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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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.

Iraq signs deal with US firm to produce 24,000 MW of electricity

Prime Minister Mohammed Shia al-Sudani oversaw "the signing of a Memorandum of Understanding as part of a strategic cooperation framework...
  • The signing comes at the conclusion of a visit to Iraq by a high-level US delegation comprising of representatives from 60 private firms.
  • Despite sitting on large reserves of petrol and natural gas, decades of conflict and instability have ravaged Iraq's energy infrastructure.

Hamas official says ‘necessary to reach a ceasefire’ in Gaza

A Hamas official told AFP on Tuesday that it was "necessary to reach a ceasefire" in the Gaza Strip, three...
  • "This war cannot continue indefinitely, and it is therefore necessary to reach a ceasefire," Hossam Badran, a member of Hamas's political bureau, told AFP
  • US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu a day earlier said that new negotiations were in the works aimed at getting more hostages freed

Amid Israeli warning of military action, Iran says deal can be reached if US shows goodwill

Trump made the surprise announcement that his administration would open talks with Iran during a White House meeting on Monday...
  • Foreign Minister Abbas Araghchi said Iran's principal aim remained the lifting of sweeping US sanctions
  • Their reimposition by President Donald Trump in 2018 has dealt a heavy blow to the Iranian economy

After Instagram restrictions, Meta to introduce teen accounts for Facebook

Paris, France -- Meta on Tuesday announced that it was extending its teen accounts to its social network Facebook, after...
  • The accounts were brought in for 13- to 15-year-old Instagram users last September as part of moves to shield underage internet users from online harms.
  • Teens are immediately placed in such accounts, with those under 16 unable to change settings without parental permission.

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  • The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)
  • The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea

Yemen rebels say targeted Israel army site, US warships in Red sea: statement

Yemen's Huthis said they targeted a military site in Israel and attacked two US destroyers in the Red Sea Monday,...
  • The Iran-backed group carried out a military operation targeting an Israeli military target in the occupied area of Yaffa (Tel Aviv)
  • The Huthis also claimed to have targeted "two US destroyers with several cruise missiles and drones" in the Red Sea

Netanyahu meets Trump for tariff and Gaza talks

Israeli Prime Minister Benjamin Netanyahu met Donald Trump at the White House on Monday, becoming the first foreign leader to...
  • Netanyahu and Trump are also set to discuss Gaza, where a short-lived US-brokered truce between Israel and Hamas has collapsed, and growing tensions with Iran
  • Trump greeted Netanyahu outside the West Wing and pumped his fist, before the two leaders went inside for a meeting in the Oval Office.

PA alone must be in charge of post-war Gaza, say France, Egypt and Jordan

Cairo, Egypt -- The leaders of France, Egypt and Jordan on Monday said the Palestinian Authority alone must be in...
  • French President Emmanuel Macron earlier said that Palestinian group Hamas should have no role in governing the Gaza Strip once its war with Israel is over.
  • King Abdullah stressed the need for "a just and comprehensive peace based on the two-state solution", a Palestinian state alongside Israel.

Turkey’s main opposition leader urges elections ‘in November at the latest’

The leader of Turkey's main opposition party on Sunday called for expected elections to be held "at the latest in...
  • Addressing President Recep Tayyip Erdogan, CHP party leader Ozgur Ozel said: "In November at the latest, you will come to confront our candidate,"
  • Ozel hailed the demonstrations triggered by last month's arrest of Imamoglu, Istanbul's popular opposition mayor who is widely considered Erdogan's greatest political threat

Zelensky slams US lack of response to Putin truce rejection

Ukrainian President Volodymyr Zelensky on Sunday lamented the lack of a US response to Russia's refusal to sign "a full,...
  • Russia mounted a "massive" missile and drone attack on Ukraine overnight that also wounded seven people, Zelensky said
  • Ukraine has agreed to an unconditional truce in the more than three-year-long war proposed by the United States

Israel PM wants Hamas to give up arms for lasting end to war in Gaza

Netanyahu said the Islamist militants must first give up their weapons and their hold on the Palestinian territory, warning that...

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Israel says killed three Iranian commanders in fresh wave of strikes

Israel's military said a strike in Qom south of Tehran successfully targeted top Iranian official Saeed Izadi, in charge of...

Pro-Palestinian protest leader released from US custody

Mahmoud Khalil, a former Columbia University student who was one of the most visible leaders of nationwide pro-Palestinian campus protests,...

Tech-fueled misinformation and disinformation distorts Iran-Israel fighting

AI deepfakes, video game footage passed off as real combat, and chatbot-generated falsehoods -- such tech-enabled misinformation is distorting the...

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Israeli army chief warns of ‘prolonged campaign’ in Iran

"We have embarked on the most complex campaign in our history to remove a threat of such magnitude, against such...
  • Israel launched attacks against Iran last Friday which have combined targeted assassinations of key military personnel with strikes on Iran's nuclear and missile facilities.
  • Zamir said the Israeli military had prepared for "years" for the campaign against Iran, even while Israeli troops continue their devastating campaign in Gaza.

IAEA warns of nuclear disaster if Israel attacks Iran’s Bushehr plant

Rafael Grossi, director of the International Atomic Energy Agency (IAEA), told the UN Security Council that he has not yet...
  • Grossi warned of equally dire consequences even if Israel strikes the lines that supply electricity to Bushehr, saying such disabling of power could trigger a meltdown.
  • In a worst case scenario, evacuations and orders to take shelter would need to be issued for areas within several hundred kilometers of Bushehr, which would include Gulf states.

US envoy says Hezbollah involvement in Iran-Israel war would be ‘very bad decision’

The US special envoy for Syria Tom Barrack warned Lebanese militant group Hezbollah on Thursday against getting involved in the...
  • Barrack, who is also the US ambassador to Turkey, is on his first visit to Beirut, where he met top Lebanese officials including parliament speaker Nabih Berri, a Hezbollah ally
  • In a statement, Hezbollah leader Naim Qassem said the group will provide Iran "with all forms of support that contribute to putting an end to this tyranny and oppression