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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.
  • Second protest-related execution carried out in Iran

    Paris, France—Iran on Monday executed a second man convicted over the protests that have shaken the regime for almost three...

    The latest execution came with global outrage still reverberating after Iran on Thursday carried out the first execution linked to the protests

    Iran's use of the death penalty is part of a crackdown that Olso-based Iran Human Rights (IHR) says has seen the security forces kill at least 458 people

  • Yemen war has killed or maimed over 11,000 children: UN

    Hundreds of thousands have died since, either as a result of fighting or indirectly through unsafe drinking water, disease outbreaks,...

    About 2.2 million Yemeni children are acutely malnourished, one quarter of them aged under five, and most are at extreme risk from cholera, measles and other diseases

    Yemen's war broke out in 2014 and quickly saw Iran-backed Houthi rebels seize the capital Sanaa, prompting Saudi-led forces to intervene to prop up the government

  • Erdogan urges Putin to ‘clear’ Kurd forces in northern Syria

    Erdogan told Putin in a phone call on Sunday that is was "important to clear the (Kurdish fighters) from the...

    President Erdogan has been threatening to launch a new military incursion into northern Syria to push out Kurdish forces.

    Both Moscow and Washington have been putting diplomatic pressure on Ankara not to launch a new ground campaign.

  • UN says right environment policies can generate 20 million jobs

    “It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...

    Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.

    New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.

  • Activists warn a toothless UN nature pact will fail

    The UN meeting, called COP15, running from December 7 - 19, bringing together nearly 5,000 delegates from 193 countries to...

    Implementation mechanisms are at the heart of the Paris agreement on the fight against global warming, in the form of "nationally determined contributions"

    The current text on biodiversity only "urges" countries to take into account the conclusions of a global review in four years' time

  • US dispatches envoys to China in order to repair ties

    A month after Chinese leader Xi Jinping and US President Joe Biden agreed to repair frayed relations, the US is...

    Biden left his meeting with Xi proclaiming that there need not be a new Cold War, while Xi told Biden the two countries "share more, not less, common interests"

    The United States and China are the two largest economies in the world, spend more than any other nations on their militaries and are locked in fierce strategic competition

  • Ethiopia reels from high inflation and economic slowdown

    After a decade of dynamic growth during the 2010s, Africa's second most populous country has suffered multiple shocks, including the...

    Annual average inflation is expected to hit 30 percent in 2022 (compared to 26 percent last year), driven by an increase in food costs

    A peace deal signed last month between the federal government and Tigrayan rebels has raised hopes of an economic recovery

  • Iran summons UK envoy to protest support for ‘terror and unrest’

    A day after summoning German envoy, Iran called in the British ambassador to lodge protest as demonstrations shake the country....

    Iran's official news agency said the foreign ministry protested the United Kingdom's support for "terror and unrest", and sanctions it has imposed

    Its foreign ministry summoned German ambassador Muzel for the fourth time since September

  • John Kerry

    US could change green subsidies rules as EU fears unemployment

    The United States is open to amending lucrative green subsidies that have drawn transatlantic anger for allegedly encouraging job losses...

    Washington's landmark Inflation Reduction Act contains $370 billion in subsidies for green energy and tax cuts for US made electric cars

    Biden defended the act and said it was never intended to disadvantage US allies, and has committed to understanding EU concerns.

  • UAE, Turkmenistan review enhancing bilateral relations

    ASHGABAT, TURKMENISTAN - Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber has left the UAE on...

    The UAE Minister of Industry and Advanced Technology headed a delegation comprising senior officials from government, private sectors to Turkmenistan.

    The delegation discussed ways to develop bilateral relations and enhance cooperation in the fields of oil, gas, clean energy, infrastructure.