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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.
  • Egyptian court sentences Ukrainian to four years for smuggling

    Cairo, Egypt - A Cairo court has sentenced to life in prison a Ukrainian woman arrested at the Egyptian capital's airport...

    Liudmyla Balakina, who lives in the Netherlands, had been convicted of drug smuggling following her arrest in April.

    Balakina had confessed in court to "meeting an Egyptian abroad, who took advantage of her need for money".

  • QatarEnergy, Chevron Phillips to build $6 billion gas-to-plastics plant

    The Ras Laffan Petrochemicals Complex, which will produce 2.1 million tonnes of ethylene a year along with 1.7 million tons...

    QatarEnergy has a 70 percent equity share in the joint venture with Texas-based Chevron Phillips taking the other 30 percent.

    Ras Laffan will double Qatar's ethylene production capacity and increase its polymer output from 2.6 million tons to more than four million tons a year.

  • Iraq apologizes after chaos at regional football tourney

    BASRA, IRAQ - Iraq has apologized to its neighbor Kuwait after a scuffle in the VIP section prevented the Kuwaiti emir's...

    Matches are taking place in the city of Basra as war-scarred Iraq hosts the regional event for the first time in over four decades.

    The country was long banned from international football and is counting on the tournament to burnish its image.

  • Show goes on at Palestinian theaters despite siege

    Freedom Theatre's ability to provide Jenin residents with respite is under growing strain due to repeated raids by Israeli forces.

    Ahead of the opening night of the theatre's latest production, "Metro Gaza", the creatives woke up to find three Palestinians had been killed in an Israeli operation.

    Jerusalem's El-Hakawati has seen its audiences dwindle since Israel began constructing a barrier around the West Bank in the early 2000s.

  • Thousands protest in Tel Aviv against new Netanyahu government

    Tel Aviv, Israel--Thousands of Israelis protested on Saturday against Prime Minister Benjamin Netanyahu's new government, regarded as the most right-wing in...

    In Tel Aviv, protesters brandished signs with slogans including "Democracy in danger" and "Together against fascism and apartheid"

    Netanyahu, 73, who himself is fighting corruption charges in court, had already served as premier longer than anyone in Israeli history

  • Russia says its military following ceasefire in Ukraine despite attacks

    Russian President Vladimir Putin had unilaterally ordered his forces to pause attacks for 36 hours for the Orthodox Christmas.

    The statement however added that over the past 24 hours Russian forces repelled a number of attacks by the Ukrainian army in eastern Ukraine.

    AFP journalists in the town of Chasiv Yar south of the frontline city of Bakhmut on Saturday heard heavy artillery fire for much of Saturday morning.

  • UAE takes part in Arab Inter-Parliamentary Union’s executive committee meetings

    CAIRO, EGYPT - The UAE Parliamentary Division of the Federal National Council (FNC) on Saturday took part in the 29th...

    The meeting discussed objectives related to health, education and training support in the Union's strategy.

    The delegation also participated in the 8th meeting of the legal team stemmed from the executive committee.

  • Iran executes two more men in connection with protests

    PARIS, FRANCE -  Iran on Saturday executed two men for killing a paramilitary force member during unprecedented protests sparked by the...

    The latest hangings double the number of executions to four over the nationwide protests.

    Two men were put to death in December, sparking global outrage and new Western sanctions against Iran.

  • UAE dispatches generators in aid to power-starved Ukraine

    Abu Dhabi, UAE- The UAE has dispatched a second consignment of household generators for the Ukrainian civilians affected by the...

    The UAE announced in December that it's sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure

    The support comes within the $100 million humanitarian relief aid allocated by the UAE to the civilians affected by the crisis in Ukraine

  • More than 100 IS members arrested in operation: Syria Kurds

    More than 100 members of Islamic State group have been arrested by the Kurdish-led Syrian Democratic Forces in an eight-day...

    The Syrian Kurds have been seeking to underline their value as a partner to the West in its campaign against IS

    The SDF said the operation was carried out alongside troops of the US-led coalition, although there was no immediate confirmation from the international force