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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.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.
  • Israeli spy chief to meet US officials on Iran deal

    Prime Minister Yair Lapid said that Israel's "diplomatic fight" against the deal included its  national security advisor and defense minister...

    Israel says a deal would facilitate the funding of Iran-supported militants, while not preventing Tehran from developing a nuclear weapon

    In 2018, then-US president Donald Trump unilaterally withdrew from the agreement designed to prevent Iran from developing a nuclear weapon

  • Kuwait government calls September election amid political tensions

    The only Gulf state with a fully elected legislature, the key oil producer has been hit by regular feuding between...

    That came amid growing disputes between that cabinet and opposition MPs, who had won nearly half the seats in the legislature during the previous election in December 2020.

    The opposition has regularly accused ministers from the royal family of mismanagement and corruption.

  • Tokyo to push for African seat on UN Security Council, says Japan PM

    Japan will use its place on the United Nations Security Council to push for an African seat on the top...

    Japan was among five countries elected in June to hold a non-permanent seat on the UN Security Council for 2023 and 2024

    Japanese PM also promised aid to train police officers and support "fair and transparent" elections across the continent

  • Turkey accuses Greece of ‘hostile action’ against jets

    The two uneasy NATO neighbors have long-standing sea and air boundary disputes which lead to near-daily air force patrols and...

    Greek defense ministry sources dismissed the allegations made by Turkey saying that it's S-300 missile system has never put a lock on Turkish F-16 jets.

    Turkey has in recent months complained of what it calls provocative actions by Greece, saying such moves undermine peace efforts.

  • Two US Navy warships transit through Taiwan Strait

    The US Seventh Fleet said the pair of Ticonderoga-class guided-missile cruisers the USS Antietam and the USS Chancellorsville conducted the...

    Tensions in Taiwan Strait has been soared to their highest level recently as US House Speaker Nancy Pelosi visited Taipei this month

    US and Western allies of Taiwan have increased "freedom of navigation" crossings by naval vessels of both Strait around the island and South China Sea

  • Iraq’s Sadr suggests ‘all parties’ resign from government posts

    For nearly a year, Iraq has struggled to break a political deadlock that has left the country without a new...

    Since the aftermath of the US-led invasion of 2003 that toppled long-time dictator Saddam Hussein, Iraq has been governed under a sectarian power-sharing system

    Sadr's supporters have for weeks been staging a sit-in outside Iraq's parliament, after initially storming the legislature's interior, to press for their demands.

  • Turkey denounces Macron’s remarks as ‘unacceptable’

    Turkish foreign ministry denounced the comments as "unacceptable." The ministry said that French President has "difficulties in confronting his colonial...

    Macron appeared to warn young Algerians and Africans against manipulation by "networks" influenced by Turkey that present France as an "enemy".

    In reply, Turkish foreign ministry spokesman Tanju Bilgic slammed what he described as the French leader Macron's "extremely unfortunate" comments.

  • Libya violence leaves 23 dead, fueling fears of new war

    The two rival administrations competing for control of Libya have exchanged blame for the flare-up in violence killing 23 people...

    Clashes between backers of rival governments didn't spare hospitals, hitting six of them as ambulances struggled to reach areas affected by the violence

    Richard Norland, the US ambassador to Libya, said in a statement that Washington "condemns" the surge in violence, urging an "immediate ceasefire"

  • Macron winds up Algeria visit with ‘irreversible dynamic’ of progress

    French President Emmanuel Macron and his Algerian counterpart Abdelmadjid Tebboune Saturday declared a "new, irreversible dynamic of progress" in their...

    The three-day visit comes less than two months after Algeria marked six decades of independence following 132 years of French rule

    It comes as European powers scramble to replace Russian energy imports - including with supplies from Algeria, Africa's top gas exporter

  • Putin allows Ukrainians to live, work in Russia ‘indefinitely’

    The new measure allow Ukrainian citizens and people from Ukraine's separatist eastern regions that Russia recognizes as independent to work...

    Up until now, Ukrainians could only stay in Russia for a maximum of 90 days within a 180-day period

    3.6 million Ukrainians, including 587,000 children, had entered Russia since the start of the offensive.