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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.
  • UAE and Azerbaijan pledge to enhance ties ‘across all fields’

    Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties...

    The two top diplomats reviewed prospects for cooperation between the two countries in a number of sectors

    Bayramov stressed the depth of the UAE-Azerbaijan relations and his country's aspiration to enhance and develop joint cooperation with the UAE at all levels

  • China’s air incursions into Taiwan zone doubled in 2022

    Military analysts say China has used the incursions to probe Taiwan's defenses, exhaust its ageing air force and voice displeasure...

    China sent 1,727 planes into Taiwan's air defense identification zone (ADIZ) in 2022, according to the daily updates released by Taipei's defense ministry

    August 2022 saw a record 440 sorties by Chinese warplanes, the same month Pelosi became the highest-ranking US lawmaker to visit Taiwan in 25 years

  • More than 45,000 migrants made Channel crossing to UK last year

    Migrant issue has become a huge political problem for the Conservative government, which has promised to bring down illegal immigration...

    In total, 45,756 people made the dangerous small-boat crossing of one of the world's busiest shipping lanes last year, compared with 28,526 in 2021

    The last year also saw the highest ever single-day total of migrants making the crossing, with 1,295 making the journey on August 22

  • France begins testing Chinese arrivals to track Covid variants

    France joins other states including the United Kingdom, Italy and the United States in testing arrivals from China, four weeks...

    As of Sunday, visitors from China must wear a mask and be prepared to submit to a test on arrival, which will be done at random

    Then from Thursday travelers will also have to present a negative PCR or antigen test undertaken less than 48 hours before their flight

  • South Korea, US look to hold joint nuclear exercises

    Seoul, South Korea-- Seoul and Washington are discussing joint planning and exercises involving US nuclear assets to counter growing threats from...

    South Korea, under the hawkish Yoon, has beefed up joint military drills with the United States, which had been scaled back during the pandemic

    In 2022, the North conducted sanctions-busting weapons tests nearly every month, including firing its most advanced ICBM ever

  • Israeli missile strike on Damascus airport kills two soldiers

    Two Syrian soldiers were killed in an Israeli missile strike on Damascus International Airport, according to the country's state news...

    According to Syrian Observatory for Human Rights, the strikes targeted pro-Iranian groups like Hezbollah and a weapons warehouse

    Israel rarely comments on reports of its attacks, but it has repeatedly said it will not allow its archfoe Iran to gain a foothold in Syria

  • Explosion near Kabul military airfield kills, wounds several people: Official

    The Taliban authorities claim to have improved security since storming back to power in August 2021 but there have been...

    The cause of the blast at the gate of the facility next to Kabul's international airport was unclear, interior ministry spokesman Abdul Nafy Takor said.

    Last month at least five Chinese nationals were wounded when gunmen stormed a hotel popular with Chinese business people in Kabul.

  • Iran arrests footballers at mixed-gender party, say media reports

    TEHRAN, IRAN - Iranian authorities have arrested football players who attended a mixed party east of Tehran, local media reported Sunday,...

    Iran has been rocked by unrest since the September 16 death in custody of Mahsa Amini, 22, following her arrest for allegedly violating the dress code.

    Iranian law only permits non-Muslims to consume alcohol for religious purposes. Dancing with the opposite gender is forbidden.

  • Two dead, 200 rescued in Lebanon migrant boat sinking: army

    On Twitter, UNIFIL confirmed it was assisting the Lebanese Navy "in search and rescue operation at sea between Beirut &...

    Men, women and children -- mostly refugees from Syria but also about 50 Lebanese -- were on board the vessel when it got into difficulty

    Earlier, the army said a naval patrol had been dispatched to rescue the vessel packed with people attempting to "illegally leave Lebanese waters"

  • IS claims deadly attack in Egypt Suez Canal city

    Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt,...

    Three Egyptian policemen were killed in the attack, the first of its kind in nearly three years in mainland Egypt

    In the past few years, attacks against Egyptian security forces have been concentrated in the Sinai, where fighters affiliated with IS operate