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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.
  • Morocco doles out aid to low-income families

    The launch comes a decade after the social benefits program was proposed, and as part of an overhaul of social services announced in 2020 by King Mohammed VI. Government aid so far has been indirect, with the state subsidizing some goods but not offering payments to low-income people.
  • Deadliest quake in decades kills over 2,000 in Morocco; rescue bid is on

    Following the devastating earthquake in Morocco on Saturday that killed more than 2,000 people so far, the UAE, Iran, Iraq, Jordan, Algeria and Israel along with several other countries offered condolences, support, and assistance. UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasized solidarity with Morocco and ordered critical relief...
  • Morocco claims Israel recognizes its sovereignty over Western Sahara

    Dubai, UAE--Morocco said that Israel has recognized its sovereignty over the disputed territory of Western Sahara and is mulling opening a consulate there, according to media reports.A statement from Morocco's Royal Palace said Israel's position was expressed in a letter to King Mohammed VI from Israeli Prime Minister, Benjamin Netanyahu.The...
  • Spanish PM in Morocco on visit to cement ties

    Spain's North African enclaves of Melilla and Ceuta - which both border Morocco - have long been magnets for people fleeing violence and poverty across Africa, seeking refuge via the continent's only land frontiers with the European Union. Sanchez said the sides also aimed to "completely normalise the passage of...
  • Morocco king discusses Western Sahara with UN chief

    The King of Morocco Mohammed VI has reaffirmed its position on the Western Sahara dispute to UN Secretary-General Antonio Guterres in a meeting in the Moroccan city of Fez. The king said the regional dispute should be settled "within the framework of sovereignty and territorial integrity of the kingdom."
  • Morocco king calls on allies to back country on W. Sahara

    King Mohammed VI asked allies to "clarify their stance" on the matter, without specifying which countries he was addressing, although he saluted the United States' "incontrovertible" position. The former US President Donald Trump recognized Morocco's sovereignty over the disputed former Spanish colony.
  • King of Morocco extends olive branch to Algeria

    Morocco's King Mohammed VI used an address on Saturday to "once again" reiterate his openness to restoring ties with Algeria, which broke off diplomatic relations with Rabat last year.
  • Morocco polls: ‘New model of development’ in focus

    King Mohammed VI will name a prime minister from the party that leads the parliamentary poll to govern for the next five years
  • Automotive sector leads Morocco exports

    Industry minister Elalamy says country capable of producing high-quality vehicles with a 60% content rate Automotive exports total nearly $9b in 2019 and nearly the same in 2020 despite Covid-19 pandemic  Automotive sector is Morocco's leading export sector and the country is capable of manufacturing high-quality vehicles with a content...