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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.
  • Children found alive as Turkey-Syria quake toll tops 22,000

    In the Turkish city of Kahramanmaras, one of those hit hardest, the stench of death clung to the air. But...

    In the 105th hour, rescuers pulled 18-month-old Yusuf Huseyin from the debris in the southeastern city of Antakya.

    UN Secretary-General Antonio Guterres urged the Security Council to authorize the opening of new cross-border humanitarian aid points between Turkey and Syria.

  • Russia to slash oil output by 5% over Western price cap

    Russia is part of an alliance with OPEC that meets regularly to decide on oil output levels. As a result...

    The international benchmark, Brent North Sea crude, leapt 2.3 percent to $86.48 per barrel. New York contract WTI soared 2.5 percent to $80.01.

    "Russia will voluntarily reduce production by 500,000 barrels per day in March. This will help restore market relations," Deputy PM Alexander Novak said.

  • World Bank to provide Turkey $1.78 bn for recovery after quake

    The 7.8-magnitude quake struck as people slept early Monday, with Turkish officials saying that over 70,000 people have been injured...

    Immediate assistance of $780 million will be offered via Contingent Emergency Response Components from two existing projects in Turkey

    An added $1 billion in operations is being prepared to support people affected amid recovery and reconstruction from the catastrophe

  • Hopes of finding survivors fade as Turkey-Syria quake toll nears 20,000

    Bitter cold has hampered the four-day search of thousands of flattened buildings and threatened the lives of many quake victims...

    Chances of finding survivors have dimmed now that the 72-hour mark that experts consider the most likely period to save lives has passed.

    Despite the dimming hopes for rescues, thousands of local and foreign searchers have not given up in the hunt for more survivors.

  • European Union leaders offer ‘full solidarity’, aid to Erdogan

    Brussels, Belgium--The 27 EU leaders wrote to their Turkish counterpart President Recep Tayyip Erdogan on Thursday to express their "full...

    The leaders sent their message at the start of their Brussels summit. A video call with Erdogan was contemplated but it was not clear if this would be possible.

    Many countries around the world, including EU members, have sent emergency teams and aid, and Europe is keen to do more, fearing a new wave of refugees from the region.

  • Turkey, Syria quake economic losses may exceed $4 billion: Fitch

    More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.

    More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.

    Insured losses will be much lower, possibly around $1 billion, due to low insurance coverage in the area.

  • Row over West Bank outpost exposes Israel cabinet split

    Jerusalem--Cracks have emerged within Israeli Prime Minister Benjamin Netanyahu's hardline government, with a row over the demolition of a settlement...

    Netanyahu vowed in December to expand settlements across the West Bank, as he returned to power at the helm of the most right-wing government in Israeli history.

    Despite being considered illegal by the state, two far-right members of the cabinet, Finance Minister Bezalel Smotrich and Public Security Minister Itamar Ben-Gvir, objected.

  • Bahrain loses state immunity bid in spyware lawsuit in UK filed by dissidents

    According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data.

    According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data

    The software also allows users to enable microphones and cameras on electronic gadgets to perform live surveillance and monitor their whereabouts

  • Rival Libya administrations agree to remove foreign fighters: UN

    Cairo, Egypt-- Senior Libyan officials from both rival administrations on Wednesday endorsed a coordination mechanism to clear the war-torn country of...

    According to UN estimates there are more than 20,000 foreign fighters, both military and paramilitary, in the country

    The country descended into a decade of violence following the 2011 overthrow of dictator Moamer Kadhafi in a NATO-backed rebellion

  • Morocco criticizes ‘unjust’ EU campaign over Pegasus spyware

    Rabat, Morocco--The Moroccan parliament decried Wednesday an "unjust campaign" against it at the European Parliament ahead of a hearing in Brussels...

    The parliament is set to hear from experts, human rights defenders and journalists on Thursday on claims that Morocco had used the spyware against politicians and journalists

    The Moroccan parliament voted unanimously to review ties with the European Parliament, accusing it of meddling