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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.
  • Iran begins military drone drills to show ‘power’

    Iranian army displayed its first division of ships and submarines capable of carrying armed drones in July when US President...

    The drills, according to Iran, will take place from the Gulf and the Sea of Oman in the south, to the eastern, western, northern and central parts of the country

    The US and Israel have previously accused Tehran of using drones and missiles to attack US forces and Israel-linked ships in the Gulf

  • US says Iran eased demands for nuclear deal

    The United States is expected shortly to respond to Iran through European Union mediators, after a year and a half...

    Biden has supported returning to the accord trashed by former president Donald Trump and Iran has pressed hard in negotiations in Vienna

    The senior US official said Iran would again face "the most comprehensive inspections regime ever negotiated

  • Algeria detains ex-premier in crackdown on corruption

    Noureddine Bedoui, the former prime minister of Algeria, has been detained on court orders, two days after another court had...

    Bedoui, who served as interior minister, was seen as an unwavering Bouteflika loyalist and was despised by the Hirak protest movement that toppled them both

    After Bouteflika's fall, prosecutors launched graft investigations against people in his close circle, which led to several other top figures receiving hefty prison sentences

  • Kuwait central bank issues $792 bonds, tawarruq for three months

    The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...

    The bank said in a statement that the new securities have a return rate of 2.625 percent.

    Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.

  • Eight more grain silos collapse at blast-ravaged Beirut port

    A cloud of dust rose over the port after the collapse, which brought down the last of the northern block...

    The silos had absorbed much of the impact of the massive explosion of haphazardly stored ammonium nitrate fertiliser that killed more than 200 people on August 4, 2020.

    Only 12 of the original 48 silos are still standing, all of them in the southern block, said French civil engineer Emmanuel Durand, who has installed sensors on the silos.

  • Sadr supporters begin sit-in outside top Iraq judicial body

    Several hundred supporters of Shiite cleric Moqtada Sadr launched a sit-in outside Iraq's top judicial body on Tuesday, ratcheting up...

    On August 10, Sadr gave the Supreme Judicial Council one week to dissolve parliament to end the political deadlock

    Last week, caretaker Prime Minister Mustafa al-Kadhemi convened crisis talks with party leaders, but they were boycotted by the Sadrists

  • Jordan king Abdullah meets Arab leaders in Egypt

    The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival...

    The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival at El Alamein International Airport on Egypt’s north coast

    Egyptian President Abdel-Fattah al-Sisi and visiting President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan underlined the importance of strengthening Arab unity

  • US expresses concern about violence on Syria-Turkey border

    The recent bloodshed came against a backdrop of increased tensions pitting the Kurdish-led Syrian Democratic Forces (SDF) against Turkish troops...

    On Friday, Kurdish authorities said that a pre-dawn strike by a Turkish drone hit "a training center for young girls" in the Shmouka, killing 4 children and wounding 11

    Britain-based Syrian Observatory for Human Rights said artillery fire on a market by pro-regime forces killed 17 civilians including six children

  • Libya digs up ‘mass grave’ with seven bodies

    Mass graves were initially discovered in Tarhuna in June 2020 following the withdrawal of forces of Khalifa Haftar, an eastern...

    A "mass grave" was discovered on Sunday in a "public waste dump" and seven bodies have been exhumed

    More than 250 bodies have been found since 2020 in the farming town, which was controlled for years by the Kaniyat militia

  • Israel warns Hezbollah attack on gas field may spark war

    Israeli Defense Minister Benny Gantz has warned Hezbollah that any attack on its gas assets could set off war, after...

    Gantz said extraction from the gas field would begin "when it is ready to produce," reaffirming Israel's claim to Karish

    Israel and Lebanon last fought a devastating conflict in 2006 and remain officially at war, with United Nations peacekeepers patrolling the land border