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TSMC beats revenue estimates, lifting AI spending optimism
January 9th, 2026 - 05:03 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

TSMC beats revenue estimates, lifting AI spending optimism

ALBAWABA- Taiwan Semiconductor Manufacturing Company (TSMC) exceeded market expectations, reinforcing optimism that global spending on artificial intelligence will remain strong in 2026 despite concerns about inflated valuations. The world’s largest contract chipmaker reported a 33.1% year-on-year rise in quarterly revenue to NT$1.05 trillion (about US$32.9 billion), based on monthly figures, beating the average forecast, according to DPA. TSMC, a key supplier to Apple and Nvidia, likely benefited from resilient iPhone ...
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In June, a bipartisan assembly of lawmakers voted to block the transfer of cluster bombs to Saudi Arabia after reports emerged of their use on Yemeni civilians. (AFP/File)
September 1st, 2016 - 11:00 GMT

US legislators urge delay in $1.1B arms sale to Saudi Arabia

As the residential market becomes increasingly competitive over the next few years, the inclusion of a leading school in a community will continue to act as a key differentiator.  (Ecgsa.com)
September 1st, 2016 - 10:00 GMT

Dubai real estate players and investors zoom in on education sector

The Egyptian government says the introduction of the new technology aims to maximise revenues for the state coffers and improve the speed of services to mobile customers. (LinkedIn)
September 1st, 2016 - 09:00 GMT

Telecom Egypt lands country's first 4G mobile license

The removal of the name from the blacklist was done in a record time of 1.5 years after their U.S. lawyer followed the case closely. (AFP/Paul J Richards)
September 1st, 2016 - 08:00 GMT

Reputation restored: US removes Lebanon's DK Group from trade blacklist

Last month, Norwegian oil and gas company DNO, which also has a strong Kurdish portfolio, made a $300M bid for Gulf Keystone Petroleum. (AFP/Muhannad Fala'ah)
September 1st, 2016 - 07:00 GMT

Iraq-player Gulf Keystone Petroleum looks to raise capital with common shares offer

Jordan's King Abdullah II pays surprise visits to underprivileged families in Deir Alla District. (Royal Hashemite Court)
September 1st, 2016 - 06:00 GMT

Education pays off: Jordan's public and military school students get $28 handouts from King Abdullah

The Mall of the World will be divided into four phases with the first phase slated for completion before Expo 2020. (File photo)
September 1st, 2016 - 05:00 GMT

Dubai's Mall of the World mega project shifts location

Shell has used modern technology in the seismic survey phase of the field and dug one of the deepest wells in the western desert. (File photo)
September 1st, 2016 - 03:55 GMT

Royal Dutch Shell makes new gas discovery in Egypt's western desert

This is the first commercial licence in the field of ICT in KSA and it is also the first commercial license in Saudi Arabia to a Chinese company. (Huawei)
August 31st, 2016 - 12:49 GMT

Huawei to establish a center of innovation in Saudi Arabia

Energean has operated oil and gas-producing assets since 1981, and currently holds four licenses in Greece and one in Egypt. (Energean.com)
August 31st, 2016 - 12:00 GMT

Greece's Energean signs $148.5M deal for gas exploration in Israel

Local transport authorities have been looking to regulate the taxi service market in the UAE. (Careem)
August 31st, 2016 - 10:00 GMT

Careem back on the road after drivers detained in Abu Dhabi

According to the Ericsson Consumerlab report, 68 percent of the Lebanese population own at least two or more connected devices. (The Daily Star/Khalil Hasan)
August 31st, 2016 - 09:00 GMT

Rise in 'networked lifestyle' brings opportunities in Lebanon's telecoms: Ericsson

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