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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.
  • Turkey shows off drones at Azerbaijan air show

    Looping in the air at lightning speed, Turkish drones like those used against Russian forces in Ukraine draw cheers from...

    Turkey's TB2 drones are manufactured by aerospace company Baykar Defence, where Erdogan's son-in-law Selcuk Bayraktar is chief technology officer

    Turkey's drones first attracted attention in 2019 when they were used during the war in Libya to thwart an advance by rebel commander, General Khalifa Haftar

  • G7 nations to stop financing fossil fuel projects abroad by end 2022

    Japan Friday for the first time joined fellow members of the Group of Seven industrialised nations in pledging to end...

    Ending subsidies for the international fossil fuel energy sector was already part of a series of commitments agreed to by around 20 countries at COP26 climate summit in Glasgow.

    Six of the G7 club of rich nations were among the signatories at the time -- Britain, Canada, Germany, France, Italy and the United States -- but Japan had resisted until now.

  • Iran protestors demand justice as toll rises in building collapse

    Hundreds of people took to the streets in southwestern Iran demanding justice after a tower block collapse killed 24 people,...

    Images published by Fars news agency showed hundreds of residents marching along Abadan's streets on Thursday night

    Abadan governor Ehsan Abbaspour, cited by ISNA news agency, said the number of people killed in the disaster stood at 24, up from 19 previously

  • Probe concludes journalist killed in ‘war crime’ by Israeli soldiers

    An Al Jazeera journalist shot dead in the occupied West Bank earlier this month was murdered in a "war crime"...

    The Palestinian Authority (PA) and Al Jazeera have accused Israeli forces of killing Shireen Abu Akleh on May 11 when she was covering an Israeli operation in the West Bank

    The report said Abu Akleh was killed with a 5.56 millimetre armour piercing round fired from a Ruger Mini-14 rifle

  • UAE and India to expand ties in renewable power, sustainable finance

    India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total...

    The UAE and India agreed to expand bilateral cooperation towards accelerated climate action and implementation of the Paris agreement.

    The UAE’s cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy.

  • Saudi group at WEF calls for international cooperation

    A Saudi delegation said Wednesday that the transformation march launched by it a few years ago contributed to enhancing the...

    The delegation participated in a panel discussion entitled "Kingdom of Saudi Arabia: A Future Vision".

    It highlighted kingdom's role in supporting the region's stability within the framework of promoting development.

  • Tunisian president decrees Jul 25 referendum, critics warn of autocracy

    Tunisia will hold a constitutional referendum for a "new republic" on July 25, President Kais Saied has announced, in defiance...

    The vote will come exactly a year after Saied sacked the government and suspended parliament, moves his rivals called a coup.

    Saied has since held a widely boycotted public consultation on a new constitution.

  • Western powers sound alarm on China plan for South Pacific

    Western powers sounded the alarm Thursday over leaked plans to dramatically expand China's security and economic reach in the South...

    In a sign of the region's growing importance to Beijing, Chinese Foreign Minister Wang Yi landed in the Solomon Islands Thursday

    The package would offer 10 small island states millions of dollars in Chinese assistance, and prospect of a China-Pacific Islands free trade pact

  • One dead in ‘industrial accident’ near Iran military site

    One person has been killed in an "industrial accident" near an Iranian military complex that has previously come under scrutiny...

    The site came under renewed scrutiny by the International Atomic Energy Agency in 2015 when Tehran reached a landmark deal with major powers

    Iran had previously denied the IAEA access to Parchin, insisting it was a military site unrelated to any nuclear activities

  • China offers South Pacific nations security, free trade agreements

    The wide-ranging draft agreement and a 5-year plan will be the subject of discussion during Chinese Foreign Minister Wang Yi's...

    The wide-ranging draft agreement and a 5-year plan will be the subject of discussion during Chinese Foreign Minister Wang Yi's tour of Pacific nations

    The "comprehensive development vision" is believed to be up for approval when Wang meets regional foreign ministers on May 30 in Fiji

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