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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 pay for some Russian gas in rubles, says Erdogan

    President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in...

    Neither Erdogan nor Russian officials have said what portion of the gas will be covered by ruble payments

    Russia accounted for about a quarter of Turkey's oil imports and 45 percent of its natural gas last year

  • Egypt works behind-the-scenes to douse Gaza violence

    Egypt has been working behind-the-scenes to bring about de-escalation in the hostilities between Israel and Islamic Jihad in Gaza.

    Egyptian mediation efforts began on Friday when Israel launched attacks on what it described as Islamic Jihad targets

    An Islamic Jihad delegation may travel to Cairo later on Saturday

  • China drills reveal plans for Taiwan blockade: experts

    The visit to Taiwan by US House Speaker Nancy Pelosi -- second in line to the presidency -- sparked outrage...

    It is the first time Chinese exercises have taken place so close to Taiwan, with some of the drills happening less than 20 kilometres from the island's coast

    A "blockade scenario" was long speculated to be one of China's preferred strategies were it to try and conquer the island

  • British delegation and SIRA explore security cooperation

    A British Home Office security delegation has met with the officials from the Security Industry Regulatory Agency (SIRA) to discuss...

    The CEO of SIRA Khalifa Ibrahim Al Saleis received the delegation and the British Embassy officials

    The British delegation paid a visit to the Security Training Affairs Department that develops a variety of latest security training courses

  • Violence breaks out in Tripoli as two Libyan rival groups clash

    Peace eludes Libya two years after a landmark truce ended a ruinous attempt by eastern military chief Khalifa Haftar to...

    According to media reports the fighting, with light and heavy weapons, occurred in the El Jebs district in the city's south

    Although the transitional government had a mandate to lead the country to elections last December, but they never took place due to division over candidates

  • Masdar, TANESCO JV to develop renewable energy projects in Tanzania

    As a first step, the two companies intend to develop solar photovoltaic (PV) and onshore wind projects with a capacity...

    As a first step, the two companies intend to develop solar photovoltaic (PV) and onshore wind projects with a capacity of about 600MW

    The joint venture will further explore the development of projects with a total capacity of at least 2,000MW

  • Tens of thousands pray in show of force by Iraq cleric Sadr

    Sadr, a longtime political and religious force in the oil-rich but war-scarred country, has for months been in a political...

    After the prayers, hundreds returned to the vicinity of parliament, whose air conditioned halls and marble floors they had occupied since last Saturday

    Supporters of Sadr are ready to follow him almost blindly and view him as a champion of the anti-corruption fight.

  • French business ties build on Saudi mega projects

    Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in...

    Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in achieving the goals set under Vision 2030

    Saudi Arabia is a new El Dorado for business with projects such as Neom, Al Ula, Read Sea and others, says Bertrand Besancenot, former French ambassador in Riyadh

  • Islamic Jihad militant among 15 killed in Israel strike on Gaza

    Gaza's health ministry reported "a five-year-old girl, targeted by the Israeli occupation" was among nine people killed. A further 55...

    The Israeli army said the bombardment was part of an operation "against targets in the Palestinian Islamic Jihad" group.

    Flames poured out of a building in Gaza City following the air strikes, while wounded Palestinians were evacuated by medics.

  • Iraq confirms Turkey’s intention to enhance water release

    Iraq's Ministry of Water Resources said Ankara's intends to increase the quantum of water to be released to the Tigris...

    Iraq's Ministry of Water Resources said that Turkey will increase the quantum of water to be released in the Tigris River

    The ministry said that a Turkish delegation will visit Iraq to look into the water reserves and construction of dams