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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.
  • Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City

    RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of the Prince Mohammed bin Salman Stadium, an iconic multi-use venue set to further enhance Qiddiya’s philosophy of the Power of Play.Upon opening, it is anticipated to host some of Saudi...
  • Five-member Israeli delegation makes first open visit to Saudi Arabia

    An Israeli delegation attended a UNESCO meeting in Riyadh, marking the country's first publicly announced visit to Saudi Arabia as speculation grows about a potential normalization of ties. The five-member delegation arrived, an Israeli official told AFP, for the meeting to update UNESCO's world heritage list of cultural and historic...
  • Kazakhstan keen to bolster joint investments with UAE: Razdykovich

    The Kazakh minister said his country hopes to benefit from the UAE's experience in tourism and development sectors as he affirmed Kazakhstan's objective to add more facilities and resorts to its tourist attractions. He noted how Astana, the capital, has become a suitable destination for investment, especially in the tourism,...
  • UAE consul general visits Albany to foster deeper economic, cultural ties

    Albany, New York-- The UAE has reiterated its resolve to strengthen economic and cultural ties with New York and the US as both countries seek to advance the transition to clean energy.The renewal of the commitment was made during a visit by Amna Binzaal Almheiri, UAE Consul General in New...
  • Art Dubai 2023 generates US$39m in economic impact, says new study

    DUBAI, UAE -  Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced that the five-day event, held on March 1-5 2023, has provided a direct economic impact of US$39 million (AED143 million) to the city.New figures revealed in the Economic Impact Study...
  • Business deals enhance GCC-China cultural ties

    Strengthening of political, economic and trade relations between China and the Gulf Cooperation Council countries during the past 15 years has also led to a cementing of cultural ties between the two powerhouses.
  • Saudi culture ministry provides training in UNESCO program

    Under its recently announced Experts Program, the Saudi Ministry of Culture has provided an intensive leadership training course for Man and The Biosphere (MAB), a UNESCO program.
  • UAE, Japan sign comprehensive strategic partnership pact

    Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the Prime Minister of Japan Fumio Kishida have signed the UAE-Japan comprehensive strategic partnership agreement.
  • Saudi Chambers, French group to cooperate in entertainment sector

    The Federation of Saudi Chambers, represented by the Saudi-French Business Council, will host a key French delegation representing the entertainment sector, on Monday. It is likely to discuss prospects of the Saudi-French cooperation in the entertainment sector and relevant fields and address means to enhance investments. This also includes commercial...
  • Expo 2020 achieves another milestone, records 20m visits

    Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits on Saturday, 19 March.
  • Bahrain and Egypt share solid relations: Fawzia bint Abdulla Zainal

    Bahrain and Egypt share solid long-standing brotherly relations, and there is steady progress in it due to their deep partnership and coordination in all fields, said speaker of Bahrain's Council of Representatives Fawzia bint Abdulla Zainal during his meeting with Speaker of the Egyptian House of Representatives, Chancellor Hanafy Ali...
  • Iran wants better relation with neighbors, says official

    Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework for this policy.
  • Dubai’s creative and cultural scene needs a wider reach: Sheikha Latifa

    Dubai Culture shall have its own official social media channels for updates on the creative and cultural sector in the city besides serving as a source of inspiring stories for the media. Also, more space and time needs to be given to news from the creative and cultural industries to...
  • Saudi Arabia to ally with global players to tap $20b cultural wealth

    Looking to tap into its pristine cultural wealth, Saudi Arabia is planning to partner with global players, including international museums, to generate about $20 billion in revenues, and create 100,000 jobs.
  • UNESCO, World Bank partner to enable cultural, creative activities in cities

    The creative economy is one of the fastest-growing sectors of the world economy Cultural, creative industries contribute annual global revenues of $2,250 billion  UNESCO and the World Bank have  for the first time launched a joint initiative to enable the cultural and creative industries in cities as part of their...
  • $2.25trn creative sector that employs 30m worldwide needs help: UN

    The creative and cultural industry needs more support as it has been of great service during the coronavirus pandemic.  The President of the General Assembly noted that culture offers an opportunity to address concerns over the impacts of COVID-19. The creative and cultural industry, which generates $2.25 trillion annually and...