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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.
  • Iranian diaspora demand EU blacklisting of Revolutionary Guards

    Pressure is growing among opposition exiles and activists for the European Union and United Kingdom to follow the United States...

    European parliament speaker Roberta Metsola pledged to the demonstrators that the EU was standing with the protesters in Iran

    Activists accuse the Revolutionary Guards of playing a key role in the crackdown on the protests which according to rights groups has left hundreds dead

  • Violence erupts in Morocco in operation to clear out migrants

    Violence broke out in an illegal camp in Casablanca when police sought to remove migrants, injuring an officer and leaving...

    The area on the edge of Casablanca is periodically the scene of tensions between authorities and migrants living in scattered, unsanitary camps

    The Moroccan Association for Human Rights (AMDH) denounced police "violence" during the operation

  • AI-powered project in Turkey improves wildfire prediction

    Geneva, Switzerland: A project powered by Artificial Intelligence piloted in Turkey last year has improved wildfire prediction by combining static...

    The FireAId initiative, launched by the World Economic Forum in Jan 2022, is being scaled for wider use.

    In the US, there have been around 1.5 million wildfires since 2000, burning an average 7 million acres annually.

  • Global recession likely in 2023, say WEF chief economists

    Almost two-thirds of chief economists believe a global recession is likely in 2023, with 18 percent of them considering it...

    In China, expectations of growth are polarized, with respondents almost evenly split between those who expect weak or strong growth.

    One positive signal is that supply chain disruptions are not expected to cause a significant drag on business activity in 2023.

  • Countries which transform food system can meet net-zero goals, says WEF report

    DAVOS, SWITZERLAND – A  report launched Monday at the World Economic Forum Annual Meeting 2023 shows how countries can accelerate...

    Food systems, when transformed, can help solve some of the world’s toughest problems, from climate change to resilient livelihoods.

    The report identifies models for businesses and policy-makers and a roadmap of priorities for countries to improve productivity and sustainability.

  • Europe investigators question witnesses over Lebanon central bank chief

    European investigators began questioning high-profile witnesses in Lebanon as part of a probe into central bank governor Riad Salameh's wealth,...

    Investigators from France, Germany and Luxembourg questioned Saad Andary, Lebanon's central bank former vice governor.

    The investigators also questioned Khalil Kassaf, a former employee at Lebanon's banking control commission.

  • Egypt hands businessman life sentence over rare protests

    The court sentenced Ali to life in prison together with 37 co-accused, while several dozen others were handed prison terms...

    Mohamed Ali, a construction contractor and fledgling actor, burst onto Egypt's political scene in 2019 when videos he posted on social media accusing Sisi of corruption

    His posts, filmed from Spain where he has lived for several years, racked up millions of views and briefly sparked a wave of small-scale but boisterous demonstrations

  • Morocco fumes at comments to ‘free’ W.Sahara at Africa football cup

    Cairo, Egypt--The Confederation of African Football (CAF) said Sunday it will investigate comments made at the African Nations Championship in Algeria...

    The two countries are locked in a bitter rivalry partly over Western Sahara, where the Algiers-backed Polisario movement seeks an independence referendum

    Morocco on Friday decided not to send its under-23 team to the CHAN tournament after Algeria refused to authorize a direct flight from Rabat

  • EU parliament chief to unveil reforms amid graft scandal

    The parliament has been the focus of intense scrutiny since the scandal broke open a month ago with the arrest...

    Belgian prosecutors are investigating alleged graft in the European Parliament benefitting Qatar and Morocco

    Qatar has denied having any role in any wrongdoing in the case, Morocco says it is the target of unjustified "media attacks" over the allegations

  • Majid Al Futtaim among firms to halve real estate emissions by 2030

    These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related...

    Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL Schneider Electric and Signify were the other firms that pledged the emissions cut.

    These firms will meet these targets by implementing the Forum’s Green Buildings Principles, which provides a sequence of steps to deliver net-zero carbon real-estate portfolio.