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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.
  • US unveils high-tech B-21 stealth bomber

    PALMDALE, UNITED STATES - The United States on Friday unveiled the B-21 Raider, a high-tech stealth bomber that can carry...

    Many specifics of the aircraft are being kept under wraps.

    The plane will offer significant advances over existing bombers in the US fleet.

  • Envoy eyes more cooperation, $6.32bn bilateral trade this year as UAE-Belgium ties mark 51st anniversary

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian...

    Brussels needs to find new energy suppliers and we recognize the important role of the UAE on that front, Belgian ambassador to the UAE Antoine Delcourt tells TRENDS

    More than 100 Belgian companies are operating in the UAE. People-to-people contacts are flourishing also in arts, culture and sports, says the Belgian ambassador

  • US warns Turkey against disrupting its military operation in Syria

    While acknowledging Ankara's security concerns in northeast Syria, the US has warned Turkey not to create impediments in its operations...

    White House National Security Council spokesman John Kirby said that while "Turkey does have a right to defend itself," the operations carry a heavy risk

    He noted that the "strategic level" of cooperation with SDF forces was not in danger

  • G7, EU agree oil price cap to reduce Russia war funding

    The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...

    The price cap, negotiated between the G7 group and the European Union, will come into effect with an EU embargo on Russian crude oil from Monday

    The embargo will prevent shipments of Russian crude by tanker vessel to the EU, which account for two thirds of imports

  • Energy crisis driving climate-friendly power savings, says IEA

    PARIS, FRANCE - Russia's invasion of Ukraine has driven countries across the world to boost energy efficiency, creating "huge potential"...

    Governments have scaled up fossil fuel subsidies to cushion the impact of rising energy costs on households in the wake of the Ukraine conflict.

    According to the IEA research, governments, industry and households invested a record $560 billion this year in energy efficiency measures.

  • Supporting India’s G20 presidency is a priority for UAE, says Minister

    The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...

    The UAE will work towards a world where human progress is an inalienable right for all.

    The UAE views the G20 as a forum that plays a critical role in multilateral efforts.

  • EU gives US$131 million to WHO Universal Health Coverage Partnership

    GENEVA, SWITZERLAND - The World Health Organization (WHO) and the European Commission agreed on reinforcing a decade-long collaboration to accelerate...

    EU contribution will focus on strengthening health systems to make them more resilient and responsive to natural, climate or human-made disasters.

    The partnership with WHO is a key deliverable of the new EU Global Health Strategy adopted by the European Commission.

  • OPEC set to stick or cut more amid plan to cap Russian oil price

    LONDON, UNITED KINGDOM - Major oil producers are expected to stick to their current output strategy or even slash production...

    In October the OPEC+ agreed to reduce output by two million barrels per day (bpd) from November.

    Since the October meeting, oil prices have been plummeting to their level of early 2022, far from the peaks above $130 a barrel in March

  • Israel’s Netanyahu nears coalition after far-right deal

    With 32 members of Netanyahu's Likud party and seven Religious Zionism lawmakers in Israel's 120-seat parliament, the former premier still...

    Netanyahu signed the agreements with two other extreme-right factions, the six-member Jewish Power and one-man Noam

    LGBTQ rights groups and activists expressed concern Monday after Netanyahu signed the deal with Maoz granting him a cabinet post

  • US sanctions Hezbollah’s accountants, weapons facilitator

    The Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to...

    The US Foreign Assets Control (OFAC) sanctioned two individuals and two companies for providing financial services to Hezbollah

    It took action against another individual involved in facilitating weapons procurement for the group