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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.
  • Iran boasts enriched uranium capacity hits record highs

    On the eve of UN nuclear monitors visit to the country, Iran disclosed that its uranium enrichment capacity has increased...

    IAEA said that a technical team will visit Iran on Sunday to try to resolve a deadlock over the detection of traces of radioactive material at sites not declared

    Under the 2015 deal, Iran agreed to restrict its enrichment of uranium to just under four percen

  • Iran puts two lawyers behind bars as protests continue

    TEHRAN, IRAN - Iran has arrested the lawyer of two female journalists jailed after covering the death in custody of...

    The Islamic republic has been rocked by protests since Mahsa Amini, a 22-year-old Iranian of Kurdish origin, died on September 16 after her arrest

    The arrest brings to 25 the number of lawyers detained in connection to the protests, according to the reformist daily

  • Germany cuts the ribbon on first LNG terminal

    Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal...

    LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.

    Until now, Germany had no LNG terminals and relied on cheap gas delivered through pipelines from Russia for 55 percent of its supply.

  • UAE participates in First Framework Working Group meeting within G20 Finance Track

    BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which...

    Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023.

    The meeting was also attended by G20 members, invited countries and representatives from international organizations.

  • Jordan arrests 44 after deadly fuel protests

    AMMAN, JORDAN - Jordan has arrested dozens of people accused of involvement in protests against rising fuel prices in which a...

    Jordan's Public Security Directorate said that reinforcements had been sent to the violence-affected provinces.

    Jordan's King Abdullah II warned that "anyone who raises a weapon against the state will be dealt with firmly".

  • UN passes resolution on Palestinian Right to Self-determination

    Earlier on, the United Nations General Assembly voted by a majority five resolutions in favor of the Palestinian cause, especially...

    Earlier on, the UN General Assembly voted by a majority five resolutions in favor of the Palestinian cause, especially the refugee issue

    These resolutions are issued annually by the General Assembly, which has 193 members, and are non-binding

  • UAE reaffirms commitment to uphold multilateral system; urges UN to expand response to terrorism

    "Reform will not be easy; a serious results-oriented process will require us to make deep concessions and agree to difficult...

    While urging UNSC to expand its attention to the geographical scope of terrorist activities, the UAE reiterates itss intention to support the Delhi Declaration

    UAE minister calls on all countries to address the root causes of extremism by spreading awareness of and respect for the principle of tolerance.

  • Algerian activist returned from Tunisia jailed for 3 years

    Slimane Bouhafs "has been sentenced to three years in prison without parole" and a fine of 100,000 dinars ($727), said...

    Bouhafs, a former police officer who converted to Christianity in the 1990s, was sentenced in 2016 to five years in prison for "insulting Islam."

    Bouhafs and two co-defendants were tried at the court in the Algiers suburb of Dar El Beida on charges of belonging to and procuring foreign funds for a "terrorist organisation."

  • France and Morocco mend ties after visa spat

    RABAT, MOROCCO  -  France and Morocco announced Friday they were mending fences after months of tensions over visas, and said President...

    Speaking in Rabat alongside her Moroccan counterpart, French Foreign Minister said it was time to "write a new page together".

    French President Emmanuel Macron and Morocco's King Mohammed VI spoke by phone after their countries' dramatic World Cup semi-final clash.

  • UN force in Lebanon calls for probe into Irish peacekeeper’s death

    The United Nations' peacekeeping force in south Lebanon urged Beirut to ensure a "speedy" investigation into an Irish soldier's shooting...

    Lebanon's caretaker Prime Minister Najib Mikati and army chief Joseph Aoun visited the UNIFIL headquarters in the border town of Naqura.

    It is the first death of a UNIFIL member in a violent incident in Lebanon since January 2015,