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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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Egypt's cotton output has been declining for the past decade after farmers failed to adapt to shifting consumer demand for mass-produced items made from short- or medium-staple fiber, according to USDA. (Welspun India)
August 28th, 2016 - 10:00 GMT

False labelling scandal in US reveals reality of decline in Egyptian cotton manufacturing

In July, Iran produced around 3.6 million bpd, 17 percent higher than during the first quarter of the year when initial production considerations emerged. (File photo)
August 28th, 2016 - 09:00 GMT

Iran to attend OPEC meeting, but will defend 'right to market share'

The acquisition of Digiturk represents the largest deal in BeIN's history and a major milestone in their global expansion. (File photo)
August 28th, 2016 - 08:00 GMT

BeIN gains strong foothold in Turkey with Digiturk acquisition

Saudi Energy Minister Khalid Al Falih stated that huge emphasis will be put in the future on foreign investments. (File photo)
August 28th, 2016 - 07:00 GMT

Saudi Aramco courts international investors to underwrite shares

The initiative was taken voluntarily by 39 international pharmaceutical companies, saving up to Dh267 million for patients in one year.  (File photo)
August 28th, 2016 - 06:00 GMT

UAE slashes prices on 762 medicines

Unplanned oil production outages in a number of OPEC countries also contributed to lower export earnings.  (AFP/File)
August 28th, 2016 - 05:00 GMT

OPEC earnings drop to lowest level since 2004

The scale of corruption in the wheat scandal is estimated at one billion pounds. (PressTV)
August 28th, 2016 - 04:00 GMT

Egypt's Minister of Supplies resigns amidst wheat corruption probe

A number of European airlines and governments introduced restrictions on flights to Sharm El-Sheikh over security concerns after the Russian airliner disaster. (File photo)
August 25th, 2016 - 12:00 GMT

Turkish Airlines to fly to Sharm El Sheikh from 10 September

The multi-billion GCC Railway Network - a huge railway system of 2,117 km designed to connect Kuwait, Bahrain, Saudi Arabia, Qatar, UAE and Oman - was earlier slated for completion in 2018. (Menarailpost.com)
August 25th, 2016 - 11:07 GMT

Oman's national railway ambitions chug on despite delay in GCC rail network completion

Tekfen is already engaged in a diverse range of construction activities including power generation, airports, petroleum, roadways, infrastructure projects, and building complexes. (Lusail.com)
August 25th, 2016 - 10:00 GMT

Turkey's Tefken Holding secures $2.1B contract for Qatar highway

Sky Prime is a subsidiary of Alpha Star Aviation. (Sky Prime Aviation)
August 25th, 2016 - 09:30 GMT

Sky Prime, Saudi Arabia's new VIP airline, ready for take off

The acquisition follows the opening of a New York office by QIA in September last year.  (PIxabay)
August 25th, 2016 - 06:41 GMT

Qatar Investment Authority buys stake in Empire State Building owner

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