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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.
  • Credit Suisse demise puts question mark over lucrative sponsorship deals

    The Swiss national football team, the country's top football division, tennis great Roger Federer, golf star Sergio Garcia and Zurich's new stadium were all sponsored by the bank, which is being taken over by Swiss rival UBS. The deal was hastily arranged on Sunday after Credit Suisse's share price plunged.
  • Qatari delegation visits Man Utd as bidding war for Premier League club intensifies

    The rival bidders, Qatari businessman Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe were invited to visit United this week although Sheikh Jassim did not travel to Manchester on Thursday, he sent a delegation. Sheikh Jassim and Ratcliffe are the only interested parties to publicly announce their...
  • Iran names Ghalenoei as Queiroz successor

    Based on the technical and expert review and the agreement made, Mr. Amir Ghalenoei, the valuable coach of our country is selected as the head coach of the national football team, Iran's Football Federation said in a statement. No details of his contract were given. The appointment was announced after...
  • BBC top boss not to resign in face of Lineker controversy

    London, United Kingdom--The BBC's director general Tim Davie said he will not resign after the publicly-funded broadcaster's sport service was decimated on Saturday by a backlash to Gary Lineker's removal as Match of the Day host. "Everyone wants to calmly resolve the situation," Davie said in a BBC interview. Lineker was...
  • Passion for football catapults housebound Jordanian to stardom

    Abu Nawas grew up spending much of his time watching football matches, analysing the teams and playing football video games.
  • Saudi Arabia captures cycling in sports charm offensive

    This week's Saudi Tour is the first of three stage races in the Arabian Peninsula in February, with competitions also scheduled in Oman and UAE. Organizers of the tour said they are planning to create a women's Saudi Tour, with the UAE Tour offering one this year.
  • KSA, UAE play well as e-gaming trends across GCC

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners.
  • No objection to Russia joining Asian football body: Saudi Arabia

    Speaking at the AFC Congress in Bahrain, Saudi Arabia's Sports Minister Prince Abdulaziz bin Turki Al-Faisal said he didn't see a problem with Russia shifting allegiances to Asia.
  • Saudi Arabia wins bid to host 2027 football Asian Cup: AFC

    In the coming years the Saudis, who watched as neighbors Qatar hosted the World Cup in November and December, will hold the women's Asian Cup, the Olympic-sized Asian Games and even the Asian Winter Games on artificial snow.
  • One dead, dozens hurt in stampede before Iraq Gulf Cup final, say medics

    One person was killed and dozens injured when a stampede broke out outside a football stadium in Iraq hours before the Gulf Cup final, medical and security sources said. Long banned from hosting international football matches, war-torn Iraq had been counting on its hosting of the Gulf Cup to burnish...
  • Morocco change mind over CHAN after Algeria spat

    Morocco's FRMF football federation said in a statement earlier Thursday that the Confederation of African Football (CAF) had informed it last month that Algeria had issued "an authorization in principle" for the flight. But just 24 hours before the start of the tournament, the FRMF said it "notes with regret...
  • Iraq apologizes after chaos at regional football tourney

    BASRA, IRAQ - Iraq has apologized to its neighbor Kuwait after a scuffle in the VIP section prevented the Kuwaiti emir's representative from attending opening ceremonies at the Gulf Cup football tournament. Matches are taking place in the city of Basra, near Kuwait, as war-scarred Iraq hosts the regional event for...
  • Iraq looks to make football comeback with Gulf Cup

    Basra, Iraq--Iraq on Friday welcomed football teams from across the region for the Gulf Cup, ending nearly three decades of repeated bans on international matches in the war-torn and corruption-plagued country. The tournament in the southern city of Basra brings together eight teams, with Friday's opening match seeing the host...
  • Ronaldo must serve two-match ban before Al Nassr debut: Official

    Riyadh, Saudi Arabia---Portuguese superstar Cristiano Ronaldo still needs to serve a two-match English Football Association ban before making his Al Nassr debut, an official at the Saudi club told AFP on Friday. Ronaldo was slapped with the ban in November for hitting a mobile phone out of a teenage fan's hand...
  • Saudi Arabia gets first female international football referee

    RIYADH, SAUDI ARABIA - Saudi Arabia's first female international referee was appointed by FIFA on Thursday, less than a year after the conservative kingdom's national women's team made their debut. Anoud Al-Asmari's international badge is the latest in a series of steps in football by the Saudis, who have got 37-year-old...
  • GCC investment in non-oil sectors grew in 2022

    GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.
  • Tearful Brazil bids farewell to its favorite son Pele

    President Luiz Inacio Lula da Silva led the tributes as Brazil said its final farewell to football legend Pele, widely regarded as the greatest player of all time. Fans, politicians and football dignitaries flocked to pay their respects to Pele in Santos, home to the club where he spent most...
  • From F1 to CR7, Saudi Arabia’s sports shopping spree

    Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by the kingdom.
  • DEWA encourages active lifestyle by organizing sporting events

    DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437 male and female employees from various divisions. DEWA also sponsored and hosted three sports tournaments, and participated in several local sports events. These occurred in line with the directives of...
  • Dune and dusted as Dakar Rally tests limits of endurance

    The Frenchman, who has just won the 2022 edition of the Extreme E, has a tough battle in front of him if he is to improve on his three podium finishes and chalk up that first win. Notably, he will need to unseat defending champion Nasser Al-Attiyah (Toyota), a quadruple...
  • Iraq football body launches ticket sales for Gulf Cup

    The Gulf Cup brings together the hosts as well as Saudi Arabia, Kuwait, Qatar, Yemen, Bahrain, Oman and the United Arab Emirates. It will be held in Iraq's southern city of Basra from January 6-19.
  • Basketball stands collapse in Egypt stadium, injuring 27

    A basketball match in Cairo turned into a scene of tragedy when part of a sports stadium where the match was being played collapsed, injuring at least 27 people. According to Egypt's health ministry, most of the people had fractures and bleeding, but "most were non-life-threatening injuries."
  • YouTube TV wins right to broadcast NFL games starting in 2023

    YouTube TV subscribers, who now pay $64.99 a month for a viewing package, will have to pay an added fee - as yet undetermined - to view the games, or they can view them on an a-la-carte basis on its YouTube Primetime Channels platform. They will not be able to...
  • Qatar sees off World Cup criticism to claim diplomatic victory

    The emirate went into the tournament under scrutiny for its treatment of foreign workers and LGBTQ people but one of the final images to emerge from the event was Qatar's emir putting a traditional Arab cloak over the shoulders of Argentina star Lionel Messi.
  • Aborted World Cup bus parade a snapshot of Argentina’s charm and vice

    Millions of Argentines who crammed the streets of Buenos Aires to celebrate an unforgettable moment with Lionel Messi and his World Cup winning teammates instead found themselves at a giant party bereft of its hallmark bus parade.
  • Morocco World Cup team arrives home to heroes’ welcome

    The team and their coach Walid Regragui waved from an open-topped bus as they were driven from the airport and around central Rabat, accompanied by dozens of police cars and motorbikes with flashing lights and wailing sirens. "I'm so proud of our team. Who knows -- maybe next time they...
  • Critics see Macron ‘offside’ in World Cup final

    The French President delivered a wide-ranging performance at the World Cup final that was not to everyone's taste.
  • Mbappe heroics in vain but justify Pele comparisons

    The Paris Saint-Germain forward scored only the second hat-trick in World Cup final history but his bid to become the youngest two-time winner since Pele in 1962 ended in heartbreak in Qatar. Mbappe, who turns 24 on Tuesday, is just the second man to score in back-to-back World Cup finals, and...
  • FIFA readies 48-team World Cup as Eyes Turn to 2026

    The enlarged competition represents a triumph for FIFA president Gianni Infantino, who made expanding the World Cup a priority after taking over as world football's supremo in 2016. The 16-team increase marks the biggest expansion in the World Cup's evolution. From 13 teams at the inaugural tournament in 1930, the...
  • Argentina beat France on penalties to win World Cup

    Argentina defeated France 4-2 in a penalty shoot-out to win the World Cup for the third time on Sunday. Argentina captain Lionel Messi scored twice and France striker Kylian Mbappe hit a hat-trick as a thrilling World Cup final finished 3-3 after extra time. Argentinian substitute Gonzalo Montiel stroked home...
  • Messi’s Argentina set to take on France in World Cup final

    Messi, 35, has collected seven Ballon d'Or awards for the best player in the world, but the last time he reached the World Cup final it ended in the bitter disappointment of defeat to Germany in 2014.
  • Croatia beat Morocco to finish third at World Cup

    Croatia defeated Morocco 2-1 in the World Cup third place play-off on Saturday, with Mislav Orsic curling home the winner. Josko Gvardiol, one of the stars of the tournament in Qatar, headed Croatia into the lead in the seventh minute at the Khalifa International Stadium but Achraf Dari brought Morocco...
  • Morocco to host Club World Cup in February, expanded event to start in 2025

    DOHA, QATAR - Morocco will host the next Club World Cup in February, FIFA president Gianni Infantino announced on Friday, while the planned expanded version of the competition is now set to start in 2025. The tournament will take place from February 1 to 11, 2023, Infantino told reporters at a...
  • Morocco lose game but win hearts all over world

    Casablanca, Morocco--They may have fallen just short of reaching the World Cup final, but Moroccans on Wednesday hailed their team's historic run as it ended with a 2-0 defeat to reigning champions France. "They played a great game but luck wasn't on our side," said supporter Oussama Abdouh in Casablanca. "Still,...
  • Doughty Morocco stand in way of France at World Cup

    France captain Hugo Lloris is desperate to avoid the whiff of complacency for a team who have become used to competing at the sharp end of tournaments.
  • UAE Jiu-Jitsu Federation to promote martial art in China

    Abu Dhabi, UAE--The UAE Jiu-Jitsu Federation and China’s Generations Fund have signed an agreement to promote the culture of Jiu-Jitsu in China. The agreement allows both parties to utilize Jiu-Jitsu in accelerating sporting cooperation between the UAE and China. The importance of the agreement stems from the fact that it...
  • Morocco fans celebrate the impossible and ask for more

    There were celebrations across the Arab world and in Europe after Morocco beat Portugal 1-0 in Qatar to become the first African or Arab team to reach a World Cup semi-final.
  • Morocco down Portugal to become first ever African World Cup semi-finalists

    Morocco became the first African nation to reach the World Cup semi-finals as Youssef En-Nesyri's first-half goal sealed a tense 1-0 victory over Portugal at Al Thumama Stadium. The Atlas Lions, also the first Arab team to make the last four, added Portugal to their list of European scalps with...
  • ‘Investment in sports a key part of global economy’

    “Sports economies involve infrastructure, new talents, air traffic, travel, and other components,” Al Marri adds, noting that there are many incentives that serve the sporting community and attract the interest of a wide range of investors. The sports sector is a key component of the new economy, he says.
  • Qatar’s Dr cool says air conditioned marathon possible in Gulf state

    There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in one city park. Media reports have said an Olympic marathon could also be specially cooled.
  • Saudi sole bidder to host 2027 Asian Cup after India exit

    KUALA LUMPUR, MALAYSIA - Saudi Arabia on Monday became the sole bidder to host the 2027 Asian Cup after India withdrew its bid. The Asian Football Confederation (AFC) said in a statement that the All India Football Federation had pulled out from the selection. The statement did not provide any...
  • Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026

    Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment in its sporting history. A football nation, with a deep-rooted passion for the game, Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression...
  • Doha Souq abandons tradition to become World Cup party base

    Qatar is hosting the first World Cup in an Arab nation, but the hosts along with fellow Arab states Tunisia and Saudi Arabia failed to get past the first round -- even though Tunisia beat France and the Saudis upset Argentina. "Be happy Morocco!" the crowds chanted as police watched...
  • Riots erupt in Brussels after Morocco beat Belgium in World Cup

    A surveillance helicopter flew over the city before calm was restored at around 7:00pm (18:00GMT). A journalist saw protesters burning a car, rubbish bins and a number of electric scooters.
  • Iran coach fumes at Klinsmann’s World Cup remark

    The former USA coach said a series of niggling fouls and the conduct of the Iranian coaching staff during the game was part of a deliberate strategy to make opponents "lose their focus".
  • Lewandowski breaks World Cup duck as Poland beat Saudi Arabia

    DOHA, QATAR - Robert Lewandowski scored the first World Cup goal of his prolific career on Saturday when he netted in Poland's 2-0 win over Saudi Arabia, bursting their bubble following the team's giant-killing act against Argentina. Barcelona forward Lewandowski was almost overcome with emotion after making sure Poland took...
  • Protest scrutiny intensifies on Iran despite win

    There had also been speculation that the Iranian players would not celebrate the goals. But the team erupted into wild celebrations as two late goals were struck against Wales in the final minutes. Former England player and prominent TV pundit Gary Lineker tweeted: "Given the duress Iran's players are probably...
  • Saudi would back bids for Man Utd, Liverpool, says sports minister

    Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen to host the World Cup. Prince Abdulaziz bin Turki Al-Faisal said the Gulf state could be a new home for Cristiano Ronaldo. He said Saudi Arabia would "definitely support" bids...
  • Messi centre stage as Argentina, France begin World Cup title bids

    In recent days, Messi has twice trained apart from the rest of the squad but he moved to dispell any concerns amongst Argentines that he might not be fit for Saudi Arabia. Argentina head into the tournament as Copa America holders and unbeaten in 36 matches dating back to 2019....
  • Confident Martinelli dismisses Brazil doubters at World Cup

    Gunners fans that have marveled at his early season form -- five goals and two assists in 14 Premier League matches -- it took many aback in his homeland. A video even began circulating on social media purporting to show Brazil's talisman Neymar reacting with surprise to Martinelli's inclusion when...