefinitely, and it is therefore necessary to reach a ceasefire," Hossam Badran, a member of Hamas's political bureau, told AFP
  • US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu a day earlier said that new negotiations were in the works aimed at getting more hostages freed

Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill

Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...
  • Foreign Minister Abbas Araghchi said Iran's principal aim remained the lifting of sweeping US sanctions
  • Their reimposition by President Donald Trump in 2018 has dealt a heavy blow to the Iranian economy