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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

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Dubai ruler Sheikh Mohammed appoints two deputy rulers

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum
  • These appointments were made by Sheikh Mohammed in his capacity as Ruler of Dubai
  • Both officials will assume their new positions immediately, according to the Dubai Media office

Dubai, UAE – Sheikh Mohammed bin Rashid, the Vice President and Ruler of Dubai, on Friday,  appointed Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as First Deputy Ruler of Dubai and Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum as Second Deputy Ruler of Dubai.

These appointments were made by Sheikh Mohammed in his capacity as Ruler of Dubai and both officials will assume their new positions immediately, according to the Dubai Media office.

Sheikh Ahmed bin Mohammed currently serves as the Chairman of Dubai Media Council, while Sheikh Maktoum bin Mohammed holds the positions of UAE’s Deputy Prime Minister and Minister of Finance.