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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.
  • UAE, Oman education ministers discuss cooperation in the sector

    MUSCAT, OMAN -  UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint...

    The meeting was held in Muscat and aimed at boosting the coordination and cooperation between the two friendly countries.

    The two sides also discussed the exchange of expertise in the field of curriculum development and international tests

  • Global piracy acts drop to 14-year low, says report

    Worldwide acts of piracy fell to their lowest level last year since statistics were first established in 2008, a maritime...

    In the Gulf of Guinea, considered a piracy hotspot, just three ships were attacked in 2022 compared to 26 in 2019, the MICA said.

    In the same area, the number of kidnappings dropped to two last year, from 146 in 2019.

  • Iran sentences three more to death over Amini protests

    Iran has sentenced to death three people accused of killing three members of the security forces during the protests triggered...

    The latest sentences, which can still be appealed, bring to 17 the total number of people condemned to death in connection with the more than three months of protests

    On Saturday, Iran executed Mohammad Mehdi Karami and Seyed Mohammad Hosseini for killing a paramilitary force member in November in Karaj west of Tehran

  • 90% of people in China province infected with Covid: official

    China is battling a surge in cases following its decision last month to lift years of lockdowns, quarantines and mass...

    With a population of 99.4 million, the figures suggest about 88.5 million people in Henan may now have been infected

    Beijing is determined to press on with its reopening, on Sunday lifting mandatory quarantine for all international arrivals

  • Conspiracy theorists make comeback on Twitter after the ban

    Those reinstated include far-right activists, anti-Muslim extremists as well as others peddling election conspiracies and Covid-19 misinformation, according to an...

    Among those allowed back on Twitter is former US President Donald Trump, who was handed a "permanent" ban by Twitter after his supporters stormed the Capitol on January 6, 2021

    Former national security advisor Michael Flynn, who once appeared to endorse the idea for a Myanmar-style coup in US, also thanked Musk on Friday after his account was restored

  • UAE, Pakistan advancing parliamentary cooperation

    A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq,...

    A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq, Member of the Senate of Pakistan

    The two sides discussed the bilateral relations, and the importance of advancing cooperation between the two parliaments

  • Sweden says it can’t fulfill Turkey’s demands for approving NATO membership

    Most of Turkey's demands have involved Sweden because of its more robust ties with the Kurdish diaspora.

    Sweden and Finland broke with decades of military non-alignment and applied to join the US-led defense alliance

    Turkey has refused to approve their bid until the two countries take steps, including joining Turkey's fight against banned Kurdish militants

  • UAE’s FNC participates in Asian Parliamentary Assembly meet

    ANTALYA, TURKEY - The UAE Parliamentary Division of the Federal National Council (FNC), participated in the meeting of the Standing...

    During the meeting, the report of APA's Secretary-General was presented.

    Draft decisions of the Political Affairs Committee were discussed and approved.

  • Egyptian court sentences Ukrainian to four years for smuggling

    Cairo, Egypt - A Cairo court has sentenced to life in prison a Ukrainian woman arrested at the Egyptian capital's airport...

    Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April.

    Balakina had confessed in court to "meeting an Egyptian abroad, who took advantage of her need for money".

  • QatarEnergy, Chevron Phillips to build $6 billion gas-to-plastics plant

    The Ras Laffan Petrochemicals Complex, which will produce 2.1 million tonnes of ethylene a year along with 1.7 million tons...

    QatarEnergy has a 70 percent equity share in the joint venture with Texas-based Chevron Phillips taking the other 30 percent.

    Ras Laffan will double Qatar's ethylene production capacity and increase its polymer output from 2.6 million tons to more than four million tons a year.