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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.
  • Jordan, Japan ink pact to build AI ecosystem in Jordan

    The two parties agreed on the general framework of the project in addition to a draft record of discussions and...

    The two parties agreed on the general framework of the project in addition to a draft record of discussions and the structure of the initial implementation

    The pact is in line with the objectives of the Jordanian Artificial Intelligence Policy seeks to adapt, deal and harness AI to serve the Jordanian economy

  • Algeria marks 60 years of independence from France

    The North African country won its independence following a gruelling eight-year war, which ended with the signing in March 1962...

    The North African country won its independence following a gruelling eight-year war, which ended with the signing in March 1962 of the Evian Accords

    On July 5 of the same year, days after 99.72 percent voted for independence in a referendum, Algeria finally broke free from colonial rule

  • Iran orders complete shutdown as sandstorm hits Tehran

    In April, Tehran's Air Quality Control Society said dust clouds originated from "countries to the west of Iran".

    While the region has always been battered by sandstorms, dust clouds have become more frequent and intense in recent years.

    The trend is linked to climate change and associated with overgrazing and deforestation, as well as the overuse of river water.

  • CEPA with India, Israel, Indonesia to help UAE economic growth

    The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the...

    Comprehensive economic partnership agreements to help UAE's economy's growth by 2.6 percent by 2030

    The UAE is holding talks with several other countries for signing similar agreements

  • Israeli fire likely killed Abu Akleh but it may not be intentional: US

    Palestinians reject the findings. A senior Palestinian Authority official said "we will not allow attempts to conceal the truth or...

    Ballistic experts determined the bullet was badly damaged, which prevented a clear conclusion, said State Department spokesman Ned Price.

    A New York Times investigation found that the bullet was fired from near the location of an Israeli military convoy, likely by a soldier from an elite unit.

  • Libya protests planned over power cuts, political deadlock

    Libyans angered by rising prices, chronic power cuts and political deadlock planned further demonstrations Monday after a night of angry...

    Masked youths set alight car tires and blocked roads including a major coastal highway between central Tripoli and its western suburbs, but security forces did not intervene.

    Public anger has been fueled by power cuts that often last 18 hours amid soaring summer temperatures, despite Libya sitting on Africa's largest oil reserves.

  • ‘Displaced in Iraq to return to their homes by end of 2023’

    The UNDP confirmed the implementation of 3,800 projects in five liberated Iraqi governorates and said that it is helping five...

    The UNDP said five million internally displaced persons in Iraq will be sent back to their areas

    The organization said 3,800 projects are being implemented in five liberated Iraqi governorates

  • Bezos flays US President for call to lower gasoline prices

    Amazon founder Jeff Bezos has criticized President Joe Biden for calling on oil companies to lower sky-high gasoline prices, prompting...

    Soaring gasoline prices in US are sapping Biden's approval rating ahead of legislative elections

    White House Press Secretary said on Sunday that oil prices have dropped about $15 a barrel over the past month

  • Weathering sandstorms, Iraqis grit teeth and battle on

    Another sandstorm has darkened Iraqi skies and it's hard to breathe, but Baghdad motorcycle delivery rider Milad Mitti doesn't have...

    Iraq, still recovering from decades of war, is now facing new environment challenges on an unprecedented scale

    Most Iraqis never bothered with face masks when the Covid pandemic was in full swing, but they do now

  • Israel to examine bullet that killed Al Jazeera journalist

    Israel is to conduct a ballistics test on the bullet that killed Al Jazeera journalist Shireen Abu Akleh, the Israeli...

    Army spokesman Ran Kochav's comment on army radio came after the PA gave the green light for the Americans, but not the Israelis, to examine the bullet

    Investigations by the UN, as well as several journalistic probes, have found that the shot that killed Abu Akleh was fired by Israeli forces