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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 billions in Africa investment: aid agency chief

    Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business...

    Albright was speaking at the US-Africa Business Summit in Marrakesh, an annual conference organized by private organization Corporate Council on Africa

    The meeting will bring together African political and business leaders as well as decision-makers and investors from the US private sector

  • Iraq PM blames Turkey after Kurdistan shelling kills 9 civilians

    Nine civilians including children were killed in a park in Iraq's autonomous Kurdistan region Wednesday by artillery fire that Baghdad...

    Iraq said it was recalling its charge d'affaires from Ankara and summoning Turkey's ambassador

    Turkey's foreign ministry said these "kinds of attacks" were committed by "terrorist organisations."

  • France and UAE explore ways to enhance cultural cooperation

    Noura bint Mohammed Al Kaabi, UAE’s Minister of Culture and Youth, discussed cultural cooperation with Rima Abdul Malak, Minister of...

    They also tackled the future of cultural ties and the significance of creative and cultural cooperation.

    The two sides reviewed various areas of cooperation, especially the cultural and innovative industries.

  • Iran says its nuclear policy unchanged after bomb remark

    The remarks came amid heightened tensions between Iran and Western powers as talks in Vienna to revive a 2015 nuclear...

    It is the second time in the past 18 months that Iran has reiterated its opposition to nuclear weapons.

    Iran's supreme leader has issued a 'fatwa'/religious edict which forbids manufacture of atomic weapons.

  • Syria cuts off ties with Ukraine, clings to its ally Russia

    Syria announced Wednesday that it was severing ties with Ukraine in support of its close ally Russia, saying the move...

    Ukrainian President Volodymyr Zelensky already announced he was severing ties with Syria late last month after Syria recognized the Russian-backed breakaway republics

    The breakaway states of Donetsk and Lugansk, whose independence Moscow recognized in February, are situated in the Donbas region at the center of Russia's invasion of Ukraine

  • Iran film-maker Panahi must serve six-year sentence: judiciary

    Award-winning dissident Iranian film-maker Jafar Panahi, arrested last week in Tehran, must serve a six-year sentence previously handed to him...

    He was arrested in 2010, following his support for anti-government demonstrations

    France and US has called for Panahi's "immediate" release, decrying his "arbitrary arrest"

  • Rival military figures of Libya meet to discuss unified command

    Senior military figures from Libya's rival eastern and western power bases have held an unprecedented meeting in the capital Tripoli,...

    Two rival governments are currently vying for power, one based in Tripoli, the other in the central city of Sirte

    The sides also agreed Tuesday to carry out border patrols, including in the south, in order to stem the flow of migrants and root out smuggling and trafficking networks

  • Morocco, Israel strengthen military links as army chief visits kingdom

    Israeli army chief Aviv Kohavi, who arrived Monday, met with the Inspector General of the Royal Armed Forces Belkhir El...

    Israeli army chief Aviv Kohavi, who arrived Monday, met with the Inspector General of the Royal Armed Forces Belkhir El Farouk, an Israeli army statement said

    He also met with Morocco's minister delegate in charge of defence administration, Abdellatif Loudiyi, and intelligence chief Brahim Hassani, it added

  • Putin says West must remove restrictions on Russian grain exports

    Russian President Vladimir Putin on Tuesday said that the West must remove restrictions on exports of Russian grain. "We will...

    Russia's military intervention in Ukraine has hampered shipments from one of the world's biggest exporters of wheat and other grain, sparking fears of global food shortages

    Cereal prices in Africa, the world's poorest continent, have surged because of the slump in exports from Ukraine, sharpening the impact of conflict and climate change

  • Biden’s Arab trip lukewarm, at best

    The US president could not dispel the view that the Washington is no longer a reliable ally and he also...

    The US president could not dispel the view that the US is no longer a reliable partner and he also failed to connect at a personal level with the young GCC leaders, say experts

    He publicly invited UAE President Mohammed bin Zayed for a state visit to Washington. 'Why did he not extend the same thing to Mohammed bin Salman?' a professor asks