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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.
  • World powers condemn deadly Gaza air strike on aid workers

    World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli strike" on Monday killed Australian, British, Palestinian, Polish and US-Canadian staff. US Secretary of State Antony Blinken urged a "swift, impartial investigation" into the airstrike and said Israel needed to...
  • French President says change in existing world order would weaken West, Europe

    PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President Emmanuel Macron said at the annual conference of his country’s ambassadors here. “The situation on the international arena is becoming more complicated, which is fraught with the risk of the...
  • Boon or blight? E-scooters around the world

    The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide will be banned in the French capital on Sept 1.
  • The fight over a ‘dangerous’ ideology shaping AI debate

    Paris, France - Silicon Valley's favorite philosophy, longtermism, has helped to frame the debate on artificial intelligence around the idea of human extinction. But increasingly vocal critics are warning that the philosophy is dangerous, and the obsession with extinction distracts from real problems associated with AI like data theft and biased...
  • Iran president meets diplomat freed by Belgium in prisoner swap case

    TEHRAN, IRAN - Iranian President Ebrahim Raisi has met with diplomat Assadollah Assadi, recently freed by Belgium in a high-profile prisoner swap case in May, the presidency site said on Saturday. "The claimants of human rights have shown once again that they do not adhere to any law," Raisi said in...
  • IEA predicts record oil demand of 2.2m barrel a day in 2023

    PARIS, FRANCE - The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs". World oil demand already hit a record 103 million barrels per day in June and August and "could see yet another peak", the...
  • 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...
  • French footballer Maximin to play for Al-Ahli after three-year deal

    Paris, France - French winger Allan Saint-Maximin on Sunday signed a three-year deal with Saudi Arabia's Al-Ahli after leaving English club Newcastle as the cash-rich and ambitious Gulf kingdom's league snared another top-level player. "We pick the best, and he's one of them," Al-Ahli said on social media. The financial terms...
  • Turkey, Italy seek joint hosting of Euro cup 2032, says UEFA

    Paris, France - Italy and Turkey have asked to jointly host the 2032 European Championship, UEFA announced on Friday. European football's governing body said it had "received a request" from the Italian (FIGC) and Turkish (TFF) football federations "to merge their individual bids into one joint bid". In 2021, UEFA initiated...
  • UAE emissions plan ‘insufficient’, say climate groups

    PARIS, FRANCE - New carbon-cutting plans by this year's UN climate talks host the UAE were branded "insufficient" by an analysis on Thursday that hit out at the oil-rich nation for allegedly undermining its own targets with plans to increase fossil fuel production. The UAE, which will host the COP28 United...
  • Most world stock markets advance as US inflation data looms

    London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data. London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks. Frankfurt and Paris also advanced before...
  • OECD says sizeable progress made on sharing tax revenue on multinationals

    Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational firms, the Organization for Economic Co-operation and Development said. Some 138 countries, which account for over 90 percent of global economic output, agreed on a first draft of a convention...
  • 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...
  • Meta loses more: Zuckerberg takes threads fight to European Union

    Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon Elon Musk, has added more than 100 million users in its first week in app stores.
  • ‘Greenhouse gas emissions from agriculture likely to rise by 7.5% in next decade’

    PARIS, FRANCE - Greenhouse gas emissions from agriculture are expected to increase by 7.5 percent in the next decade, said a report by the Food and Agriculture Organization (FAO) and the Organization for Economic Co-operation and Development (OECD). The projected greenhouse gas emissions are just less than half the projected...
  • COP28 chair Sultan Al Jaber urges energy firms to cut emissions

    Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decarbonize its operations and take collective action to eliminate operational emissions".
  • World saw hottest June on record, Tuesday hottest day ever

    Petteri Taalas, secretary-general of the UN's World Meteorological Organization, warned on Monday that El Nino "will greatly increase the likelihood of breaking temperature records and triggering more extreme heat in many parts of the world and in the ocean."
  • Twitter undergoes complex changes as Meta all set to unveil rival app

    PARIS, FRANCE- Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and he is facing a new challenge as tech nemesis Mark Zuckerberg prepares to launch a rival app this week. Zuckerberg's Meta group, which owns Facebook, has listed a new app...
  • Twitter restricts ‘TweetDeck’ to verified users from August

    Paris, France - Twitter has announced that TweetDeck, a popular program that allows users to monitor several accounts at once, will be available only to "verified" users from next month. The social media firm, bought by billionaire Elon Musk last year, has been thrashing around for ways to make a profit,...
  • France seeks answers as Macron declares riots ‘peak’ passed

    At a meeting of more than 300 mayors, whose municipalities suffered damages, Macron said, "Is it a permanent return to calm? I will be cautious, but the peak that we've seen in previous days has passed." "We all want a lasting, republican order," he said.
  • Hundreds more arrested in fifth night of French rioting

    Protesters, mostly minors, have torched cars, damaged infrastructure and clashed with police in an outpouring of rage since an officer shot Nahel M. point blank as he attempted to flee a traffic stop on Tuesday. The killing was captured on video, which spread on social media and fueled anger over...
  • Macron adjourns Germany visit over riots in France

    President Emmanuel Macron informed Berlin he was postponing a state visit to deal with the urban rioting that has rocked France for the last four nights, as the 17-year-old whose killing by police sparked the protests was laid to rest. Police arrested 1,311 people overnight, the highest figure since the...
  • Violence and looting rage in France after police shot teenager

    Nanterre, France--Sporadic violence and looting hit several cities across France in a fourth night of protests after the fatal police shooting of a teenager, but it was much less intense than previously, authorities said early Saturday. France deployed 45,000 officers backed by light armored vehicles, while crack police units and other...
  • France, UAE share vision to shift towards clean energy

    PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision of accelerating the shift to green energy to tackle the growing threats posed by climate change. The two countries are working together on low-carbon energy solutions, he said,  expressing his...
  • French president announces measures to quell riots

    French President Emmanuel Macron announced measures including more police and urged parents to keep minors off the streets as he battled to contain nightly riots over a teenager's fatal shooting by an officer. There had been "unacceptable exploitation of a death of an adolescent" in some quarters to justify the...
  • UNESCO-Sharjah Prize for Arab Culture honors winners in Paris

    Paris, France-- The19th UNESCO-Sharjah Prize for Arab Culture was awarded to Kassem Istanbouli, Lebanese actor-director, and Hajer Ben Boubaker, French researcher and sound director, at UNESCO Headquarters in Paris on June 26, 2023. The event, organized by the Sharjah Department of Culture in collaboration with UNESCO, celebrated the achievements of...
  • Kuwait, France discuss bilateral ties, cooperation on regional, global issues

    Paris, France - Kuwait and France discuss bilateral relationship and cooperation on regional and global issues of shared interests on Tuesday.  The discussions took place during the meetings between the visiting Kuwaiti Minister of Foreign Affairs, Sheikh Salem Abdullah Al-Jaber Al-Sabah, and the French Minister for Europe and Foreign Affairs Catherine...
  • Over 6,500 arrests after cracking crime chat network, says Europol

    PARIS, FRANCE -  More than 6,500 people have been arrested following the 2020 dismantling of EncroChat, an encrypted communications tool used by organized crime, Europol said on Tuesday. Close to 200 of the arrests were of "high-value targets", said the organization that assists EU members in international investigations, adding that nearly...
  • 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...
  • Airlines face trouble in Europe over greenwashing charges

    PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17 companies of greenwashing, the practice of making misleading climate-related claims. The European Consumer Organization, or BEUC, said Thursday the claims made by the airlines breach EU rules on unfair commercial...
  • French advanced ship to search for missing submersible

    The Atalante has begun using its multibeam echo sounder to create a map of the nearby seabed to "allow Victor 6000 to have a more efficient dive," an IFREMER spokesperson told AFP.
  • UAE and France to deepen partnership in several sectors

    Dubai, UAE-- The UAE and France have reiterated their commitment to widening cooperation in important fields and sectors. The resolve was renewed at the 15th session of the UAE-France Strategic Dialogue held in Paris. The two countries discussed the status of the strategic bilateral investment partnerships, which were signed in...
  • Riyadh faces Rome and Busan in race to host World Expo 2030

    Paris. France -- The candidature of Saudi Arabia (for Riyadh), South Korea (Busan) and Italy (Rome) for World Expo 2030 would be decided in an election in November this year, the Bureau International des Expositions (BIE) said on Tuesday. At the 172nd General Assembly of the BIE on Tuesday, Member...
  • Exiled Iranian opposition outraged after Paris police block proposed rally

    PARIS, FRANCE -  A major exiled Iranian opposition group on Tuesday expressed fury after Paris police refused to grant permission for a major rally next month, on the grounds it risked creating tensions and being the target of an attack. The National Council of Resistance of Iran (NCRI), a coalition that...
  • Saudi-French Investment Forum signs $2.9 billion worth of agreements

    The Saudi-French Investment Forum witnessed the signing of 24 MoUs and investment agreements, collectively valued at approximately $2.9 billion. The forum has assembled key players from both nations, fostering enhanced bilateral relations and providing opportunities for increased investment and collaboration.
  • Expo 2030: All eyes on Riyadh as it makes a big pitch

    With ongoing mega-projects and economic diversification, Riyadh's strong Expo 2030 candidacy has already garnered support from 90 of 170 member states.
  • UAE to deepen economic tie-ups with various world countries: Sheikh Saud

    St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to ensure a sustainable and prosperous future for generations to come. This was stated by Sheikh Saud bin Saqr Al Qasimi, supreme council member and ruler of Ras Al Khaimah, in...
  • Ukraine, Lebanon top agenda as Saudi crown prince meets French president

    Saudi Arabia has maintained a cautious stance throughout the invasion of Ukraine by Russia, stopping short of condemning the assault while emphasizing the importance of Ukraine's territorial integrity. MBS hosted President Volodymyr Zelensky last month in Jeddah during an Arab League summit, the Ukrainian leader's first visit to the Middle...
  • Iran’s Raisi, France’s Macron discuss ways to promote ties

    Iran's President Ebrahim Raisi and his French counterpart Emmanuel Macron in a lengthy phone call discussed ways to promote ties, state media reported. "The two sides discussed how to promote relations especially about ongoing negotiations and regional developments," IRNA state news agency quoted Raisi's deputy chief of staff Mohammad Jamshidi...
  • 45 governments endorse doubling energy efficiency by 2030

    PARIS, FRANCE -  Forty-five governments have endorsed doubling the average global rate of energy efficiency improvements by the end of the decade to foster sustainable economic growth. This will help put the world on a secure and affordable path towards net zero emissions. "It’s hard to overstate the importance of...
  • Saudi Arabia’s Al Hilal to sign football star Messi in mega-deal

    Al Hilal football club officials are in Paris to seal a mega-deal with Lionel Messi, who is leaving Qatar-owned Paris-Saint Germain. The officials will meet Messi's agent, Jorge, with the aim of completing the signing. One source said Saudi delegation has one goal: "to return with Messi official approval to...
  • Renewable power capacity to rapidly expand, IEA report reveals

    PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum, higher fossil fuel prices and energy security concerns drive expansion of solar and wind power, the International Energy Agency (IEA) said. The growth is set to continue next year with...
  • IEA says renewable energy capacity to increase at record level in 2023

    PARIS, FRANCE -  Renewable power capacity will grow by a record number this year as high fossil fuel prices and energy security concerns fueled the deployment of solar and wind systems, the International Energy Agency said on Thursday. Global additions of renewable energy capacity are expected to rise by 107 gigawatts...
  • Assad must face trial for chemical use: French foreign minister

    Colonna nevertheless said Paris would not be changing its policy towards the Syrian ruler. "We have to remember who Bashar al-Assad is. He's a leader who has been the enemy of his own people for more than 10 years," she said. A lifting of European Union sanctions on the Syrian...
  • Gross sovereign borrowing requirements will jump to $12.9 trn in 2023: OECD

    Paris, France – Sovereign borrowing needs are expected to increase in 2023 against the backdrop of the financial and economic spillovers of the crisis in Ukraine, as many countries forming a part of the Organization for Economic Cooperation and Development (OECD) seek to cushion households and businesses from rising prices,...
  • High cost of Paris Olympics tickets draws flak from athletes

    Paris, France -- Athletes have joined the clamor of criticism at the high cost of tickets for the 2024 Paris Olympics, decried as undermining organizers' promises of a Games accessible to all. Phase two of sales got underway on May 11, with nearly 1.5 million individual tickets available, after over three...
  • Iran hangs three in connection with Amini protests

    Iran executed three men convicted of killing security force members during protests triggered by Mahsa Amini's death last year, the judiciary said, drawing condemnation from rights groups. Majid Kazemi, Saleh Mirhashemi and Saeed Yaghoubi were found guilty of waging "war against God" - at a demonstration in Isfahan on November...
  • France issues arrest warrant for Lebanese central bank chief

    A French investigating magistrate issued an international arrest warrant for Lebanon's central bank chief Riad Salameh, a source close to the case said. Salameh earlier failed to appear for questioning by French investigators who want to know how he amassed sizeable assets across Europe, his lawyer said.
  • Lebanese central bank chief likely to miss hearing in French probe

    In March 2022, France, Germany and Luxembourg seized assets worth 120 million euros ($130 million) in a move linked to a French probe into Riad Salameh's wealth. This year, European investigators have questioned Salameh in Beirut, also hearing from a Lebanese minister, Salameh's brother Raja, and central bank audit firms.
  • French president to meet Elon Musk in Paris to discuss joint projects

    Finance Minister Bruno Le Maire gave no details of Monday's talks with Musk, saying simply that "all of today's investments are the fruit of months or even years of negotiations". During a US trip in December, Macron held an unannounced face-to-face meeting with Musk, saying later the two had had...
  • Iran releases two French citizens from prison, says Paris

    Iran released two French citizens jailed in separate cases, France said, urging Tehran to release several others still detained in the Islamic republic. Bernard Phelan, who also holds Irish nationality and Benjamin Briere were freed from their prison in Mashhad city and are "on their way to France", Foreign Minister...