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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.
  • Saudi economy to be fastest-growing economy in 2022, says IMF

    The International Monetary Fund (IMF), in its World Economic Outlook, 2022 said that the Saudi economy will register a 7.6...

    The International Monetary Fund in its World Economic Outlook, 2022 says the Saudi economy will register a 7.6 percent growth rate this year

    Saudi Arabia's expected growth, as per IMF, would be the highest among advanced, emerging market and developing economies

  • Macron hosts Saudi crown prince in Paris, to discuss energy supply

    French President Emmanuel Macron is hosting Saudi Arabia's Crown Prince Mohammed bin Salman for talks in Paris on Thursday. The...

    The topics set to loom over the meeting include energy supply as concern grows over possible power shortages due to the Russian invasion of Ukraine

    The kingdom is seen by many in the West as an essential partner due to its energy resources, purchases of weaponry and staunch opposition to Iran's theocratic regime

  • UAE lauds Turkiye’s role in Russia-Ukraine grain exports pact

    The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu...

    The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu described the agreement as a ''key step''

    Sheikh Abdullah and Çavuşoğlu also discussed ways of boosting cooperation between the two friendly countries in order to serve their mutual interests

  • 21 business, investment deals boost KSA-Greece ties

    The agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture.

    The bilateral agreements cover logistics and transportation, renewable energies, manufacturing, environment services, aquaculture, defense, trade, engineering and agriculture

    32 representatives from Greek firms, chambers of commerce and trade associations attended the event, taking part in B2B and G2B meetings to explore business opportunities

  • Abu Dhabi Chamber, Philippine Business Council discuss ties

    A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and...

    Abu Dhabi Chamber, Philippine Business discuss strengthening relations between the Chamber and Filipino investors

    The two sides discuss increasing the level of cooperation in diverse sectors of mutual interest

  • Tunisia approves new constitution in vote with low turnout

    Tunisia has approved a new constitution granting unchecked powers to the office of President Kais Saied, the electoral board said,...

    Rights groups have warned the draft gives vast, unchecked powers to the presidency and allows Saied to appoint a government without parliamentary approval

    The US State Department said on Tuesday it noted "concerns that the new constitution includes weakened checks and balances that could compromise the protection of human rights

  • Greece to get ‘cheaper energy’ from Saudi Arabia

    A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several...

    A power cable between the Kingdom and Greece to provide Europe with 'cheaper renewable energy' is one of the several bilateral projects between the two countries

    A strategic partnership has also been announced between the private sectors in the two countries to build a data cable project linking the East and the West

  • Morocco, Israel sign legal deal as cooperation expands

    Morocco and Israel added legal links to a growing list of cooperation accords since they normalized relations in 2020, during...

    Israeli Justice Minister Gideon Saar signed a judicial accord in Rabat with his Moroccan counterpart Abdellatif Ouahbi.

    A joint statement said the two countries would share expertise and modernize their judicial systems through digitalization.

  • Deals in focus as Saudi crown prince visits Europe

    Mohammed bin Salman, who is visiting Greece and France, will meet the leaders of both countries 'to discuss bilateral relations...

    Mohammed bin Salman, who is visiting Greece and France, will meet the leaders of both countries 'to discuss bilateral relations and ways to enhance them in various fields'

    Greek and Saudi private business groups are expected to sign agreements in the fields of maritime transport, aquaculture, waste management, culture, food and agricultural products

  • Thaw and redraw: melting glacier moves Italian-Swiss border

    Way up in the snowy Alps, the border between Switzerland and Italy has shifted due to a melting glacier, putting...

    Former Swisstopo chief Jean-Philippe Amstein said such disputes are typically resolved by exchanging parcels of land of equivalent surface area and value

    In this case, "Switzerland is not interested in obtaining a piece of glacier," he explained, and "the Italians are unable to compensate for the loss of Swiss surface area."