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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.

Clashes erupt in Tripoli after failed coup

The fighting began on Thursday night and extended into Friday afternoon. (AFP file)
By TRENDS Desk AFP
June 11, 2022 2:20 pm
  • The intense fighting involved two influential militias from western Libya, local media reported.
  • After a 2011 revolt toppled the dictator Mouammar Kadhafi, political infighting has plagued oil-rich Libya
Clashes between armed groups erupted in Libya’s capital on Friday night, according to local media, as the country reels from a failed coup attempt three weeks ago.Heavy exchanges of gunfire and explosions ricocheted across several districts of Tripoli on Friday, according to an AFP journalist, while images broadcast by local press showed civilians fleeing heavily-trafficked areas.

The intense fighting involved two influential militias from western Libya, local media reported.

No casualties or motive for the fighting were immediately apparent, but it is the latest violence to rock the country as two rival prime ministers vie for power.

After a 2011 revolt toppled longtime dictator Mouammar Kadhafi, political infighting to fill the power vacuum has plagued oil-rich Libya.

Last month, politician Fathi Bashagha attempted to seize power by force, sparking pre-dawn clashes between armed groups supporting him and those backing interim premier Abdulhamid Dbeibah.

Dbeibah was appointed under a troubled UN-led peace process early last year to lead a transition to elections set for December 2021, but the vote was indefinitely postponed.

In February, parliament appointed Bashagha, a one-time interior minister, to take over, arguing that Dbeibah’s mandate had ended.

But Dbeibah has insisted he will only relinquish power to an elected administration.

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