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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.
  • Turkey to hold talks with US for sale of jet fighters

    A Turkish delegation will visit Washington next week to follow up on US President Joe Biden's pledge to deliver F16...

    Turkey was kicked out of the F35 Joint Strike Fighter program over its acquisition of an advanced Russian missile defense system in 2019

    A few US senators have said they will only approve the sale if Turkey ends its territorial dispute with historic rival Greece

  • Jordan, Yemen foreign ministers discuss ties, regional issues

    Safadi said Jordan welcomes the announcement of extending the cease-fire in Yemen for two months.

    Safadi said Jordan welcomes the announcement of extending the cease-fire in Yemen for two months

    The ministers stressed efforts to reach a political solution to end the Yemeni crisis and restore stability in the embattled country

  • Fate of nuclear plant remains uncertain as Ukraine war rages on

    The Russian-held Zaporizhzhia power plant in Ukraine, which is at the center of international concern amid mutual accusations of shelling...

    The power plant located close to the Crimean peninsula which was annexed by Moscow in 2014 was captured by Russian forces on March 4, 2022

    Ukraine says there are around 500 Russian troops at the plant and has called for the establishment of a demilitarized zone

  • Former Iraq PM calls for resumption of legislative sessions

    Nuri al-Maliki said, "Neither the dissolution of parliament nor the change of the regime nor early elections will be possible...

    Sadr's supporters have continued a sit-in protest in the gardens around the parliament, inside Baghdad's normally secure Green Zone

    On Thursday Shiite Coordination Framework had said they were conditionally open to Sadr's call for new elections, signaling a potential de-escalation

  • UN Security Council expresses concern over Gaza fighting

    Diplomats at the UN Security Council have expressed concern at the situation in Gaza despite the tenuous truce between Islamic...

    Egypt brokered the ceasefire ending the intense fighting that killed 44 people, including 15 children

    Palestinian ambassador Riyad Mansour denounced Israel's "unjustified aggression against Gaza

  • Jordan, Canada to forge cooperation in food and water security

    Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning...

    Canada is expected to support the education sector and vocational and technical education in Jordan.

    The two sides agreed to renew the MoU signed in 2015 between both countries to identify the areas where Canada could support Jordan.

  • ‘Iran examining EU’s final text at nuclear talks’

    Iran said Monday it is examining a "final text" presented by the European Union at the negotiations in Vienna aimed...

    Iranian sources have suggested an International Atomic Energy Agency probe is a key sticking point in reviving the nuclear deal.

    Talks aimed at reviving the agreement over Iran's nuclear program resumed on Thursday in Vienna, months after they had stalled.

  • Gaza crossing opens as truce holds between Israel, Islamic Jihad

    Gaza's health ministry said 15 children were among 44 people killed in three days of intense fighting. Despite a flurry...

    In addition to those killed, Gazan health officials said 360 people had been wounded in the Palestinian enclave, which is run by Hamas.

    "We have a lot of martyrs and wounded, and devastation and destruction, but Gaza is tending to its wounds," said Gaza resident Mohammed Alai.

  • GCC members call for peace in Gaza, condemn Israel

    The Secretary-General of the Gulf Cooperation Council (GCC) Naif Falah Mubarak Al-Hajraf condemned aggression of Israeli forces on the Gaza...

    UAE expressed concern over escalation and called for restraint to prevent Gaza from violence and instability while Saudi Arabia condemned the attack on Gaza Strip

    The Secretary-General of the Gulf Cooperation Council condemned Israeli forces for the attack on Gaza Strip, which resulted in multiple deaths

  • 30 inmates escape Lebanon’s notorious detention center using saw

    More than 30 people fled a Lebanon detention center at dawn on Sunday, security forces said, after sawing their way...

    The Adlieh detention center was formerly controlled by Lebanon's General Security agency but is now managed by the country's prison authority.

    It was notorious for abuses committed against detained Syrian refugees and foreign migrant domestic workers, according to rights groups, including Human Rights Watch.