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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.
  • Ready to work with developing nations for green future: China

    Chinese Vice Premier Ding Xuexiang said his country has promoted the targets for carbon peak and carbon neutrality, adding that...

    The vice premier called on the G77 and China to further speak with one voice and uphold common interests

    He urged all to promote sustainable development, a new path of coordination between development and protection

  • UAE and Turkmenistan pledge to ramp up ties ‘in all fields’

    Dubai, UAE-- The UAE and Turkmenistan have agreed to enhance bilateral ties in all fields, particularly in the development sectors,...

    The leaders of the two countries reviewed ways to ramp up bilateral ties between the UAE and Turkmenistan in all fields

    They discussed the COP28 agenda and its role in bolstering international action to address the phenomenon of climate change

  • Bitcoin soars past $40,000 on optimism for US trading approval

    FTX, the world's second-biggest crypto exchange, dramatically went under last year, and its boss Sam Bankman-Fried faces up to 110...

    The digital asset has skyrocketed this year, gaining nearly 150 percent, with expectations growing that US regulators will allow the creation of exchange-traded funds

    The currency remains well below its record value of almost $69,000 in 2020, but the rally marks a recovery following the high-profile scandals and collapses that rocked the crypto

  • Net-zero targets must include fossil fuel ‘phase-out’: monitor

    According to a new report from Net Zero Tracker, at least 150 countries have committed to a net-zero emissions target...

    The report looked at nations, cities and large companies committed to any kind of net-zero target

    African and European companies were relatively well represented in the phase-out plans

  • Innovations spur Qatar’s petrochemical sector growth

    "A fair, safe, and sustainable transition to low-carbon energy is crucial for protecting the planet and fostering economic growth. Achieving...

    Qatar's petrochemical industry sees continuous growth since QAPCO's establishment.

    QatarEnergy and Chevron Phillips join hands to build two massive ethane cracking units.

  • UAE president and UN chief discuss ‘collective action’ to address climate challenges

    Dubai, UAE-- UAE President Sheikh Mohamed bin Zayed and UN Secretary General António Guterres discussed the importance of the conference...

    The UN chief applauded the initiative of UAE president in establishing a US$30 billion fund for global climate solutions

    They also talked on cooperation between the UAE and UN agencies, particularly in supporting world peace and climate action

  • Is 2030 the finish line for the Gulf Railway Project?

    The Gulf Railway aiming for completion by 2030, will link GCC nations with a comprehensive rail network, marking a new...

    The Gulf Railway aiming for completion by 2030, is set to link GCC nations with a comprehensive rail network, marking a new era in regional transportation and economic integration.

    Saudi Arabia's railway expansion, an integral part of the Gulf Railway Project, boosts GCC connectivity and trade, with parallel progress in the UAE, Qatar, Oman, and Kuwait.

  • MENA region can create 10m jobs by 2050 via climate action, says ILO

    DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...

    The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.

    The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

  • Morocco gardening school cultivates hope for marginalised youth

    Launched by the Islamic Culture Foundation in 2018, Bouregreg Med-O-Med school provides free training to dropouts and other marginalized youths...

    Bouregreg Med-O-Med school in Morocco aims to raise awareness about climate change while promoting the social inclusion of marginalized young people

    The school has a nursery of local plants that are better adapted to water stress, which is crucial for Morocco as the country suffers its worst drought in almost 40 years

  • COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action

    Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...

    Around 50 companies, representing more than 40 percent of global oil production, so far have signed on to the OGDC

    COP28 President Dr. Sultan Al Jaber said several oil companies have adopted net-zero 2050 targets for the first time