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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.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.
  • US seeks to douse hostility with China over Pelosi’s Taiwan trip

    President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House...

    China sees any such stop by the speaker as a provocation, upsetting the tense status quo under which Washington formally recognizes China's sovereignty claim over the island

    While US officials often make discreet visits to the island in a show of support for its democratic self-ruling government, Pelosi is second in line to the US presidency

  • Blinken and Lavrov hold ‘frank’ first talks since start of war

    The top diplomats of the United States and Russia spoke Friday for the first time since the Ukraine war, with...

    President Joe Biden has faced growing public pressure to find a way home for Griner, a basketball star jailed for transport of cannabis oil, and Whelan, a former Marine

    Russia's foreign ministry, in a statement on the call, said that relations between the two nations "are in strong need of normalization"

  • Tunis summons US envoy over criticism of constitutional vote

    Tunisia's foreign ministry summoned the US charge d'affaires on Friday to denounce "unacceptable" statements by American officials criticising this week's...

    The new constitution grants almost unlimited power to the president, and Saied's rivals had called for a boycott of the vote

    Blinken on Thursday voiced concerns that the "new constitution could weaken Tunisia's democracy and erode respect for human rights

  • Egypt protests Ethiopia plans to fill reservoir for third year

    Egypt said it had protested to the UN Security Council Friday against Ethiopian plans to fill the reservoir of a...

    The process of filling the GERD's vast reservoir began in 2020, with Ethiopia announcing in July that year it had hit its target of 4.9 billion cubic metres

    Addis Ababa deems the GERD essential for the electrification and development of Africa's second most populous country

  • Islamic Development Bank approves $10.54bn food security package

    The Islamic Development Bank (IsDB) Group has agreed on a $10.54 billion package for the Comprehensive Food Security Response Program...

    The package will support member countries in addressing the ongoing food crisis and strengthening its members' resilience to future food security issues.

    The package was announced after at an extraordinary joint meeting, chaired by IsDB President and Chairman of the Board of Directors of the IsDB Group Dr. Muhammad Al Jasser.

  • Germany’s economic model wobbles amid energy crisis

    Germany's second-quarter growth figures to be published on Friday are expected to be meek as the outlook for Europe's largest...

    Less expensive to produce and transport, with prices pinned down in long-term contracts, Russian gas has for decades contributed to Germany's economic prosperity

    To wean itself completely off Russian gas, Germany is looking further afield for new supplies including shipments of liquefied natural gas from the United States and Qatar

  • Macron welcomes Saudi Crown Prince, two discuss energy supply

    French President Emmanuel Macron on Thursday warmly welcomed Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris, with...

    Crown Prince and the French President held an expanded meeting in the presence of the delegations of the two countries, according to Saudi Press Agency

    For western countries desperate to find new sources of energy, the 36-year-old de-facto leader of the world's biggest oil producer has become an essential figure.

  • Biden, Xi stay split on Taiwan but agree for face-to-face summit

    While this was Biden's fifth talk with Xi since becoming president a year and a half ago, it's getting hard...

    The virtual summit lasting over two hours took place as Beijing and Washington increasingly risk open conflict over the self-ruling island

    Once considered unlikely, an invasion, or lesser form of military action against Taiwan, is increasingly seen by China watchers as possible

  • Saudi Crown Prince ends Europe trip with deals, MoUs

    Strategic partnership remains in focus as Mohammed bin Salman leaves France after heading a wide-ranging talks along with French President...

    Strategic partnership remains in focus as Mohammed bin Salman left France today after heading a wide-ranging talks along with French President Emmanuel Macron

    Earlier, a delegation of senior Saudi ministers held separate talks with their French counterparts at at the Elysée Palace

  • UAE, Kenya to begin negotiations on free trade agreement

    UAE and Kenya announced their intention to begin talks for a Comprehensive Economic Partnership Agreement (CEPA) between the two countries...

    UAE and Kenya announce their intention to begin talks for a Comprehensive Economic Partnership Agreement

    If inked, the CEPA pact will be the first free trade deal between UAE and an African nation