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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.
  • Spanish PM in Morocco on visit to cement ties

    Spain's North African enclaves of Melilla and Ceuta - which both border Morocco - have long been magnets for people...

    Sanchez and a dozen ministers are set to meet with top members of the Moroccan government on Thursday

    They are expected to sign some 24 deals including on encouraging Spanish investment in the kingdom

  • SK Hynix posts record loss

    The company is world's second-largest memory chip maker

    The South Korean chipmaker SK Hynix reported an operating loss of $1.4 billion in the October to December period

    Hynix's results come a day after Samsung Electronics said fourth-quarter operating profits plunged nearly 70 percent

  • Lebanese villagers fight to stem illegal logging

    Lebanon, whose flag bears a cedar tree, is known for its greenery, with forests covering 13 percent of its territory.

    He said around 30,000 trees had been planted in the past two decades but that since September, logging had become a regular occurrence.

    Lebanon has the largest juniper woods in the Middle East, according to the environment ministry, and is also home to pine, oak, cedar and fir forests.

  • Israel considers sending military aid to Ukraine

    Israeli PM's remarks come after a visit by US Secretary of State Antony Blinken, who called for calm following a...

    Israeli PM has confirmed that the US has shifted a little-known stockpile of artillery it stations in Israel to Ukraine and he cast the Jewish state's own operations against Iran

    Netanyahu said he was asked to mediate in an unofficial role after Russia invaded Ukraine in February but did not pursue it as he was then in opposition

  • Channel opened for UAE residents who stayed outside for 6 months

    Abu Dhabi, UAE-- The Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) announced that it has added to...

    This service does not apply to residents who hold golden residence permits.

    The eligible people need to submit a copy of their Emirates ID and a copy of the passport.

  • King Abdullah of Jordan and US President Joe Biden to hold talks

    Washington, US-- Jordan’s King Abdullah and US President Joe Biden will hold talks at the White House on Thursday, as...

    Talks between the two leaders will cover means to bolster the strategic partnership between Jordan and the United States through expanding cooperation across various sectors

    The king is in Washington and met with US House of Representatives Speaker Kevin McCarthy at the Capitol earlier on Tuesday

  • Abbas succession battle could ‘collapse’ Palestinian Authority

    The report says Abbas, who has been unwilling to designate a successor, has also "hollowed out or disabled the institutions...

    Abbas has repeatedly called off plans to hold presidential polls, as recently as 2021 when he scrapped scheduled elections citing Israel's refusal on allowing voting in Jerusalem

    The International Crisis Group report has named PA civil affairs minister Hussein al-Sheikh and PA intelligence chief Majid Faraj as possible successors of Abbas

  • Green energy investment tops $1 trillion, matches fossil fuels

    Despite the milestone, spending on energy transition technology must immediately triple to meet the target of net-zero emissions by 2050...

    This is up 31 percent on the previous year and marks the first time the investment total has been measured in trillions.

    China -- the world's biggest polluter -- was by far the largest investor in energy transition, with the United States a distant second.

  • Blinken meets Israeli, Palestinian leaders for peace

    US Secretary of State Antony Blinken met Israeli and Palestinian leaders on his Middle East tour aimed at curbing the...

    US Secretary of State Antony Blinken spoke of strengthening ties with the Palestinian Authority and the people of Palestine.

    The US official met with some emerging leaders and members of the Israeli civil society.

  • UAE President postpones visit to Pakistan due to ‘weather’

    During the visit, UAE President and Pakistan's Prime Minister were due to discuss areas of mutual cooperation between the UAE...

    During the visit, UAE President and Pakistan's Prime Minister were due to discuss areas of mutual cooperation between the UAE and Pakistan

    However, the PMO statement said today that the visit to the capital will now be rescheduled, adding that the new dates will be announced soon