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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.

Global operation smashes ‘most harmful cyber crime group’

LONDON, UK - An international operation led by UK and US law enforcement has severely disrupted "the world's most harmful cybercrime...
  • LockBit and its affiliates have targeted governments, major companies, schools and hospitals, causing billions of dollars of damage.
  • LockBit's website -- selling services that allow people to organize cyber attacks and hold data until a ransom is paid appears -- was taken over.

Iran-EU trade surpasses US$5bn in 2023, says Eurostat

TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...
  • Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
  • During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.

KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility

ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
  • The 30,000 square meters advanced manufacturing facility for APT in KEZAD will be located adjacent to Emirates Global Aluminum.
  • The facility will be one of the largest manufacturers of aluminum in the world and will be operational by early 2025.

Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO

DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
  • Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
  • Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.

West Bank situation an obstacle between Israel-Palestine peace, says EU

EU foreign policy chief Josep Borrell said the situation in the Israel-occupied West Bank posed a major obstacle to finding...
  • Around 490,000 Israelis live in the West Bank, which Israel has occupied since 1967, in dozens of settlements that are deemed illegal under international law.
  • The settlers live alongside around three million Palestinians in the territory.

‘Hitler did it to Jews’: Lula accuses Israel of ‘genocide’ in Gaza

Brazilian President Luiz Inacio Lula da Silva accused Israel of committing "genocide" against Palestinians in the Gaza Strip and compared...
  • They were among the strongest comments yet on the Israel-Hamas conflict from the Brazilian President.
  • Brazil currently holds the rotating presidency of the G20.

Roadmap out for environmental education, sustainable development at WEEC2024

ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...

Saudi Arabia’s Madinah, KAEC, Al-Ahsa join UNESCO global network of learning cities

RIYADH, SAUDI ARABIA - The United Nations Educational, Scientific and Cultural Organization has announced that the cities of Madinah, King...
  • Saudi Arabia now boasts five cities enlisted in the UNESCO GNLC, contributing to the goal of equipping globally competitive citizens.
  • Previously, Yanbu Industrial City was designated as a UNESCO Learning City in 2022 and Jubail Industrial City earned the Learning City status in 2020.

Energy transition led Saudi Arabia to halt oil expansion, says official

RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
  • Aramco announced on January 30 that the energy ministry had ordered it to maintain production capacity at 12 million barrels per day.
  • Officials in the world's biggest crude exporter did not explain the move, leaving analysts to speculate that it reflected lack of confidence

Red Sea issue puts Yemen peace process on hold

DUBAI, UAE- As Houthi attacks roil the Red Sea and Western air raids target the rebels, moves to end Yemen's long-running...
  • The Iran-backed Houthis have been fighting a Saudi-led coalition since March 2015, months after they seized the capital Sanaa.
  • Hundreds of thousands of people have died in the fighting and from indirect causes such as disease and malnutrition.

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...

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US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel...

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...

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...

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Trump tells Israel media ‘you’re losing support’ over Gaza war

Former US president Donald Trump warned Israel in an interview that it was losing support over the war in Gaza....
  • Trump frequently touts himself as a devoted ally of Israel, pointing to his decision to move the US embassy to Jerusalem.
  • The former US President said he would have responded to Hamas's attack "very much the same way" Israel did.

World’s only Dragon Ball theme park launched in Saudi Arabia’s Qiddiya City

RIYADH, SAUDI ARABIA – The Board of Directors of the Qiddiya Investment Company (QIC) revealed on Sunday the launch of...
  • Nestled within Qiddiya City, just 40 minutes from Riyadh, this never-seen-before anime theme park is set to become a spectacle.
  • Inspired by the seven legendary Dragon Balls, visitors can navigate seven distinctively themed zones within the park.

EU imports US$120.5bn worth of energy products in Q4 2023

BRUSSELS, BELGIUM – In the fourth quarter of 2023, the EU imported US$120.5 billion (€111.3 billion) worth of energy products...
  • Compared with the same period in 2022, imports decreased both in value (-34.2 percent) and in net mass (-11.7 percent).
  • Comparing 2023 with 2022, the value of energy products dropped by 35 percent, while the volume dropped by 9.4 percent.