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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.
  • Tunisia awaits languid election for powerless parliament

    Over a decade since the country's revolution that unseated dictator Zine El Abidine Ben Ali, opposition parties have urged a...

    The previous legislature had far-reaching powers, in the mixed presidential-parliamentary system enshrined in the North African country's post-revolt constitution

    In July this year, Saied used a widely shunned referendum to push through a new constitution, stripping parliament of any real clout and giving his own office unlimited powers

  • EU leaders meeting in Brussels to focus on trade dispute with US

    The EU summit was to also examine the situation, and consequences in Europe, of Russia's war in Ukraine, which European...

    Brussels views the "Buy American" condition for purchasers of electric vehicles mainly made in the United States as discriminatory against European car manufacturers

    EU chief said the e-vehicle subsidies contained in a broader US Inflation Reduction Act "risk un-levelling the playing field and discriminating against European companies

  • Hamas threatens to end prisoner exchange talks with Israel

    Hamas chief said indirect negotiations over a prisoner exchange were "interrupted because of the elections" in Israel. (AFP)

    Earlier this year Hamas published a video of an Israeli civilian detained for seven years in Palestine

    Israel has imposed a crippling blockade on Gaza since 2007, when Hamas took power in the enclave

  • Palestinian businesses in West Bank wary of Netanyahu government, cheap goods

    The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli...

    Israeli occupation impacts everything, including tariffs, storage costs and barring Palestinians from exploiting the economic potential of Area C.

    The Palestinian Authority is failing the Palestinian stone companies by not defending their local market from foreign competition, say experts.

  • IAEA team to visit Iran on Sunday over nuclear probe

    The Vienna-based International Atomic Energy Agency (IAEA) has for years been calling on Iran to explain the presence of undeclared...

    Earlier Wednesday, Iran had said that IAEA officials would visit the country to settle "ambiguities" over claims of secret activities.

    The issue has increasingly frustrated efforts to revive the 2015 Iran nuclear deal, that has been on life support since the United States unilaterally withdrew from it in 2018.

  • Palestinians say World Cup proves their cause not ‘buried’

    Like several other Arab nations, Morocco has agreed full diplomatic ties with Israel -- but this has not stopped its...

    A Palestinian poll group has said that "the World Cup in Qatar helps restore Palestinian public trust in the Arab world after years of disappointment".

    "The Moroccan festivities at the World Cup have proven that the Arab world is far from normalization with Israel", the Israeli newspaper Maariv said in a commentary on Sunday.

  • EU energy ministers push gas price talks into next week

    Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses...

    Europe has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions imposed over its war in Ukraine

    Several EU countries, including France, Poland and Spain, criticised the commission proposal as being designed so  the price cap could never be triggered

  • Saudi Arabia, Britain sign Defence Cooperation Plan

    The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.

    The plan reaffirms the UK’s enduring commitment to working with Saudi Arabia on promoting regional security and stability.

    It also aims to develop the capabilities of the Saudi Ministry of Defense, localize military industries, and strengthen the partnership between the two countries

  • Sudan inks US$6bn UAE deal for new Red Sea port

    Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build...

    The Abu Amama port, to be built north of the existing key hub of Port Sudan, will include an industrial zone.

    The signing came a week after Sudan's military and civilian leaders inked an initial accord aimed at ending the crisis since last year's military coup.

  • EU eyes all acceptable energy price cap as winter arrives

    Several EU countries, including France, Poland and Spain, want a price cap lower than the one proposed by the European...

    The continent has entered a bitingly cold winter with fewer energy options because Russia has reduced gas supplies in retaliation for EU sanctions.

    Gas prices are high, albeit lower than during the middle of the year, spurring worries that European homes and businesses could face blackouts.