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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.
  • UAE scores high in 11 best expatriate destination parameters: Survey

    The UAE has exceeded international figures in 11 indexes on the best expatriate destinations based on various factors, which include...

    German research firm InterNations said UAE achieved advanced positions in four key pillars and 11 indexes, out of five pillars and 17 indexes.

    About 94 percent of those surveyed felt safe in the UAE while the global rate was under 81 percent.

  • Dubai airport gears up to ease transit travel for World Cup supporters

    Dubai International Airport, a major aviation hub, is gearing up to help ease transit travel for World Cup supporters ahead...

    The first World Cup ever held in a Middle Eastern country is set to kick off in Qatar on November 20, and will last until December 18.

    Gulf states have agreed to ease administrative procedures for fans in transit, in particular through the United Arab Emirates.

  • Uniper, German energy giant, records net loss of $12.5bn in H1

    Russia's war in Ukraine has caused turmoil in European energy markets, especially in Germany, which is heavily dependent on Russian...

    Uniper on Wednesday reported heavy first-half losses which it blamed on Russia squeezing gas deliveries in the wake of the Ukraine war.

    The German government agreed in late July to take some 30-percent stake in Uniper, which was threatened with bankruptcy as a result of the crisis

  • UN ship with grain for Africa leaves Ukraine: ministry

    The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti "for delivery to Ethiopia",...

    Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia's invasion

    The agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv

  • UN chief to hold talks with Ukraine, Turkey leaders in Lviv

    UN spokesman Stephane Dujarric said that Antonio Guterres will discuss ‘the need for a political solution to this conflict’ in...

    UN spokesman said he had "no doubt that the issue of the nuclear power plant" would be raised at Thursday's meeting in Lviv

    Ukraine said Russia had launched an offensive from an oil refinery in the recently captured city of Lysychansk in Lugansk province

  • UAE presents Order of the Union to Pakistan Army chief

    Sheikh Mohamed received General Bajwaat Qasr Al Bahr Majlis and discussed with him bilateral cooperation and joint action in areas...

    Sheikh Mohamed received General Bajwaat Qasr Al Bahr Majlis and discussed with him bilateral cooperation and joint action in areas of defence

    They also exchanged views on an array of the latest regional and global issues and developments of mutual concern

  • Tunisians firmly backed new constitution: final results

    Voters overwhelmingly approved the new constitution, the electoral board said, officially announcing definitive results from the July 25 poll. The...

    The referendum came a year to the day after Saied sacked the elected government

    Opposition politicians have warned of a return to dictatorship under the new constitution

  • Turkey air strikes on Syrian border posts leave 17 dead

    Tension spiked between Turkey and Syria after the former launched air strikes on Syrian border posts, killing 17 fighters. It...

    Turkey has carried out a series of cross-border offensives targeting Kurdish forces and the Islamic State group since 2016

    According to a military source quoted by the official SANA news agency three Syrian soldiers were among the dead and six were wounded in the Turkish raids

  • Dubai has comprehensive plans to ensure food security: Crown Prince

    Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that...

    The Dubai Food Security Committee constantly reviews current opportunities and challenges within the national food security strategy framework, he said.

    The crown prince said Dubai will continue pursuing ways to strengthen the emirate’s resilience and food sustainability irrespective of the global environment.

  • Spain PM hopes Europe gas pipeline will soon be ready

    Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through...

    Russia has reduced deliveries and nations are scrambling for supplies to avoid a possible shortage this winter, while prices for gas and electricity have soared

    Spain currently has six liquefied natural gas (LNG) terminals for processing deliveries made by huge sea tankers back into gas and injecting them into its pipeline network