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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’s non-oil economy picks up in July, strongest in two years

Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...

IMF officially approves increased lending capacity

The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23

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...

Israel’s govt approves state budget after three-year impasse

A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...

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...

Turkey battles forest fires for fourth day

The wildfires broke out on Wednesday across southern provinces, injuring more than 300

Iran vows to respond if Iraq fails to disarm Kurdish rebels

Tehran, Iran - Iran on Monday warned Iraq that it would take action if Baghdad does not honor its commitment by...

Company News

Latest News

REVEALED: Billions of dollars missing from BDL

About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...

Iran intensifies cyber espionage in Middle East

Cyberattacks by Iranian spies have become more sophisticated and have intensified against Arab countries, say industry experts.

UAE prosecutors launch probe into Union Properties

The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the...

Most Read

Have Pandora papers jeopardized Lebanon aid?

The country is already reeling under the impact of its worst-ever economic crisis, shutting down of power stations due to...
  • Offshore companies are legal and were established to reduce the tax burden on some companies that require foreign branches.
  • Lebanon was first in terms of registering individual companies in tax havens, with nearly 3 million papers leaked.

Dubai Police carries out region’s largest drug bust

The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street...
  • The police operation, codenamed Scorpion, led to the seizure of 500 kg cocaine
  • The cops said this was the region's largest drug seizure, and also resulted in an arrest

UAE to punish extortion demands on web with prison sentence of up to two years

Anyone guilty of making a threat to another person on the web will get a prison sentence of up to...
  • "The penalty shall be imprisonment for a duration of not more than ten years if the threat is a threat to commit a crime
  • The Public Prosecution, through a tweet published today on its social media account, clarified the penalty for the crime of electronic extortion