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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.

Real-time carbon footprint data crucial for effective actions, reducing emissions

AI-powered tools are crucial for measuring emissions accurately, enhancing accountability in achieving climate goals, Naim Yazbeck, the General Manager of...

Company News

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GCC beauty sector puts best face forward

Consumers are spending more on beauty products and fragrances despite inflation, says Salem Kaissi, Vice-President of multi-brand luxury beauty concept...

AI/ML boosts efficiency of GCC frontline workers

The Gulf region leads in adoption of artificial intelligence or machine learning to boost productivity, says Rami Darwish, CEO of...

What’s driving EV uptake in MENA?

Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope:...

Most Read

Despite culture, MENA coffee business still nascent

The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.
  • Coffee consumption in MENA has experienced a massive shift, with sales growing at twice the global average
  • Coffee has been at the heart of Middle Eastern culture for centuries

Self-mobility a ‘promising business’: Ekar founder

Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.
  • Ekar’s founder believes car ownership could become a hobby only for wealthy people in the upcoming years
  • Ekar is looking into an addressable market of 138 million people in the MENAT region

Major GCC countries see push for Arabic e-gaming

People are hungry to consume content that they can understand and more importantly relate to, says Eyad Basheer, chief operating...
  • Around 70 percent of Arab smartphone users have their phones set to Arabic, indicating a preference for content in their mother tongue
  • According to management consultancy firm Strategy&, mobile gaming will be a $2.3-billion industry in the region by 2022