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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.
  • UAE, UK experts discuss science, tech help in net-zero agenda

    ABU DHABI, UAE - Experts from UK and the UAE participated in a Sci-Tech Virtual Tour of the Emirates science...

    The tour was launched to facilitate business-to-business introductions between stakeholders and investors.

    During the virtual tour, delegates discussed decarbonization, affordability, supply of renewable energy.

  • Gaza fishermen rejoice at finally fixing their boats after UN brokered deal

    Gaza City, Palestinian Territories---Wearing sky blue overalls near Gaza's port, technician Mohammed Jerboa celebrates the chance to finally repair fishing...

    The material has been prohibited from entering the Palestinian enclave since 2007, as one of scores of items Israel deems could be used for military purposes by Gaza militants.

    The measures left fishermen struggling to pursue their livelihood due to the state of the boats -- until the UN brokered a deal that allows fibreglass to reach a workshop.

  • Dubai Health Authority wins International Data Corporation award

    DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data...

    DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation in mind.

    IDC hosted over 200 senior IT and business leaders from across the UAE for the IDC DX Forum 2022.

  • Oil rises as China eases Covid restrictions, Russia price cap

    World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian...

    In currency trading, the dollar was mixed against its main rivals.

    The Kremlin insisted the cap would not affect Russia's military campaign in Ukraine.

  • Glencore to pay US$180m

    Payment for settling graft claims against firm in DR Congo.

    The settlement with DRC is related to investigations by the country's authorities and the US Department of Justice, Glencore said.

    Glencore disclosed in 2018 that the US Justice Department had launched a corruption investigation linked to the group's business in Nigeria, Venezuela and DRC.

  • Germany key destination for disillusioned Tunisians

    Europe's biggest economy, with its low birth rate, is crying out for labour, and many Tunisians, exhausted by years of...

    Numbers are still small but rising fast. Germany granted 5,474 work permits to Tunisians from January to October -- up from 4,462 in the whole of last year.

    Some employers offer contracts to help ease the visa process and even pay for six months of language tuition to help their future workers.

  • Saudi sole bidder to host 2027 Asian Cup after India exit

    KUALA LUMPUR, MALAYSIA - Saudi Arabia on Monday became the sole bidder to host the 2027 Asian Cup after India...

    The Asian Football Confederation said in a statement that the All India Football Federation had pulled out from the selection.

    The statement did not provide any reasons for India's decision.

  • UAE President visits Qatar in sign of improving ties

    Ending a yearslong estrangement between the two countries, the UAE President Sheikh Mohamed bin Zayed will arrive in Doha today...

    According to WAM, the visit comes in response to an invitation from the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, and builds on the existing relations between the two nations

    The two leaders are expected to discuss bilateral ties and ways to enhance cooperation between the two Gulf states

  • Blinken warns incoming Israeli govt against settlements

    Washington, United States— US Secretary of State Antony Blinken vowed Sunday to oppose Israeli settlements or annexation in the West Bank,...

    Netanyahu will return to power after sealing a coalition deal with the extreme-right movements including Religious Zionism

    The November 1 election was Israel's fifth in less than four years and came after the collapse of a motley coalition that tried to keep out the scandal-plagued Netanyahu

  • Jordan and Algeria renew pledge to boost economic ties

    Algiers, Algeria— Jordan's King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two...

    The leaders stressed the importance of bolstering cooperation between Jordan and Algeria, especially in the political, economic, trade, investment, and defense fields

    The king emphasised Jordan’s support for Algeria in its efforts to make the outcomes of the recent Arab Summit a success