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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.
  • Morocco retrieves eight migrant bodies off its coast

    Moroccan authorities on Monday retrieved the bodies of eight migrants off the southern shores of the North African kingdom, local...

    Their inflatable boat sank near the coastal town of Akhfennir in Tarfaya province as it tried to reach Spain's Canary Islands

    Almost 1,000 migrants died or were reported missing at sea in the first half of the year as they tried to reach Spain, rights group said

  • Rockets hit Emirati-owned gas complex in north Iraq

    Three Katyusha rockets hit a gas complex in Iraq's autonomous Kurdistan region on Saturday, a local official said, in the...

    In June, the site owned by UAE energy company Dana Gas was targeted three separate times by rockets that did not cause casualties or damage

    The gas field lies between the cities of Kirkuk and Sulaimaniyah, in a region administered by Kurdish authorities

  • Saied supporters welcome vote on Tunisia constitution

    Its detractors say Tunisia's draft constitution will give President Kais Saied unchecked powers, but for voter Baya, that's a welcome...

    Saied came under fire for giving a speech on Monday urging a yes vote for "a new republic based on genuine freedom, justice and national dignity."

    Saied's opponents, including the Islamist-inspired Ennahdha party that had dominated Tunisian politics since 2011, called for a boycott of vote

  • Bahrain joins UAE, Jordan and Egypt in industrial pact

    Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth...

    The Industrial Partnership for Sustainable Economic Development was announced in the UAE on May 29, 2022 with an aim to empower their industrial sector.

    The plan was establish large joint industrial projects, providing private sector companies with opportunities for expansion and creating job opportunities.

  • Natural gas a weapon of war between Russia and Europe

    Natural gas has emerged as a weapon of war between Russia and Europe since Moscow's February 24 invasion of Ukraine....

    On February 22, 2022, German Chancellor Olaf Scholz says he is suspending the Nord Stream 2 pipeline project with Russia.

    On March 23, Russian President Vladimir Putin bans European gas customers from paying their bills in dollars and euros.

  • Tunisians vote on constitution set to bolster President Saied’s rule

    The referendum comes a year to the day after Saied sacked the government and froze parliament in a power grab...

    The new constitutional draft would enshrine a highly presidential system with no provision for removing the president from office.

    President would appoint a government, could dismiss ministers unilaterally with no role of parliament in forming administration.

  • Will not be rushed into quick nuclear deal, says Iran

    Iran said Monday it will not be rushed into a "quick" deal reviving its faltering 2015 nuclear accord with world...

    Iran says it will not sacrifice the country's fundamental interests with a rushed process, claiming it was being put under psychological pressure

    Talks in Vienna that started in April 2021 to restore the deal have stalled since March amid differences between Tehran and Washington on several issues

  • Turkey summons Swedish diplomat to explain ‘terrorist propaganda’

    Sweden's charge d'affaires in Turkey was summoned at the weekend to explain the use of what Ankara alleges is "terrorist...

    Turkish President Recep Tayyip Erdogan has accused Sweden and Finland of being havens for Kurdish militants

    Turkey's display of displeasure follows events in Sweden last week to commemorate the 10th anniversary of the Kurdish uprising in northern Syria

  • King Abdullah of Jordan protests border attacks by Iran-tied militias

    King Abdullah II protested in an interview against attacks on Jordan's borders by "militias linked to Iran", following deadly clashes...

    The king told Al-Rai newspaper that Jordan faces regular attacks on its borders by militias linked to Iran

    The Jordanian army conducts regular anti-smuggling operations on the border with Syria, where Iran-backed fighters support the Damascus regime in a civil war that erupted in 2011

  • Crises make GCC, Western countries more pragmatic

    An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources...

    An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRIS

    Relations between the US and Arab countries are dominated by pragmatism as the former wants to carry out an active diplomacy to avoid being outstripped by the rivals