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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.
  • UNDP requests $113.5 million to support early recovery in Turkey

    ANKARA, TURKEY - Clearing the mountains of rubble due to buildings collapse in the earthquakes that hit Turkey on February...

    Rubble removal accounts for a large share of UNDP's US$113.5 million request for funding.

    UNDP's current focus is to help prevent public health threats to affected populations and emergency responders.

  • Germany’s Scholz arrives in India to expand business ties

    New Delhi, India--German Chancellor Olaf Scholz arrived in India on Saturday seeking to deepen business ties between the world's number four...

    Scholz would press for progress towards a trade deal between the European Union and India that has long been held up by disagreements on tariffs

    Scholz, 64, also said the Group of 20 should not ease up on pressuring Russia during India's current presidency and continue to send a "strong message"

  • In West Bank nurse discovers own father among casualties from Israel raid

    Nablus, Palestinian Territories--When Israel conducted its deadliest raid in the occupied West Bank in almost two decades this week, a young...

    Ashqar said his father Abdel Aziz, 65, had been returning from prayers in the Old City when he was caught up in the Israeli incursion

    Israel said Wednesday's raid targeted two Lions' Den members, as well as a member of the Islamic Jihad militant group

  • UAE mulls ‘options’ on Russian bank hit by new US sanctions

    MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the...

    The UAE, particularly its financial hub Dubai, has attracted large numbers of Russian professionals and businesspeople fleeing the impact of Western sanctions.

    Russian air passenger traffic to Dubai more than doubled last year to 1.9 million, Dubai Airports CEO Paul Griffiths told AFP this week.

  • Israeli government approves 2023-2024 budget

    Israel's government approved the 2023-2024 budget against the backdrop of economic uncertainty linked to controversial judicial reforms advanced by the...

    Netanyahu's coalition government pushed on in parliament this week with its judicial reforms, which it says are designed to limit overreach.

    Parliament must still vote to adopt the fiscal measures.

  • UAE, Algerian ministers discuss enhancing bilateral cooperation

    ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian...

    UAE, Algerian ministers reviewed ways to advance cooperation in areas that contribute to sustainable economic growth.

    The two ministers discussed UAE's hosting of the 28th session of the Conference of the Parties (COP 28) this year.

  • Netanyahu hails Oman’s opening of airspace to Israeli planes

    On Twitter, the Omani Civil Aviation Authority affirmed that "the Sultanate's airspace is open for all carriers that meet the...

    Israeli Foreign Minister Eli Cohen in a statement hailed the historic decision that will shorten flight time to Asia

    The US also welcomed Oman's move, saying it completed the "process" begun last year with Saudi Arabia's decision

  • EU eases Syria sanctions to speed up quake aid

    The EU measure will last for six months and was taken "in view of the gravity of the humanitarian crisis...

    Aid organizations will no longer need to seek permission from EU member state governments before sending supplies to sanctioned entities in Syria

    EU pointed out that it and its member states have contributed a total of $26 billion to Syria and to refugee-hosting neighbors such as Turkey since 2011

  • Tunisian president seeks to reassure ‘legal’ migrants

    On Wednesday, Tunisian rights groups accused the president of hate speech after he said a day earlier that "hordes" of...

    Saied called on state officials to "look after our brothers from sub-Saharan Africa who are in a legal situation", according to a video published on the official presidency website

    A statement from his office, decrying "a criminal plot... to change Tunisia's demographic make-up" without citing any evidence, has sparked an outcry online

  • Russia to deploy Sarmat intercontinental ballistic missile in 2023: Putin

    Moscow, Russia - Russian President Vladimir Putin said Thursday the new Sarmat intercontinental ballistic missile will be deployed this year following...

    The Sarmat -- dubbed Satan 2 by Western analysts -- is capable of carrying multiple nuclear warheads.

    Putin has said the heavy Sarmat missile can hit any target on Earth and will make the Kremlin's enemies "think twice".