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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.
  • Abu Dhabi Chamber and UAEIIC team up to boost investment

    Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council to collaborate in investment and futuristic economic sectors. According to the agreement, the Abu Dhabi Chamber and the Council will exert their best efforts to eliminate any obstacles that may...
  • Strong fraud detection boosts security of UAE banks

    "The UAE is well positioned to further strengthen its leadership in combating fraud, with continued investment in technology, training and collaboration. Besides, the National Cybersecurity Strategy contributes to enhancing the integrated system by implementing many initiatives," he adds.
  • Global oil industry needs $12trn investments by 2045

    Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over $500 billion each year to maintain a steady supply, Al Ghais said.
  • e&, Vodafone form relationship

    As per pact, e& is a cornerstone shareholder of Vodafone.
  • Arab Federation for Digital Economy signs deal with Union of Arab Chambers

    Abu Dhabi, UAE-- Designed to achieve a common Arab vision for the digital economy, the Arab Federation for Digital Economy and the Union of Arab Chambers signed a cooperation agreement at the Entrepreneurs Investment Summit, held in parallel with the Annual Investment Meeting 2023 (AIM) in Abu Dhabi. The agreement...
  • GCC considers unified visa system to boost tourism

    Ministerial-level talks are underway among the GCC nations to achieve a single visa agreement, says Bahrain's Tourism Minister Fatima Al Sairafi during an event in Dubai.
  • ‘UAE deals with around 50,000 cyberattacks daily’

    "These proactive efforts play a vital role in protecting the country's digital sphere and ensuring a secure environment for critical industries such as banking, finance, healthcare, and energy that are most frequently targeted," adds Al Kuwaiti while highlighting the importance of cybersecurity.
  • Book industry needs to focus more on sustainability

    She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International Booksellers Conference, which was organized by the Sharjah Book Authority and brought together over 400 booksellers and distributors from 69 countries.
  • AI key to global opportunities, practical solutions

    "Projections indicate that AI solutions are set to contribute an estimated $13 trillion to the global GDP by 2030, optimizing the industries of tomorrow and significantly improving the lives of billions of people," adds Dr. Al Jaber, who is also President-Designate of COP28 and the Chairman of MBZUAI.
  • Dubai Customs to collaborate with Global Innovation Institute to boost services

    Dubai, UAE--Dubai Customs has discussed with the Global Innovation Institute (GInI) how they can further enhance their customs services and boost returns on commercial operations. Dr. Hussam Jumaa, Director of Service Innovation at Dubai Customs, and Anthony Mills, the Executive Director of the Global GInI, discussed various initiatives to improve...
  • MBRSC, e& enterprise ink MoU

    MoU will be mutually beneficial to both organizations.
  • ‘AI, blockchain complementary, must be used responsibly’

    The responsible AI must enhance education, everyday life, and work, while blockchain protocols must be democratized in a decentralized society, says Dava Newman of MIT Media Lab.
  • UAE, Bahrain explore ways to boost collaboration in infrastructure, transport

    ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting with Bahrain's Minister of Works Ibrahim bin Hassan Al Hawaj at the MoEI headquarters in Dubai. They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors. Al...
  • Emirates and Air Canada sign MoU to boost cargo services

    Dubai, UAE-- Emirates SkyCargo and Air Canada Cargo have inked a Memorandum of Understanding (MoU) to provide additional benefits to its global air cargo clients. The MoU was signed at Emirates Headquarters in Dubai, UAE, by Nabil Sultan, Emirates Divisional Senior Vice President, Cargo, and Matthieu Casey, Managing Director Commercial,...
  • Abu Dhabi Department of Energy, Statistics Center sign data collaboration pact

    ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed a service-level agreement that allows collaboration between the two parties in the field of statistical integration. This is a part of a strategy to develop an advanced statistical ecosystem which...
  • EU gives US$131 million to WHO Universal Health Coverage Partnership

    GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate the achievement of universal health coverage. The letter of intent foresees an additional contribution from the European Union (EU) of US$131 million for the continuation of WHO's assistance to its...
  • Abu Dhabi inks MoU with African Union in public health

    ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease Control and Prevention (Africa CDC) to advance research and knowledge exchange and facilitate collaboration across key public health areas. The agreement was signed by Director-General of the ADPHC Matar Saeed...
  • GE, IRENA sign pact at COP27 to support energy security

    SHARM EL SHEIKH, EGYPT - GE (NYSE:GE) signed a framework agreement with the International Renewable Energy Agency (IRENA) to support both climate change and energy security. The agreement was signed by Francesco La Camera, Director-General of IRENA and Roger Martella, Chief Sustainability Officer of GE at the 27th Conference of...
  • UAE, Russia discuss ways to bolster medical collaboration

    DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...
  • Hub71, Yahsat partner to support satellite operations tech

    Hub71 and Yahsat are both supported by Mubadala investment company.
  • UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs

    The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050 to provide 100 percent of the energy production capacity from clean energy sources by 2050", adds Chairman Saeed Mohammed Al Tayer.
  • Shamma bint Sultan calls for collaboration on climate change

    Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the rapid escalation of the climate crisis in recent years, and UAE’s efforts to mitigate the effects through its Net Zero strategy.
  • UAE to deepen collaboration with India in education sector

    The UAE has agreed to deepen collaboration with India in the field of education, and in this regard the two countries have signed a Memorandum of Understanding (MoU) to "widen the scope of those engagement."
  • UBS partners with Qatar for green project in Gulf country

    Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in Qatar, encouraging investments in the energy storage, eco-transport, food security and environmentally sustainable technology venture capital sectors.
  • Ajlan signs deals worth $7bn

    Its collaboration with Malaysia will be in key sectors.
  • Jordan, GCC countries discuss higher education cooperation

    Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at the Jordanian Ministry of Higher Education and Scientific Research headquarters in Amman.
  • Nana ties up with Google Cloud

    The alliance will ensure home delivery in 15 minutes.
  • UAE to chair Committee on Peaceful Uses of Outer Space

    The UAE has been chosen to lead the Committee on The Peaceful Uses of Outer Space (COPOUS) out of 100 member states.
  • MBRSC and EGA look to collaborate in field of research

    Mohammed bin Rashid Space Centre and Emirates Global Aluminum (EGA) are looking to collaborate in research and the use of EGA's UAE-made aluminum in space.
  • DFM engages HSBC as General Clearing Member

    Dubai Financial Market (DFM) announced today that HSBC has become the first international General Clearing Member (GCM) to join the market, enabling the bank to provide clearing and settlement services to its customers worldwide and to other DFM trading members. The introduction of GCM service on DFM by HSBC is...
  • Saudi Fashion Commission, Chalhoub Group to explore opportunities

    The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector within Saudi Arabia.
  • UAE and Dutch export credit firms to bolster cooperation, facilitate halal trade

    Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart Atradius Dutch State Business (Atradius DSB) to boost the bilateral trade and economic relations between the UAE and the Netherlands. The bilateral meeting took place at ECI’s branch office in...
  • ADNOC to collaborate with Germany for clean hydrogen

    Abu Dhabi National Oil Company (ADNOC) has entered into a partnership with German counterparts to speed up collaboration in clean hydrogen.
  • UAE and New Zealand to collaborate in food security

    The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the UAE’s approach to advance multilateral and bilateral cooperation in the face of global challenges in a bid to build a sustainable future.
  • UAE and Spain to collaborate in 4IR, industry, aerospace

    The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across multiple sectors. The MoU aims to establish a framework that will facilitate and enhance...
  • Study to look at green hydrogen alliance between UAE, UK

    A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.
  • Israel Aerospace Industries to open office in UAE

    The new office will strengthen IAI's growing cooperation with the local and regional governments, industries, companies, and academia, and will provide additional business opportunities for future collaborations on technological developments in the defence and civilian sectors, said an IAI statement issued on Thursday.
  • DAFZA and Export Bahrain to collaborate for business

    Dubai Airport Freezone Authority (DAFZA) has signed a strategic cooperation agreement with Export Bahrain, establishing frameworks for technical collaboration.
  • QatarEnergy partners for UK project

    This is QatarEnergy and Shell’s first hydrogen agreement.
  • CBUAE, ADGM to cooperate in FinTech sector

    CBUAE and ADGM will collaborate on the development and growth of the FinTech ecosystem in the UAE.
  • IsDB’s insurance arm and IFPA sign agri-food pact

    DUBAI: To promote agri-food projects and investments, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, and the Islamic Food Processing Association (IFPA), signed an agreement on Saturday. The agreement will provide ICIEC and IFPA a general...
  • UAE, Philippines explore space sector collaboration

    To this end, the UAE Space Agency hosted the Philippines Ambassador to the country along with a virtual delegation from the Philippines Space Agency
  • Fujairah Chamber keen to foster ties with Iraqi businesses

    Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
  • Saudi Arabia invites more than 80 British companies for business

    The companies that attended the Saudi workshop were from fields including innovation, technology, space, research, and development.
  • WHO urges joint effort to provide vaccines, health supplies

      The WHO Council on the Economics of Health for All calls for joint effort to provide therapeutics, diagnostics, and other essential health supplies Calls for the re-imagining of health innovations to meet challenges The WHO Council on the Economics of Health for All has made an impassioned appeal to...
  • SCAD, ADIO sign deal to enhance Abu Dhabi’s statistical system

    The deal is expected to get the two entities to cooperate on exchanging data and promoting statistical collaboration It will also look to support the Abu Dhabi government’s pursuits to build a comprehensive and sustainable statistical system Decision-makers and policy-builders in Abu Dhabi may now look forward to better statistical...