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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.
  • Smoke billows near a damaged building at the site of overnight Israeli airstrikes on the Mreijeh neighborhood in Beirut's southern suburbs on October 4, 2024. (AFP)

    Updates: Israel attacks 2,000 sites in Lebanon, kills over 40 rescuers, and destroys hospitals

    Israel has intensified its attacks against Lebanon striking emergency services and professionals - a possible war crime. Several hospitals in Lebanon shut down after severe damage from violent Israeli attacks.
  • Turkish President Recep Tayyip Erdogan (left) with his Russian counterpart Vladimir Putin during a meeting a few months ago. (File)

    Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia

    Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in Russia next month after Türkiye requested to join the group of emerging economies. Putin said he was due to meet Erdogan on October 23, a day after the start of...
  • Gaza rescuers say Israeli strike on house kills 11, including children

    "We have recovered the bodies of 11 martyrs, including four children and three women, after an Israeli warplane hit a three-story house of the Bustan family," Mahmud Bassal, spokesman for the civil defense agency said. He said that the house was located near the Shujaiya school in the Al-Tuffah neighborhood...
  • Turkey, Azerbaijan hope for ‘lasting peace’ in South Caucasus

    Years of diplomacy between the Caucasus rivals Azerbaijan and Armenia had failed to reach a breakthrough, but negotiations have resumed after Baku last year won a decisive victory in seizing the breakaway region of Nagorno-Karabakh. Turkey, a close ally of Azerbaijan, backed its campaign to drive ethnic Armenian forces from...
  • Turkey joins South Africa’s Israel ‘genocide’ case at ICJ

    A Turkish parliamentary delegation accompanied by the Turkish ambassador to the Netherlands filed a "declaration of intervention" at the ICJ's headquarters in The Hague, according to state television TRT which covered it live. Turkish Foreign Ministry spokesman Oncu Keceli said in a post on X that the "case brought before...
  • Iraq to import electricity from Turkey for northern provinces

    Baghdad, Iraq -- Iraq said Sunday a new power line will bring electricity from Turkey to its northern provinces as authorities aim to diversify the country's energy sources to ease chronic power outages.The 115-kilometre (71-mile) line connects to the Kisik power station west of Mosul and will provide 300 megawatts from...
  • Moonlit scramble across the sand for Turkey’s booming baby turtle population

    Manavgat, Turkey - The baby loggerhead sea turtles emerged from their eggshells and began their first challenge in life: a wobbly dash across the sand to the moonlit waters of Turkey's Mediterranean coast -- sometimes with a helping hand from volunteers.It is a perilous journey into the unknown for the sea...
  • China’s BYD signs deal to open electric car plant in Turkey

    Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu and Turkey's industry and technology minister Fatih Kacir...
  • Erdogan says may invite Syria’s Assad to Turkey ‘at any moment’

    Erdogan's comments come after tensions have mounted over the past week after a mob went on the rampage, vandalising businesses and properties owned by Syrians in a central Anatolian city. "We may send an invitation (to Assad) at any moment," Erdogan told journalists aboard a plane from Berlin where he...
  • Israel carrier says Turkish workers refused to refuel plane

    Jerusalem, Undefined -- Israel's national carrier El Al said Sunday its Warsaw to Tel Aviv flight was not allowed to refuel at Antalya airport after making an emergency landing to evacuate a passenger for medical reasons.Turkish workers at Antalya airport refused to refuel flight LY5102 before it could take off for...
  • ‘Canon aims for a 42% reduction in GHG emissions by 2030 and net zero by 2050’

    Venkatasubramanian (Subbu) Hariharan, MD of Canon Middle East and Turkey, highlights the significance of remanufacturing and refurbishment for reducing environmental impact, in an interview with TRENDS.
  • Water, oil and security on agenda as Erdogan visits Iraq

    The Turkish leader met with Iraqi President Abdel Latif Rashid in Baghdad. He told Rashid that Turkey "had expectations of Iraq regarding the fight against the terrorist organization PKK, and that Iraq must be rid of all forms of terrorism", according to his office.
  • Erdogan urges Palestinian unity after meeting Hamas chief: office

    Erdogan called on Palestinians to unite following the talks at the Dolmabahce palace, on the banks of the Bosphorus strait, that Turkish media reports said lasted more than two and a half hours. "It is vital that Palestinians act with unity in this process. The strongest response to Israel and...
  • Air Arabia Egypt marks its first flight to Istanbul

    CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen International Airport in Istanbul, Turkey.Upon arrival at Sabiha Gökçen International Airport, the flight was greeted with a traditional water cannon salute and a welcome ceremony, a press release said.  The...
  • Erdogan sees ‘turning point’ for Turkey after poll drubbing

    Observers called it Erdogan's worst election defeat since his party took power in 2002. Many blamed inflations running at 67 percent and a crashing devaluation of the lira currency over the past year.
  • Turkey says Erdogan to meet Joe Biden at White House on May 9

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May 9, a Turkish official told AFP on Friday.It would be the first White House meeting between the two leaders.The Biden administration in January approved $23 billion in F-16 warplanes for...
  • Turkish Airlines restarts Libya flights after almost a decade

    Istanbul, Turkey - Turkey's flagship carrier, Turkish Airlines, has resumed flights to Libya's capital, almost 10 years after they were suspended over security concerns in the conflict-torn country.The airlines's chief executive, Bilal Eksi, attended a ceremony at Mitiga International Airport on Thursday to mark its first flight to Libya since 2015."We...
  • Turkey’s Erdogan seeks to wrest back Istanbul in mayoral election

    Istanbul, Turkey--Recapturing Istanbul, the "jewel" of Turkey, in Sunday's local elections has become President Recep Tayyip Erdogan's obsession ever since losing the country's economic capital to the opposition in 2019.Erdogan's route to Turkey's presidency was launched in Istanbul, where he was elected mayor in 1994, and his allies held the city...
  • Turks to vote in local polls as Erdogan seeks to avenge defeat

    Erdogan has entrusted his former environment minister Murat Kurum to run for mayor of Istanbul in the March 31 polls as he looks to avenge the worst political defeat of his two-decade rule when CHP arch rival Ekrem Imamoglu took the town hall. The president bounced back last year to...
  • Turkmenistan to supply 2bcm gas to Turkiye: Turkish minister

    Ankara, Turkey - Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced on Friday the signing of a memorandum of understanding between Turkiye and Turkmenistan, focusing on collaboration in the natural gas sector and hydrocarbon partnerships.Under the agreement, the initial phase will involve the transportation of up to two billion...
  • Sharjah Islamic Bank signs Murabaha pact with Turkiye Wealth Fund

    Sharjah, UAE -- Sharjah Islamic Bank (SIB) and the Turkiye Wealth Fund (TWF) have signed a Shariah-compliant Murabaha facility worth $100 million, for a period of three years. This agreement, facilitated by Dogan Investment Bank, marks the first time the Turkish Sovereign Wealth fund has launched financing from an international...
  • Qatar and Turkey to reunite wounded Gazans with their relatives in Doha

    Doha, Qatar - Qatar and Turkey announced partnership in reuniting wounded Palestinians from the Gaza Strip with their relatives in Doha.The Ministry of Foreign Affairs said that a number of the wounded are receiving treatment in Turkey, while their relatives undergoing treatment in Qatar.The reunification will enable the patients to...
  • Seven children among 22 dead as boat capsizes off Turkish coast

    Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said on Friday.Two people were rescued by the Turkish coastguard and another two managed to make it out of the water on their own, officials said. The victims' nationalities were not...
  • Turkish president Erdogan declares Ankara ‘backs’ Hamas

    Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas."No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul. "Turkey is a country that speaks openly with Hamas leaders and firmly backs them."Erdogan has been one of...
  • Drone strike blamed on Turkey kills three in Iraq

    Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the death toll from strikes blamed on Turkey to three.Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency...
  • Zelensky to discuss war, Black Sea security during Turkey visit

    NATO member Turkey has sought to maintain good relations with Moscow and Kyiv throughout the two-year war, with Erdogan pitching himself as a key go-between and possible peace-maker.
  • Turkey’s inflation rises to 67.1% in February

    On a monthly basis, inflation rose 4.5 percent in February, slower than the 6.7 percent rise logged in January. Erdogan said Sunday that anti-inflation policies "will begin to be felt in practice towards the end of the year".
  • Global criticism of Israel after ‘massacre’ of Gazans lining for food

    Global condemnation flowed after Israeli forces in war-ravaged Gaza opened fire as Palestinian civilians scrambled for food aid during a chaotic incident which the Hamas-run territory's health ministry said killed over 100 people. The Israeli military said a "stampede" occurred when thousands of desperate Gazans surrounded a convoy of 38...
  • Kurd authorities say Turkish strikes kill two PKK members

    Arbil, Iraq - A Turkish drone strike in northwestern Iraq killed two members of a group affiliated to Turkey's outlawed Kurdistan Workers' Party (PKK) Thursday, said Kurdish authorities.The fighters were members of the Sinjar Resistance Units, a group founded among the district's Yazidi community in response to occupation by the Islamic...
  • Geopolitical risks, sanctions keep commodity markets on edge

    Istanbul, Turkey--The commodity markets saw supply concerns and rises by optimism from China, despite the negative impact of the Fed's announcements, sanctions, and ongoing geopolitical risks.Uncertainties as to when the Fed will start cutting interest rates persist, and the minutes of last week's Federal Open Market Committee (FOMC) meeting showed...
  • Six crew members missing after cargo ship sinks in Marmara sea

    The transport ministry said an empty life boat was found during the search. "The rescue operation continues to find six crew members who are believed to be Turkish citizens," Demirtas told the private NTV television.
  • Global LNG demand to rise more than 50 percent by 2040: Shell

    "Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tons a year in 2040, according to the latest industry estimates," Shell said in a report.
  • Three killed in attack outside court in Turkey, says minister

    ISTANBUL, TURKEY - Turkish police on Tuesday shot dead two assailants from a leftist organization, branded "terrorists" by authorities, who attacked a security checkpoint outside Istanbul's main court, killing one person and injuring five, officials said.Interior Minister Ali Yerlikaya said the assailants were members of the Revolutionary People's Liberation Party-Front (DHKP-C)...
  • Ghitha Holding buys stake in MNG Airlines

    The acquisition of 44% stake is valued at US$211.20 million.
  • Vodafone Q3 revenue dips

    Poor display across Italy, Spain is said to be the reason for loss.
  • Turkey’s inflation 65% in Jan, piles pressure on central bank

    Istanbul, Turkey - Turkey's annual inflation rate stayed stable in January at nearly 65 percent, but month-on-month consumer price increases jumped sharply following a huge minimum wage hike, official data showed Monday.The year-on-year inflation rate moved to 64.86 percent -- up a notch from 64.77 percent in December, the TUIK statistics...
  • Russian president to make ‘imminent’ visit to Turkey

    Turkey's President Recep Tayyip Erdogan has managed to maintain trade and political relations with both Ukraine and Russia, allowing Russia to avoid Western sanctions while selling weapons to Ukraine. The last meeting between Putin and Erdogan was in September 2023 in Sochi, but they frequently talk by phone.
  • Turkey commemorates last year’s deadly earthquake

    ISTANBUL, TURKEY - Turkey on Tuesday holds pre-dawn vigils for the loss of more than 50,000 people -- and parts of entire cities -- in the earthquake-prone country's deadliest disaster of modern times.Grieving Turks are still coming to terms with how a 7.8-magnitude tremor could upturn the lives of millions of...
  • Ex-Amazon economist to head Turkey’s central bank

    Erkan resigned just a week after completing a historic series of interest rate hikes that have pushed the baseline rate from 8.5 percent to 45 percent. The bank said last week that it intends to keep rates high for the immediate future to make sure inflation is brought under control.
  • ‘AR, VR and video analytics shaping imaging industry’

    Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top executive of Canon Middle East.
  • UAE is the most popular destination for global workers, says report

    Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report reveals.  The global HR platform,Deel, has released findings from its Annual Global Hiring Report and revealed UAE attracts a large number of international talent.This marks a significant milestone for the...
  • Assailant takes hostages in Gaza protest in Turkey, says police

    ISTANBUL, TURKEY - An assailant on Thursday took a number of people hostage at a plant owned by US cosmetics giant Procter & Gamble near Istanbul in protest at the war in Gaza, a police spokesman said.It was not immediately clear how many people were being held at the plant, which...
  • Iran and Turkey to utilize modern tech for electricity exchange

    Tehran, Iran - Iran and Turkey are set to enhance their electricity exchange capabilities through the implementation of modern technology, according to Mehdi Moghimzadeh, the head of Iran's Iran Grid Management Company. “With the signing of the contract for the operation of 400-kilovolt BtB HVDC line between Khoy (Iran) and...
  • Canada revokes ban on military exports to Turkey

    Canada will now require that Turkish importers provide assurances about the weapons' use as well as a government statement "clearly indicating whether the items will be re-exported or transferred to a non-NATO country." The move comes less than a week after Turkey's parliament ratified Sweden's membership in the NATO defense...
  • Two million people may die in Gaza without world’s help: Turkish foreign minister

    Ankara, Turkey - Turkish Foreign Minister Hakan Fidan on Monday expressed serious apprehensions about the escalating situation in the Gaza Strip, warning that unless the global community takes immediate action, two million people may die. "Humanitarian aid and medical supplies are not allowed into Gaza. This is a harbinger of...
  • Iran and Turkey to set up free trade zone at border in Khoy city

    Tehran, Iran--Iran and Turkey will join hands to set up a free trade zone at the border crossing in Khoy city.Head of the Iranian-Turkish parliamentary friendship group in the Iranian shura council Adel Najafzadeh said during the recent visit of the Iranian President Ebrahim Raisi to Turkey, Raisi and his...
  • Turkey earthquake survivors seek justice one year on

    The disaster, which killed more than 50,000 people in all, was Turkey's deadliest in many centuries. President Recep Tayyip Erdogan blamed the scale of the toll on negligent building contractors, accusing them of cutting corners by using cheap concrete and ignoring basic construction standards.
  • Washington approves sale of F-16 warplanes to Turkey

    US Secretary of State Antony Blinken led an intense diplomatic effort to broker the deal, telling the Turkish president three times during a trip to Ankara just after the February 2023 earthquake that there would be no planes if Turkey blocked Sweden's NATO bid, the US official said.
  • Iran, Turkiye ink contract to connect power grids

    Ankara, Turkiye – Iran and Turkiye signed contract to connect their power grids during the visit of Iranian president Ibrahim Raisi to Turkiye. The Khoy-Van grid line is set to become operational as part of the agreement between the Iran Grid Management Company and the Turkish Electricity Transmission Company (TEIAS).,...
  • Iran’s Raisi flies to Turkey for delayed Gaza talks

    Planned talks in Ankara in early January were called off when twin blasts claimed by IS group jihadists killed 89 people at the shrine of assassinated Islamic Revolutionary Guard Corps general Qasem Soleimani. A trip he had planned for November was cancelled because of conflicting schedules of diplomats involved in...