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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.

Saudi recalls envoy to Lebanon over Yemen comments

Saudi Arabia ordered the "recall of the ambassador in Lebanon for consultations, and the departure of Lebanon's ambassador to the...
  • The wealthy Gulf kingdom also "decided to halt all Lebanese imports"
  • Lebanon's Prime Minister Mikati reacted quickly, saying he "regretted" the Saudi move

Tunisia most democratic among countries roiled by Arab Spring

Tunisia, where the government of former president Zine El Abidine Ben Ali was overthrown in 2011, scored 6.59 out of...
  • Tunisia, where the government of former president Zine El Abidine Ben Ali was overthrown in 2011, scored 6.59 out of ten in the 2020 Democracy index
  • Libya is now tied with Yemen at the bottom of the list, with a democracy score of 1.95 out of 10

Women gain power without parity in Iraqi Kurdish city

Mayor, university dean, director of the veterinary department, and health spokesperson are some of the senior posts held by women...
  • Mayor, university dean, director of the veterinary department, and health spokesperson are some of the senior posts held by women in Halabja
  • It marks something of a departure for Iraqi Kurdistan, where public affairs have long been dominated by a handful of men

Sadrists claim largest bloc after record-low Iraq voter turnout

Security measures meant to ensure a smooth and safe voting remained largely successful, as only 75 complaints during public voting...
  • The movement wins around 73 of the parliament's 329 seats in Sunday's election
  • UN Secretary-General Antonio Guterres hails the 'largely peaceful conduct' of the vote

In Iraq vote, big blocs lurk behind ‘independents’

A new electoral law in Iraq will mean that when Iraqis go to the polls on Sunday, they will vote...
  • The elections will have voters choose individuals running as independents rather than members of political blocs.
  • Those disillusioned with the political class fear these individuals will spend no time supporting blocs when elected.

Israel foreign minister opens embassy in Bahrain

Yair Lapid began a landmark visit Thursday to Bahrain where he opened the Israeli embassy one year after the US-brokered...
  • The Bahrain flight and Israel's first bilateral ministerial visit to the Gulf country are part of a thaw in regional relations
  • Bahrain reaffirms its commitment to the two-state solution to the Israeli-Palestinian conflict

‘Apathy and despair’ as Iraq looks to October election

The polls were initially scheduled for 2022, but moved forward to June this year, then postponed to October.
  • Respondents have said only the candidates’ faces are newer while the political ideals are unchanged
  • Issues like constant power cuts and non-upgradation of infrastructure are also weighing on voters’ minds

Economy in focus as Lebanon’s new cabinet holds first meeting

The meeting, during which a ministerial statement is to be drafted to be submitted to a confidence vote in parliament,...
  • Talks with the IMF on financial assistance are key to rescuing Lebanon
  • More than three out of four Lebanese are now considered to be under the poverty line

Lebanon gets new govt amidst economic turmoil

Lebanon’s President Michel Aoun and Prime Minister-designate Najib Mikati signed Friday the decree to form the new government, bringing to...
  • Prime Minister-designate Najib Mikati was the third man to take on the mantle after his predecessors Moustapha Adib and Saad Hariri failed to come to terms with the President
  • Eddy Maalouf, a parliamentarian in President Michel Aoun's Free Patriotic Movement bloc told the media that the government would be formed of 24 ministers

UAE forms new law to punish erring ministers and officials

Any minister or senior official found guilty of corruption could be relieved of their job.
  • People can submit complaints directly to the public prosecution
  • Those accused may see their travel permits revoked, and even assets frozen

Biden and Trump gird for marathon White House race

Both are unpopular with large sections of a populace wary of handing the keys to the most powerful office in...

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Syria cancels BBC’s accreditation over ‘misleading reports’

In a rare move against an international media organization, the Syrian government has cancelled the BBC's accreditation over what it...

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...

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...

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Kuwait, UN sign MoU to enhance cooperation in counter terrorism

NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed...
  • A training program for Kuwaitis and the establishment of special workshops in the field of combating terrorism was discussed.
  • The country has tried to strengthen global partnerships in combating terrorism, Kuwait's assistant minister said.

Three killed in Syria by Turkish drone attack

QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid...
  • The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man.
  • The Syrian Observatory for Human Rights war monitor said Tuesday's strike hit a vehicle on a road.

Exiled Iranian opposition outraged after Paris police block proposed rally

PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for...
  • The National Council of Resistance of Iran, which calls for the overthrow of Iran's clerical leadership, asked permission for the rally in Paris on July 1,
  • The NCRI claimed that Paris was giving into pressure from Tehran as France was concerned over the fate of four French nationals held by Iran.