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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.
  • MENA eyes key role in making world carbon neutral

    UAE and KSA are spearheading decarbonization efforts in Middle East by encouraging enterprises to minimize carbon footprint. Here are a...

    Since MENA countries are a significant global green hydrogen supply source, they may help other nations outside the region reach their carbon-neutral targets

    Trading carbon credits could cut the cost of implementing national contributions to combat climate change by more than half – up to US$250 billion by 2030

  • UAE sends three planes for relief of quake victims in Afghanistan

    The UAE has sent three planes carrying a 1,000 sqm field hospital, which includes 75 beds and two operating rooms...

    The UAE has sent three planes carrying a 1,000 sqm field hospital for the quake victims in Afghanistan

    The relief package include 75 beds and two operating rooms equipped with the latest medical supplies and devices

  • Tunisia seeks aid package as IMF team set to arrive

    The International Monetary Fund is sending a team to Tunisia next week to begin formal talks on a new financial...

    Tunisia is seeking a two-billion-euro loan, according to a source with knowledge of the preliminary talks.

    IMF said 'ready to begin the formal negotiations' but the Tunisian leaders need to implement "ambitious reforms" to deal with the crisis

  • Turkey raises minimum wage as inflation spirals out of control

    Turkey on Friday substantially raised the minimum wage for the second time in a year to cushion the blow from...

    Turkish currency has lost half its value against the dollar in the past 12 months, which has fueled price rises on imported goods

    Economists warn that substantially raising the pay of a large swathe of the population in Turkey is an inflationary measure

  • Ambitious action required to protect oceans: UN

    Oceans produce half the oxygen we breathe, regulate the weather and provide humanity's single largest source of protein.

    Oceans produce half the oxygen we breathe, regulate the weather and provide humanity's single largest source of protein

    Today, a patchwork of agreements and regulatory bodies govern shipping, fishing and mineral extraction from the sea bed

  • UAE-Indonesia CEPA to launch new era of strategic cooperation‎: Emirati ministers

    The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started,...

    The CEPA with Indonesia is the third of its kind to be signed by the UAE since the year started, following the ones signed with India and Israel in February and May, respectively

    The agreement aims to enhance the bilateral trade between the two countries and raise its total value from around US$3 billion in 2021 to US$10 billion annually within five years

  • Ukraine asks Turkey to detain Russian cargo ship

    Ukraine on Friday asked Turkey to detain a Russian-flagged cargo ship that Kyiv alleged had set off from a Kremlin-occupied...

    Kyiv's ambassador to Ankara said the ship had set sail from Ukraine's Kremlin-occupied port of Berdyansk

    The Marinetraffic.com website said the 140-metre general cargo vessel was sailing under the Russian flag

  • Libyan protesters storm parliament building in Tobruk

    Protesters stormed Libya's parliament building in the eastern city of Tobruk on Friday, demonstrating against deteriorating living conditions and political...

    While recognising "the right of citizens to demonstrate peacefully", parliament condemned "acts of vandalism and the burning" of its headquarters

    Two governments have been vying for power for months: one based in Tripoli, led by Dbeibah, and another headed by former interior minister Fathi Bashagha

  • UAE, Cyprus to strengthen relations in multiple sectors

    Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the...

    The two reviewed means to enhance cooperation to promote progress, prosperity.

    They also discussed various developments in the regional and international arenas.

  • Free trade pact with UAE will help Indonesia, says envoy

    The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a...

    The trade pact is expected to boost imports of petrochemicals from the UAE to Indonesia

    Indonesia imports around two million tonne of petrochemicals annually from the global market