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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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The ruling failed to hold the Lebanese Canadian Bank SAL responsible for financing the Lebanon-based Islamic group through its New York account with American Express Bank. (Yalibnan)
August 25th, 2016 - 05:30 GMT

Victims of Hezbollah attacks lose US court case against Lebanese Canadian Bank

Egypt is keen to boost tourism from the Ukraine, which is among the biggest sources of visitors to Egypt's resorts.  (File photo)
August 25th, 2016 - 04:31 GMT

Egypt lays on Ukrainian concert to boost tourism to Sharm El Sheikh

While Qatar will host the 2022 World Cup, Dubai aims to attract 20 million visitors per year by the time it hosts Expo 2020. (Twitter)
August 24th, 2016 - 01:00 GMT

Hospitality markets in UAE, Qatar to see fastest growth in next four years

The Mark V is a medium-range transport and patrol boat used by U.S. Special Operations Forces for insertion and extraction of SEAL combat swimmers as well as coastal patrol. (Wikipedia)
August 24th, 2016 - 12:00 GMT

Qatar to procure $124M patrol boat, weapons from US

In a trend reflected throughout the Gulf, Saudi Arabia has also turned to international markets to borrow money, raising a $10 billion international loan last month.  (Shutterstock)
August 24th, 2016 - 11:00 GMT

Saudi Arabia gears up for $5.3B domestic bond sale

Kuwait  is expected to require several new power stations between 2020 and 2030. (Pixabay)
August 24th, 2016 - 09:34 GMT

Nuclear no go: Kuwait abandons plans for nuclear power plant

Bahrain is implementing a royal order to provide 40,000 units for citizens with housing projects nationwide. (File photo)
August 24th, 2016 - 08:30 GMT

Bahrain inks $395M in housing, infrastructure project deals

Higher oil prices will benefit Kuwait, the UAE and Oman the most by reducing the current account deficits by an average of four to seven percent of GDP.
August 24th, 2016 - 07:30 GMT

Oil price hike brings relief, but unlikely to impact credit ratings: Moody's

Al Bawaba
August 24th, 2016 - 06:26 GMT

Nepal Airlines seeks Gulf partnerships to fast track expansion

The Kuwaiti Fund loan to finance the project will be repaid in instalments over 20 years, with a five-year grace period. (Shutterstock)
August 24th, 2016 - 05:00 GMT

Plans to link Saudi, Egypt power grid backed by Kuwaiti Fund

Sudan has  no restrictions on gold exportation, meaning that investing companies can export all the gold they produce. (Shutterstock)
August 24th, 2016 - 04:21 GMT

Gulf investors look to strike gold in Sudan

Egypt's President Sisi and the UAE's Mohammed bin Zayed Al Nahyan during the latter's visit to Cairo in April 2016. (File photo)
August 23rd, 2016 - 12:30 GMT

UAE offers $1B to Egypt's Central Bank

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