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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.
  • Algeria president sacks finance minister after 4 months in job

    The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in...

    The president "on Tuesday signed a decree ending the functions of Minister of Finance Abderrahmane Raouya," the presidency said in a statement

    Raouya's sacking comes less than a month after Tebboune laid off central bank chief Rostom Fadli, in office for less than two years

  • Biden signals US-Saudi thaw with prince meeting on Mideast trip

    US President Joe Biden will meet with Saudi Arabian Crown Prince Mohammed bin Salman next month. The White House ended weeks...

    Biden is expected to press for increased Saudi oil production, in the hope of taming spiraling fuel costs at home

    US inflation is at 8.6 percent, the highest rate in 40 years, with high fuel costs largely to blame.

  • Arab League calls for efforts to counter global economic crisis

    The Arab League says the world is facing challenges from political, economic crises and armed conflicts and that unified efforts...

    Arab League says unified efforts are needed among countries in the region to confront challenges facing the global economy

    The League says the world is facing a massive challenge from political, economic crises and armed conflicts

  • Lebanon makes new maritime border offer to US mediator: Official

    Lebanon Tuesday made a new offer to a visiting US mediator over a maritime border deal with Israel, holding back...

    Lebanon held back on demands for territory where Israel plans to imminently extract gas, an official said.

    Beirut's proposal however included a claim for all of a separate field that it had initially only sought part of.

  • Biden to visit Middle East from July 13-16; meet Saudi crown prince

    US President Joe Biden will make history next month with a direct flight between Israel and Saudi Arabia where he...

    Biden is likely to secure a boost in Saudi oil production, in an attempt to tame spiralling fuel costs and inflation at home

    The US president will engage with nearly a dozen leaders during the brief yet intense journey, says a senior official

  • Sharjah, Costa Rica strengthen economic, cultural relations

    Sharjah is building on the long-standing historical ties the emirate shares with Costa Rica to bolster and deepen diplomatic and...

    The strong relations between Sharjah and Costa Rica are serving as a base for enhancing economic cooperation

    The two sides can benefit through the mutual exchange of expertise in industries, culture, science, technology and economy

  • UN raises $5m to prevent oil spill disaster in Red Sea

    The United Nations is launching a crowd-funding campaign for an operation intended to prevent an aging Yemeni oil tanker from...

    An operation to transfer its 1.1 million barrels of oil to a different vessel could begin next month, according to a website for the crowd-funding campaign

    The 45-year-old oil tanker FSO Safer is in "imminent" danger of breaking up as it has not been serviced since Yemen's civil war

  • Turkey constructs Black Sea pipeline to pump natural gas

    Turkey's president hailed on Monday the start of the construction of an underwater pipeline to tap a Black Sea natural...

    Sakarya gas field of Turkey could produce 10 million cubic meters by the first quarter of 2023, Erdogan said

    He described it as "the largest natural gas field in Turkey's history", citing estimated reserves of 320 billion cubic meters

  • UN urges WTO to not restrict food export for humanitarian purposes

    The United Nations on Monday begged world trade ministers meeting at the WTO not to impose export restrictions on food...

    Countries meeting at the WTO's ministerial conference in Geneva this week are trying to reach a consensus position on food security

    Russia's invasion has heightened concerns for global food security as Ukraine's Black Sea ports are blocked

  • Argentina holds passports of plane’s crew linking with Iranian Guards

    Five Iranian crew of a cargo plane grounded in Argentina since last week have had their passports temporarily seized pending...

    The Revolutionary Guards, Iran's ideological army, is on a US blacklist of foreign "terrorist organizations."

    Iran said Monday Argentina's move was part of a "propaganda" campaign against Tehran amid tensions with Western countries

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