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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 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

  • Iranians in Iraq skeptical over end to morality police

    Iran may have abolished its feared morality police, but many of its citizens based in Iraq doubt reports that Tehran...

    On Saturday, Iran's attorney general said that the force had "been abolished"

    A 32-year-old journalist, Soma Hakimzada, born in Iraqi Kurdistan to parents who fled Iran, also viewed the move dimly

  • Stage set for UAE-Japan business council as Abu Dhabi secures 40% of Tokyo’s crude oil requirements

    The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the...

    The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023

    The amount of crude that Japan imported during that month amounted to 84.58m barrels, of which 80.10m barrels, originated from five Arab countries

  • Moroccans protest price hikes and ‘repression’

    Hit by the economic impact of the Covid-19 pandemic and inflation, poverty levels are back to where they were in...

    People converged from across Morocco for the protest, which was also called to highlight the cases of several jailed bloggers and journalists

    Consumer price inflation was 7.1 percent year-on-year in October, due in large part to surging food prices triggered partly by an intense drought

  • EU head says bloc must act over US climate plan changes

    EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to...

    EU countries have poured criticism on Washington's landmark Inflation Reduction Act, seeing it as anti-competitive and a threat to European jobs

    The act, designed to accelerate the US transition to a low-carbon economy, contains around $370 billion in subsidies for green energy as well as tax cuts

  • OPEC+ to maintain current output level amid uncertainty

    Major oil-producing countries led by Saudi Arabia and Russia agreed to maintain their current output levels. Representatives of 13 members...

    OPEC+ decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.

    On Friday, the EU, G7 and Australia agreed a $60-per-barrel price cap on Russian oil, which will come into effect on Monday.

  • Jordan, India explore economic cooperation

    AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a...

    The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors.

    She emphasized business-friendly legislation and simplified government service delivery.

  • Herzog becomes first Israeli president to visit Bahrain

    Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf...

    Accompanied by an economic delegation, Herzog said he would discuss "ways to strengthen our economic cooperation".

    Herzog said he would then travel to UAE's capital Abu Dhabi.