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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.
  • Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings

    The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...

    The foreign visits by President Sheikh Mohamed have helped the country in diversifying relations and strengthening strategic partnerships regionally and globally

    He has issued a number of laws and decisions that contribute to supporting the state's development and progress, and consolidating its position internationally

  • Eurozone’s unemployment drops to record low

    The reading -- the lowest since Eurostat started compiling jobless figures in April 1998 -- was an indicator that the...

    Eurostat estimated that, for the entire 27-nation European Union, 12.95 million adults were unemployed in October

    Younger people had the highest unemployment rate in the EU and its eurozone, at 15.1 percent and 15.0 percent respectively

  • Lebanon MPs again fail to elect President for 8th time

    Lawmakers in crisis-hit Lebanon failed to elect a new president for an eighth time, despite the deepening impact of the...

    Parliament is split between supporters of the powerful Iran-backed Hezbollah movement and its opponents, neither of whom have a clear majority.

    Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 37 lawmakers.

  • US trade subsidies create unlevel playing field with Europe, says Macron

    French President Emmanuel Macron repeated his frustration with US subsidies, saying they were hurting European companies by providing an unfair...

    Macron said that US industrial subsidies, which are part of Biden's huge green energy initiatives, are "super aggressive" towards European business.

    While Washington and Paris were "working closely together" on geopolitics and opposing Russia in its invasion of Ukraine, trade tensions remained, Macron said.

  • ‘Carbon credits need more supply, integrity to meet global demand’

    RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...

    Trade in voluntary carbon credits could grow 100-fold by 2050 if teething problems are addressed.

    A carbon credit allows a country or organization to produce a certain amount of carbon emissions and it can be traded if the full allowance is not used.

  • Natural disaster losses hit US$115 bn this year, says Swiss Re

    GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...

    Swiss Re added that so-called secondary natural disasters such as floods and hailstorms caused more than $50 billion of insured losses.

    Total insured losses topping $100 billion for a second consecutive year, said Swiss Re.

  • Financing for nature must more than double by 2025, says UN report

    The world must increase financing for nature-based solutions to meet key climate, biodiversity and land degradation goals, a United Nations...

    The UNEP report said that investments for nature-based solutions must increase to US$384 billion per year by 2025.

    By 2030 finance flows of $484 billion a year will be required for nature-based solutions.

  • Gulf countries seek to procure India’s BrahMos missile

    Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.

    Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages

    The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages

  • Saudi Arabia inks MOU with Spanish company to build combat ships

    The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...

    The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto

    Navantia "would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance

  • Islamic State group says its leader killed ‘in combat’

    The US military's Central Command (CENTCOM) said Hashimi had been killed in an operation carried out by rebels of the...

    US National Security Council spokesman John Kirby said: "We welcome the announcement that another leader from ISIS is no longer walking in the face of the Earth”

    The IS spokesman did not provide details of new leader, but said he was a "veteran" fighter and called on all groups loyal to IS to pledge their allegiance to its fourth leader