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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.

Lebanon bars Bahrain opposition from holding Beirut events

On Thursday, Lebanese Interior Minister Bassam Mawlawi said he was banning ‘two events’ organized by Bahraini opposition figures.
  • The decision comes weeks after Lebanon ordered the expulsion of members of Bahrain's leading opposition party, Al-Wefaq
  • The party had held a news conference in Beirut that had irked authorities in the Gulf kingdom, where it is banned

Libya parliament names second PM to rival existing one

Libya faced the challenge of two prime ministers on Thursday after parliament named a rival to the existing unity government's...
  • The House of Representatives, based in Libya's east, ‘unanimously approved’ former interior minister Fathi Bashagha ‘to head the government’
  • On Thursday evening Bashagha flew to Tripoli from the eastern city of Tobruk, promising ‘to open a new chapter’ and ‘reach out to everyone’

Israel PM vows action as police Pegasus spying scandal widens

The latest bombshell from business daily Calcalist alleged that Pegasus was used against a son of former premier Benjamin Netanyahu...
  • Calcalist had previously reported that the controversial malware was used by police against leaders of an anti-Netanyahu protest movement.
  • Pegasus is at the center of a months-long international scandal following revelations that it was used by governments worldwide to spy on activists, politicians, journalists.

Italy re-elects Mattarella as president, averts political chaos

Mattarella has already served a tumultuous seven-year term, during which he has sought to be a unifying figure through five...
  • Italy's political parties Saturday voted overwhelmingly for outgoing President Sergio Mattarella to remain for another term
  • The former constitutional court judge had repeatedly ruled out serving for a second term but gave in as the parties failed to find another candidate

Erdogan vows punishment over alleged insult by journalist

"This offence will not go unpunished," Erdogan said in an interview aired on private television channel NTV.
  • "This offence will not go unpunished," Erdogan said in an interview aired on private television channel NTV
  • Police detained Sedef Kabas at her home at 2:00 am on Saturday, just hours after she aired the comments and then posted them on Twitter to her 900,000 followers

Iraq’s top court confirms re-election of parliament speaker

Iraq's top court on Tuesday confirmed the re-election of Mohammed al-Halbussi as parliament speaker, following appeals against its conduct, paving...
  • Two lawmakers had appealed Halbussi's re-election as speaker, a position historically reserved for Iraq's Sunni Arab minority
  • The ruling will allow the resumption of parliament sessions, and along with them deliberations over the selection of a new president

Israel probes alleged police cyber-spying on citizens

Pegasus, a surveillance product made by the Israeli firm NSO that can turn a mobile phone into a pocket spying...
  • In a letter sent to police commander Koby Shabtai, Attorney-General Avichai Mandelblit asked to receive all wiretapping and computer spying orders from 2020 and 2021
  • The Israeli business daily Calcalist reported Thursday that Israeli police used Pegasus software to spy on an Israeli they considered a potential threat

Libya’s parliament speaker calls for new government

A presidential election was due to take place on December 24, followed by legislative polls, but the UN-sponsored electoral process...
  • Speaker Aguila Saleh said during a parliamentary session, in the eastern port city of Tobruk, that a new government must be formed
  • The call comes as the UN urged Libya's political factions and parties to hold safe, inclusive, and credible polls as soon as possible

Reports saying Lebanon president ordered bank raids baseless: Press Office

The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...
  • The President's Press Office said this news is fabricated and baseless.
  • The Press Office also denied reports about a meeting held at Baabda Palace.

Turkey president eyes youth support ahead of 2023 election

Analysts think politically diverse Gen Z voters hold one of the keys to Erdogan's tricky path to presidential re-election.
  • Unlike the youth of 2002, today's teens appear more tempted to blame his government for their woes
  • These include runaway inflation, a battered currency, and an economy where more than 40 percent earn the minimum wage

Fatah rejects Hamas criticism of new prime minister’s appointment

Ramallah, Palestinian Territories - Palestinian president Mahmud Abbas's Fatah party hit back at criticism by Hamas and other factions over his...

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Egyptian President Sisi pardons jailed activist Ahmed Douma

Egyptian activist Ahmed Douma, a leading figure of the country's 2011 uprising who has spent the last decade behind bars,...

Saudi Crown Prince and Iran foreign minister discuss bilateral relations

Iran's foreign minister met Saudi Arabia's Crown Prince Mohammed bin Salman during his first visit since the Middle East rivals...

Another Trump indictment looms as grand jury hears election case

Atlanta, United States - Prosecutors investigating Donald Trump's efforts to overturn the 2020 election in the US state of Georgia were...

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Migrants suffer between life and death in Tunisia-Libya desert

In the midday heat, a Libyan patrol near the border with Tunisia comes across a black African man collapsed on...
  • By the time they reach Libya, the migrants from sub-Saharan Africa are ready to drop from exhaustion, in temperatures above 40 degrees Celsius.
  • Libyan border guards said that, over the past two weeks, they have rescued hundreds of migrants who said they were left by Tunisian authorities.

Quran set alight at protest outside Sweden parliament

Two men set the Quran alight outside parliament in Stockholm at a protest similar to previous ones that have sparked...
  • Sweden has already seen its diplomatic relations with several Middle Eastern nations strained over previous protests involving Quran desecrations.
  • Swedish police have previously stressed they only grant permits for people to hold public gatherings and not for the activities conducted during the events.

Morocco king appeals for normalcy in ties with Algeria

RABAT, MOROCCO -  Morocco's King Mohammed VI has expressed hope for a return to normality and reopening of borders with North...
  • The borders have been closed since 1994, leaving families divided after Morocco accused its neighbor of involvement in an attack.
  • Since then, tensions have persisted between the regional rivals, exacerbated by their dispute over Western Sahara.