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AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

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.
  • Faroe Islands renew fishing quota deal with Russia

    COPENHAGEN, DENMARK - Denmark's autonomous Faroe Islands have renewed a fishing quota deal with Russia for one year despite Moscow's...

    The agreement between Faroe Islands and Russia has been in place since 1977 and is renewable each year.

    The autonomous territory is highly dependent on fishing for its income and the fisheries ministry says the deal with Russia covers 5 percent of its GDP.

  • Iran’s Khamenei says negotiating with US won’t end recent ‘troubles’

    TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put...

    Iran has seen weeks of demonstrations sparked by the September 16 death in custody of 22-year-old Kurdish-Iranian woman Mahsa Amini.

    She had been arrested for an alleged breach of the country's strict dress code for women.

  • US bans gear from China’s Huawei, ZTE over security risk

    US authorities announced a ban on the import or sale of communications equipment deemed "an unacceptable risk to national security"...

    The move is the latest in a series of actions to limit the access of Chinese telecom firms to US networks.

    US officials have shown growing wariness in recent years of Chinese telecommunications companies and technology.

  • Rockets target US Syria base in latest strike: Centcom

    Beirut, Lebanon—Two rockets targeted a US patrol base in northeastern Syria late Friday, the third such attack in nine days, US...

    The strike at about 10:30 pm caused no injuries or damage to the base or coalition property, said Centcom, which covers the Middle East region

    On November 17 rockets targeted the coalition's Green Village base which is in Syria's largest oil field, Al-Omar, near the Iraqi border, Centcom said at the time

  • FNC’s UAE-EU friendship groups meets with Czech parliament

    PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah...

    The meeting discussed the importance of strengthening the cooperation between the two parliaments.

    The two parliamentary groups discussed ways of improving the relations between them.

  • Saudi would back bids for Man Utd, Liverpool, says sports minister

    Saudi Arabia would back private bids for Manchester United or Liverpool, its sports minister said, adding the kingdom was keen...

    Saudi Arabia last year snapped up England's perennial under-achievers Newcastle - at is now third in the Premier League.

    Saudi Arabia's chances of bidding for the World Cup would increase if it wins hosting rights for the 2026 and 2027 women's and men's Asian Cups.

  • China’s ‘iPhone city’ under Covid lockdown after violent clashes

    Authorities have ordered nearly six million residents of eight districts in Zhengzhou, in the central province of Henan, not to...

    There have been only a handful of coronavirus cases in the city but under China's zero-Covid policy even tiny outbreaks can spark gruelling lockdowns and travel restrictions.

    The lockdown in Zhengzhou follows protests by hundreds of employees over conditions and pay at Foxconn's vast iPhone factory on the outskirts of the city.

  • UAE takes part in IORA meetings in Bangladesh

    DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...

    The UAE affirmed its commitment to promoting inclusive growth and prosperity within the Indian Ocean region.

    The launch of the Sheikh Zayed IORA Scholarship for Humanitarian Action and Development was officially announced.

  • Iran defends strikes on northern Iraq, in letter to UN

    The Islamic republic has launched a series of cross-border missile and drone strikes on Iranian-Kurdish opposition groups, based in Iraq,...

    Iran has repeatedly accused Iranian-Kurdish opposition groups of fomenting unrest in the country since Amini's death in September

    Iranian-Kurdish groups have long inhabited areas of northern Iraq's autonomous Kurdistan region, previously waging an armed insurrection against Tehran

  • Libya expels over 200 migrants across land borders

    The United Nations had previously handled the repatriation of refugees from Libya, but the deal between authorities in the west,...

    The group of returnees included "105 Egyptians, 101 Chadians and 20 Sudanese."

    The operation was organized by the Interior Ministry of Prime Minister Abdulhamid Dbeibah's Tripoli-based government