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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.
  • Humans beat AI gold-level score at top maths contest

    Sydney, Australia -- Humans beat generative AI models made by Google and OpenAI at a top international mathematics competition, despite the programs reaching gold-level scores for the first time. Neither model scored full marks -- unlike five young people at the International Mathematical Olympiad (IMO), a prestigious annual competition where...
  • Almost 3,000 Australians seek to flee Israel-Iran conflict

    Australia has started evacuating almost 3,000 citizens caught up in the rapidly spiralling conflict between Israel and Iran, Foreign Minister Penny Wong said Thursday.
  • Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos

    Sydney, Australia - Abu Dhabi's state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, Santos said Monday. Santos's board said it plans to unanimously recommend the Abu Dhabi National Oil Company's offer to shareholders if it can agree on the takeover...
  • Australia reach World Cup as Palestinian dreams of a first appearance end

    Australia qualified for next year's World Cup in North America while Oman ended Palestine's hopes of a first appearance at the finals with a last-gasp draw on Tuesday.
  • The Qatar Airways' deal with Virgin Australia is likely to open several new routes for the two airlines. (File)

    Qatar Airways seeking 25% stake in Virgin Australia

    Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market. Under the plan, Qatar would take a minority stake in Virgin for an undisclosed sum. The firms said it would spell more direct...
  • Pro-Palestinian group scales Australia’s parliament

    Sydney, Australia - Protesters scaled Australia's national parliament on Thursday, unfurling banners reading "Palestine will be free", and accusing Prime Minister Anthony Albanese of complicity in the Gaza war.The small protest follows recent divisions within the Labor government, which suspended a Muslim senator who crossed the floor to vote in favour...
  • ADQ buys stake in Plenary Group

    The deal is aimed at expanding public and social infrastructure.
  • Israeli information on aid worker death ‘not sufficient,’ says Australia

    US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces on Monday had killed seven aid workers. Israeli Prime Minister Benjamin Netanyahu later admitted that his military had "unintentionally" killed the group -- who had helped feed communities affected by...
  • Israel says Hamas fighter was at target instead of Gaza aid workers

    Israel said it was targeting a "Hamas gunman" when it killed in Gaza seven aid workers whose deaths caused an international outcry, with its military admitting violations of its own rules of engagement. The drone team who killed them made an "operational misjudgement of the situation", an internal Israeli military...
  • Israel blames Hizbollah for blast that wounded UN peacekeepers

    Jerusalem, Undefined - Israel's military said Wednesday it had obtained information that indicated a Hizbollah explosive charge caused the blast that wounded UN peacekeepers in Lebanon last week.The UN peacekeeping force said three military observers and a translator were wounded in Saturday's blast in south Lebanon, where Israel and Hizbollah fighters...
  • World powers condemn deadly Gaza air strike on aid workers

    World Central Kitchen -- one of two NGOs spearheading efforts to deliver aid by boat -- said a "targeted Israeli strike" on Monday killed Australian, British, Palestinian, Polish and US-Canadian staff. US Secretary of State Antony Blinken urged a "swift, impartial investigation" into the airstrike and said Israel needed to...
  • Finland to resume funding to UN agency for Palestinian refugees

    Australia, Canada and Sweden, which were among those states, announced earlier this month they were resuming aid. Ten percent of the Finnish funding will be allocated to risk management, the minister said.
  • UK, Australia call for ‘immediate cessation of fighting’ in Gaza

    Adelaide, Australia--Britain and Australia declared the need for an "immediate cessation of fighting" in Gaza, as diplomatic pressure built on Israel Friday to ditch a planned ground assault on the southern city of Rafah.After a meeting of Australian and UK foreign and defence ministers in Adelaide, the allies issued a statement...
  • Afghanistan blames ‘politics’ as Australia cancels T20 tour in UAE

    The Afghanistan Cricket Board urged the Australian government "not to impose its policies on cricket boards" and "focus on supporting the development of cricket". But under the Taliban government's brand of Islamic rule, women are effectively barred from the game, as part of a raft of restrictions on women in...
  • 50% of firms attracted to Dubai by DIC in 2023 Asian and Australian

    Dubai, UAE -- Nearly 50 percent of the Multinational Corporations (MNCs) that opened businesses in Dubai during 2023 are based in Asia and Australia, according to the Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers.The Chamber said in a statement that growing number...
  • ASEAN, Australia call for ‘immediate and durable’ ceasefire in Gaza

    Southeast Asia is home to about 40 percent of the world's Muslim population, and ASEAN heavyweights Indonesia and Malaysia are staunch supporters of the Palestinian cause. But other influential ASEAN nations such as Singapore have closer ties with Israel -- and are less eager to stoke controversy.
  • Australian media hits back as Facebook scraps news deals

    Meta said on Friday it would scrap the Facebook News tab in Australia and would not renew deals with news publishers worth hundreds of millions of dollars. The social media giant said its decision to pull the plug on the news deal was based on people not going to Facebook...
  • Facebook parent Meta to stop paying Australian news media

    Meta had previously announced it would not renew content deals with news publishers in the United States, Britain, France and Germany. The social media giant had been pushed into paying for news by governments hoping to level the media playing field and support struggling news firms.
  • BHP net profit tumbles 86%

    Its sales jumped 6% to US$27.2bn in half-year results.
  • US allies warn Israel against ‘catastrophic’ Rafah operation

    The leaders of Australia, Canada and New Zealand on Thursday warned Israel against a potentially "catastrophic" ground offensive in the southern Gazan city of Rafah, amplifying a growing chorus of international concern. Urging Prime Minister Benjamin Netanyahu "not to go down this path", the trio of Commonwealth nations issued a...
  • Saudi football chief brands Mancini penalty walkout ‘unacceptable’

    Doha, Qatar - The president of Saudi Arabian football said Roberto Mancini's disappearing act before the end of the penalty shootout in the team's Asian Cup exit was "completely unacceptable".The Italian did not stick around to see South Korea's Hwang Hee-chan eliminate his Saudi side in the last 16 in Doha...
  • Australia, Canada stop UN agency funding after Israeli allegations

    Australia and Canada have suspended their funding to the UN agency for Palestinian refugees, after Israel accused several employees of involvement in Hamas's October 7 attack. Australian Foreign Minister Penny Wong said she was "deeply concerned" by the allegations against the agency, UNRWA.
  • Money weighs on would-be Chinese parents as population falls

    Long alarmed by falling fertility, the government has relaxed its decades-long one-child policy in recent years to allow three children per family, while rolling out subsidies and calling on women to become homemakers. But the incentives and exhortations are doing little to change what demographers describe as an economic crisis...
  • Son set to light up Asian Cup as Qatar takes center stage again

    The 24 teams spanning Australia to Palestine will battle for regional glory over the next four weeks, culminating in the final at the 88,000-capacity Lusail Stadium on February 10.
  • India’s Russian oil imports fall to 11-month low as price cap rises

    Indian refiners bought 1.45 million barrels per day of Russian oil last month, their lowest amount since last January and down nearly 16 percent from November, according to global energy trade intelligence platform Kpler.
  • 120 kilos of cocaine wash up on Australian beaches over Christmas

    Sydney, Australia-- Australian police said Wednesday they were scouring beaches after mysterious packages believed to contain more than 120 kilograms (260 pounds) of cocaine washed up over the Christmas period.A first batch of 39 barnacle-encrusted, one-kilogram bricks of suspected cocaine was discovered on Friday near Magenta Beach, north of Sydney, police said.Since...
  • Diamond industry adopts tracking as Russia sanctions loom

    Antwerp, Belgium - As European capitals prepare to implement long-awaited sanctions on Russia's diamond exports, Belgian traders are bracing for new scrutiny of their industry.In Antwerp's renowned diamond district -- which handles an estimated 86 percent of the world's rough diamonds -- polishing "labs" are turning to blockchain technology to prove...
  • Head breaks India hearts as Australia win sixth World Cup title

    Ahmedabad, India -- Opener Travis Head hit a sparkling 137 to power Australia to a record-extending sixth World Cup title with a convincing six-wicket win over India in Ahmedabad on Sunday.Chasing a tricky 241 for victory in the final, Australia slipped to 47-3 before the left-handed Head hit his second century...
  • Top army officials from 30 nations review threats in Asia-Pacific

    New Delhi, India - Army chiefs and senior officers from 30 countries including the United States met in India on Tuesday to discuss threats facing the Asia-Pacific region, in the face of concern at an increasingly assertive China.US Army chief Randy George said the region was "critically important", speaking to reporters alongside...
  • ‘Missing ingredient’ for pink diamonds found

    Paris, France -- Scientists said on Tuesday they have found the "missing ingredient" for pink diamonds, some of the world's most expensive stones due their rarity and beauty, and the discovery could help find more.More than 90 percent of all the pink diamonds ever found were discovered at the recently closed...
  • UAE is 6th highest per capita consumer of solar energy in the world

    Abu Dhabi, UAE - The UAE ranks among the top world leaders in solar energy use, according to a recent report published by the Energy Institute Statistical Review of World Energy.With three of the planet’s largest solar sites, the UAE is the 6th highest per capita consumer of solar energy...
  • West blocked Russian assets worth $280bn, says US treasury

    Washington, US - The REPO (Russian Elites, Proxies and Oligarchs) task force, set up to search and freeze Russia-related assets, estimates the overall value of sovereign Russian assets, blocked by the West, at $280 billion.“The total value of assets <…> is estimated at around $280 billion, the majority of which is held in the European Union,” the US Department of the Treasury said...
  • Australian doctors find live parasitic worm in woman’s brain

    It was an eight-centimetre (three-inch) roundworm, called Ophidascaris robertsi, which researchers said was a common parasite in kangaroos and carpet pythons -- but not humans. "This is the first-ever human case of Ophidascaris to be described in the world," said infectious disease expert Sanjaya Senanayake.
  • Qantas posts bumper profit

    The airline's annual profit climbs up to US$1.1 billion.
  • Australia resumes use of term “Occupied Palestinian Territories”

    Dubai, UAE - In a significant policy shift, the Australian government has announced its decision to reinstate the term "Occupied Palestinian Territories." The move comes alongside a renewed commitment to opposing "illegal" Israeli settlements and expressing concerns about obstacles to peace in the region.Australian Foreign Affairs Minister Penny Wong outlined...
  • 6 MNCs among new businesses attracted by Dubai Chamber in H1

    Dubai, UAE - Dubai International Chamber attracted 56 businesses to the emirate during H1 2023, including six multinational corporations and 50 Small and Medium-sized Enterprises (SMEs), local media reports said.It also supported the expansion of 15 local and national companies into global markets, either by increasing their exports or helping...
  • UAE vows $100m to tackle migration, climate change

    "The UAE believes in the importance of joint action, integration of efforts, and promotion of economic development for countries facing development challenges and affected by irregular migration, according to a framework of joint planning with various international partners," adds Al Hashimy.
  • OECD urges wealthy nations to prepare for ‘AI revolution’ impact

    Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change jobs, create new ones and make others disappear, the OECD said Tuesday.The rapid development of artificial intelligence -- with tools that can generate essays, create images and even pass medical...
  • PwC culls a raft of senior execs after Australian tax scandal

    PwC Australia has been mired in controversy since January this year, when it emerged that staff had leaked information from a confidential government tax briefing in an attempt to drum up new business. PwC will drastically restructure its Australian arm in an attempt to move on from the scandal, recently...
  • Hamas let Gaza residents pose with weapons at open exhibition

    Exhibitions are also scheduled to take place on Saturday in the north and center of the Gaza Strip, where people are normally forbidden to approach and photograph military sites.
  • Gulf oil states on a charm offensive across South Pacific

    The Pacific bloc represents 12 of 55 votes in the United Nations' Asia-Pacific region, which also includes Saudi Arabia and the UAE. Pacific affairs expert Stewart Firth said "influence comes at a cheap price" in the small, developing economies that make up the Pacific.
  • UAE to see second biggest migration of millionaires in 2023: Report

    Dubai, UAE -- The United Arab Emirates will see the second biggest migration of high-net-worth individuals (HNWIs) in 2023 with a net inflow of 4,500 HNWIs, next only to Australia that is expected to receive 5,200 millionaires, according to the Henley Private Wealth Migration Report 2023.The inflow of millionaires to...
  • Newmont snaps up Newcrest for $19bn to create a world-leading gold producer

    By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations extending across North and South America, Africa, Australia and Papua New Guinea. The takeover, expected to be completed by the end of 2023, has an implied value of Aus$28.8 billion,...
  • Austria to stop TikTok use on government devices

    Vienna, Austria - Austria said on Wednesday it will ban TikTok on federal employees' work phones, joining a growing list of Western nations cracking down on the Chinese-owned social media platform due to security concerns.The decision followed advice from Austria's intelligence services and several ministry experts.Similar measures have recently been taken...
  • Australia sets in motion largest defense renovation in decades

    Australia launched its biggest defense overhaul in decades, vowing to turn a military that is "no longer fit for purpose" into a fighting force that could deter China or any would-be foe. Defense Minister Richard Marles unveiled a strategic review that called for using missiles, submarines and cyber tools to...
  • Pacific solar eclipse dazzles stargazers

    Parts of Australia, Indonesia and East Timor were plunged into daytime darkness, delighting curious onlookers. On Australia's northwest tip, the eclipse was total.
  • Japan PM arrives in India to widen trade, technology ties

    New Delhi, India--Japanese Prime Minister Fumio Kishida arrived in India on Monday for talks expected to focus on deepening trade and technology ties as well as shared concern about China.India and Japan along with the United States and Australia make up the Quad alliance, which positions itself as a bulwark against...
  • Deliveroo 2022 loss at $355m

    The firm's revenue rose 14 percent to nearly US$2.4 billion.
  • Japan allots US$1.6bn to contentious Australia hydrogen project

    In a statement, HESC said the project has entered its commercial demonstration phase with money from Japan's Green Innovation Fund, which will be used to design and build facilities to liquefy and ship hydrogen from Australia's Victoria to Japan. The project aims to produce and liquefy hydrogen from a type...
  • Newmont offers to buy Newcrest

    If the deal is sealed, it would be gold sector's largest acquisition.
  • DP World handled 79mn TEU across its container terminals in 2022

    The company’s growth was driven by Asia Pacific, the Americas and Australia region, the Group Chairman and CEO Sultan Ahmed Bin Sulayem.