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TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

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.
  • WHO adopts landmark pandemic agreement after over 3 years of negotiations

    Geneva, Switzerland - The World Health Organization's member states on Tuesday adopted a landmark Pandemic Agreement on tackling future health crises, after more than three years of negotiations sparked by the shock of Covid-19. The accord aims to prevent the disjointed responses and international disarray that surrounded the Covid-19 pandemic...
  • WHO countries strike landmark agreement on tackling future pandemics

    Geneva, Switzerland -- Years of negotiations culminated early Wednesday with countries agreeing the text of a landmark accord on how to tackle future pandemics, aimed at avoiding the mistakes made during the Covid-19 crisis. After more than three years of talks and one last marathon session, weary delegates at the...
  • Accord reached ‘in principle’ over tackling future pandemics: negotiating body

    WHO members on Saturday reached agreement over how to tackle future pandemics after three years of discussions, the co-chair of the negotiating body told AFP.
  • Building an anticipatory governance strategy for an increasingly risky world

    Anticipatory governance is crucial in navigating today’s risks. While AI tools enhance forecasting, early warning does not always lead to early action. Bureaucratic inertia and political hesitation often delay responses. Governments, businesses, and NGOs must integrate risk intelligence into decision-making, ensuring proactive measures and resilience-building to prevent crises from escalating...
  • Oregon leverages coastal adventures and diverse landscapes to expand its tourism market

    Oregon's tourism strategy focuses on year-round visitation, sustainability, and regenerative travel, aiming to optimize economic impact while preserving natural beauty and cultural heritage, Travel Oregon CEO Todd Davidson tells TRENDS in an interview.
  • IMF chief urges countries to strengthen independence of central banks

    "Financial stability benefits the whole economy and reduces the risk that the central bank becomes reluctant to raise interest rates for fear of causing a financial meltdown," she added.
  • Man vaccinated for Covid 217 times shows no side effects

    Paris, France - A German man who deliberately got vaccinated for Covid-19 a whopping 217 times did not report any side effects from his many jabs, according to researchers studying possibly the "most vaccinated person in history".The immune system of the 62-year-old man from the central German city of Magdeburg --...
  • Rolls-Royce back into profit

    The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.
  • Qantas half-year profits slide

    Its net profit dropped 13.2% to US$570 million.
  • EDF’s net profit is $10.8bn

    EDF cut its large debt by increasing nuclear production.
  • Pfizer reports loss in Q4

    The drugmaker's revenues fell 41 percent to $14.2 billion.
  • GCC’s F&B packaging industry transforms post-COVID

    The F&B packaging industry in the region adapts to post-COVID consumer behaviors, emphasizing health, wellness, and sustainability, Abdelghany Eladib of SIG tells TRENDS.
  • US economy defy expectations to grow stronger in Q4 2023

    Washington, US - US economic growth was stronger than expected in the final months of 2023, government data showed Thursday, offering a boost to President Joe Biden as he starts his reelection campaign.The world's biggest economy expanded at an annual rate of 3.3 percent in the fourth quarter, fueled by a...
  • WHO chief warns pandemic accord hangs in the balance

    Shaken by the Covid-19 pandemic, the WHO's 194 member states decided more than two years ago to start negotiating an international accord aimed at ensuring countries are better equipped to deal with the next health catastrophe, or to prevent it altogether. The plan was to seal the agreement at the...
  • Air cargo demand up 8.3 percent in November 2023, says IATA

    GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the strongest year-on-year growth in roughly two years.This is partly due to weakness in November 2022, but also reflects a fourth consecutive month of strengthening demand for air cargo.Global demand for...
  • Resilient supply chains are essential to global trade: Expert

    DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some one billion people out of poverty, an expert has said.Yin Zou, the Executive Vice President of Corporate Development, DHL Group, wrote in the World Economic Forum that the COVID-19 pandemic...
  • WHO urges pandemic plans as ‘painful’ Covid ends

    Geneva, Switzerland - The head of the WHO said on Tuesday the world needs to properly prepare for future pandemics after finally ending three years of Covid "crisis, pain and loss."In his end-of-year message, World Health Organization director-general Tedros Adhanom Ghebreyesus said 2023 had marked a turning point in fighting major...
  • 250,000 people died in Europe due to air pollution, says agency

    Stockholm, Sweden - Fine particle pollution caused the deaths of over 250,000 people in the European Union in 2021, according to a report by the European Environment Agency (EEA) published on Friday.Fine particulate matter, or PM2.5, is a term for fine particulates that are typically the by-product of car exhausts or...
  • IMF upgrades China growth forecast to 5.4 percent in 2023

    Beijing, China - The International Monetary Fund on Tuesday raised its 2023 economic growth forecast for China, citing stronger consumption and recent policy measures announced by Beijing.After a tough year for the world's number-two economy, there have been flickers of life in recent weeks, with third-quarter expansion coming in more than...
  • Positive trial for Pfizer-BioNTech Covid-flu jab

    Berlin, Germany - Germany's BioNTech and US pharmaceutical giant Pfizer on Thursday announced "positive" results from initial trials of their combined mRNA vaccine against Covid-19 and influenza.Phase one and two trials of the vaccine had produced "robust immune responses" against both illnesses and showed a "safety profile consistent with the safety...
  • Inflation, war and high rates to decelerate trade in 2023, says WTO

    Geneva, Switzerland - Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said on Thursday.Strains in China's vast property market also prompted the WTO to cut its trade growth...
  • mRNA COVID vaccine experts awarded Nobel Medicine Prize

    Kariko, 68, and Weissman, 64, longstanding colleagues at the University of Pennsylvania in the US, have won a slew of awards for their research, including the prestigious Lasker Award in 2021, often seen as a precursor to the Nobel. In honoring the duo this year, the Nobel committee in Stockholm...
  • Global ambitions fuel Qatar’s investment momentum

    Qatar Investment Authority, with a diversified $450 billion portfolio across 60 countries, is adeptly poised to tackle global economic hurdles and seize expansion prospects.
  • Dubai’s realty builds on innovation and sustainability

    Dubai's skyline epitomizes modern development, with its appeal bolstered by strong property management and developers capitalizing on increasing sales.
  • Morocco king turns 60 as challenges abound in kingdom

    The monarch is credited with effectively maintaining stability in a volatile region -- in part through suppressing criticism -- as well as modernising the economy and pursuing assertive diplomacy. But his efforts have fallen short in addressing the profound inequalities that continue to plague Moroccan society.
  • Business travel in MEA likely to bounce back by 2024

    Business travel spending hit $23bn in 2022, nearing pre-pandemic levels as post-pandemic business trips get longer, supported by UAE's digital nomad and freelancer programs.
  • Covid cases up 80 percent globally as new subvariant rises

    The number of new COVID-19 cases reported worldwide rose by 80 percent in the last month, the World Health Organization said, days after designating a new "variant of interest". The WHO declared in May that Covid is no longer a global health emergency, but warned the virus will continue to...
  • China posts biggest fall in exports as global demand recedes

    The drop in exports was bigger than expected and the heaviest since a 17.2 percent plunge in January-February 2020, when the economy came to a standstill in the early weeks of the Covid-19 pandemic. Apart from a brief rebound in March and April, exports have been in constant decline since...
  • TCS Q1 profit at US$1.35bn

    Revenue from operations was US$7.2 billion.
  • Covid-19 has not gone away, kills 1,000 a week in Europe: WHO

    Copenhagen, Denmark - The World Health Organization's European office on Tuesday warned the risk of Covid-19 has not gone away, saying it was still responsible for nearly 1,000 deaths a week in the region.The global health body on May 5 announced that the Covid-19 pandemic was no longer deemed a "global...
  • Greeks head to polls with conservative premier favorite to win

    The 55-year-old Harvard graduate, who steered Greece from the coronavirus pandemic back to two consecutive years of strong growth, had already scored a thumping win in an election just a month ago. But having fallen short of five seats in parliament to be able to form a single-party government, Mitsotakis...
  • The hajj, one of the five pillars of Islam, will start on Sunday

    Mecca, Saudi Arabia - The annual hajj pilgrimage, one of the five pillars of Islam, will start on Sunday with more than two million Muslims from around the world expected to take part this year.It will be the largest pilgrimage since the coronavirus pandemic forced Saudi authorities to dramatically downsize...
  • End of COVID-19 emergency doesn’t end its threat

    “The threat of another variant emerging that causes new surges of disease and death remains, and the threat of another pathogen emerging with even deadlier potential remains,” he adds, underscoring the need for effective global mechanisms that address and respond to emergencies of all kinds.
  • WHO unveils network to minimize spread of infectious diseases

    The World Health Organization launched a global network to help swiftly detect the threat from infectious diseases, like COVID-19, and share the information to prevent their spread. The International Pathogen Surveillance Network (IPSN) will provide a platform for connecting countries and regions, improving systems for collecting and analyzing samples, the...
  • WEF meet to shed light on global economic transformation

    Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place between 27-29 June in Tianjin, China.The WEF meeting is happening when the global economy is going through the process of transformation. COVID-19 pandemic as well as fast-changing, macro-economic landscape are...
  • Maersk Q1 profit dips

    Its turnover fell by 36.6 percent to $9.9 in the Ocean division.
  • Pfizer Q1 profit at $5.5bn

    Profit fell on declining COVID-19 vaccine revenues.
  • Private sector sees 13% increase in Emirati workers

    More than 10,500 Emiratis have joined the private sector since the beginning of 2023, bringing the total number of Emiratis employed in the private sector to over 66,000.
  • UK aviation warns green shift to slow demand growth

    Sustainable Aviation urged the UK government to take "urgent" action to support investment in carbon-cutting innovations, pointing to the provision of significant US and EU subsidies and incentives. According to Monday's report, SAF could provide three-quarters of UK jet fuel by 2050.
  • Reforms help UAE, KSA lead M&A activities in MENA

    Local deals account for 51% of total M&A volume with technology sector at 25% as improved market conditions and pro-business reforms boost investor confidence in the region.
  • GCC insurance sector growth may slow down this year

    The expansion of infrastructure investment and medical insurance coverage will continue to drive premiums in 2023, albeit at a slower pace than in 2022, reports suggest.
  • UNCTAD rallying global action to assist 46 least developed countries

    UNCTAD’s Secretary-General Rebeca Grynspan and Deputy Secretary-General Pedro Manuel Moreno will lead the organization’s delegation to the fifth UN conference on LDCs (LDC5) taking place in Doha, Qatar from 5 to 9 March.
  • Boosting investment in health systems is essential, says OECD

    PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact of the COVID-19 pandemic on people and the global economy.Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, according to a new Organization...
  • Emergency phase of Covid not over as 170,000 die in two months

    In terms of monitoring how the virus is evolving, surveillance and genetic sequencing has dropped sharply, making it harder to track the myriad variants and detect new ones in good time.
  • Davos summit to pursue ‘cooperation in a fragmented world’

    "There's no doubt that our 53rd annual meeting in Davos will happen against the most complex geopolitical and geoeconomic backdrop in decades. So much is at stake," said Borge Brende, a former Norwegian foreign minister who is now president of the meeting.
  • Concern over China Covid surge ‘understandable’: WHO

    Hospitals across China have been overwhelmed by an explosion of infections following Beijing's decision to lift strict rules that had largely kept the virus at bay but tanked the economy and sparked widespread protests. China said this week it would end mandatory quarantine on arrival, prompting many Chinese to make...
  • WHO urges malaria funding boost as deaths stay stubbornly high

    The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. It warned that the world was currently "off track" to reach its goal of reducing malaria cases and deaths...
  • WHO member states agree to develop draft of pandemic accord in early 2023

    GENEVA, SWITZERLAND - Member states of the World Health Organisation (WHO) Thursday agreed to develop the first draft of a legally binding agreement designed to protect the world from future pandemics. This zero draft of the pandemic accord, rooted in the WHO Constitution, will be discussed by member states in...
  • China’s ‘iPhone city’ tightens Covid rules after violent protests

    The curbs in Zhengzhou are part of China's national zero-tolerance approach to Covid, which involves grueling lockdowns, travel restrictions and mass testing. However, nearly three years into the pandemic, Covid cases are now higher than they have ever been in China. There were 31,444 domestic cases on Wednesday, the National...
  • Disney sacks CEO Bob Chapek

    It has brought back former CEO Bob Iger to take back the reins.
  • Tencent Q3 revenue down 2 percent

    It is Tencent's second consecutive quarterly decline in revenue.