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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.

Mac computers could reach new glory due to AI

SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...
  • Macs became the preferred choice for Apple fans along with artists, film makers and other creative professionals.
  • Apple has been making inroads in business, getting help from iPhone lovers using their smartphones for work.

Tata Group retains IPL sponsorship rights for record $300m

New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...
  • Tata Group already holds the title sponsorship for the IPL and its sister competition, the Women's Premier League, which staged its first tournament last year
  • The IPL attracts cricket's top international stars with bumper salaries, and features 10 sides competing in the sport's hugely popular Twenty20 format

Coach Mancini warns Saudi against taking Kyrgyzstan lightly

Doha, Qatar - Roberto Mancini warned Saudi Arabia against falling victim to the kind of Asian Cup shock suffered by favorites...
  • Coach Mancini's team are ranked 56th in the world and are one of the contenders for the title while Kyrgyzstan are 98th
  • The 59-year-old Mancini, who led Italy to European glory in 2021, took over ambitious Saudi Arabia in August last year

Healthcare industry globally faces data hacking threat

DUBAI, UAE - In an age where data is a cornerstone of modern healthcare, the industry faces an escalating threat...
  • The IBM Cost of Data Breach Report reveals that in 2023 the average global cost of healthcare data breach reached $10.93 million.
  • In the Middle East, the cost implications of data breach reached $9.18 million in 2023, above the regional average across all sectors.

In Davos, AI excitement persists but fears over managing risks

A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...
  • Over the course of the week, more than 3,000 policy makers, business executives, academics and innovators discussed some of the world's most pressing issues at the annual meet.
  • The Forum announced it will hold a special meeting, hosted by Saudi Arabia, on “Global Cooperation, Growth and Energy for Development” on 28-29 Apr 2024 in Riyadh.

Complaint against Israeli President received: Swiss prosecutors

Israeli President Isaac Herzog has been targeted with a criminal complaint during a visit to Switzerland, Swiss prosecutors said, amid...
  • The Federal Prosecutor's Office said that it had received a criminal complaint against the Israeli president.
  • South Africa launched the emergency case at the ICJ, arguing that Israel had breached the 1948 UN Genocide Convention.

Strange calls may precede Israeli attacks in Lebanon

BEIRUT, LEBANON - "Good morning, madame. This is the bank calling. Are you at home?"  Since the Israel-Hamas war broke out...
  • Since the Israel-Hamas war broke out, residents of southern Lebanon have been receiving strange phone calls from Lebanese numbers.
  • Lebanese security officials and the Iran-backed Hizbollah group, a Hamas ally, believe the strange calls are in fact from Israelis.

WTO hopes to finalize fishing agreement

GENEVA, SWITZERLAND -  The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...
  • The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.
  • The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.

Shell halts Red Sea shipments over attack fears, say report

WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
  • The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.
  • The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."

Emirates to recruit 5,000 crew members in 2024

DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s.The airline is...
  • The airline is inviting fresh graduates with internships or part-time jobs on their résumés.
  • It is inviting individuals keen to embark on an exciting career travelling the globe. .

Diplomats say at least 550 pilgrims died during hajj, mostly Egyptians

"All of them (the Egyptians) died because of heat" except for one who sustained fatal injuries during a minor crowd...

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Google’s new AI for corner kick tactics gets Liverpool approval

PARIS, FRANCE – Liverpool football analysts have given their seal of approval to a new artificial intelligence tool from Google that...

Masdar to buy stake in Terra-Gen

Masdar to buy 50 percent stake in Terra-Gen from ECP.

UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...

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Attack on Gaza’s Rafah inevitable, says Israeli PM

Israeli Prime Minister Benjamin Netanyahu vowed to send ground forces into Gaza's southern Rafah city. The right-wing premier, whose security...
  • Israel has repeatedly threatened to launch a ground offensive against Hamas in Rafah.
  • US has said it cannot support a Rafah operation without a "credible, achievable, executable plan" to shelter civilians.

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...
  • Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.
  • Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.

Saudi Arabia takes part in global mineral and mining meet in Canada

RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...
  • The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.
  • These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.