Search Site

Trends banner

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.
  • Qatar’s Dr cool says air conditioned marathon possible in Gulf state

    There are already air-conditioned streets in the Katara cultural district and Qatar has a 1.1 kilometer air-conditioned jogging track in...

    Sports authorities have not commented, but Saud, an engineering professor at Qatar University, said an air-conditioned marathon course could be built.

    Saud, who previously developed air conditioning for Ford Mondeo cars, spent 13 years working on the cooling used at seven of the eight World Cup stadiums.

  • EU stops import of products which causes deforestation

    The European Union reached an agreement to ban the import of products including coffee, cocoa and soy in cases where...

    The draft law, which aims to ensure "deforestation-free supply chains" for the 27-nation EU, was hailed by environmental groups as "groundbreaking".

    The scope encompasses palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as derived products such as beef, furniture and chocolate.

  • Developing economies’ debt more than doubled over decade, says World Bank

    The external debt of developing economies has more than doubled from a decade ago to US$9 trillion in 2021, the...

    Many countries are already facing or at risk of debt distress with surging global inflation and rising interest rates.

    The external debt of International Development Association countries also nearly tripled in the decade leading up to 2021.

  • Libya tells foreign energy firms it’s safe to return

    TRIPOLI, LIBYA - Libya's state energy firm urged its foreign oil and gas partners to resume exploration and production Tuesday...

    Rival administrations in east and west have vied for power in Libya since March.

    Libya aims to raise its oil output from around 1.2 million barrels per day currently to 2.0 million bpd by 2027, NOC chairman Farhat Bengdara said.

  • UAE, Saudi Arabia sign MoU for mutual recognition of maritime training

    LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom...

    The move is in line to ensure the highest standards of maritime safety and within the outcomes of the Saudi-Emirati Coordination Council.

    This is as per the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers 1978 and its amendments.

  • Excerpt from new Rushdie novel released four months after stabbing

    The 75-year-old writer, who had received death threats after the publication of his "The Satanic Verses" in 1988, was stabbed...

    The book tells the "epic tale" of a woman in the 14th century in what is now part of India, the publishing house said

    The author had lived in hiding for years after Iran's first supreme leader Ayatollah Ruhollah Khomeini ordered his killing

  • China-Arab summit: Chinese President Xi to visit KSA tomorrow

    Chinese President Xi Jinping will reach Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest...

    Leaders from the two countries are expected to discuss potential deals that could see Chinese firms become more deeply involved in Saudi mega-projects

    Chinese President Xi Jinping last visited Saudi Arabia in 2016 on a trip that also featured stops in Egypt and Iran

  • UAE President, Israeli counterpart seek to boost cooperation in space sector

    Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector.

    Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector

    The two leaders discussed areas of collaboration between the UAE and Israel and the promotion of progress and stability across the region

  • ‘Abu Dhabi Space Debate offers a significant and huge global platform to enhance activities in space sector’

    It is possible to take advantage from the discoveries provided by space projects to boost our development for the benefit...

    There is an Emirati-Israeli partnership in space sector and important cooperation between the two space agencies of the two countries, says Israeli president

    The conference is a significant and huge global platform that works to enhance communication among the active and influential forces in the space sector, he adds

  • Is Biden running again? He’s acting like it

    The November midterm elections, in which Republicans failed to score their expected big win in the House while actually losing...

    A long distance day trip Tuesday to Arizona is only the latest indication that at 80, Biden is seriously laying the ground to stay in power for another term

    while Biden has said his decision won't come until "early next year," many of those around him think they already know