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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.
  • UAE delegation highlights good governance initiative

    The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in...

    The UAE delegation concludes successful visit to the 2022 High-Level Political Forum on Sustainable Development

    The delegation presents the second edition of the UAE’s National Voluntary Review Report at the UN Headquarters

  • ‘Unrealistic policies to curb emissions could fuel inflation’

    Saudi Crown Prince Mohammed bin Salman warned that unrealistic policies to curb emissions could fuel inflation, as he chaired a...

    Saudi Crown Prince Mohammed bin Salman said unrealistic policies to curb emissions could fuel inflation

    Last year, Saudi Arabia pledged ahead of the COP26 climate change summit to achieve net zero carbon emissions by 2060

  • Biden invites United Arab Emirates president to US

    US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States...

    US President Joe Biden invites his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States

    The US President said he wanted the United Arab Emirates President to visit the United States this year

  • Washington to remain fully engaged in Middle East, says Biden

    US President Joe Biden told Arab leaders on Saturday that Washington would remain fully engaged in the Middle East and...

    The summit, the final stop of Biden's Middle East tour, brought together the six members of the GCC as well as Egypt, Jordan and Iraq

    Bahrain's King Hamad bin Isa Al Khalifa urged the leaders attending the Summit to join hands to find solutions to Palestinian and Yemeni crises

  • Saudi citizens’ US visitor visas validity raised to 10 years

    The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...

    The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022

    The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis

  • Syria Kurds ask Russia, Iran to prevent Turkish offensive

    The commander of US-backed Kurdish forces in Syria on Friday urged Russia and Iran to prevent Turkey from launching a...

    Turkish President Recep Tayyip Erdogan has warned that he may soon launch a new offensive in Syria against Kurdish fighters

    Iranian President Ebrahim Raisi is set to host Erdogan and Russian President Vladimir Putin on Tuesday

  • Biden announces $1 bn in food aid for Middle East: US official

    The president will announce today that the United States has committed $1 billion in new near to long-term food security...

    The president will announce today that the United States has committed $1 billion in new near to long-term food security assistance for the Middle East

    US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday in Saudi Arabia

  • GCC nationals can now visit Bahrain with just ID cards

    Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or...

    The move follows the decision of GCC countries to resume the procedure of allowing ID cards as a travel document

    This decision is in line with the facilities provided for GCC nationals in order to ease travel procedures for them and ensure their interests and those of their families

  • Peacekeepers to leave strategic Red Sea island by year’s end: White House

    A multinational peacekeeping force will leave a strategic Red Sea island by the end of the year, the White House...

    The move appeared to be a precursor to formally transferring control of Tiran and another island, Sanafir, to Riyadh

    The two islands –- both barren and uninhabited –- have been a source of conflict in the past thanks to their key location at the entrance to the Gulf of Aqaba

  • Biden vows to defend KSA, halt Iran’s nuclear bid

    A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic...

    The two countries reaffirmed their commitment to a stable global energy market, particularly in light of the current crisis in Ukraine and its consequences

    Regarding the ongoing war in Ukraine, the two sides underscored the need for maintaining a rules-based international order