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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.
  • Saudi Arabia says no Israel normalization without Palestinian state

    Riyadh, Saudi Arabia - Saudi Arabia said Wednesday it will not formalize ties with Israel unless a Palestinian state is established,...

    Both US President Donald Trump and his predecessor Joe Biden have backed Israel and Saudi Arabia having diplomatic relations

    Riyadh paused tentative talks on the matter early in the Gaza conflict and hardened its rhetoric as the war continued

  • Trump doubles down on Gaza shock plan, says Israel will turn over the territory to US

    Trump said that by the time of the handover, Palestinians "would have already been resettled in far safer and more...

    Trump first made the stunning proposal to audible gasps during a joint press conference with Netanyahu on Tuesday, whom he was hosting at the White House for talks

    Suggesting "long-term ownership" by the US, Trump said he would make Gaza the Riviera of the Middle East, and that "this could be something that could be so magnificient".

  • West Bank’s Jenin camp going in ‘catastrophic direction’: UNRWA

    The Israeli military launched a major offensive in the West Bank on January 21 aimed at rooting out Palestinian armed...

    The operation has also seen troops levelling buildings in a refugee camp adjacent to Jenin, according to UNRWA spokeswoman Juliette Touma.

    "Large parts of the camp were completely destroyed in a series of detonations by the Israeli forces. It is estimated that 100 houses were destroyed or heavily damaged," she said.

  • Risks are interconnected, need collaborative solutions, says WEF’s Mark Elsner

    Davos, Switzerland – Mark Elsner, Head, Global Risks Initiative, World Economic Forum sat with TRENDS during WEF’s summit in Davos...

    The Global Risks Report 2025, with insights from over 900 experts, identifies state-based armed conflict as the most immediate risk for 2025.

    The report was circulated ahead of the Davos meeting, which serves as a platform for advancing dialogue, cooperation, and partnerships.

  • Trump, Netanyahu to discuss Gaza ceasefire, regional stability in White House meeting

    Trump has floated a controversial plan to relocate Palestinians to neighboring countries, but Egypt, Jordan, and ceasefire mediator Qatar have...

    Netanyahu is in Washington for talks with the new Trump administration on a second, longer-term phase of Israel's fragile truce with the Palestinian group Hamas

    Trump has meanwhile repeatedly touted a plan to "clean out" Gaza, calling for Palestinians to move to neighboring countries such as Egypt or Jordan

  • OPEC+ sticks to oil output plan after Trump’s price demand

    In a bid to boost prices, the Organization of the Petroleum Exporting Countries (OPEC) headed by Saudi Arabia and Russian-led allies...

    In December, eight OPEC+ countries announced they would start phasing out 2.2 million bpd of voluntary supply cuts from April.

    The decision to stick to the alliance's timetable to unwind cuts comes after Trump said last month that he would ask Saudi Arabia and OPEC to lower oil prices.

  • Syrian President’s first foreign trip to Saudi Arabia signals Syria’s shift away from Iran’s influence.

    Syrian President Ahmed al-Sharaa met Saudi Crown Prince Mohammed bin Salman in Riyadh, marking his first foreign visit and signaling...

    Al-Sharaa’s visit signals Syria’s pivot away from Iran and closer ties with the Gulf states

    Saudi Arabia is leading efforts to reintegrate Syria into the regional fold and push for sanctions relief

  • Maori-led AI initiative can revolutionize language preservation, says Peter-Lucas Jones

    Davos, Switzerland -- Peter-Lucas Jones, a Kaitaia native, who has been listed in the prestigious Time100 AI 2024 List, was...

    Peter-Lucas Jones, a Time100 AI 2024 List honoree, discussed AI's role in preserving the Te Reo Maori language at the World Economic Forum in Davos.

    His team at Te Hiku Media developed Te Reo Maori natural language processing tools and an automatic speech recognition model.

  • Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling

    Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...

    The key report findings highlighted that there will be 78 million new job opportunities by 2030 but urgent upskilling is needed to prepare workforces.

    The fastest-growing skills by 2030 will include technological skills alongside human skills, such as cognitive skills and collaboration.

  • Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung

    Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...

    From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.

    It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.