Search Site

Trends banner

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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.
  • 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

  • UAE president, Jordan king meet, discuss ties, regional issues

    The two leaders reviewed existing areas of partnership and explored opportunities to develop ties further.

    The two leaders reviewed existing areas of partnership and explored opportunities to develop ties further

    The meeting also covered a number of regional and international issues of mutual concern

  • GCC rejects malicious media campaign targeting bloc

    Beside approving various programmes and joint projects, the region's information ministers discuss strategic plan for joint media cooperation between the...

    Beside approving various programmes and joint projects, the bloc's information ministers discuss strategic plan for joint media cooperation between the GCC countries.

    The ministers also approve cooperation projects between news agencies, electronic media and cooperation in the field of external media

  • EIC calls UAE as the leader in renewable energy sector

    London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on...

    An EIC report titled “UAE: EIC Country Report – November 2022”, highlights the UAE’s Hydrogen developments in the sector.

    “The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report said

  • Lebanon parliamentarians fail to pick President for seventh time

    Lawmaker Michel Moawad, who is seen as close to the United States, won the support of 42 of parliament's 128...

    Parliament is split between supporters of Hezbollah movement and its opponents, neither of whom have a clear majority.

    Lebanon's total contraction of 37.3 percent in real GDP since 2018, among the worst the world has seen, has already wiped out 15 years of economic growth.

  • UN rights council orders international probe of Iran crackdown

    With 25 votes in favour, six opposed and 16 countries abstaining, the UN's highest rights body agreed to create an...

    Iran denounced the move. "Europe and the US lack the moral credibility to preach... on human rights," said Khadijeh Karimi, Iran deputy of the vice president for women.

    UN rights chief Volker Turk said he had offered to visit Iran but had received no response from Tehran.

  • ADFD to finance building, upgrade of water projects in Argentina

    Abu Dhabi, UAE---Abu Dhabi Fund for Development (ADFD) will finance a water project in Cordoba province of Argentina under an...

    Costing, $28.8 million, the project will see building of modern water plants and expanding existing water stations in 26 villages of Cordoba province.

    The project will involve the laying of about 255-kilometer supply lines and establishing 14 new pumping stations and purification plants.

  • Jordan Minister calls for MENA-Europe electric connection project

    AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...

    Jordan's Minister said electric connection with Europe achieves integration by supplying the continent with relatively low-cost energy.

    He said that Jordan seeks to turn its electric power grid into a smart one.

  • Saudi Arabia storm closes schools, cuts main road to Makkah

    Riyadh, Saudi Arabia---Heavy rains in the Saudi coastal city of Jeddah on Thursday delayed flights, forced school suspensions and closed...

    Images posted to social media on Thursday showed standing water snarling traffic in Jeddah and partially submerging some vehicles.

    The city's King Abdulaziz International Airport said that "due to weather conditions, the departure of some flights has been delayed" and urged passengers to contact carriers.