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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.

Macron to hold summit with Egyptian, Jordanian leaders as Israel pushes to seize Gaza territory

Meanwhile, a video recovered from the cellphone of an aid worker killed in Gaza alongside other rescuers shows their final...
  • Israel has pushed to seize territory in Gaza since the collapse of a short-lived truce, in what it has called a strategy to force the militants to free hostages.
  • The French president is expected in Cairo on Sunday evening, where he will hold talks with his Egyptian counterpart on Monday morning.

Syrian government says studying Amnesty report on massacres

Syria's government said late Friday it was "closely following" the findings of a new Amnesty International report urging an investigation...
  • Amnesty called on the Syrian government in a report on Thursday to ensure accountability for the massacres targeting the Alawite minority
  • The Syrian Observatory for Human Rights monitor has said security forces and allied groups killed more than 1,700 civilians, mostly Alawites, during the violence

Israel expands ground offensive in Gaza city, dozens killed as fighting engulfs Shujaiya neighborhood

Prime Minister Benjamin Netanyahu said the army was dividing Gaza and "seizing territory" to force Hamas to free the remaining...
  • Israel has pushed to seize territory in the Gaza Strip in what it said was a strategy to force militants to free hostages still in captivity
  • In Lebanon, Hamas's military wing said its commander Hassan Farhat was killed in an Israeli strike that hit "inside his apartment" in Sidon

Nations divided ahead of decisive week for shipping emissions

London, United Kingdom -- Members of the International Maritime Organization (IMO) are divided over whether to approve a carbon tax on...
  • The carbon tax, the most ambitious measure on the table, would make it more expensive for shipping companies to emit greenhouse gases, encouraging them to curtail emissions.
  • But some member states, including China and Brazil, are proposing other measures, arguing the carbon levy would increase the cost of goods and contribute to food insecurity.

Macron, on Egypt visit, to go near Gaza to show support for ceasefire

French President Emmanuel Macron will go to an Egyptian port near the Gaza Strip next week to highlight concerns over...
  • Macron will go to Arish, 50 kilometres (30 miles) from Gaza, next Tuesday during a visit to Egypt, officials said
  • Macron is to go to Egypt on Sunday and on Monday will meet the country's President Abdel Fattah al-Sisi

Hungary announces ICC withdrawal as Israel’s Netanyahu visits

Budapest, Hungary -- Hungary on Thursday said it will quit the International Criminal Court, just as its Prime Minister Viktor...
  • Set up in 2002, the ICC, based in The Hague, seeks to prosecute individuals responsible for the world's gravest crimes when countries are unwilling or unable to do so themselves.
  • The Palestinian Authority (PA) urged Hungary to "comply with the International Criminal Court's arrest warrant by immediately handing Netanyahu over to bring him to justice.

US university calls for release of detained Turkish student

New York, United States - Tufts University on Wednesday publicly backed its student Rumeysa Ozturk, a Turkish national detained by...
  • Video of Ozturk's arrest by masked agents on a sidewalk has sparked outrage online
  • This has added to concerns about freedom of speech and respect for due process under Trump

Israel’s Netanyahu arrives in Hungary, defying ICC warrant

Israeli Prime Minister Benjamin Netanyahu arrived in Budapest early Thursday on his first trip to Europe since 2023 and in...
  • Hungarian Prime Minister Viktor Orban extended an invitation to Netanyahu last November, a day after the ICC issued the arrest warrant over alleged war crimes in Gaza
  • Orban vowed the EU member would not execute the warrant, despite being an ICC member, saying the court's decision "intervenes in an ongoing conflict... for political purposes".

Military confrontation ‘almost inevitable’ if Iran nuclear talks fail, says French foreign minister

Western countries including the United States have long accused Iran of pursuing a nuclear weapon, which Tehran has denied, insisting...
  • "Our confidence and our conviction remain intact," Barrot said. "Iran must never acquire nuclear weapons."
  • "Our priority is to reach an agreement that verifiably and durably constrains the Iranian nuclear program," he added.

Israel says expanding Gaza offensive to seize ‘large areas’

Defense Minister Israel Katz said Israel would bolster its military presence in the Palestinian territory to "destroy and clear the...
  • An Israeli group representing the families of hostages still held in Gaza said they were "horrified" by Katz's announcement of expanded military operations.
  • Meanwhile, Israel's far-right National Security Minister Itamar Ben Gvir visited Jerusalem's Al-Aqsa Mosque compound on Wednesday, drawing condemnations.

Syria rejects federalism, calls on Kurdistan forces to join army ranks

Syria reiterated its rejection of federalism on Wednesday following a meeting with a Kurdish military official, calling on Kurdish forces...

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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...

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...

Iran appoints new Revolutionary Guards intelligence chief

Major General Mohammad Pakpour, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC), appointed Brigadier General Majid Khadami as the...

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European, Iranian diplomats to meet as Trump mulls joining Israel campaign

Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to...
  • Israel, claiming Iran was on the verge of developing a nuclear weapon, launched air strikes against its arch-enemy a week ago, triggering deadly exchanges
  • Iranian Foreign Minister Abbas Araghchi will meet with his French, German, British and EU counterparts in Geneva on Friday to discuss Iran's nuclear programme

21 Palestinians waiting for aid among 72 killed by Israeli forces in Gaza

Civil defense spokesman Mahmud Bassal told AFP that six people were killed while waiting for aid in the southern Gaza...
  • In northern Gaza, Bassal said that nine separate Israeli strikes killed another 51 people, updating earlier tolls provided by his agency.
  • At least 300 Palestinians have been killed in recent weeks while trying to reach aid distribution points in Gaza, which is suffering from famine-like conditions.

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
  • Saudi-based Cluster2 Airports Company signed a strategic MoU with Airbus. The agreement will see the deployment of the Agnet Turnaround platform across Cluster2’s 22 airports.
  • Saudi National Bank (SNB) has issued $1.25 billion in Tier 2 bonds at a 6% profit rate under its $10 billion Euro Medium Term Note program.