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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.
  • An output cut of one million barrels per day (bpd) was being discussed at OPEC+, sources said before the announcement. Credit: Pixabay

    UAE exports 31.3m barrels of crude oil to Japan in February

    Tokyo, Japan--The UAE exported 44.1 percent, namely 31.3 million barrels, of Japan's crude oil needs in February 2024, according to the Agency for Natural Resources and Energy in Tokyo. The agency, part of the Japanese Ministry of Economy, Trade and Industry, stated that the amount of crude that Japan imported...
  • Almost the entire world is experiencing record heatwaves

    Record heat is forecast around the world from the United States, where tens of millions are battling dangerously high temperatures, to Europe and Japan, in the latest example of the threat from global warming. The heatwaves come after EU's climate monitoring service said the world saw its hottest June on...
  • Dubai Customs and Japan’s consulate discuss expansion of trade ties

    Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries in a meeting in Dubai. The officials from the consulate expressed appreciation for Dubai Customs and its role in collaborating with international customs authorities and organizations to combat drug smuggling...
  • Jordan and Japan review economic, strategic relationship

    Amman, Jordan-- Jordan and Japan have discussed ways to boost economic cooperation and further strengthen strategic ties between the two countries. In this regard, Jordan's ministers of trade and international cooperation met on Wednesday in Amman with the Japanese minister of state for economy and industry for talks on economic...
  • OECD urges wealthy nations to prepare for ‘AI revolution’ impact

    Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday. The rapid development of artificial intelligence -- with tools that can generate essays, create images and even pass...
  • Israel ranks 5th healthiest country in the world

    Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries.  Singapore was rated as having the top service and state of health globally in 2023. Asia is well represented generally, with the four top places rounded off...
  • Dubai Customs, Japan seize drugs worth $310m from Tokyo port

    DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700 kilograms of "methamphetamine" powder, valued at approximately US$310 million, were concealed within a cargo ship originating from an Asian country and bound for Japan. The successful operation led to the...
  • New regulations aim to restrict greenwashing practices

    PARIS, FRANCE- Common standards unveiled on Monday for companies to report their greenhouse gas emissions could curb misleading climate claims in the corporate world, the chair of the body that wrote the norms told AFP. Currently, most large companies report how many tons of carbon they emit into the atmosphere each...
  • Japan fund to buy out JSR

    Japan Investment Corporation hopes to finalize the deal by December.
  • UAE discusses tourism with India, UK, Indonesia and Japan

    NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri met separately with the ministers of India, UK, Indonesia and Japan on the G20 Tourism Ministers' Meeting in Goa. Bin Touq met with Sandiaga Uno, Minister of Tourism and Creative...
  • Ghosn sues Nissan for $1 bn over ouster: Lebanese judicial official

    Ghosn, the former chairman and chief executive of the Renault-Nissan-Mitsubishi alliance, was arrested in Japan in November 2018 on suspicion of financial misconduct, before being sacked by Nissan's board in a unanimous decision.
  • Qatar signs 27-year gas supply deal with Chinese firm

    The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.
  • Mubadala-Proprium joint venture formed

    The joint venture will invest in Japanese multifamily property.
  • UAE and Japan discuss boosting economic, trade and industrial ties

    Tokyo, Japan-- The UAE and Japan are looking to bolster economic, trade, industrial and investment ties as part of a broader strategic partnership between the two countries. In this connection, the UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan met with Yoshimasa Hayashi, Minister for Foreign Affairs of Japan,...
  • UAE and Japan look to boost ‘strategic’ relations with focus on energy

    Tokyo, Japan-- The UAE and Japan have discussed ways to strengthen the strategic partnership with a sharp focus on the energy ties between the two countries. The discussion was held in a meeting between the UAE Foreign Minister Sheikh Abdullah bin Zayed and Japan's Prime Minister Fumio Kishida in Tokyo,...
  • Japan deal expands UAE’s defense relations with Asia

    The signing of the UAE-Japan defense cooperation agreement aims to promote transfer of technology, cooperative research, development, and production projects.
  • Biden denounces Republican demands on debt ceiling as ‘unacceptable’

    President Joe Biden slammed Republican demands in negotiations to resolve the US debt ceiling standoff as "unacceptable" but said a solution can still be found before a disastrous default. Biden said he would talk directly with Republican House Speaker Kevin McCarthy during his Air Force One flight back to Washington.
  • US debt ceiling issue keeps Biden, aides busy at G7

    President Joe Biden may be on the other side of the world but his political fight back home over the debt ceiling has followed him. Bruce Reed is the White House deputy chief of staff and he has trailed president, "updating POTUS on the status of the talks", as a...
  • G7 to focus on ‘responsible’ use of artificial intelligence

    The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year on "responsible" use of the technology. A working group will be set up to tackle issues from copyright to disinformation, the seven leading economies said in a communique during a...
  • After hitting Russia with new sanctions, G7 leaders visit Hiroshima memorial

    G7 leaders, including the heads of nuclear-armed Britain, France and the United States, arrived at the city's Peace Park to a sodden red carpet welcome from Prime Minister Fumio Kishida, who is from Hiroshima. The leaders were also scheduled to speak with survivors of the bomb, which killed some 140,000...
  • G7 to squeeze Russia, weigh risk of China’s ‘economic coercion’

    Japanese PM Fumio Kishida is hosting leaders from six other wealthy democracies in his hometown -- a city synonymous with nuclear destruction and now peppered with peace monuments. Leaders including US President Joe Biden will try over three days to forge a united front on Russia and China, where the...
  • G7 launching partnership scheme to diversify supply chains

    Niigata, Japan - The G7 plans to launch a partnership scheme to diversify supply chains this year, ministers from the group said Saturday following finance talks in Japan ahead of a major summit next week. The ministers did not directly mention efforts to reduce reliance on trade with China or Russia...
  • Toshiba profit down 35%

    Operating profit dropped 30.4% to 110.55 billion yen.
  • Nissan 2022 profit $1.6bn

    The company sold 3.16 million vehicles for the year to march 2023.
  • SoftBank Group logs $7.2bn loss

    The bank took hits across a range of start-up investments.
  • Japan, South Korea eye detente as North Korea threat looms

    Japan's Prime Minister Fumio Kishida said his "heart aches" for Koreans who suffered under colonialism, as Seoul and Tokyo seek a rapid reset of long-strained ties in the face of North Korean threats. Kishida was in Seoul on the first official bilateral visit by a Japanese leader to South Korea...
  • Egypt signs transport investment deal with Japan worth US$734mn

    Cairo, Egypt--Egypt has signed its biggest investment package with Japan aimed at supporting the North African country's transportation development plan. According to a statement released by Egypt's Cabinet, the agreement, worth 100 billion yen ($734 million), will be used to finance Cairo’s metro expansion, a 30-km stretch of land that...
  • Japan’s investment in Egypt soars, but bilateral trade contracts

    Cairo, Egypt-- Egypt's trade with Japan dropped 26.3 percent to US$1.1 billion in 2022, but the value of Japan's investments in the North African country shot up 98.7 percent to $73.7 million during the 2021-2022 period. According to the Central Agency for Public Mobilization and Statistics, Egypt exported goods worth...
  • Sony profit beats forecast

    The company reported record full-year sales of 11.5trn yen.
  • Japan targets 30 percent women executives at major firms by 2030

    Women represented only 11.4% of executives in major firms in Japan in 2022, according to a survey, although the figure has been rising. "We seek to have the ratio of women among executives at 30 percent or more in companies that are listed on the Tokyo Stock Exchange's Prime Market,"...
  • Australia sets in motion largest defense renovation in decades

    Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...
  • Collective action required for food security, says FAO

    MIYAZAKI, JAPAN  -  With hunger levels rising and food prices soaring in most of the world, collective actions are necessary for immediate and long-term global food security objectives, Food and Agriculture Organization (FAO) said on Sunday. Director-General of FAO Qu Dongyu made the remarks at the G7 Ministers of Agriculture...
  • UK to test new alert system on mobile phones

    LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of mobile phones set to emit a loud alarm and vibrate at 3:00pm (1400 GMT). The national system, modeled on similar schemes in Canada, Japan, the Netherlands and the United States,...
  • ADNOC, Japan sign deal to bolster low-carbon hydrogen value chain

    Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between the UAE and Japan. The signing of the deal was witnessed by the UAE’s Minister of Industry and Advanced Technology Sultan Al Jaber and Japan’s Minister of Economy, Trade and Industry NISHIMURA...
  • G7 vows ‘severe costs’ for those helping Russia in Ukraine

    After two days of talks in the bucolic Japanese mountain resort town Karuizawa, the top diplomats from leading economies unveiled no new sanctions on Moscow over its invasion but pledged to crack down on those helping Russia evade the measures and acquire weapons.
  • G7 climate ministers pledge to end plastic pollution by 2040

    A statement put out by G7 said the phase-out will be achieved by "promoting sustainable consumption and production of plastics, increasing their circularity in the economy, and environmentally sound management of waste". German Environment Minister Steffi Lemke hailed the bloc's new plastic pollution pledge as an "ambitious goal".
  • G7 starts ‘difficult’ climate talks on fossil fuel commitments

    Sapporo, Japan--G7 allies kicked off two days of "difficult" climate talks in northern Japan on Saturday, facing pressure to show progress on key fossil fuel commitments in an example to other major economies including China. Campaigners have warned climate and environment ministers from the group of developed countries against backsliding on...
  • Japan PM Fumio Kishida unhurt in ‘smoke bomb’, man detained

    Moments after a blast was heard in Wakayama, Japanese Prime Minister Fumio Kishida was evacuated from the spot, and he was unharmed in the incident, according to local media. Japanese television showed footage of a disturbance in a crowd gathered where Kishida was due to speak. A person was detained...
  • Fossil fuel pledges divide G7 in ‘critical decade’ for climate

    The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap global warming at well under two degrees Celsius. But they differ on how to respond to the energy squeeze caused by Russia's war in Ukraine, with host Japan among...
  • SoftBank to sell Alibaba stake

    It has sold more than US$7bn of its shares since early 2023.
  • Business confidence drops among Japan’s largest manufacturers

    Tokyo, Japan--Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. The Bank of Japan's closely watched quarterly Tankan survey is considered the broadest indicator of how Japanese businesses are faring. It reports the...
  • Japan plans export control measures for chip equipment

    TOKYO, JAPAN -  Japan on Friday unveiled planned export controls on 23 items used to make semiconductors, following US pressure for countries to restrict Chinese access to the technology. The move was immediately slammed by Beijing, which warned against moves that "politicize, instrumentalize and weaponize" trade. It comes as Tokyo confirmed...
  • Dubai World Cup: 129 horses compete for $30.5m prize money

    Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total of 78 international and 51 emirati horses compete for a prize money of $30.5 million. For the worldwide equestrian community, the Dubai World Cup represents the pinnacle of excellence not...
  • Toshiba accepts $15bn buyout bid

    The acceptance follows years of turmoil for the company.
  • Japan PM arrives in India to widen trade, technology ties

    New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and technology ties as well as shared concern about China. India and Japan along with the United States and Australia make up the Quad alliance, which positions itself as a bulwark...
  • Abu Dhabi-Japan Economic Council reviews growth in bilateral trade and investments

    TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further enhance partnerships and benefits from investments opportunities. Chairman of Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi and President of Japan Cooperation Center for the Middle East...
  • Abu Dhabi to host world’s largest autonomous racing league from 2024

    Abu Dhabi, UAE -- The United Arab Emirates capital, Abu Dhabi, will host the world's largest autonomous racing league, with the first race scheduled to take place in the last quarter of 2024. ASPIRE, the Technology Transition Arm of Abu Dhabi’s Advanced Technology Research Council (ATRC), announced the launch of...
  • UNSC unanimously adopts UAE, Japan resolutions on Afghanistan

    NEW YORK, US - The United Nations Security Council Friday unanimously adopted two resolutions tabled by the UAE and Japan about Afghanistan. The first resolution will extend the mandate of the United Nations Assistance Mission in Afghanistan (UNAMA) for an additional 12 months, enabling it to continue its work on...
  • UAE and Japan look to widen economic, trade, investment ties

    Tokyo, Japan--The UAE and Japan are looking to increase economic, trade and investment cooperation, and explore new economic opportunities of common interest. This came at the Abu Dhabi Business Forum, which was organised by the Abu Dhabi Department of Economic Development following the conclusion of the 9th session of the...
  • Trafigura to receive $135m loan

    The loan will support Trafigura's procurement from the UAE.
  • Japan allots US$1.6bn to contentious Australia hydrogen project

    In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund, which will be used to design and build facilities to liquefy and ship hydrogen from Australia's Victoria to Japan. The project aims to produce and liquefy hydrogen from a type...