Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) revenue rose to a record in the first quarter on demand for chips used in smartphones, computers and cars, while a prolonged shortage helped to boost prices. Revenue jumped 36% to NT$491.1 billion ($17 billion) in the three months through March, the company said in a statement. Analysts estimated NT$469.4 billion on average. ...

Dubai / WAM The UAE’s gross domestic product (GDP) for 2021 has broken international economic expectations, registering the highest rate in the region of AED1.489 trillion. “In a turbulent and changing world, the UAE has been moving steadily forward. Our economy is growing, our journey is accelerating, our competitiveness is advancing upwards, our future is going to be promising, and ...

Abu Dhabi / WAM International Holding Company PJSC (IHC), the Abu Dhabi-based conglomerate, announced on Friday that it had signed AED7.3 billion ($2 billion) Investment Agreement with Indian multinational conglomerate Adani Group, as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL) which all are listed on ...