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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.
  • Lebanon charges seven for Irish UN peacekeeper killing

    Lebanon has charged seven people for participating in an attack against United Nations peacekeepers that killed one Irish soldier in...

    UNIFIL urged Lebanon to ensure a swift investigation, the first violent death of one of its peacekeepers in nearly eight years.

    UNIFIL, made up of some 10,000 peacekeepers, has been deployed since 1978 to act as a buffer between Lebanon and Israel.

  • Jordanian-Bahraini business forum explores investment opportunities

    AMMAN, JORDAN - The Jordan Chamber of Industry (JCI) organized the Jordanian-Bahraini Business Forum in Bahrain's capital, Manama, to increase...

    The Jordan Chamber of Industry stressed on the role of the private sector as a driver of the economy.

    The JCI described the level of trade between Jordan and Bahrain as "below aspirations," amounting to less than US$300 million.

  • Turkey’s bickering opposition seeks unity against Erdogan

    The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by...

    The opposition's campaign "appears abstract and distant" to voters, especially in a country where the media is heavily controlled by the government, Western diplomat said

    Rumors are swirling that Erdogan may push forward the election to late April or early May, giving the opposition even less time to prepare

  • Israel justice minister presents controversial court reforms

    After November elections, Prime Minister Benjamin Netanyahu returned to power last week, heading what analysts call the most right-wing government...

    The key reform proposed, the "derogation clause", would allow parliament to annul a decision of the Supreme Court with a simple majority vote

    Analysts say such a clause would also allow lawmakers to uphold any annulment of the corruption charges against Netanyahu

  • UAE President and Jordan’s King discuss ties in Abu Dhabi

    The UAE President Sheikh Mohamed bin Zayed has met with Jordan's King Abdullah II in Abu Dhabi and discussed "fraternal...

    Ayman Al Safadi, Deputy Prime Minister and Minister of Foreign Affairs and Expatriates of the Hashemite Kingdom of Jordan was also present

    Upon his arrival, the king was welcomed by the president and a number of Sheikhs

  • Iranian Revolutionary Guard killed outside his house in Tehran

    Tehran, Iran - A member of Iran's Revolutionary Guards was shot dead outside his house in Tehran, state media reported Wednesday,...

    Qassam Fathollahi was shot "four times in front of his house" in southern Tehran late Tuesday by "unknown persons".

    Police had noted "signs of theft from the apartments around the scene" of the shooting, the report added.

  • Palestinians mull next moves after Israel minister’s Al-Aqsa visit

    Hours after Ben-Gvir's appearance at the sensitive site, Hamas and other militant groups held emergency meetings to discuss a "proportionate"...

    Jamal al-Fadi, a politics professor at Gaza's Al-Azhar University, said Hamas "does not want a new military escalation and is currently gauging American and Arab reactions".

    Israel's left-wing daily Haaretz cautioned a key moment would come Friday, when thousands of Muslims gather at the compound for prayers.

  • Japan’s PM to meet Biden in Washington, visit other G7 allies

    The two leaders are expected to discuss regional security challenges, including North Korea and China, as well as Russia's invasion...

    Japan is assuming the presidency of the G7 grouping and Kishida said he also plans to visit members France, Italy, Canada and Britain this month

    Kishida will host the G7 leaders summit in Hiroshima in May and wants to put achieving a world free of nuclear weapons on the international agenda

  • Pakistan expects a boost in trade with UAE in 2023

    Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion,...

    The ambassador said the UAE is the biggest trading partner of Pakistan in the MENA region and that CEPA would provide an opportunity for the two countries to increase trade

    More than a million Pakistanis residing in the UAE sent $6.11 billion in remittances during 2020-21

  • Turkey hosts Syria opposition after outreach to Assad

    Erdogan's hopes for talks with Assad follow calls from Turkey's main opposition party as it is pressing Erdogan to speed...

    Erdogan has suggested that the talks between the defense chiefs be followed up by a meeting between the foreign ministers that could set up a potential presidential summit

    Erdogan's foreign policy adviser Ibrahim Kalin confirmed that Ankara was now pressing Damascus to take steps for the return of Syrian refugees who fled the fighting to Turkey