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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.
  • Tunisia ex-PM Hamadi Jebali arrested: lawyer

    Tunisian police on Thursday arrested former prime minister Hamadi Jebali, an ex-senior figure in the Ennahdha party which is the...

    The arrest comes with Saied's opponents fearing a slide back to the authoritarianism seen under long-time dictator Zine El Abidine Ben Ali

    Jebali led the Tunisian government from December 2011, a year after the start of the country's revolution, until his resignation in early 2013

  • UN warns Internet shutdowns can have deadly consequences

    Many governments refuse to acknowledge that they ordered any interference in communications, and sometimes put pressure on telecommunications companies to...

    The UN said "the dramatic real-life effects of shutdowns on the lives and human rights of millions of people are vastly underappreciated".

    The #KeepItOn coalition, which monitors shutdown episodes across the world, documented 931 internet shutdowns between 2016 and 2021.

  • UAE keen to create sustainable food systems in GCC: Minister

    Mariam bint Mohammed Almheiri, UAE’s Minister of Climate Change and the Environment, has said UAE is keen to enhance efforts...

    Mariam bint Mohammed Almheiri was speaking at the 32nd Meeting of the GCC Agricultural Cooperation Committee.

    Participants at the meeting also discussed nontariff barriers and the GCC’s cooperation with Jordan and Morocco.

  • Najib Mikati picked to form new Lebanon government

    The 66-year-old billionaire, who had been widely expected to keep his job, secured 54 votes during parliamentary consultations, giving him...

    President Michel Aoun asked him to form a new government, a task analysts fear could take weeks, if not months, despite the economic emergency facing the country.

    His nearest rival for the post of prime minister-designate was former ambassador to the United Nations Nawaf Salam, who only received 25 votes.

  • Tunisia trade unions chief rejects IMF conditions for bailout loan

    The head of Tunisia's powerful UGTT trade union confederation on Thursday rejected conditions set by the International Monetary Fund for...

    IMF's regional chief Jihad Azour has said Tunisia "needs to urgently tackle its fiscal imbalances", replace generalized subsidies with transfers targeting the poor.

    But Noureddine Taboubi, head of powerful UGTT trade union confederation, rejected "the painful options they're talking about".

  • Kuwait dissolves parliament and heads to elect new government

    Kuwait's crown prince announced Wednesday the dissolution of parliament and called for new elections amid escalating disputes between the legislative...

    The cabinet, the fourth to be formed in two years, resigned in April, three months after it was sworn in, but continued to act in a caretaker capacity

    Oil-rich Kuwait has been shaken by disputes between lawmakers and successive governments dominated by the ruling Al-Sabah family for more than a decade

  • G7 summit to inflict more pain on Russia over Ukraine invasion

    Leaders at the upcoming G7 summit in Germany will announce new measures aimed at pressuring Russia over its invasion of...

    The club of wealthy democracies is at the heart of a fierce economic and diplomatic campaign to punish Russia

    After attending the G7 summit, Biden will fly to Madrid for a summit of the NATO military alliance

  • US president faces historic leadership task in Europe

    Leader of the free world sounds like a superhero character, but the Joe Biden heading this week to twin European...

    Biden will tout the success of a monumental effort to rally the West and breathe new life into NATO

    Biden refers to his presidency as an inflection point in a battle for the survival of Western democracy against the likes of Russian President Putin

  • Earthquake destroys more than 2,000 homes in Afghanistan

    An estimated 2,000 homes have been destroyed by the deadly earthquake in Afghanistan, and a lack of machinery is hampering...

    "We believe that nearly 2,000 homes are destroyed," the UN's humanitarian coordinator for Afghanistan Ramiz Alakbarov told reporters

    Even before the Taliban takeover, Afghanistan's emergency response teams were stretched to deal with the natural disasters that frequently struck the country

  • Israel to reinstate increase in entry permits for Gaza workers

    Israel on Wednesday said it was reinstating an increase in entry permits for Palestinian workers from the blockaded Gaza Strip,...

    COGAT said decision regarding entry through Gaza Strip would take effect in coming days "provided that the security situation in the area remains quiet"

    Earlier, Israel suspended entry permits for Palestinian workers from Gaza in response of the rocket fire from the Palestinian enclave to Jewish state