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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.
  • DEWA showcases its sustainability projects to French, Cuban delegations

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...

    The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.

    The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.

  • Iran denounces EU parliament for urging sanctions on Guards

    Foreign Minister Hossein Amir-Abdollahian "strongly criticized the emotional approach of the European parliament and labelled the move inappropriate and incorrect"...

    Iranian foreign minister's remarks came a day after MEPs voted in an amendment to an annual foreign policy report to urge the EU to blacklist the IRGC

    The European parliament cited the IRGC's "terrorist activity, repression of protesters and supply of drones to Russia" in its blacklisting call

  • Two killed in Israeli raid in Jenin: Palestinian ministry

    The ministry announced the "martyrdom of Jawad Farid Bawaqna, 57, killed by a bullet in the chest, and Adham Mohammed...

    Jenin incident raises the toll of Palestinians killed this month in the West Bank to 17, including civilians and militants

    A surge in violence in 2022 made it the deadliest year in the West Bank since United Nations records began in 2005

  • Turkey asks US for F-16 jets amid NATO, Congress rows

    Meeting US Secretary of State Antony Blinken, Turkish Foreign Minister Mevlut Cavusoglu said he intended to discuss his country's request...

    United States is finalizing a $20 billion package for Turkey that is expected to include around 40 new F-16 fighter jets

    Senator Bob Menendez, a member of Biden's Democratic Party who heads the Senate Foreign Relations Committee, has vowed to block any sale

  • Scholz pledges support for Ukraine, but silent on battle tanks

    Despite pressure on him to authorize delivery of tanks to Ukraine, German Chancellor Olaf Scholz pledged support to the war-scarred...

    European allies have implored the German chancellor to agree to the export of German-made Leopard heavy tanks to help Ukraine repel Russia's invasion

    Western countries supporting Ukraine are set to meet at the US-run Ramstein military base in Germany on Friday to coordinate their latest pledges to Ukraine

  • Dialogue best way to resolve differences with Iran: Prince Faisal

    There is a need to find a route to ending the Russia-Ukraine conflict, otherwise global uncertainty would continue. "This is...

    Saudi Arabia has been trying to find a path to dialogue with Iran as the best way to resolve differences, says the Kingdom’s Foreign Minister

    Saudi Prince Faisal bin Farhan adds that his country is working to stabilize energy security in the region and across the globe

  • Erdogan signals Turkey general polls might be held a month ahead

    Analysts believe that Erdogan's office is looking for a perfect moment at which his own voters are more likely to...

    Erdogan and his Islamic-rooted party have ruled Turkey for two tumultuous decades that have seen years of economic booms and busts

    His secular opposition enters the campaign divided over everything from policy to strategy and has not agreed on a candidate

  • UN chief calls for urgent actions as world faces Category 5 storm

    Davos-Klosters, Switzerland – UN Secretary-General Antonio Guterres, in a wide-ranging address that touched on the most critical issues facing the...

    On climate change, he called on world leaders to put forward credible and transparent transition plans to achieve net-zero emissions.

    He also said a “morally bankrupt financial system” is amplifying systemic inequalities.

  • CEOs back unlocking Africa free trade area’s $3.4 trillion potential

    Davos-Klosters, Switzerland-- African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of...

    The AfCFTA is the largest free trade area in the world, by area and number of participating countries.

    Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment.

  • Geopolitical instability may lead to catastrophic cyberattack: Report

    Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...

    The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.

    Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.