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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.

UAE, US review countermeasures to deal with financial crimes

A delegation of UAE banks meets a US Treasury official to discuss issues related to financial crime compliance in combating...

World hunger surges to 15-year high as COVID-19 stifles food access

As many as 811 million people – about a 10th of the global population – were undernourished in 2020, a...

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

UAE to launch digital currency within five years

The United Arab Emirates will launch its first digital currency by 2026, the central bank of the country said on...

Oman ruler visits Saudi Arabia in his first official overseas trip

Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming...

Middle East asset management industry grows 11% to $1.2trn

The size of the Middle East’s asset management industry grew 11 per cent from 1.1 trillion of Assets Under Management...

Saudi lawsuits threaten to expose US govt secrets

Legal battle between MBS and Aljabri takes a new twist Washington is likely to consider a rare judicial intervention Two...

Syria govt raises bread, diesel prices as crisis deepens

The price of diesel fuel nearly triples and the price of bread doubles The move brings more pain for civilians...

G20 ministers endorse global deal to tax multinationals

A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries...

Fuelling troubles: Row puts Gulf powers on diverging paths

A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who...

Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...

Company News

Latest News

Abu Dhabi cuts procedures to start business by 71 percent

Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...

UAE children aged 3-17 to receive Chinese Sinopharm vaccine

The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children...

Jordanian flight, with 133 passengers on board, ‘forced’ to make landing

The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...

Most Read

RAK Properties net profit rises 348% to AED120m in H1

Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...

Saudi economy likely to grow nearly five percent this year

Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...

UAE among world’s fastest countries in deploying 5G

The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...