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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.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.
  • Saudi Arabia signs Artemis Accords for space exploration

    Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles...

    Saudi Arabia is the 21st country and the fourth Middle Eastern nation to join the Accords

    Artemis relies on an international coalition to achieve a historic vision for space exploration

  • UAE announces fund to develop and launch advanced satellites

    UAE Space Agency on Sunday announced a new AED3 billion ($816 million) national investment and development fund for the space...

    The Fund’s first project to be launched to space will be a constellation of advanced remote sensing satellites using radar technologies to provide advanced imaging capabilities.

    The Fund will encourage partnerships between international and local enterprises, providing them with incentives as a part of the UAE Space Agency’s Space Economic Zones Program.

  • Iraqi PM calls for joint efforts to tackle issues facing region

    Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification,...

    The Middle East has been affected by climate change, water crisis, dangers of desertification and COVID-19 pandemic.

    Iraqi Prime Minister Mustafa Al-Kadhimi has called for joint efforts to confront the issues facing the region

  • Jeddah Summit enhances ties with US, GCC countries: Saudi minister

    Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of...

    Jeddah Summit strengthens solid relations and strategic partnership between the US and GCC countries

    Economic relations between the US and the Kingdom are nearly 90 years old, says Saudi minister

  • EU to discuss imposing harsher sanctions against Russia

    The European Union will discuss tightening sanctions against Russia on Monday, as Moscow is accused of using the continent's largest...

    Brussels is expected to hold initial sanctions discussions Monday as Moscow is accused of using the continent's largest nuclear power plant

    With the conflict grinding on and increasingly spilling out into global energy and food crises, the EU's foreign ministers are considering banning gold purchases from Russia

  • Biden’s fraught Middle East tour sees no diplomatic breakthrough

    On issues ranging from energy prices to human rights and Israel's role in the region, Biden could point only to...

    Biden said concrete results on increased oil production would not be seen "for another couple weeks" -- and it was unclear what those might be.

    Although Saudi Arabia lifted overflight restrictions on Israeli carriers, the kingdom said the move was "not in any way a precursor to any further steps".

  • Israel pounds Gaza Strip with missiles after rocket fire

    Israeli warplanes raided the Gaza Strip before dawn on Saturday in what it said was a retaliatory strike for rocket...

    WAFA said Israeli missiles were fired at two locations, one "near a tourist resort" where nearby houses were severely damaged

    In further retaliation for the Gaza rocket fire, Israel suspended a decision to increase the number of permits granted for Gazans to work in the Jewish state

  • Chad rebels pull out of peace talks with military government

    A host of Chadian rebel and political groups on Saturday withdrew from talks with the African nation's military government, accusing...

    A national peace dialogue intended to pave the way for elections would start on August 20,

    Chad is one of the world's poorest nations and the government said the talks were intended to end decades of unrest

  • Morocco sex abuse case against French tycoon deepens

    Morocco has detained a seventh suspect in a sexual abuse and trafficking case against French insurance tycoon Jacques Bouthier, while...

    Bouthier, 75 and one of France's richest men, is being held in Paris on suspicion of child rape and trafficking

    Five employees of Bouthier's insurance group Assu2000, later renamed Vilavi, were detained in Tangiers on July 6, while a sixth was charged but released

  • Security and stability remain key focus of the region

    In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US --...

    Leaders attending the Jeddah Security and Development Summit (GCC+3) vow to confront challenges in the region and preserve security in the Middle East

    The leaders also vowed to enhance regional cooperation and integration, and build joint projects between their countries to achieve sustainable development