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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.
  • Syria more than doubles petrol prices, says commerce ministry

    Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel...

    The cost of a liter of subsidized fuel will rise to US$0.99 (2,500 Syrian pounds), from US$0.43 (1,100 Syrian pounds)

    The cost of non-subsidized petrol will rise from US$1.39 (3,500 Syrian pounds) to US$1.59 (4,000 Syrian pounds), the ministry said.

  • UAE ahead of US, UK as millionaire destination

    The Ukraine conflict has triggered the biggest immigration of high-net-worth Russians, many of whom are likely to move to the...

    Destinations such as Australia, Singapore, Israel, Switzerland, the United States, Portugal, Greece, Canada and New Zealand are behind UAE as preferred millionaire destinations.

    Henley Global Citizens Report estimates that 15,000 High Net Worth Individuals could leave Russia by the end of this year.

  • Six children among 31 Palestinians killed in Israeli Gaza bombardment

    The fighting is the worst in Gaza since a war last year devastated the impoverished coastal territory, home to some...

    US urges calm but says Israel has the 'right to defend itself'. Gulf Cooperation Council asks international community to 'act urgently'.

    Gaza's health ministry said the next few hours will be "crucial and difficult", warning that without electricity it soon risked suspending vital services.

  • Chad leader engages with rebels in Qatar to reach peace deal

    Mahamat Idriss Deby Itno, who seized power in the Central African nation after his father was killed battling rebels last...

    Peace dialogue in Chad would aim to hold the country's most important elections since its independence in 1960

    Qatar hoped the accord would be signed on Monday but diplomats said late obstacles had created doubts

  • Arrival of first ship in Lebanon with Ukraine grain put off

    The Sierra Leone-flagged Razoni was cleared for passage through the Bosphorus Strait by a team that included Russian and Ukrainian...

    An official following the shipment said the vessel might not even dock in Lebanon if the cargo's owner manages to sell it elsewhere

    The Sierra Leone-flagged Razoni set sail from the Ukrainian port of Odessa last Monday carrying 26,000 tons of corn, and stopped in Turkey the next day

  • Turkish court rules against release of pro-Kurdish politician

    Tugluk was arrested for her activities with the Democratic Society Congress , an organization considered by the Turkish authorities to...

    Aysel Tugluk, now 57, was the deputy co-chair of the pro-Kurdish Peoples' Democratic Party (HDP) before her arrest in 2016

    Although it was decided to release her as part of another case, an Ankara court on Friday ruled she should stay in prison over the 2018 conviction

  • Police use force on Iraq Kurds demanding end to corruption

    Violence erupted in Iraq's autonomous Kurdistan region when security forces fired tear gas and rubber-coated bullets Saturday into crowds of...

    New Generation party, run by the opposition, had called for demonstrations in Sulaimaniyah and other cities in the country's north

    Human rights groups regularly criticize Iraqi Kurdish authorities for carrying out arbitrary arrests, suppressing protests and attacking press freedoms

  • Gaza’s only power plant closes due to fuel shortage

    Gaza's sole power plant shut down on Saturday after running out of fuel, an electricity company spokesman said, five days...

    The power station has gone without fuel deliveries through Israel since the country shut its goods and people crossings with Gaza on Tuesday.

    In a statement, Gaza's electricity company said the shutdown will affect all public utilities, crucial installations and exacerbate the humanitarian situation

  • UN chief calls for global nuclear disarmament

    It is totally unacceptable for states in possession of nuclear weapons to admit the possibility of a nuclear war, United...

    The UN Secretary-General warned that a new arms race is picking up speed and world leaders are enhancing stockpiles at a cost of hundreds of billions of dollars

    Guterres called the current Review Conference of the Treaty on the Non-Proliferation of Nuclear Weapons in New York a "sign of hope".

  • EU asks for restraint as Gaza violence escalates

    The European Union called for maximum restraint in the Gaza Strip's worst escalation of violence since a war last year....

    Israel hit Gaza with deadly air strikes on Saturday and a Palestinian militant group retaliated with a barrage of rocket fire

    Israel has said it was forced to launch a "pre-emptive" operation, insisting the Palestinian group was planning an imminent attack