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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.
  • Europe will return to Russian gas, says Qatar energy minister

    ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company...

    Russian gas exports to Europe plunged after Moscow's invasion of Ukraine.

    A mild winter has spared European countries from having to plunder their gas stockpiles.

  • Iran hangs former defense official for being ‘UK spy’

    Tehran, Iran--Iran on Saturday executed former top defense official and dual British national Alireza Akbari, who was accused of spying for...

    Former top defense officia was executed after being sentenced to death for what Iran termed as harming the country's internal and external security by passing on intelligence

    Britain has demanded that Tehran halt what foreign minister James Cleverly has called a "politically motivated" execution

  • Qatar’s role in European energy security is vital: Dutch Foreign Minister

    Hoekstra expressed his country's desire to continue working with Qatar on issues of common concern and to expand cooperation.

    Hoekstra expressed his country's desire to continue working with Qatar on issues of common concern and to expand cooperation

    He expressed his country's appreciation for the Qatar's mediation efforts undertaken in various regions, noting that the Netherlands and Qatar are partners in such efforts

  • Iran’s top diplomat hopes for restoration of ties with Saudi Arabia

    Nearly six years after the breakup of diplomatic ties between the two countries, Iran's Foreign Minister Hossein Amir-Abdollahian has expressed...

    The foreign minister told a news conference in Beirut that Iran was ready to restore ties and such a move "would have positive repercussions on the entire region"

    The two countries back opposing sides in various conflicts in the region, including in Syria

  • UAE, UK sign agreement to cooperate in the energy sector

    ABU DHABI,  UAE - UAE Ministry of Energy and Infrastructure signed a Memorandum of Understanding (MoU) with UK Department for...

    The agreement aims to exchange information, knowledge, expertise and studies in the field of energy

    The MoU aims to enhance strategic and technical cooperation in the energy sector, develop renewable energy technologies including regulatory frameworks and incentives.

  • Davos summit to pursue ‘cooperation in a fragmented world’

    "There's no doubt that our 53rd annual meeting in Davos will happen against the most complex geopolitical and geoeconomic backdrop...

    German Chancellor Olaf Scholz and UN chief Antonio Guterres are among the most prominent figures attending the forum, alongside nearly 400 government ministers and policymakers.

    Russia is expected to miss out on the event for a second consecutive time, underlining the sea change since 2021. China is yet to announce its presence.

  • New plans not to overhaul judicial system but to crush it: Israel judge

    Days after entering office as part of Israel's most right-wing government, led by Benjamin Netanyahu, Justice Minister Yariv Levin announced...

    Judges in Israel are not permitted to publicly comment on political issues. Earlier on Thursday, Israeli lawyers demonstrated in Tel Aviv against Levin's plans.

    Around 400 demonstrators joined a rally earlier on Thursday organized by lawyers outside a Tel Aviv court, some waving Israeli flags.

  • China imports, exports plunge in December: customs

    Exports fell 9.9 percent year-on-year to $30.6 billion, China customs said, their second consecutive month of decline and the biggest...

    The world's second-largest economy is still reeling from the effects of years of its zero-Covid policy, which hammered businesses and supply chains

    China began lifting most of the hardline measures at the beginning of last month, but the country has since seen a massive spike in Covid-19 infections

  • Morocco change mind over CHAN after Algeria spat

    Morocco's FRMF football federation said in a statement earlier Thursday that the Confederation of African Football (CAF) had informed it...

    The Moroccan national team will travel to Algeria tomorrow to participate in the CHAN, the foreign ministry said

    Algeria closed its airspace to all Moroccan flights in September 2021, the month after it cut off diplomatic ties with its rival, accusing it of "hostile acts"

  • Iraq’s Prime Minister heads to Germany for energy talks

    BAGHDAD, IRAQ - Iraq's Prime Minister Mohammad Shia al-Sudani left Thursday for Berlin to meet with German Chancellor Olaf Scholz and...

    Despite its oil riches, Iraq is beset by crumbling infrastructure, endemic corruption and decades of war.

    Dependent on its powerful neighbor Iran for much of its energy needs, Baghdad seeks to diversify its sources of gas and electricity supply.