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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.
  • US denies hints it is delaying Iran nuclear talks

    Denying suggestions that it is stalling a potential agreement to resurrect the Iran nuclear deal, State Department spokesman Ned Price...

    EU foreign policy chief Josep Borrell, who is leading the effort to bring the United States and Iran together in agreement, suggested Washington was now slowing the process

    Iran and major global powers struck a deal in 2015 to limit Tehran's nuclear program with the aim of preventing it from obtaining nuclear weapons

  • EU says Iran nuclear deal meeting likely this week

    A meeting on resurrecting the Iran nuclear deal could be held 'this week' after Tehran submitted its response to an...

    Earlier this month, after more than a year of talks, the EU submitted what it called a "final" text.

    The document aims at fully restoring the nuclear deal by bringing the United States back into it, after then-president Donald Trump had Washington withdraw in 2018.

  • China cements influence in Iraq through oil, infrastructure deals

    After decades of conflict, Iraq is in need of foreign investment, and specifically investment in energy sector infrastructure. China, with...

    Beijing has become one of the largest importers of Iraqi crude, and in 2021 accounted for 44 percent of Iraq's oil exports, according to prime ministerial adviser Muzhar Saleh.

    Iraq is among the many partners in China's vast "Belt and Road" infrastructure initiative, which Western leaders say risks saddling poorer countries with debt.

  • Spiritual leader of Israeli ultra-Orthodox party dies

    Cohen, who headed the Council of Torah Sages, the highest body in the Shas party, had been at the Hadassah...

    Born in Jerusalem in 1930, Cohen succeeded the highly influential Rabbi Ovadia Yossef who died in 2013

    Tens of thousands are expected to attend a funeral service later on Monday for the spiritual leader

  • Jordan and US look to broaden ‘deep-rooted’ partnership

    Jordan and the United States have discussed ways to boost cooperation in various fields and to broaden the 'deep-rooted strategic'...

    Ayman Safadi, Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, met with Elizabeth Allen, US Under Secretary of State for Public Diplomacy

    Safadi lay stress on the importance of US assistance provided to support the kingdom's development process

  • After six months of war, what’s next for Ukraine?

    Russian President Vladimir Putin announces on February 24, 2022 a "special military operation" to protect the Russian-speaking self-declared separatist republics...

    Kyiv and Moscow on July 22 sign a UN-Turkey mediated deal in Istanbul to resume grain exports in a bid to relieve a global food crisis

    On August 5, Russia and Ukraine accuse each other of shelling the Zaporizhzhia nuclear power plant in southern Ukraine that is under Russian military control

  • Europe prepares for winter without Russian gas

    Many believe Russian President Vladimir Putin is using energy supplies as a strategic weapon to put pressure on nations that...

    Berlin has accused Moscow of halting supplies over Western sanctions imposed over Russia's invasion of Ukraine

    The European Union has told its 27 member countries that they will have to cut their gas consumption by 15 percent

  • UAE Ambassador to Iran will soon resumes duties

    In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, the Ministry of Foreign Affairs and...

    The decision to appoint an envoy to Iran comes as part of a previous decision to increase diplomatic representation to the rank of ambassador

    The ambassador would contribute to advance bilateral relations between UAE and Iran

  • UAE, Egyptian leaders review fraternal relations in Al Alamein City

    President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of...

    President Sheikh Mohamed bin Zayed Al Nahyan has arrived in Al Alamein City on a visit to the Arab Republic of Egypt.

    President of Egypt, Abdel Fattah el-Sisi received UAE President Sheikh Mohamed at the airport where the leaders discussed cooperation between the two countries.

  • Help developing nations purchase Ukrainian grain: Guterres to rich nations

    UN Secretary-General António Guterres has called for wealthier countries to help developing nations purchase Ukrainian grain as supplies begin returning...

    The Secretary-General also called for more action to ensure full global access to Ukrainian food products, and Russian food and fertiliser, through the Black Sea Grain Initiative.

    Guterres explained that getting more food and fertiliser out of Ukraine and Russia is crucial to further calm commodity markets and lower prices.