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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.
  • Saudi delegation visits Jordan’s Petra to enhance cooperation

    A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...

    PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.

    The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.

  • IAEA calls for security zone at Ukraine’s nuclear plant

    The International Atomic Energy Agency called Tuesday for the establishment of a security zone around Ukraine's Zaporizhzhia nuclear power plant,...

    The occupation of the nuclear power plant, Europe's largest, has sparked fears of a nuclear disaster as both Russia and Ukraine trade blame for shelling the site.

    IAEA said in a report that the current situation is untenable after it sent a team to the plant.

  • Stocks push higher, but yen and euro under pressure

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain...

    European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation.

    Frankfurt rebounded somewhat despite news that Germany's industrial orders slumped for the sixth consecutive month in July.

  • UAE takes part in G20 Health Working Group in Indonesia

    UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia...

    The UAE ministry's delegation highlighted the importance of promoting solidarity among member states to better meet essential health needs.

    The delegation said UAE is ready to cooperate with Indonesian officials to expand vaccine manufacturing and research hubs for pandemic prevention.

  • Liz Truss becomes new UK PM, Johnson pledges support

    She faces a daunting to-do list, with the UK in the grip of its worst economic crisis in decades, with...

    Business Secretary Kwasi Kwarteng is expected to become finance minister, Attorney General Suella Braverman home secretary, and James Cleverly to foreign affairs.

    Johnson, whose tenure was dominated by Brexit and Covid and cut short by a succession of scandals, earlier promised Truss his unswerving support in his farewell speech.

  • Erdogan blames Europe’s energy crisis on Russia sanctions

    Erdogan told reporters before departing for a three-nation swing through the Balkans that European nations were "harvesting what they sowed"...

    Kremlin spokesman on Monday blamed Russia's halt of gas deliveries to Germany via the Nord Stream pipeline on "sanctions that were imposed against our country"

    Analysts believe the deal will ensure that Russia will continue to supply Turkey with gas through the TurkStream pipeline running under the Black Sea

  • Sixteen European news agencies launch joint Brussels newsroom

    The 16 agencies -- dpa, AFP, AGERPRES, ANSA, APA, ATA, Belga, BTA, EFE, Europa Press, FENA, HINA, MIA, STA, Tanjug and...

    The hope is that by working more as a network, the agencies' pooled resources will provide a deeper understanding of European news to readers in their home national markets.

    Journalists from the smaller European agencies will share workspaces in Belga's Brussels headquarters and offices near EU headquarters, as well as training opportunities.

  • Palestinian killed in Israel West Bank raid: Palestinians

    Human rights activists say Israel's policy of demolishing the homes of suspected attackers amounts to collective punishment, as it can render non-combatants,...

    Palestinian official news agency Wafa identified the dead man as Mohammed Musa Mohammed Sabaaneh, 29

    The Israeli army said it entered Jenin overnight "in order to demolish the residence" of the perpetrator of a deadly shooting attack in Tel Aviv in April

  • Algeria a ‘reliable’ gas supplier: EU chief Michel

    European officials have been looking to Algeria, Africa's biggest gas exporter, to fill a shortfall in supplies after Russia's invasion...

    Before the Ukraine war, Algeria provided the European Union with some 11 percent of its gas needs

    Algiers has seen a string of high-profile visitors in recent months seeking to boost exports

  • France raises Russian sanctions-busting with Turkey

    Catherine Colonna met her Turkish counterpart Mevlut Cavusoglu before flying to Athens on Tuesday to address a new spike in...

    Official data show the value of Turkish exports to Russia between May and July growing by nearly 50 percent from last year's figure

    Erdogan has previously argued Ankara cannot join Western sanctions on Moscow because of Turkey's heavy dependence on Russian oil