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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 presents national report on spent nuclear fuel to IAEA

    The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International...

    The national report describes the legislative and regulatory measures taken by the UAE to meet its obligations

    The report also addresses options in regards to spent fuel and radioactive waste management

  • Turkey seeks extradition of ‘terror suspects’ from Finland, Sweden

    Turkey said Wednesday it would seek the extradition of 33 "terror" suspects from Sweden and Finland under a deal that...

    Erdogan lifted his opposition to Sweden and Finland joining NATO after crunch talks ahead of Wednesday's NATO summit, in return for written security guarantees

    Turkey has hailed the agreement, saying Ankara had "got what it wanted"

  • Israel heads towards snap election, Lapid poised to be PM

    Israel's parliament is expected to dissolve Wednesday, ending Prime Minister Naftali Bennett's year-long tenure and triggering a fifth election in...

    Bennett's motley alliance formed in 2021 offered a reprieve from an unprecedented era of political gridlock, ending Netanyahu's record 12 consecutive years in power

    Lapid is expected to take office at midnight after parliament gives final approval to a dissolution bill, in accordance with the power-sharing deal he agreed with Bennett last June

  • Gulf boosts oil production amid global fuel crisis

    Saudi oil giant Aramco has built new refineries in Jazan to boost its production capacity to 400,000 barrels a day...

    Saudi oil giant Aramco has built new refineries in Jazan to boost its production capacity to 400,000 barrels a day

    Kuwait Oil Corporation is enlarging the capacity of Al-Zour refinery to 615,000 barrels a day, making it the world's largest facility to do so

  • Oman, Egypt to find ways to establish Joint Investment Fund

    In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields.

    In a joint statement, the two countries directed their respective competent authorities to discuss investment opportunities in various fields

    They also discussed investment opportunities in various fields, especially energy and renewable energy projects, industry, health and pharmaceutical industries

  • Iraq battles with outbreak of cholera as it causes first death

    A cholera outbreak in Iraq claimed its first victim Tuesday, with 17 new cases recorded in the country within 24...

    Earlier this month, outbreak was first officially reported with Kirkuk accounting for one of the 13 cases confirmed at that time

    The country's last broad cholera outbreak dates back to 2015, in which the central provinces of Baghdad and Babil was the worst affected

  • No concessions given to Turkey to support Finland, Sweden: US

    The United States said Tuesday that no concessions were given to Turkey to secure its green light for Swedish and...

    Turkey is an important NATO member in a strategically sensitive location, but it has had often tense relations with its European partners and Washington

    Biden, soon after Russian invaded Ukraine in February, "reached out" to Finland and Sweden "to begin discussions" about them joining the transatlantic alliance

  • Hamas publishes video of Israeli detained in Gaza

    Gaza's Islamist rulers Hamas on Tuesday published a video of an Israeli Arab detained for seven years in the Palestinian...

    Human Rights Watch, which has previously condemned his "unlawful detention", says he was seen entering Gaza by surveillance systems in April 2015

    In the video published by Hamas's armed wing the Al-Qassam Brigades, Sayed is seen lying on a bed and attached to a ventilator

  • Algeria jails Bouteflika-era energy minister for 20 years

    An Algerian appeals court on Tuesday upheld a 20-year prison sentence for corruption against Chakib Khelil, energy minister for a...

    Khelil, now 82, quit his post in 2010 and moved to the US after being associated with a scandal involving high-ranking Sonatrach officials who were later jailed

    He returned to Algeria in 2016 after the cases were dropped - then left again after Bouteflika's resignation in 2019 that sparked investigations into graft by his officials

  • US sanctions Russia’s defence sector, bans its gold import

    United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and...

    The sanctions target state company Rostec and other firms critical to the defense industry.

    The new moves blacklist 70 entities and 29 individuals, which freezes all the USA held assets.