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TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

UAE extends ban on flights from India, 13 other countries

    A notice to airmen (NOTAM) issued by the UAE civil aviation authority informed the airlines of suspension of flight services to and from 14 countries including India till July 21 in view of the Covid second wave.

    In India, the expats have been affected badly following the suspension of regular flights between the UAE and India since late April, media reports in the country said.

    “Though one-way cargo flights to the UAE are allowed to bring passengers to India on return trips under the bilateral air bubble pact, the Non-Resident Indians are reluctant to book tickets during the forthcoming festival season anticipating the third wave of Covid,” a report in The New Indian Express said.

    The UAE has been trying hard to keep the Covid cases under control and it fears that allowing flights from the worst-hit countries will torpedo the prospects of its economic recovery.