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TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

Renault Scenic model wins Car of the Year at Geneva auto show

Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
  • Renault is the only European automaker with a presence at this year's industry gala.
  • Volkswagen and Stellantis, whose brands include Peugeot and Fiat, decided to skip the event.

Japan’s Moon craft SLIM revives after lunar night

TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...
  • The unmanned Smart Lander for Investigating Moon (SLIM) touched down last month at a wonky angle that left its solar panels facing the wrong way.
  • As the sun's angle shifted, it came back to life for two days and carried out scientific observations, Japan Aerospace Exploration Agency (JAXA) said.

Goldman Sachs, Mubadala ink pact

The two firms have signed a $1 billion private credit deal.
  • The partnership will be managed by Private Credit at Goldman Sachs Alternatives, with a dedicated team across multiple Asia Pacific markets.
  • This mandate will enable both firms to continue scaling their investment activity in the large and growing Asia Pacific credit market.

WTO launches US$50m fund for women entrepreneurs in developing countries

ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...
  • The director general of WTO said the "ground-breaking initiative... embodies our collective commitment to empower women".
  • The fund will help businesses run by women in developing countries to adopt digital technologies and increase their online presence.

British lawmaker suspended over ‘Islamophobic’ comments

London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to...
  • Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks.
  • On the right-wing GB News channel, Anderson claimed Islamists had "got control" of Khan, who was the first Muslim mayor of London.

UAE to provide US$10m grant to support WTO initiatives, says foreign minister

ABU DHABI, UAE – Emirates Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan has announced that the UAE...
  • Sheikh Abdullah bin Zayed expressed pride that the UAE is hosting the WTO’s MC13, the organization’s highest decision-making body, from February 26-29.
  • He welcomed all leaders and representatives of the 166 member states to Abu Dhabi for crucial negotiations on key trade issues and discussions.

American spaceship lands on moon, images expected soon

The first American spaceship on the Moon since Apollo is "alive and well" following a drama-packed touchdown, the firm that...
  • The Houston-based company's stock price soared by 40 percent in early trading before paring back to 24 percent.
  • Intuitive Machines said Odysseus, which is the size of a large golf cart, is upright.

Stock markets diverge before Nvidia results, Federal Reserve minutes

Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
  • In the eurozone, the Frankfurt and Paris stock markets edged higher in afternoon deals.
  • Hong Kong and Shanghai bourses jumped after Beijing's latest measures to boost China's stuttering economy.

Dutch court upholds $50bn payment award in Yukos case

THE HAGUE, NETHERLANDS -  A Dutch court quashed an appeal by Russia in a record $50-billion case on Tuesday, paving the...
  • The Amsterdam Appeals Court turned down a claim by Moscow that shareholders had "committed fraud" during the arbitration process.
  • In 2014 the international Permanent Court of Arbitration (PCA) in The Hague ruled in favor of shareholders,

WHO registers eighty percent rise in measles case

Geneva, Switzerland - The World Health Organization voiced alarm on Tuesday at the rapid spread of measles, with more than 306,000...
  • At least 95 percent of children need to be fully vaccinated against the disease in a locality to prevent outbreaks, but global vaccination rates have slipped to 83 percent.
  • WHO official Crowcroft pointed out that 92 percent of all children who die from measles live among less than a quarter of the global population, mainly in very low-income countries

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...

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Death toll in Israeli strikes on Syria climbs to 52, says monitor

Beirut, Lebanon - The death toll in Israeli air strikes on Syria has risen to 52, including 38 government soldiers and...

Turkey says Erdogan to meet Joe Biden at White House on May 9

Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May...

US census to include Middle Eastern or North African category

The next US census and federal government forms will include new options for race and ethnicity including a category for...

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Russia says ‘evidence’ links Ukraine to Moscow attack

MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside...
  • Russian officials alleged the suspects had received "significant amounts of money and cryptocurrency from Ukraine".
  • The officials said that said another man "involved in financing the terrorists" had been identified and detained.

Rise in remittances hikes demand for Jordanian dinar, says chamber of commerce

AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar.Exchange companies...
  • There are positive indicators suggesting a stabilization in Jordan’s economy.
  • Presently the currency exchange sector comprises 250 firms across Jordan.

US defense chief tells Israeli counterpart that Gaza toll is ‘too high’

US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A...
  • A senior Pentagon official said that US Defense Secretary had discussed his hopes that negotiations would "soon produce the release of all hostages."
  • The United States has backed Israel with both military and diplomatic support.