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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.
  • Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn

    The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and...

    Trade between Egypt and the kingdom leapt more than 62 percent last year compared with 2020, reaching $9.1 billion, according to official Egyptian figures.

    Egyptians working in Saudi Arabia are an important source of foreign currency, with transfers worth more than $11 billion in the 2020-2021 financial year.

  • Lebanon inks gas deal with Egypt to enhance power supply

    Lebanon's crumbling electricity sector has cost the country more than $40 billion since the end of its 1975-1990 civil war.

    Grappling with its worst-ever financial crisis, Lebanon launched talks with Egypt last year to import gas.

    Two years into Lebanon's economic meltdown, the state is struggling to purchase fuel for its power stations.

  • UAE, Israel export credit agencies to back Ghana healthcare project

    Etihad Credit Insurance (ECI) and Israel Export Insurance Corporation have entered into an agreement under which ECI will provide buyer’s...

    The project involves construction of four healthcare facilities in Ghana, including a general hospital in the country's largest port city, Tema.

    The agreement is related to the first Public-Private Partnership project between the UAE and Israel after the signing of the historic Abraham Accords in September 2020.

  • Jordan ranks 57, improves position in Global Peace Index

    Jordan strengthened its position on several security indicators, especially on the crime rates in society and the indicator of security...

    Jordan moved up for the third year in a row on the Global Peace Index in 2022 to be ranked third in the Arab world

    The Kingdom was ranked third among the countries in the MENA region, in 2021 it was fourth

  • Israeli interior minister visits Morocco as cooperation grows

    Israeli Interior Minister Ayelet Shaked arrived Monday in Morocco for a string of meetings with officials, a diplomatic source said,...

    Shaked’s visit came as Israel's Prime Minister Naftali Bennett and Foreign Minister Yair Lapid agreed to dissolve their fraught governing coalition

    Morocco had cut relations with Israel in 2000 following the outbreak of the second Palestinian intifada

  • Turkey holds to its stance, objects Finland, Sweden joining NATO

    Turkey on Monday said it did not view next week's NATO summit as a final deadline for resolving its objections...

    Ankara has also demanded the two countries lift their weapons freezes on Turkey

    Erdogan's foreign policy chief Ibrahim Kalin reported no breakthrough at the Brussels talks

  • Tunisia president receives draft constitution, month before referendum

    A legal expert charged with writing a new constitution presented a draft to Tunisian President Kais Saied Monday, less than...

    Sadeq Belaid, the legal expert appointed to head a committee drafting the new document, handed the draft to the president

    Saied this year consolidated his power grab by dissolving parliament, moving to rule by decree and seizing control of the judiciary

  • UN chief calls on Security Council to extend Syria cross-border aid

    UN Secretary-General Antonio Guterres on Monday called for the Security Council to extend its authorization of cross-border aid into northwest...

    Nearly 10,000 trucks loaded with humanitarian aid passed through Bab al-Hawa last year bound for the rebel-held Idlib region

    Russia has long called for the West to participate in Syria's reconstruction, but some members of the Security Council, most vocally France, have refused

  • Iraqi migrant in Britain fears Rwanda deportation

    Nearly a week ago, Iraqi Kurd Barham Hama Ali found himself in the unimaginable position of being aboard a deportation...

    The 25-year-old was among a handful of asylum seekers who were due to be the first of many sent from the United Kingdom under a controversial resettlement deal with Rwanda

    He was later transferred to Colnbrook migrant detention center, close to Heathrow Airport

  • Israeli coalition to dissolve parliament, force new elections

    Israel's Prime Minister Naftali Bennett said Monday his governing coalition will dissolve parliament next week, a shock announcement that will...

    The coalition of hawks, left-wingers and Arab Islamists temporarily ushered Israel out of an unprecedented era of political gridlock

    But after a series of defections that put the coalition on the brink of collapse, Bennett said he would support a bill to dissolve parliament next week