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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.
  • Kuwait appoints Nasser Al-Hein as permanent envoy to UN

    Nasser Al-Hein has enjoyed a prolific diplomatic career, having represented his country in a slew of international  events over the...

    Al-Hein submitted his credentials to Tatiana Valovaya, head of the UN Office in Geneva

    The UN official while accepting the Kuwaiti diplomat's credentials praised the country's humanitarian devotion and its ties with the UN

  • Russian President pitches ‘combat-tested’ weapons to allies

    While the Ukraine war rages on, Russian President Vladimir Putin has pitched weapons to allies around the world, lauding them...

    The President boasted weapons are valued by military professionals for their "reliability, quality and most importantly -- high efficiency"

    According to the Stockholm International Peace Research Institute (SPIRI), Russia is the second largest arms exporter in the world after the United States

  • Bahrain, Saudi to cooperate in job localization, labor market regulation

    Bahrain and Saudi Arabia have discussed ways to enhance technical cooperation in the areas of job localization programs and labor...

    They reviewed their plans in the field of training citizens and applied professional standards.

    Saudi minister praises Bahrain’s position and leadership in regulating the labor market, noting its experience in enhancing social protection for workers through the unemployment.

  • Iran to deliver ‘final’ nuclear talks proposal Monday: Foreign Minister

    The American side has verbally accepted the two demands from Iran, said Hossein Amir-Abdollahian. "If our opinion is accepted, we...

    Iran may accept a final compromise worked out in Vienna to save the landmark 2015 deal, which is aimed to curb its nuclear programme in return for sanctions relief.

    The deal has been moribund since the 2018 withdrawal of the United States under then president Donald Trump.

  • Former Israeli army chief joins new party to contest poll

    Recent media reports had said that Eisenkot, chief of staff from 2015 to 2019, was being courted by political parties...

    The election, set for November 1 after parliament was dissolved on June 30, will be the country's fifth in less than four years

    Lawmaker Matan Kahana, of former premier Naftali Bennett's right-wing Yamina party, has also joined hands with Benny Gantz

  • Iran denies hand in attack, blames Rushdie for insulting Islam

    Three days after the assault on Salman Rushdie, Iran has denied any link with the attacker who stabbed British writer...

    Hadi Matar, the suspected assailant from New Jersey, was wrestled to the ground by staff and other audience members before being taken into police custody

    Salman Rushdie had spent years under police protection after Iranian leaders called for Rushdie's killing over his portrayal of Islam and the Prophet Mohammed in the novel

  • Iran says Kuwait to send first envoy since 2016

    Kuwait recalled its ambassador and the United Arab Emirates downgraded relations with Iran after Saudi Arabia that year cut ties...

    Badr Abdullah al-Munikh, Kuwait's new ambassador, has presented his letter of credence to Iranian Foreign Minister Hossein Amir-Abdollahian

    Saudi Arabia and Iran have had no diplomatic relations for six years, but have held talks, hosted by Iraq, since April last year in a bid to mend ties

  • Egypt mourns 41 killed in Cairo church fire

    Witnesses to the fire Sunday morning described people rushing into the multi-storey house of worship to save those trapped, but...

    President Abdel Fattah al-Sisi directed the Armed Forces Engineering Authority to "take over the reconstruction and renovation" of the church

    A statement from the office of UN Secretary-General Antonio Guterres offered his "deepest condolences" to the families of the victims

  • Sanction partners: Iran’s top automaker eyes Russian market

    Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...

    The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.

    "We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.

  • UAE authorities urge caution on roads as dust storms return

    Large parts of the United Arab Emirates were hit by dust and sandstorms on Sunday as authorities urged caution on...

    Homes and landmarks in major cities were caked in a fine layer of brown dirt and visibility plunged in the latest adverse weather following a series of such storms in Middle East.

    Forecasts of rainstorms this week, unusual in high summer in the desert state, follow the deaths of seven Asian migrants in flash flooding last month.