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TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.
  • Spain grabs 3% Telefonica stake after concerns over Saudi deal

    Madrid, Spain - Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking a piece of a company that Madrid considers strategically important. Spanish state-owned holding company SEPI said in a filing with the stock market regulator late Monday that the move was...
  • Will immediately respond to new EU sanctions, says Iran

    Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over a month of protests sparked by Mahsa Amini's death. EU foreign ministers met to adopt sanctions on Iran after Amini was detained for allegedly breaching Iran's strict dress code for...
  • Sterling rises with UK finance minister set to unveil spending plans

    Jeremy Hunt was put in place on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng as she battles to save her political career just weeks after taking the keys to Downing Street. Hunt is tipped to tear up the previous plans and warned at the weekend of tax hikes...
  • Israel PM: World must use force if Iran builds nuclear bomb

    For the past 10 days, various officials have suggested the deal - which US then-president Donald Trump scrapped in 2018 - might not be renewed until at least mid-November, a deadline that Lapid has tried to use to push the West to impose a tougher approach in their negotiations.
  • UK government revokes gas fracking ban in England

    Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.
  • Britain and the world bid adieu to Queen Elizabeth II

    Britain said farewell to Queen Elizabeth II at a historic state funeral attended by world leaders, before a ceremonial journey to her final place of rest. Huge crowds gathered in London to watch as the queen's flag-draped coffin, topped with the Imperial State Crown, was carried slowly to a gun...
  • Egypt looks to regain its glorious past

    As Cairo gears up to open "the largest archaeological museum in the world," Egypt's former antiquities minister Zahi Hawass said he will soon demand the return of its greatest lost treasures.
  • Germany regrets Iran failure to agree to nuclear deal

    German Chancellor Olaf Scholz said Iran has failed to agree to proposals from European countries on reviving a deal on restricting its nuclear program, warning this would derail any accord in the near future. Meanwhile Israeli Prime Minister Yair Lapid visited Germany to persuade Western powers to ditch the pact...
  • Iran terms statement on nuclear talks “unconstructive”

    Castigating the three European powers for an “unconstructive” statement about negotiations aimed at reviving a 2015 nuclear deal, Iran has asked Germany, France and Britain to provide a solution to end what it called as disagreements “instead of entering the phase of destroying the diplomatic process.”
  • Queen Elizabeth II, longest-serving British monarch, passes away at 96

    The eldest of her four children, Charles, Prince of Wales, who at 73 is the oldest heir apparent in British history, becomes king immediately. Two days earlier the queen appointed Liz Truss as the 15th prime minister of her reign and was seen smiling in photographs but looking frail and...
  • Truss to meet cabinet, face MPs on first full day in power

    The 47-year-old won an internal ballot of Tory members on Monday, securing 57 percent of the vote, after a grueling contest against former finance minister Rishi Sunak that began in July.
  • Workers at Britain’s biggest container port begin eight-day strike

    The Unite union representing the striking Felixstowe staff said the stoppage will have a big impact at the port, which handles around four million containers a year from 2,000 ships.
  • Net zero, Russia war driving nascent hydrogen economy

    Green hydrogen is in sharp focus as governments seek to slash carbon emissions amid record-high temperatures and to safeguard energy supplies hit by the invasion of Ukraine by oil and gas producer Russia. But the "hydrogen economy" has not fully kicked into gear awaiting significant uptake from high-polluting sectors like...
  • Amazon to create 4,000 UK jobs

    This will make it one of the nation's 10 biggest private sector employers.
  • Britain’s new finance minister Nadhim Zahawi inherits a cost-of-living crisis

    Britain's new finance minister, Iraqi-born Nadhim Zahawi, has inherited a cost-of-living crisis that risks pushing the UK economy into recession. The former education minister was parachuted into the Treasury late Tuesday after predecessor Rishi Sunak's shock resignation over the culture of scandal plaguing Prime Minister Boris Johnson. Johnson also lost...
  • Britain offers £50.2m grant to Jordan to expand social net

    The grant is part of an £95 million aid package including £65 million for the social protection sector.
  • Biden visit a shot in the arm for Saudi crown prince

    As Saudi Arabia's Crown Prince Mohammed bin Salman prepares to mark five years as de facto leader, he is finally arriving on the world stage, getting a boost of sorts with the arrival of US President Joe Biden next month. Biden's trip - after Russia's invasion of Ukraine sent oil...
  • BoE set for fifth rate hike in row as inflation soars

    The Bank of England is expected on Thursday to raise its key interest rate for a fifth straight time to cool runaway inflation that is causing a cost-of-living crisis in Britain. Economists widely forecast that the BoE will use a regular meeting to hike borrowing costs by a quarter-point to...
  • Western powers call on Iran to cooperate with IAEA

    The US, Britain, France and Germany on Wednesday urged Iran "to fulfill its legal obligations, and cooperate with the IAEA", after the International Atomic Energy Agency adopted a resolution formally criticizing Tehran.
  • Inequality widens in Britain as financial sector salaries increase

    Salaries in Britain's financial sector have surged in recent months, widening inequality amid the nation's cost-of-living crisis, a study showed Wednesday. Average monthly pay in the industry jumped 31 percent in February from December 2019, propelled by high-earners, the Institute for Fiscal studies (IFS) said in a report. The performance,...
  • Iran urges new meet in Vienna talks ‘as soon as possible’

    Iran called on Monday for a new meeting "as soon as possible" in the talks that have been held in Vienna aimed at restoring its frayed 2015 nuclear deal with major powers. Tehran has been engaged in negotiations with Britain, China, France, Germany and Russia directly and the United States...
  • Meta renews bid for Giphy

    Britain's competition authority had stopped the FB-Giphy merger.
  • Where Paris hides some of its best art

    The Paris contemporary art scene has partly got its mojo back thanks to a slew of new museums, including the Louis Vuitton Foundation and Bourse de Commerce.
  • Ukraine invasion places sharp new focus on calls for UN reform

    Experts say the chances of reforms will remain slim so long as the permanent members refuse to accept any dilution of their power.
  • US, Iran spar over stalled nuclear talks and demands

    Iranian foreign ministry spokesman Saeed Khatibzadeh said that the country's negotiators would not return to Vienna, the site of the year-long talks to restore the nuclear deal — formally called the Joint Comprehensive Plan of Action (JCPOA) — until Washington settles outstanding issues.
  • Britain may build seven nuclear power plants by 2050

    Britain could build up to seven new nuclear power plants by 2050, as well as offshore wind to diversify energy sources, a senior minister said Sunday.
  • Mubadala of UAE to invest $395m in UK’s CityFibre

    Mubadala of the UAE will invest $395 million into CityFibre, Britain’s biggest independent provider of full-fiber broadband infrastructure, according to media reports.
  • IEA cuts oil demand outlook, fears Russia supply ‘shock’

    The International Energy Agency cut its world oil demand forecast for 2022 on Wednesday, warning that sanctions against Russia over its invasion of Ukraine could spark a global supply "shock". "Faced with what could turn into the biggest supply crisis in decades, global energy markets are at a crossroads," the...
  • Iran’s FM to hold talks on nuclear deal in Moscow Tuesday: Official

    Ten months of talks in Vienna have brought major powers close to renewing a landmark 2015 agreement on regulating Iran's nuclear program. But the negotiations were halted again after Russia demanded guarantees that Western sanctions imposed following its invasion of Ukraine would not damage its trade with Iran.
  • UK PM may visit Saudi Arabia to lobby for uptick in oil output

    Britain on Sunday defended lobbying Saudi Arabia to up its oil output as energy sanctions on Russia hit Western consumers, after the Gulf kingdom executed a record number of prisoners.
  • US says Iran nuclear deal ‘close’ but not certain

    Negotiators meeting in Vienna to try and salvage the 2015 nuclear deal, which is meant to prevent Tehran from acquiring an atomic bomb, have made ‘significant progress,’ US State Department deputy spokeswoman Jalina Porter told reporters, echoing other nations in recent weeks.
  • Sanctions bore in on Russia over Ukraine invasion

    On Friday, US President Joe Biden extended his country's measures against Russia to include sanctions on President Vladimir Putin and his Foreign Minister Sergei Lavrov, including a travel ban for the two statesmen. Biden was the first world leader to announce sanctions, hours after Putin declared a "military operation" into...
  • US says nuclear deal possible within days if Iran ‘shows seriousness’

    The Vienna talks, which involve Iran as well as Britain, China, France, Germany and Russia directly, and the United States indirectly, resumed in late November.
  • US waives sanctions for Iran civil nuclear program

    The resumption of the waiver, ended by the Donald Trump administration in 2020, ‘would be essential to ensuring Iran's swift compliance’ if a new deal on controlling Tehran's nuclear program can be reached in talks in Vienna, a US State Department official has said.
  • FB ad policy irks Iraq NGO

    Facebook has been mired in global controversies for its ad policies.
  • World powers urge Libya to reschedule presidential vote ‘swiftly’

    The authorities overseeing Libya's first presidential election said earlier this week holding it on Friday as scheduled would be "impossible". The vote was intended to mark a fresh start for North African country, a year after a landmark ceasefire and more than a decade after its 2011 revolt.
  • Talks to revive Iran nuclear deal will resume next week: EU chair

    Officials have said the deal would become obsolete within weeks if Iran continued to step up its nuclear activities as it has been doing since 2019, a year after the United States left the landmark agreement and reimposed sanctions.
  • Asia markets down on Omicron, Fed tapering fears

    Beyond property woes and virus fears, all eyes this week are on the Fed, which must carefully calibrate its response between raising rates and pulling the rug from under a tenuous recovery or sticking to the status quo and letting inflation rise even further. Analysts expect the central bank to...
  • Iran says ready to continue nuclear talks, rejects ‘blame game’

    The landmark 2015 nuclear accord was initially agreed between Iran and Britain, China, France, Germany, Russia and the United States. But it began unravelling in 2018 when then US president Donald Trump pulled out and reimposed sanctions, prompting Iran to start exceeding limits on its nuclear program the following year.
  • Iran accused of stalling redress for downed Ukraine flight

    The Islamic republic shot down Ukraine International Airlines flight PS752 shortly after take-off from its capital Tehran on January 8, 2020.
  • RAF claims world first flight using synthetic oil

    Group Captain Peter Hackett completed a short flight in an Ikarus C42 microlight aircraft at an airfield in Gloucestershire, western England, earlier this month.
  • Deal but no deal: COP26 adds to climate confusion

    Rich countries stand accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states at risk of drought, rising seas, fire and storms. The deal, the European Commission says, has "kept the Paris targets alive". However, UN Secretary General Antonio Guterres stresses it was "not...
  • Iran says world powers must be ‘realistic’ in nuclear talks

    Tehran has said the world powers should not exceed the bounds of the 2015 deal they are seeking to revive. The deal was between Iran and five world powers other than Russia: Britain, China, France, Germany and the US.
  • Saudi Arabia and UAE join calls against Sudan coup

    Saudi Arabia and the UAE have joined the United States and Britain Wednesday in urging the leaders of last week's military coup in Sudan to restore the civilian government. The united front with the two Arab powers comes amid hopes that the military can be persuaded to accept a climbdown.
  • Israel holds largest-ever air force drill with UAE visit

    Amir Lazar, chief of Israeli air force operations, told reporters the drills "don't focus on Iran", but army officials have said the Islamic republic remains Israel's top strategic threat and at the centre of much of its military planning.
  • OECD nations to ban export credits for coal power

    With the latest international climate conference just days away, the proposed ban will halt support to new coal power stations that don't have systems that trap the carbon emissions responsible for global warming.
  • Iran to resume nuclear talks on Thursday: MP

    Iran and Britain, China, France and Russia besides the EU opened talks in Vienna in April.
  • UN extends mission to Libya, but only until January

    The 15-member Council had been on track to extend the mission in mid-September for a year
  • Iran looks east after China-led bloc okays entry

    Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.
  • US warns of ‘terror threat’ as crowds throng Kabul airport

    The US State Department warning is unusually specific, mentions several gates that should be vacated immediately.
  • Afghan evacuees touch down in UAE

    About 5,000 Afghan nationals believed to be at risk due to the current crisis will be resettled in the UK.