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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.
  • Turkey plays down US sanctions threat over Russia ties

    Turkey's finance minister told businesses on Friday they should not be concerned by the threat of sanctions that Washington warns...

    The value of Ankara's trade with Moscow shot up by nearly 50 percent between May and July this year as NATO member Turkey has refused to join the international sanctions.

    US Deputy Secretary of the Treasury had warned Turkish banks and companies they would face secondary sanctions if they cooperated with sanctioned Russians.

  • In risky recycling venture, Gazans burn plastic for fuel

    It's an economic and practical solution in a territory blockaded by Israel for 15 years, but one which poses serious...

    In Gaza, where exchanges of fire between Palestinian militants and Israel for three days this month killed at least 49 Palestinians, health risks are outweighed by economic reality

    Unemployment has hit 47 percent and the average daily wage is around 60 shekels ($18), according to the Palestinian Central Bureau of Statistics.

  • OIC calls on international community to stand firm with Rohingyas

    The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya...

    The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya refugees to their homeland

    The OIC paid tribute to the Government and people of Bangladesh for their relentless efforts to provide protection, hospitality, and necessary assistance to Rohingya refugees

  • Japan seeks ‘sustainable world’ in Africa aid forum

    The eighth Tokyo International Conference on African Development (TICAD8) comes against the backdrop of China's rising influence, cemented on the...

    It is the first TICAD held every three years either in Japan or an African country since the pandemic began

    Alongside the summit, businesspeople will attend an economic conference while various parallel events and workshops will address civil society and women's inclusion

  • Iran urges IAEA to end undeclared nuclear sites issue

    The United States remains adamant that Tehran cooperate with the International Atomic Energy Agency to clear up suspicions about earlier...

    Iran came back last week with a series of proposed changes, to which the United States formally responded on Wednesday, a day after Tehran accused its arch-enemy of stonewalling

    The 2015 agreement between Iran and six world powers Britain, China, France, Germany, Russia and the United States gave the Islamic republic sanctions relief in exchange for curbs

  • Syria says two wounded in Israeli air strikes

    The Syrian Observatory for Human Rights said the strikes were targeting Iranian-aligned militia, causing "several casualties." Israeli strikes, the Britain-based...

    Since civil war broke out in Syria in 2011, Israel has carried out hundreds of air strikes against its neighbor

    The Israeli military has defended them as necessary to prevent Iran from gaining a foothold on its doorstep

  • France’s Macron announces ‘new page’ in Algeria ties

    Macron's office said his visit aims to "lay a foundation to rebuild and develop" a sometimes difficult relationship with the...

    Macron had landed earlier at Algiers' main airport where he was warmly greeted by Tebboune and a military band that played both national anthems

    In Algiers, few have much sympathy towards Macron, who during his first election campaign had described French colonialism as a "crime against humanity."

  • Germany backs Moroccan autonomy plan for W. Sahara

    A joint statement issued at the end of a visit to Rabat by Foreign Minister Annalena Baerbock said that "Germany...

    In 2020, the Donald Trump administration recognised Moroccan sovereignty over the territory in return for improved ties with Israel

    Morocco had suspended ties with Germany, one of its main trading partners, in March 2021, citing "deep misunderstandings" after Berlin criticised Trump's move

  • French president looks to ‘future’ on Algeria trip to mend ties

    President Emmanuel Macron arrived in Algeria on Thursday for a three-day visit aimed at mending ties with the former French...

    The first French president to be born after Algerian independence, Macron is hoping "to lay a foundation to rebuild and develop" a sometimes difficult relationship with Algiers.

    The two heads of state will visit a monument to martyrs of the country's war for independence, which ended more than 130 years of French colonial rule in 1962.

  • Jordan, GCC countries discuss higher education cooperation

    Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at...

    The meeting decided that the Jordanian side would draft executive programs and memoranda of understanding (MoU).

    The programs would prioritize areas of academic, student, research collaboration and expertise exchange.