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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.
  • A probe shines light on global antiquities trafficking

    Ex-director of the Louvre in Paris, Jean-Luc Martinez, was charged over the purchase of a pink granite stele depicting the...

    Egyptian authorities say the number of illegal digs jumped massively in recent years to hit 8,960 in 2020.

    France has seen an uptick in looting from archaeological sites, said Xavier Delestre, who works for the regional cultural authorities based in Marseilles

  • OPEC to boost oil production as prices surge and EU bans Russian imports

    Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring...

    Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they have done since May 2021.

    OPEC+ drastically slashed output in 2020 as demand slumped when the world locked down under the coronavirus pandemic.

  • Yemen’s warring parties renew truce under earlier terms: UN

    Aid agencies and Western governments had urged the Yemeni government and Houthi rebels to extend the truce, which went into...

    On Wednesday, a Yemeni aircraft left Sanaa for Cairo on the first commercial flight between the two cities since 2016, the seventh such flight under the truce.

    Houthis have called on the government to pay the salaries of public sector employees working in areas under their control.

  • UAE, Kyrgyzstan deepening economic cooperation: Al Marri

    Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021.

    Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021

    The UAE accounts for 98 percent of Kyrgyzstan’s total trade with the Gulf Cooperation Council

  • Russian foreign minister hails OPEC+ agreements on Saudi visit

    European Union leaders agreed on Monday to ban more than two-thirds of Russian oil imports as part of the sixth...

    Moscow's OPEC+ removal would mean an early end to the pact and allow major crude nations such as Saudi Arabia to open the taps.

    Saudi Arabia, the world's largest oil exporter, is currently benefiting from high oil prices that soared after Moscow invaded Ukraine and the West slapped Moscow with sanctions.

  • Restrictions on single-use plastics begin in Abu Dhabi

    Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its...

    There are exemptions for medicine bags, bag rolls for produce in supermarkets, rubbish sacks and large brand name shopping bags.

    Dubai, one of the seven other emirates that make up the UAE, has also announced it is ending the free provision of single-use plastic bags.

  • Saudi Arabia, Jordan discuss ways to enhance maritime transport relations

    A joint panel of the two countries discuss the mechanism to develop and modernize previous agreements related to maritime transport.

    The two countries review the latest developments in the maritime transport sector and ports

    The Saudi-Jordanian Technical Committee for Maritime Transport is holding its third session in Aqaba

  • Russia warns of conflict with US over arms deliveries to Ukraine

    The planned delivery of new US weapons to Ukraine, including advanced missile systems, increases the risk of drawing the United...

    Both Ukraine and Russia already operate multiple-launch rockets systems, but the Himars has superior range and precision

    According to Ryabkov, the US is determined to "wage war (on Moscow) to the last Ukrainian in order to inflict, as they say, a strategic defeat on Russia"

  • US to send advanced rocket systems to Ukraine: Biden

    President Joe Biden has said the United States will send more advanced rocket systems to Ukraine, as Russian troops press...

    The battle for Severodonetsk has grown in intensity in recent days, with heavy casualties on both the Ukrainian and Russian sides

    The US is attempting to help Kyiv's war effort while not being seen as a direct belligerent

  • Palestinian woman with knife killed after approaching Israel soldier

    Israeli troops shot dead a Palestinian woman after she approached a soldier with a knife in the southern West Bank,...

    The Palestinian health ministry said the woman died from a bullet to her torso, identifying her as Ghofran Warasnah

    Israeli security forces have responded with raids inside Israel and the West Bank, particularly in the flashpoint northern district of Jenin

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