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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.

  • UN chief calls for continuity in aid as battle rages in Gaza

    Heavy fighting raged in Gaza amid a row over the UN agency for Palestinian refugees that has called its future into question. UN Secretary-General Antonio Guterres called on donor states to guarantee aid to Gaza after several halted funding to UNRWA, over Israeli claims that some of its staff participated...

  • UN says US$445m needed to help 860,000 refugees fleeing Sudan

    The United Nations said it was planning for an outflow of 860,000 people from conflict-torn Sudan, adding that $445 million would be needed to support them just through October. The UN refugee agency said in a statement that it had presented its appeal to donor countries earlier in the day.

  • WHO urges malaria funding boost as deaths stay stubbornly high

    The World Health Organization called for more funds to help overcome towering challenges in the battle against malaria, which continues to kill hundreds of thousands of mainly African children each year. It warned that the world was currently "off track" to reach its goal of reducing malaria cases and deaths...

  • US pledges $99 million to cash-strapped UNRWA

    Last week, a top UNRWA official said long-running budget shortfalls had forced the agency to introduce austerity measures.

  • Sudan takes first steps to economic recovery with help from Saudi Arabia, others

    Out from nearly 30-year-long international isolation, Sudan finds the crushing burden of debt being eased with help from Saudi Arabia, France and other donor countries More aid to Sudan is contingent upon it fulfilling pledges like free and fair elections and implementation of the peace agreement Saudi Arabia has pledged...