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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.
  • Ahead of food security meet, WTO chief ‘cautiously optimistic’

    The WTO is hoping to keep criticism of Russia's war in Ukraine to the first day of talks, when many...

    With its first ministerial meeting in years, the WTO faces pressure to finally eke out long-sought trade deals and show unity.

    EU's Valdis Dombrovskis said the bloc is "working hard with all the members to prepare a multilateral food security package".

  • Mahmud Abbas receives US delegation ahead of Biden visit

    Palestinian president Mahmud Abbas hosted Saturday a US delegation led by Assistant Secretary of State for Near Eastern Affairs Barbara...

    Mahmud Abbas requested again to remove the PLO from the US list of terrorist entities during the meeting

    The Palestinian president also requested that the PLO's office in Washington and the American consulate for east Jerusalem be reopened

  • Sudan talks put off as civilian bloc refuses to be part of process

    The second round of UN-facilitated talks aiming to resolve Sudan's political crisis following a military coup has been postponed, a...

    UN, AU and regional bloc IGAD launched "direct talks" to break the political stalemate in Sudan since last October's military takeover

    Military officials of Sudan, representatives of several political parties and senior members of ex-rebel groups attended the "direct talk' on Wednesday

  • Bahrain denies Amnesty claim that tuberculosis spreads in jails

    The Bahrain government on Saturday denied there were "active" cases of tuberculosis in its prisons after the Amnesty International rights...

    The Gulf state's health ministry said one case in quarantine for the past two weeks is now in "stable condition" but there are "no active tuberculosis cases" among prison inmates

    The World Health Organization says that tuberculosis kills 1.5 million people each year, making it the world's top infectious killer

  • WTO negotiators finalize key texts on fishing, Covid vaccines

    The WTO agreements on fisheries subsidies and a Covid vaccine patent waiver moved a step closer to completion Saturday after...

    World Trade Organization's first high-level meeting in five years where trade ministers and officials from 164 countries will meet

    The global trade body said a draft text on a deal banning subsidies favoring overfishing had been handed over to the ministers

  • Kuwait keen on supporting IFAD for progress, says official

    Kuwait is keen on supporting efforts by the International Fund for Agriculture Development to feed the poor and aid progress...

    Kuwait and Saudi Arabia had helped established IFAD in 1977

    IFAD's aim is to help impoverished and hunger-stricken regions in the world

  • Syria says major damage, runways unusable after Israel hits airport

    Syria has confirmed major damage including to runways at Damascus International Airport, which was closed for a second day Saturday...

    Damascus International Airport was closed for a second day Saturday for repairs

    Russia has condemned the attack against essential civilian infrastructure in Syria

  • OPEC Fund to provide US$40m loan to Kosovo for reforms

    The OPEC Fund for International Development will improve fiscal transparency, promote private sector development and enable environmental reforms

    The comprehensive plan will improve fiscal transparency, promote private sector development

    The plan will enable environmental reforms in the energy and waste management sectors

  • Clashes erupt in Tripoli after failed coup

    Clashes between armed groups erupted in Libya's capital on Friday night, according to local media, as the country reels from...

    The intense fighting involved two influential militias from western Libya, local media reported.

    After a 2011 revolt toppled the dictator Mouammar Kadhafi, political infighting has plagued oil-rich Libya

  • Iran, Venezuela ink 20-year deal on cooperation in Tehran

    Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and...

    The deal inked by Iran and Venezuela include energy, financial and defense

    From July 18 direct flights would operate between Caracas and Tehran

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