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Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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.
  • UAE, Serbian Presidents discuss bilateral relations

    UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...

    The two leaders discussed a number of regional and global issues and developments of mutual concern.

    The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.

  • Sympathy, solidarity as US marks 21st anniversary of 9/11

    Relatives of victims, police officers, firefighters and city leaders gathered at the National September 11 Memorial in Lower Manhattan, where...

    They rang bells and held moments of silence at 8:46 am and 9:03 am, the precise times the passenger jets struck the World Trade Center's North and South Towers.

    Biden commemorated the anniversary at the Pentagon, where Al-Qaeda hijackers crashed a plane into the massive building that serves as Defense Department headquarters.

  • Kuwait has strongest passport in MENA region

    Henley Passport Index 2022 ranks 199 countries for the strength of their passports. Japan was ranked first, followed by Singapore...

    These three countries have reversed the pre-covid-19 pandemic rankings, in which European nations were dominating.

    Ranking was based on the number of destinations the passport holders could access without prior visa.

  • Gas shortage threatens French yoghurt production

    The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...

    Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.

    French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.

  • Queen Elizabeth II sets off on last journey

    The odyssey of mourning over Britain's longest-reigning monarch in history will culminate in her state funeral in London on September...

    Since the queen's death aged 96 on Thursday, her body has remained at her Balmoral estate in northeast Scotland.

    On Sunday, the coffin will be taken by road to the 500-year-old Holyroodhouse palace, set against the dramatic backdrop of Arthur's Seat

  • Syrian refugees to set off in caravan for EU from Turkey

    Desperate to rid the uncertainty hanging over their future, dozens of Syrian refugees in Turkey are planning to form a...

    Organizers say the caravan will be split into groups of up to 50 people, each led by a supervisor

    Turkish President Recep Tayyip Erdogan has said he is preparing to send back one million Syrian refugees on a voluntary basis

  • Iran terms statement on nuclear talks “unconstructive”

    Castigating the three European powers for an “unconstructive” statement about negotiations aimed at reviving a 2015 nuclear deal, Iran has...

    The 2015 agreement, known formally as the Joint Comprehensive Plan of Action or JCPOA, gave Iran sanctions relief in return for restricting its nuclear program

    The negotiations in Vienna since April 2021 have aimed to restore the deal by lifting the sanctions on Tehran once again and pushing Iran to fully honor its obligations

  • Loan exemptions: GCC’s way to help individuals, firms

    The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...

    The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens

    Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region

  • Summit in UAE discusses global partnerships, prosperity

    Over 200 senior officials convened in the "Ambassadors Forum", organized by the World Government Summit Organization in partnership with UAE...

    The summit discussed role of diplomacy in shaping future governments and achieving global prosperity.

    UAE Minister of Economy spoke on the critical priorities for governments in the next decade.

  • Pentagon combines sea drones, AI to police Gulf region

    The year-old program operates numerous unmanned surface vessels, or USVs, in the waters around the Arabian peninsula, gathering data and...

    The drones are operated by the Bahrain-based US 5th Fleet's Task Force 59, created last year to integrate unmanned systems and artificial intelligence into Middle East operations

    Airborne and subsea drones are pretty well developed and proven, but unmanned surface boats are much newer and yet essential for the future