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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.
  • Won’t ask forgiveness from Algeria for French colonization: Macron

    France's 100-year colonization of Algeria and the viciously fought 1954-62 war for independence have left deep scars on both sides,...

    "It's not up to me to ask forgiveness, that's not what this is about, that word would break all of our ties," Macron said.

    Algeria and France maintain enduring ties through immigration, involvement in the independence conflict and post-war repatriations of French settlers.

  • Global actions should not derail energy transition, says WEF

    GENEVA, SWITZERLAND– The current energy crisis is driving inflation, slowing economic growth, creating social turmoil and the world should not...

    The WEF report said that steps such as increasing production of electricity from coal or broad-based consumption subsidies, risk derailing energy transition.

    The report proposes a framework for a secure energy system to guide countries and policy-makers.

  • UAE takes part in financial inclusion meet under India G20 Presidency

    ABU DHABI, UAE -  The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track...

    The meeting was held to discuss the Global Partnership for Financial Inclusion work plan for 2023.

    G20 members, invited countries, GPFI members, and international organizations such as the World Bank and OECD attended the meeting.

  • Should fossil fuel firms be forced to clean up carbon pollution?

    The study said impelling fossil fuel firms to use technologies to suck carbon from the air and bury it back...

    Researchers suggest, in the study published Thursday, that the principle of extended producer responsibility should be extended to the oil, gas and coal industries.

    The study's authors, including scientists and experts said the paper was a response to the energy crisis and potential lessons for the challenge of getting to net zero emissions

  • Saudi Arabia to use own uranium for nuclear project: minister

    Seeking to reduce its dependence on crude, the world's biggest oil exporter, Saudi Arabia, has said that the kingdom intends...

    Riyadh approved its national atomic energy policy in March 2018 which limited nuclear activities to peaceful purposes and called for enhanced safety measures

    In 2021, the United Arab Emirates announced that its Barakah nuclear power plant had begun commercial operations as the first in the Arab world

  • Iran and Iraq spar over naming of soccer event as Arabian Gulf

    Tehran, Iran -- Iran has protested to Iraq over the use of the name "Arabian Gulf" for a regional football competition...

    The Islamic republic insists the body of water should be called the "Persian Gulf".

    It is the first time Iraq has hosted the biennial competition -- referred to as the "Gulf Cup".

  • Cost of living crisis biggest short-term risk: WEF Report

    The World Economic Forum’s Global Risks Report 2023 says conflict and geo-economic tensions have triggered a series of deeply interconnected...

    The report said the window for action on the most serious long-term threats is closing rapidly and concerted, collective action is needed before risks reach a tipping point.

    Failure to mitigate and adapt to climate change, natural disasters, biodiversity loss and environmental degradation represent five of the top 10 risks.

  • Israeli restrictions on Palestinian flags ‘repressive’: Amnesty

    Israel's new firebrand National Security Minister Itamar Ben-Gvir ordered the police commander on Sunday to authorize officers to remove Palestinian...

    Amnesty called the new measures "repressive" and an "audacious attack on the rights to nationality, freedom of expression and freedom of peaceful assembly"

    Itamar Ben-Gvir, the new National Security Minister who has ordered to remove Palestinian flags flying in public spaces, has a history of inflammatory remarks about Palestinians

  • EU warns TikTok chief to respect data privacy laws

    TiKTok chief executive Shou Zi Chew held official talks for the first time with EU vice presidents Margrethe Vestager and...

    TikTok has come under fierce Western scrutiny in recent months over concerns about how much access Beijing has to user data

    Last month, TikTok admitted that ByteDance staff accessed data from the app to track journalists in a bid to identify the source of leaks to the media

  • US Navy says seizes weapons en route from Iran to Yemen

    DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along...

    A grinding war has killed hundreds of thousands and pushed Yemen to the brink of famine.

    A UN-brokered ceasefire that took effect in April brought a sharp reduction in hostilities.