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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.

Resilient supply chains are essential to global trade: Expert

DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...
  • The COVID-19 pandemic highlighted the critical role of resilient supply chains in sustaining economies worldwide to the forefront.
  • Wars, armed conflicts, overall increasing geopolitical tensions, and protectionism create serious headwinds for global trade.

Utilizing AI is only possible if skill gap is bridged, says expert

DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
  • As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
  • Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

India’s solar mission Aditya-L1 enters Sun’s orbit

New Delhi, India - India's solar observation mission on Saturday entered the Sun's orbit after a four-month journey, the latest success...
  • The Aditya-L1 mission was launched in September and is carrying an array of instruments to measure and observe the Sun's outermost layers.
  • The latest mission by the Indian Space Research Organization is the first by any Asian nation to be placed in orbit around the Sun.

Google Chrome begins restricting cookies in first step towards elimination

Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
  • Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
  • Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.

FAO says global food prices fell 13.7 percent in 2023

World food prices fell in 2023, with considerable declines for grains and oils as supply concerns eased, the UN's Food...
  • Overall, world food commodity prices fell 13.7 percent in 2023 compared to the previous year, Rome-based FAO said.
  • The vegetable oil price index posted the biggest fall last year, dropping 32.7 percent, thanks to improved supplies and reduced use for biofuel production.

Foreign governments paid Trump firms millions as president, claims US report

NEW YORK, US - Former US president Donald Trump's businesses received at least $7.8 million from foreign governments including China during...
  • The authors of the report said that revenues from overseas governments violated a constitutional ban on "foreign emoluments."
  • The report alleged that Beijing as well as businesses including ICBC bank and Hainan Airlines spent $5.5 million at Trump-owned properties.

UAE participates in UN Peacekeeping Ministerial Meeting in Ghana

ACCRA, GHANA - A United Arab Emirates delegation led by Dr. Rashed Ali Al Kaabi, Assistant Minister of Foreign Affairs...
  • The ministerial meeting was the first in Africa with previous sessions taking place in the US, the UK, Canada and the Republic of Korea.
  • The UAE delegation head held several meetings with the heads of attending delegations, including France, the UK, Bangladesh and others.

Iranian warship enters Red Sea, reports media

TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported...
  • The news agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated in the area since 2009.
  • According to the International Chamber of Shipping, 12 percent of global trade passes through the Red Sea

UNSC committee adopts guiding principles on use of UAS for terrorist purposes

NEW YORK, US – The Counter-Terrorism Committee (CTC) of the UN Security Council adopted the "Abu Dhabi Guiding Principles" and...
  • The document is the first of its kind at the United Nations to address the increasing challenges posed by UAS in the context of counter-terrorism.
  • As the current chair of the Counter-Terrorism Committee, the UAE facilitated this crucial initiative, reflecting its commitment to global peace and security.

Pulitzer Prizes honor coverage of war in Gaza

New York, United States - The war in Gaza featured prominently in Monday's Pulitzer Prizes, which included a special citation for...

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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...

G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...

Leader of US Senate calls for election in Israel

The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...

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Situation in Red Sea has a limited impact on food exports so far, says FAO

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...
  • The decline in the Food Price Index in February 2024 was led by a decrease in the price for cereals and vegetable oils.
  • The route via the Red Sea accounts for slightly more than 10 percent of the global maritime trade volume.

Trump said he won’t ‘give a penny’ to Ukraine, claims Hungary Prime Minister

BUDAPEST, HUNGARY – Hungary's Prime Minister Viktor Orban has asserted that former US president Donald Trump told him during a meeting...
  • Orban is the only EU leader to have maintained ties with the Kremlin since Russia invaded Ukraine.
  • He also angered fellow EU leaders by meeting Russian President Vladimir Putin in September

Four space station crew members leave for Earth

WASHINGTON, US – Four astronauts left the International Space Station on Monday and were bound for Earth following a more than...
  • Led by American astronaut Jasmin Moghbeli, NASA's Crew-7 arrived at the research platform last August.
  • NASA and SpaceX are targeting as soon as 5:35 am Tuesday (0935 GMT) for a splashdown off the Florida coast.