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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.
  • Clean energy is key for Indonesian economy, says IEA

    Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...

    Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.

    The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.

  • ‘Turkey can mediate Ukraine nuclear plant standoff’

    Turkey can mediate in a standoff over Ukraine's Zaporizhzhia nuclear power station, occupied by Moscow's troops, President Recep Tayyip Erdogan...

    Erdogan had warned of the danger of a nuclear disaster when he visited Lviv last month for talks with his Ukrainian counterpart Volodymyr Zelensky.

    There has been growing alarm over the safety of Europe's largest nuclear plant, Zaporizhzhia

  • UAE keen to work with global partners to address energy issues

    A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...

    The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.

    During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.

  • Qatar to chair annual conference of AASGP in Cairo

    Qatar will chair the 9th Annual Conference of the Arab Association of Secretaries General of Parliaments (AASGP), to be held...

    The conference will discuss several topics related to the role of the General Secretariat in supporting the legislative process, and ways to develop its work mechanisms

    It is scheduled to feature the 40th General Assembly meeting, and a workshop on the functions of the Secretary-General in the Arab countries

  • US approves $1.1 billion in arms for Taiwan, angering China

    The sale comes a month after House Speaker Nancy Pelosi defiantly visited the self-governing democracy, prompting mainland China to launch...

    The deal also includes $85.6 million for more than 100 Sidewinder missiles, a mainstay of Western militaries for their air-to-air firepower

    Taiwanese Presidential Office spokesman Chang Tun-han in a statement thanked the United States for its continued support for the island's security and defense

  • West, Russia trade pressure on energy as Ukraine goes on attack

    The Group of Seven major industrial democracies vowed to move urgently to set a price cap on Russian oil imports,...

    Russian gas giant Gazprom said it had halted gas deliveries to Germany for an indefinite period as there were leaks in a turbine

    Gazprom earlier said it expected a resumption on Saturday of gas shipments through Nord Stream, a pipeline that links St Petersburg to Germany

  • Iran says it briefly seized two US drone vessels in Red Sea

    Three days after it seized a US military drone vessel in the Gulf, the Iranian navy took control of two...

    The US Navy said that its 5th Fleet detected the Iranian ship approaching both unmanned vessels and removing them from the water

    Iran stepped up its naval presence in the Gulf of Aden after a wave of attacks by Somalia-based pirates between 2000 and 2011

  • Iraq anti-govt activists demand political change after unrest

    Brandishing banners and Iraqi flags, the non-partisan protesters streamed into west Baghdad's al-Nusoor square, demanding a complete political overhaul. Demonstrators shouted...

    Others carried banners and sang slogans deploring interference by neighbouring Iran, according to videos and images circulating on social media networks.

    The peaceful demonstrators were supporters of an anti-government protest movement that erupted in October 2019 but has since died down.

  • G7 to ‘urgently’ implement Russian oil price cap

    G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid...

    Households in Europe have borne the brunt of rising energy prices, with governments under pressure to alleviate the pain of the resulting high inflation.

    Moscow would "simply not supply oil and petroleum products to companies or states that impose restrictions".

  • Jordan PM refers to shared views in meeting with Kuwaiti minister

    Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in...

    The Jordanian PM reiterated to the Kuwaiti minister the two countries’ shared views on Arab, regional and international issues.

    The Kuwaiti Minister is in Jordan to attend the 21st Amman International Book Fair.