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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.
  • Jordan, Algeria discuss closer economic cooperation

    AMMAN, JORDAN - A Jordanian ministerial delegation met with a number of Algerian ministers in the North African country on...

    Jordan and Algeria reached an agreement on a roadmap to advance economic, trade, and investment cooperation for the years 2023–2025.

    The road map highlights key cooperation projects with the objective of expanding trade exchanges, inter-investment volume.

  • UN Security Council condemns Israeli settlements, terming them as obstacle to peace

    The council stressed that the continuation of Israeli settlement activity endangers the principle of the two-state solution.

    The council stressed that the continuation of Israeli settlement activity endangers the principle of the two-state solution

    It reaffirmed its firm commitment to the vision of a two-state solution, in accordance with international law and relevant UN resolutions

  • Syria’s Assad visits Oman after quake, in first since war

    Sultan Haitham and Assad "held official talks" at the royal palace in Muscat, Oman's foreign ministry said in a statement....

    The one-day trip to meet with Sultan Haitham bin Tareq came two weeks after a 7.8-magnitude earthquake struck southeastern Turkey and northern Syria

    The February 6 quake sparked Arab outreach to the internationally-isolated Assad government, which was expelled from the Arab League after war broke out in 2011

  • Netanyahu will safeguard ties with UAE, KSA despite pressure from far-right allies: Israel’s ex-minister

    However, economic and people-to-people ties between Israel and its Abraham Accords partners will be affected due to the hard right...

    However, economic and people-to-people ties between Israel and its Abraham Accords partners will be affected due to the hard right nature of Israel’s coalition, says Esawi Frej

    Netanyahu’s trumpeting of a possible Israeli breakthrough with Saudi Arabia is unfounded, adds Israel’s former minister for regional cooperation

  • Iran denies enriching uranium above 60 percent

    Iran denied reports it has enriched uranium up to 84 percent, just below the 90 percent needed to produce an...

    The IAEA is "giving Iran the opportunity to explain because it's apparently possible that there can be so-called 'spikes' of higher levels of enrichment".

    Uranium enriched up to 90 percent purity is considered nuclear weapons-grade.

  • Algeria allocates $1 billion for development projects in Africa

    The decision of the Algerian President was announced in a speech read by Prime Minister Aimene Benabderrahmane at the annual...

    Tebboune said the agency's approach was based on Algeria's conviction that "security and stability in Africa are linked to development

    Algerian Agency of International Cooperation for Solidarity and Development would coordinate with African nations seeking to benefit from the initiative

  • G42 signs on as strategic partner for IDC at NAVDEX 2023

    Abu Dhabi, UAE--G42 and its subsidiaries Bayanat, Presight.AI and G42 Cloud have announced their participation as a strategic partner at...

    The conference will serve as a global platform for decision-makers and the defence sector to highlight technologies and challenges

    This year will mark the 30th anniversary of IDEX and the 12th anniversary of NAVDEX, where the exhibitions will form the biggest events of their kind in the region

  • IAEA in talks with Iran after reported nuclear step-up

    Iran was last known to enrich up to 60 percent, while a 90-percent threshold is required for use in a...

    IAEA said that it was discussing with Iran the results of recent agency verification activities and will inform the IAEA Board of Governors as appropriate

    Iran started stepping up its nuclear activities in 2019, a year after the US under then president Donald Trump pulled out of the landmark deal and reinstated sanctions

  • Israel’s observer status at the bloc suspended: African Union

    Addis Ababa, Ethiopia--The African Union said Sunday that Israel's observer status at the bloc was suspended and therefore it had...

    Israel accused Iran of orchestrating the expulsion of the diplomat from the AU summit's opening day on Saturday with help from Algeria and South Africa

    Video circulating on social media showed guards escorting the Israeli foreign ministry's deputy director general for Africa, Sharon Bar-li, out of the AU assembly hall

  • Saudi meet stresses carbon capture vital for net-zero goals

    Riyadh, Saudi Arabia – Net-zero goal cannot be achieved without carbon capture and there is a need to scale up...

    The King Abdullah Petroleum Studies and Research Center held a high-level roundtable on Carbon Management Technologies.

    In 2022, investment in the carbon capture utilization and storage hit $6.4 billion.