Search Site

Trends banner

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.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

Biden to host Iraqi PM at White House on July 26

    • The meeting will “highlight the strategic partnership between the United States and Iraq,” the White House said in a statement

    • In Washington, Kadhemi is expected to push for a concrete timetable of American troop withdrawal

    President Joe Biden will welcome Iraqi Prime Minister Mustafa al-Kadhemi to the White House this month, his office said Friday.

    The July 26 meeting will “highlight the strategic partnership between the United States and Iraq,” the White House said in a statement.

    Kadhemi and US envoy Brett McGurk discussed the withdrawal of troops from Iraq Thursday in Baghdad.

    Some 3,500 foreign troops are still on Iraqi territory, including 2,500 Americans, who have been posted to help fight the Islamic State group since 2014.

    In Washington, Kadhemi is expected to push for a concrete timetable of American troop withdrawal. The implementation of their departure could take years.

    Iraq, long an arena for bitter rivalry between the US and Iran despite their shared enmity towards IS, has seen growing numbers of rocket and drone attacks on American targets in recent months.

    Kadhemi’s meeting with McGurk came a little more than a week after 14 rockets were fired at the Ain al-Assad air base, which hosts American troops in western Iraq, and three others which landed near the US embassy in Baghdad.

    They were the latest in a spate of attacks targeting US military and diplomatic facilities in Iraq. The attacks have been blamed on pro-Iranian armed groups within a state-sponsored paramilitary force.

    Last month, the US launched air strikes against pro-Iranian militias along the Iraq-Syria border.