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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.
  • Russia vetoes UN push to renew cross-border aid to Syria

    Russia on Friday vetoed a UN Security Council resolution that would have extended cross-border aid to Syria by one year...

    The aid is a lifeline for more than 2.4 million people in the northwestern Idlib region of Syria

    British ambassador Barbara Woodward said Moscow veto will have a tragic impact.

  • Blinken meets China FM, seeks ‘constructive’ talks

    US Secretary of State Antony Blinken and Chinese Foreign Minister Wang Yi voiced hopes of working together as they opened...

    Wang said that President Xi Jinping believed in cooperation as well as "mutual respect" between the world's two largest economic powers

    The meeting between the two, who were on the palm-fringed island for Group of 20 talks, is their first since October

  • Growth in focus as UAE signs CEPAs with key nations

    Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel. Trade deal...

    Since February this year, the Gulf country has inked Comprehensive Economic Partnership Agreements with India, Indonesia and Israel.

    This month, the country will sign its fourth CEPA with Colombia and is in negotiations with Turkey and several African and East Asian countries

  • Billions rely on wild species for food, fuel, income: UN

    Overall, 50,000 species are used for food, energy, medicine, material and other purposes around the world, with more than 10,000...

    Wild plants, algae and fungi provide food and income for one in five people globally, the report said, while some 2.4 billion people rely on wood for cooking.

    Illicit trade in wild species is estimated to be worth between $69 billion and $199 billion a year, the third largest illegal market after human trafficking and drugs.

  • UAE takes part in G20 Foreign Ministers’ meeting in Indonesia

    UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...

    The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity

    Such meetings help in promoting international cooperation to achieve sustainable development goals

  • World food prices fell in June but remain very high: FAO

    World food prices, including for wheat, fell in June for a third month running despite remaining near an all-time high,...

    Export flow disruptions resulting from Russia's invasion of Ukraine on February 24 and international sanctions on Moscow have sparked fears of a global hunger crisis.

    After a record spike in March due to the war, the FAO food price index -- a measure of the monthly change in international prices of a basket of food commodities -- fell 2.3%.

  • Asian stocks up as recession fears ease, yen rises after Abe shooting

    The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign...

    The safe-haven yen also picked up following news of Japan's former prime minister Shinzo Abe being shot during a campaign rally

    Equities were also boosted by reports that Beijing was considering a huge stimulus push to the struggling economy

  • German lawmakers recognize the 2014 Yazidi ‘genocide’

    Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS.

    Germany, home to a large Yazidi diaspora, is one of the few countries to have taken legal action against IS

    Last November, a German court convicted an Iraqi of genocide against the Yazidi minority, a first in the world

  • Major Tunisia party urges boycott of constitution vote

    Tunisia's Ennahdha party urged its supporters on Thursday to boycott a July 25 referendum on President Kais Saied's new constitution,...

    The constitution, the centerpiece of Saied's drive to remake the Tunisian political system, sparked instant criticism for the nearly unlimited power it gives the president

    The legal expert who headed a committee to draw up the new charter said the final text published by Saied had nothing to do with the text they drafted

  • Former Japan PM Shinzo Abe assassinated by gunman

    The murder of the 67-year-old, who had been Japan's longest-serving leader, stunned the nation and prompted an international outpouring of...

    A doctor said Abe had suffered two gunshot wounds to the neck and died of massive blood loss, despite being administered enormous transfusions.

    The assassin has been identified as 41-year-old Tetsuya Yamagami, with many media outlets describing him as a former member of the Maritime Self-Defense Force, the country's navy.