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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.

Tunisia protests on revolution anniversary as economy spirals

Many Tunisians are tired of a system that is seen as graft-ridden and ineffective, and have welcomed the protests.
  • Tunisian President Kais Saied has prolonged his suspension of parliament until elections in December 2022
  • He also announced a nationwide public consultation to draw up a new constitution

‘2022 Iraq budget depends on formation of new govt’

The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day...
  • The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day of January 2022
  • Iraq is in the process of forming a new government following the recent election in which the cleric Muqtada al-Sadr’s movement Saeroon won the most votes

Saudi’s Prince Mohammed, a champion of moderate Islam, takes the reins

While Prince Mohammed has been considered the de facto leader since his appointment as heir to the throne in June...
  • The crown prince has opened Saudi Arabia to tourists and foreign investments in an effort to diversify the economy
  • He has overseen sweeping social changes, including allowing women to drive and work in the public sector

Tunisia’s president announces constitutional referendum

Kais Saied presented a roadmap for restoring democratic institutions, and announced a nationwide public consultation from January 1 until March...
  • Tunisian president has extended parliament suspension for one more year until December 2022
  • Direct meetings would be held to receive suggestions for constitutional reforms of Tunisia

Iraq bombing targeted officer who was probing activists’ deaths

At least four civilians were killed and four others wounded in Tuesday's motorcycle bombing near a hospital in central Basra....
  • Iraq has seen protests since October 2019, over allegations of rampant corruption and high unemployment rates
  • Since then, dozens of activists and protesters have been targeted in assassinations or attempted killings

ICJ orders Armenia and Azerbaijan to resolve dispute

Tensions have simmered for years over Nagorno-Karabakh, an ethnic Armenian region of Azerbaijan that broke away from Baku's control in...
  • International court of Justice tells Azerbaijan to treat all Armenian prisoners lawfully
  • Azerbaijan welcomed the ruling of ICJ, which was first formed to resolve the disputes of World War II

EU, GCC begin new era in relations

However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and...
  • Kuwait has emerged as a major global humanitarian player and a significant mediator to sort out inter-Gulf differences
  • This has contributed to the re-evaluation by European Union leaders of their policies towards the Gulf region

Updated: US indicts Iranians for ‘meddling’ during 2020 elections

The US Justice Department has indicted two Iranians for allegedly taking part in an online "disinformation and threat" campaign during...
  • The US Treasury imposes sanctions on the two men and three others who ran the cybersecurity company they worked for
  • Kazemi and Kashian allegedly obtained confidential voter information and sent menacing emails

For Israelis, Palestinian radio broadcasts in Hebrew

"The Israeli public listens to the media that speaks to them, but they don't listen to the other side," said...
  • Jerusalem 24 transmits on 106.1 FM and has an English-only website for now but is not the first Palestinian radio to broadcast in Hebrew
  • With just six full-time journalists and hours of air time to fill, the radio station relies on long stretches of musical programming

Climate, economy, vaccines key focus of G20 talks

Leaders of the world's most advanced nations are hoping to hammer out a way forward on climate change and vaccine...
  • In their first in-person gathering since the start of the Covid-19 pandemic, the relaunch of the global economy will also be front and center on the two-day agenda
  • The stakes are high, with United Nations Secretary General Antonio Guterres warning G20 leaders to show "more ambition and more action"

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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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...

Dutch museum exhibit on Egypt causes anger in North African country

LEIDEN, NETHERLANDS - In a Dutch museum the sound of hip-hop blares out next to sarcophagi and statues, in what curators...

Both sides in Sudan must be made accountable, says UN official

BRUSSELS, BELGIUM -  Sudan's warring sides must face "accountability" for the "crimes" committed in their conflict, which risks spiraling into a...

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EU support for Ukraine’s membership unequivocal, says Spanish PM

Spanish Prime Minister Pedro Sanchez said that his visit to Kyiv on the first day of Spain's EU presidency showed...
  • Ukraine applied for EU membership just five days after Russia's invasion on February 24, 2022.
  • It is hoping to begin formal negotiations this year on what it needs to do to firm up its membership bid.

French president announces measures to quell riots

French President Emmanuel Macron announced measures including more police and urged parents to keep minors off the streets as he...
  • French President Macron attempted to strike a balance between political pressure for a harsh response and fears of triggering a still stronger backlash.
  • "Additional means" would be mobilized by government to tackle the rioting, Macron said, without specifying how many more officers might be involved.

Key judicial reform clause thrown out, says Israeli PM

Israeli Prime Minister Benjamin Netanyahu said he had "thrown out" a key provision of his controversial judicial reform plan that...
  • The proposed changes to the justice system have also drawn intense criticism from the international community.
  • The proposals had sparked one the country's biggest protest movements with thousands taking to the streets since they were announced in January.