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Aramco signs $11bn deal

The deal involves its Jafurah gas facilities.

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.

Chinese diplomat, Arab Parliament speaker discuss Middle East

BEIJING, CHINA – The director of China’s Office of the Central Commission for Foreign Affairs met with the speaker of...
  • China said the future of the Middle East should be in the hands of regional countries and people.
  • The diplomat said China supports an early, fair and reasonable settlement of the Palestinian issue.

EU okays updated Pfizer and BioNTech’s anti-Covid vaccine

Adults and children over five require a single shot "irrespective of their Covid-19 vaccination history" while younger children may get...
  • The European Medicines Agency said it "has recommended authorizing an adapted Comirnaty vaccine targeting the Omicron XBB.1.5 subvariant".
  • Known as Comirnaty Omicron XBB.1.5, the mRNA vaccine is to be used to prevent Covid-19 in adults and children from six months.

Iran’s non-oil exports reach US$19.3bn in March to July 2023

TEHRAN, IRAN - Some 56 million tons of non-oil goods, valued at US$19.3 billion, were exported in the first five...
  • Also 14.4 million tons of non-oil goods, valued at US$24.2 billion were imported into the country from March 21, 2023 to July 22, 2023.
  • In this period, China, Iraq, the United Arab Emirates (UAE), Turkey and India were Iran’s main export markets respectively.

There are no frozen assets abroad, says Iranian President

TEHRAN, IRAN   – Iran President Ebrahim Raisi on Tuesday said that the country’s money is only blocked in South Korea...
  • Iran has forged strong relations with Islamic and other like-minded countries.
  • The country is keen on membership in regional and extra-regional alliances.

NEOM to set up education, research and innovation center

TABUK, SAUDI ARABIA – NEOM has announced plans to establish a world-class education, research and innovation (ERI) center, following last...
  • NEOM’s ERI center will enable access to a world-class education, research and innovation ecosystem at any stage of the life of a learner.
  • The curricula deployed across NEOM’s ERI pillars will prepare a digitally fluent workforce, equipping students with real-life skill sets.

French President says change in existing world order would weaken West, Europe

PARIS, FRANCE - Attempts to change the existing world order threaten to weaken the West and especially Europe, French President...
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.
  • Emmanuel Macron said the role of the UN Security Council, International Monetary Fund and World Bank are constantly being challenged.

Turkey’s Erdogan to visit Russia for talks with Putin

Turkish President Recep Tayyip Erdogan is to visit Russia "soon" for talks with Vladimir Putin on reviving a deal to...
  • Kremlin spokesman Dmitry Peskov told reporters that a meeting was being prepared "intensively", without giving a time or place for the talks.
  • Erdogan has used his good relations with Russia and Ukraine to try to bring the two sides into formal peace talks.

Iran says European countries willing to buy our drones

TEHRAN, IRAN - A number of European countries have asked to purchase Iran’s unmanned aerial vehicles, the spokesperson for the...
  • A spokesperson for the Iranian Defense Ministry said Tehran is prepared to export military drones after fulfilling its domestic needs,
  • Political and security considerations will be taken into consideration before finalizing such deals, the spokesperson added.

Tehran exports goods worth $7.2bn to West Asia in 4 months from March 2023

TEHRAN, IRAN - Iran exported $7.2 billion worth of products to West Asian countries in the first four months of...
  • Comprehensive strategic five-year plans have been defined for the West Asian countries with a focus on trade infrastructure.
  • The plans include organizing and development of transportation platforms, banking exchanges, customs and standards.

Climate change to be discussed in Dubai COP28 meet, says Egypt minister

Cairo, Egypt - Egyptian Minister of International Cooperation Dr. Rania Al Mashat, said the 28th Conference of the Parties to...
  • noted that international reports indicate that the countries in the Middle East and North Africa region are most vulnerable to climate change risks
  • Al Mashat added that COP28 will see presentations on the most important results and joint action taken over a year within the National Platform for Green Projects

Liberty Media buy MotoGP

Formula One owners paid US$4.5 billion for the deal.

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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...

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...

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...

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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.