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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.

Clean beauty sector grows, so are greenwashing risks

In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...

Company News

Latest News

CEOs of listed Saudi firms resign in unusual numbers

At least 26 CEOs have resigned from the listed companies of Saudi Arabia in just last six months as the...

WHO urges action to suppress Covid before deadlier variants emerge

The highly-transmissible variant, first detected in India, has now surfaced in 132 territories and is partly to blame for an...

Muammar Gaddafi’s son suggests he may run for president in Libya

He spoke in a rare interview, given to the New York Times at an opulent two-storey villa inside a gated...

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Foreign investors help DFM post $10.56m net profit in H1

The net profit of the Dubai Financial Market hit AED 15.3 million in the second quarter of 2021 compared to...

Saudi Arabia to reopen to vaccinated tourists from Aug 1

The move comes after a 17-month closure due to the coronavirus pandemic. However, Riyadh did not announce any lifting of...

Etisalat reports $1.2 billion net profit in H1 2021

Following the impressive performance, the UAE's leading telecommunications company said it will distribute interim dividends of 40 fils per share...