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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

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.
  • Months after deadly quake, Afghan survivors get new homes

    In Afghanistan, hundreds of earthquake-resilient concrete homes, many built by local laborers with the support of the United Nations refugee...

    More than 1,000 people were killed and tens of thousands made homeless after the 5.9-magnitude quake struck the impoverished province of Paktika on June 22

    Even before the earthquake, Afghanistan was in the grip of a humanitarian disaster made worse by the Taliban takeover in August 2021

  • Libya court sentences 17 ‘IS members’ to death

    Tripoli, Libya-- A Libyan court on Monday sentenced 17 people to death after finding them guilty of joining the Islamic...

    The prosecution said that those on trial had killed a total of 53 people, "destroyed public buildings" and "disappeared dozens of people"

    Libya's collapse into violence after the revolt that toppled and killed dictator Moamer Kadhafi in 2011 left a power vacuum that was filled by a multitude of armed groups

  • Israel hits Damascus with ‘a burst of missiles’

    At least two people were killed in an Israeli missile strike on Hezbollah weapons depot in the Damascus area overnight,...

    A Syrian military source, quoted by SANA, said Israel carried out "a burst of missiles targeting some points in the vicinity of Damascus

    Israel has repeatedly said it will not allow its archfoe Iran to gain a foothold in Syria

  • Saudi Arabia, UAE lowest-risk investment havens in the ‘riskiest’ Middle East and Africa region

    The region was ranked the riskiest by the Global Risk Report Quarterly Update. But the GCC region stood out, offering...

    In Africa, Morocco, Botswana and South Africa were the low-risk investment destinations, in that order, as far as the macroeconomic risks are concerned.

    Syria, Yemen, and Libya were on the list of the highest-risk countries in the third quarter.

  • Iran says Jordan summit is a good opportunity for nuclear talks

    TEHRAN, IRAN - Iran's foreign minister said Monday that a summit to take place this week in Jordan will be a...

    On-off talks to revive the deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), started in April last year.

    A UN nuclear watchdog team led by IAEA deputy director-general was on a one-day visit to Iran.

  • Critics see Macron ‘offside’ in World Cup final

    The French President delivered a wide-ranging performance at the World Cup final that was not to everyone's taste.

    He was an unmissable presence at the game at the Lusail stadium in Qatar, even making an appearance in the team's changing room to deliver an emotional post-game pep talk.

    "We must not politicize sport," the incoming leader of the ultra-left France Unbowed party Manuel Bompard, wrote ironically on Twitter.

  • After hosting World Cup, Qatar looks to secure 2036 Olympics

    During the tournament, Qatar was awarded the 2025 world table tennis championships and the opening race of the world endurance...

    The 2036 Olympics is the next big prize. The emir, Sheikh Tamim bin Hamad Al-Thani, is an IOC member and Qatar has already bid for the 2016, 2020 and 2032 Games.

    The IOC has a declared policy of rotating the Games, and the Olympics have never been held in the Middle East. Qatar could face competition from Saudi Arabia and Turkey.

  • Sharjah, Belgium discuss enhancing ties

    SHARJAH,  UAE -  A Belgian delegation met with Sheikh Majid Al Qasimi, Director of the Department of Government Relations (DGR)...

    The two parties agreed on organising a Sharjah delegation visit to Belgium for strengthening bilateral relations.

    the Belgian Ambassador to the UAE expressed his interest in visiting universities in Sharjah to discover more partnership opportunities.

  • UAE takes part in 17th Asia Pacific Regional Meeting of ILO

    SINGAPORE -   The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in...

    Over 500 representatives of governments, labor organizations and companies from 33 countries took part in the meeting.

    The meeting discussed labor priorities and ways to promote employment in the Asia Pacific.

  • Thai Navy searches for 31 sailors after vessel sinks

    The HTMS Sukhothai which capsized late on Sunday night after its electronic system had been damaged, was commissioned in 1987...

    HTMS Sukhothai capsized late on Sunday night as it was patrolling the Gulf of Thailand, about 37 kilometers off the nation's southeastern coast

    Some sailors survived by jumping into a life raft at night, according to images shared by the Royal Thai Navy, which said 75 people had been rescued