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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.
  • Iran says sending team to resume nuclear talks in Vienna

    Negotiations in Vienna began in April 2021 to restore the deal, but have stalled for the past five months amid...

    Iran foreign ministry statement said that Iran hoped the opposing parties will seriously focus on resolving the remaining issues

    Earlier, coordinator of the nuclear talks between Iran and world powers, Josep Borrell submitted a new draft text and urged all sides to accept it

  • Anger, anguish as Lebanon marks two years since Beirut mega-blast

    The 2020 disaster, one of history's biggest non-nuclear explosions, killed more than 200 people and decimated vast areas of the...

    The 2020 disaster, one of history's biggest non-nuclear explosions, killed more than 200 people and decimated vast areas of the capital

    UN experts and groups including Amnesty International and Human Rights Watch have again appealed to the United Nations to send a fact-finding mission

  • Israel’s border closure could shut Gaza’s only power station

    The Israeli military has also imposed restrictions of movement on Israeli communities adjacent to the Gaza Strip.

    Israeli authorities shut goods and people crossings along its frontier with Gaza on Tuesday.

    Shutdown halted deliveries through Israel of diesel, needed to fuel Gaza's sole power plant.

  • Ethiopian delegation visits Dubai to explore digital services

    An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25-...

    The delegates sought to review Dubai’s success in digital services, and discuss creating potential business partnerships

    The visit included signing deals supporting the Digital Ethiopia 2025 strategy, and exchanging knowledge and expertise.

  • UAE, Egypt discuss money laundering, terrorist financing

    The heads of UAE and Egypt's anti-money laundering and counter terrorism financing and the UN's representative for drugs and crime...

    The heads of UAE and Egypt's anti-money laundering and counter terrorism met to discuss cooperation in counter terror measures

    The two sides reviewed the most prominent regional developments and coordination between the two countries

  • Russia to launch Iran satellite into orbit next week

    News of the launch follows Putin's visit to Iran on July 19, when he met President Ebrahim Raisi and Iran's...

    Russia's State Space Corporation Roscosmos confirmed the launch of Khayyam satellite is scheduled for Tuesday

    The new Iranian satellite is aiming to "monitor the country's borders", enhance agricultural productivity and monitor water resources and natural disasters

  • As fuel prices soar, Morocco’s billionaire petro-PM faces heat

    Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as...

    Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices -- and energy firms' profits -- surge.

    Morocco, which is heavily reliant on oil imports, insists it is doing its best to ease the economic impact of Russia's invasion of Ukraine and the ensuing shock to crude prices.

  • ASEAN ministers warn Taiwan tensions could spark ‘open conflicts’

    A furious Beijing kicked off its biggest-ever exercises around Taiwan in response to US House Speaker Nancy Pelosi's visit this...

    Chinese Foreign Minister Wang Yi is attending the summit along with his US counterpart Anthony Blinken

    Beijing, which considers Taiwan a part of its territory to one day be reclaimed, by force if necessary, was enraged by the trip by Pelosi

  • Oil prices tumble on demand worries as global stocks mostly rise

    The drop in oil prices came despite a move by the OPEC+ oil cartel, led by Saudi Arabia and Russia,...

    Oil prices finished about four percent lower following US energy data that showed unexpectedly weak gasoline demand

    Gasoline demand last week was 8.5 million barrels per day, down almost 13 percent from the year-ago period, which is part of the peak summer driving season

  • Two years after blast, Lebanese still strive for justice

    The portside blast of haphazardly stored ammonium nitrate, one of the biggest non-nuclear explosions ever, killed more than 200 people,...

    Several heavily damaged grain silos that became a grim symbol of the disaster collapsed last week, and more are dangerously close to coming down, experts warn

    Amnesty, HRW and other groups Wednesday relaunched an appeal to the United Nations to send a fact-finding mission on Beirut blast