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IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.
  • UN experts warn of torture risk as US deports migrants to third countries

    Geneva, Switzerland -- UN experts decried Tuesday the US resumption of migrant deportations to third countries, including to war-torn South Sudan, stressing Washington's obligation to ensure it is not sending people into harm's way. The experts, who are appointed by the UN Human Rights Council but who do not speak...
  • World’s richest 1% emit as much carbon as bottom two-thirds: report

    Among the key findings of this study are that the richest one percent globally -- 77 million people -- were responsible for 16 percent of global emissions related to their consumption. That is the same share as the bottom 66 percent of the global population by income, or 5.11 billion...
  • Israel expands Gaza operation as hostage deal inches closer

    Israel has vowed to eradicate Hamas and to free around 240 people taken hostage by the fighters during the worst attack in its history, most of them Israeli citizens but also dozens of foreigners. On Sunday, Qatari mediators said they were inching closer to a deal to free some of...
  • Adoption of electric vehicles in US face infrastructure hurdles

    NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and limited charging capacity adding to core affordability issues.Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs...
  • No deal between Israel and Hamas on hostages: US

    The Washington Post, citing unnamed sources, said all parties would halt combat operations for at least five days while some hostages were released in batches. But the White House quickly responded on Saturday evening with its message on X to deny any major breakthrough.
  • Gaza, West Bank should be ‘reunited’ under Palestinian Authority: Biden

    Israel's top ally Washington has given its full backing to the country's response to the October 7 shock attack by Hamas, which left 1,200 dead, mostly civilians. But as the death toll from Israel's military campaign in Gaza continues to climb, US has voiced concerns over the manner of the...
  • ‘Significant’ pause in Gaza war if hostages freed: US official

    The White House said Biden and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani discussed "the urgent need for all hostages held by Hamas to be released without further delay". French President Emmanuel Macron also discussed the hostages with al-Thani and Egyptian leader Abdel Fattah al-Sisi on Saturday, his office said.
  • WHO calls Gaza’s Al-Shifa hospital death zone

    The UN health agency said that it led an assessment mission to the hospital and determined it was a "death zone", calling for a full evacuation. It said that the agency is developing plans for the immediate evacuation of the remaining patients, staff and their families, adding that 291 patients...
  • Sudan asks UN to ‘immediately’ end political mission

    The UN chief was informed about the decision by the country's ambassador to the UN, saying Sudan was terminating the United Nations Integrated Transition Assistance Mission in Sudan (UNITAMS) with immediate effect. According to the UN chief's spokesman, Stephane Dujarric, the mission's mandate was scheduled to end on December 3.
  • US chip curbs disturb Chinese firms AI projects

    Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...
  • Sudan armed conflict expanding to other regions, warns UN

    Despite the difficulties, some 4.1 million people have received humanitarian aid in the last seven months -- but that amounts to just 22 percent of the people whom humanitarian organizations aim to assist this year. Sudan's warring parties resumed negotiations late last month in Jeddah, brokered by Saudi Arabia and...
  • US concerned over hospital strikes after Jordan’s Gaza facility hit

    Washington, which provides significant military aid to Israel, has given unwavering support to its top Middle East ally since the October 7 attack by Hamas, saying Israel has the right to defend itself. However, the US side has started voicing concerns over the methods of Israel's military operations. and civilian...
  • Alibaba shares dive more than 7% after cloud service called off

    Alibaba is a key player in China's expansive digital economy and the operator of a major online shopping platform. The Hangzhou-based group's performance is considered a barometer of domestic consumption, which has flagged in recent months.
  • UN Security Council calls for ‘humanitarian pauses’ in Gaza

    The resolution, prepared by Malta and adopted with 12 votes in favor, "calls for urgent and extended humanitarian pauses and corridors throughout the Gaza Strip for a sufficient number of days" to allow aid to reach civilians in the besieged territory. The text raises the question of how many days...
  • LNG trade to grow 25% to 500m tons in 5 years: IEF

    According to a report "Fragile Equilibrium: LNG Trade Dynamics and Market Risks" China has surged ahead of Japan to become the world's largest LNG importer. The US became the top LNG exporter in 2023. The IEF's secretary general said that demand for LNG has grown and continues to "enhance energy...
  • Biden, Xi set for high-stakes summit

    San Francisco, US - US President Joe Biden and Chinese President Xi Jinping will try to prevent the superpowers' rivalry spilling into conflict when they meet for the first time in a year at a high-stakes summit in San Francisco on Wednesday.With tensions soaring over issues including Taiwan, sanctions and trade,...
  • US renews waiver allowing Iraq to buy Iranian gas

    Due to US sanctions against Iran, Baghdad cannot pay Tehran directly for its gas. Baghdad's unpaid bills to Tehran for past gas imports amount to some $10 billion, according to the senior official.
  • Israeli troops storm Gaza City’s Al-Shifa hospital

    Israel has repeatedly claimed that Hamas uses the hospital as cover for a command post and weapons stores, a claim Hamas denies. That use "jeopardizes" the hospital's "protected status under international law", the military said, a claim that many international human rights lawyers refute.
  • Snapchat to add in-app Amazon shopping

    In-app shopping will be available for select products advertised on Snapchat and sold at Amazon, the spokesperson added. People will be able to link their Snapchat and Amazon accounts to take advantage of the in-app shopping feature, according to Amazon.
  • Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?

    The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."
  • Black Friday is a $74bn opportunity for MENA retail. But is it losing sheen by ‘blindly copying’ the West?

    The expected injection of billions of dollars into the retail business through sale of varied items can turn out to be a much-needed boost for a sector experiencing "sales fatigue."
  • 1962 Ferrari auctioned for $51.7 m in New York: Sotheby’s

    Dating from 1962, the legendary Scuderia sports car -- chassis 3765, four-liter engine developing 390 horsepower -- had finished second in a race of 1,000 kilometers (620 miles) on the German Nurburgring circuit. Restored and modified, the 250 GTO changed American owners several times before ending up in the hands...
  • Biden exhorts Israel to protect Gaza’s Al-Shifa hospital

    Speaking to the reporters in the Oval Office, US president said he hoped and expected "that there will be less intrusive action relative to the hospital," adding that he was in touch with the Israelis on the matter. According to MSF, hundreds of people are stranded in the hospital complex...
  • US strikes Iran-linked locations in eastern Syria

    US Defense Secretary Lloyd Austin said that his country's forces carried out precision strikes on facilities in Syria used by Iran's IRGC and Iran-affiliated groups in response to continued attacks on US troops in Iraq and Syria. It is the third time in three weeks that the US targeted locations...
  • Netanyahu tells NBC ‘there could be’ potential deal to free hostages

    "We heard that there was an impending deal of this kind or of that kind and then we learned that it was all hokum. But the minute we started the ground operation, that began to change," Netanyahu told NBC show "Meet the Press."
  • Ukraine officer had key role in Nord Stream sabotage: reports

    Mystery has surrounded who was behind the blasts that damaged the pipelines, cutting off a major route for Russian gas exports to Europe and fuelling already high tensions over Moscow's invasion of Ukraine. Different theories have emerged pointing the finger at Ukraine, Russia or the United States. All have denied...
  • Gaza’s post-war governance uncertain as war rages

    Israeli Prime Minister Benjamin Netanyahu, who has long sought to sideline the PA, on Wednesday told Fox News his country does not plan to reoccupy Gaza. Pushed on his plan for Gaza's future, Netanyahu said the impoverished and blockaded territory must be "demilitarized, deradicalized and rebuilt."
  • US military plane crashes in Mediterranean training ‘mishap’

    US EUCOM did not specify the type of plane or where it was flying from, but the US has deployed a carrier strike group to the area as part of efforts to prevent the Israel-Hamas war from spiraling into a regional conflict. It said the plane suffered a mishap and...
  • Russia spreading disinformation on Middle East situation, says Microsoft

    Paris, France - Russia has been spreading "disinformation" about the situation in the Middle East, the president of Microsoft said on Saturday, as tensions soar in the region due to the Israel-Hamas war.Brad Smith, Microsoft vice chair and president, was asked about the role of the US tech giant in promoting...
  • Israel faces global calls to protect civilians in Gaza

    The suffering and death in Gaza has prompted growing calls for a halt in five weeks of fighting in order to protect civilian lives in the densely populated territory. French President Emmanuel Macron called on Israel to stop bombing civilians in Gaza, saying there was "no justification" and the deaths...
  • Blinken ends marathon tour warning ‘more needs to be done’ on Gaza

    New Delhi, India - US Secretary of State Antony Blinken wrapped up a marathon diplomatic push on Friday in India after a whirlwind Middle East trip and G7 talks, saying Israel's pauses in its Gaza offensive would "save lives" but more was needed."Far too many Palestinians have been killed," Blinken said...
  • NGOs say full Gaza ceasefire needed to provide care

    About 10 non-governmental organizations told a press conference on the sidelines of a humanitarian summit hosted by France that a simple pause in the fighting would not alleviate what they called a humanitarian "catastrophe". Their appeal came as US President Joe Biden said there was "no possibility" of a ceasefire,...
  • Roadside blast hits global coalition troops in Iraq

    The forces encountered an IED (improvised explosive device) blast near the Mosul dam, the military official told AFP, speaking on condition of anonymity. No casualties were reported. This is the latest in a growing series of attacks on US personnel in the region, following the outbreak of the war between...
  • Israel agrees pauses in fighting but rules out ceasefire

    Tens of thousands of civilians have streamed out of devastated northern Gaza in recent days, with men, women and children clutching meagre possessions as they emerge from the devastated warzone. They have fled close-quarter fighting, with Hamas militants using rocket-propelled grenades against Israeli troops backed by armoured vehicles and heavy...
  • Israel to begin four-hour pause in Gaza, says US

    Israel has agreed to daily four-hour military pauses in northern Gaza for humanitarian purposes, the White House said. President Joe Biden has been pressing Israeli Prime Minister Benjamin Netanyahu for longer breaks in the fighting after over a month of war sparked by the October 7 attacks by Hamas.
  • US confirms Huthis shot down American drone off Yemen

    The Huthis -- who seized Yemen's capital Sanaa in 2014 and control large swathes of the country -- claimed the shootdown earlier in the day. "Our air defenses were able to down an American MQ-9 while it was carrying out hostile surveillance and espionage activities in Yemeni territorial waters as...
  • US opposes reoccupation of Gaza by Israel: State Dept

    In a rebuke to the Israeli PM Benjamin Netanyahu who vowed to have "overall security" of Gaza after the war, the State Department said that the US does not support the reoccupation of the enclave, "Palestinians must be at the forefront of these decisions and Gaza is Palestinian land and...
  • US diplomat urges calm at Lebanon-Israel border amid skirmishes

    Beirut, Lebanon - Visiting US envoy Amos Hochstein on Tuesday urged for calm to return to Lebanon's southern border with Israel, after weeks of skirmishes following the start of the Israel-Hamas war."The United States does not want to see conflict in Gaza escalating and expanding into Lebanon," Hochstein told a press...
  • Record number of patent applications filed globally in 2022, says WIPO

    GENEVA, SWITZERLAND - Global patenting activity soared to new records in 2022, fueled by Indian and Chinese innovators, but an uncertain economic outlook is weighing on further growth, says the World Intellectual Property Organization report.Even as global filings for trademarks and designs dropped, innovators from around the world submitted 3.46...
  • OpenAI sees a future of AI ‘superpowers on demand’

    Dreams of the benefits of generative AI -- along with fears of the technology's risks -- have been hot topics in the tech world since ChatGPT made its blockbuster debut a year ago. More than 2 million developers are building on the OpenAI platform, while more than 100 million people...
  • Ryanair profits soar

    Its net profit is US$2.4bn in the six months to September end.
  • US encouraging Israel to kill and carry out cruel acts against Palestinians: Raisi

    Tehran, Iran--Iranian President Ebrahim Raisi on Monday accused the United States of "encouraging" Israel to kill and carry out "cruel acts" against Palestinians in the Gaza Strip.Gunmen from the Palestinian Islamist group Hamas stormed across Gaza's border with Israel on October 7, killing about 1,400 people, mostly civilians, and taking...
  • UAE and China urge UN Security Council meeting on Gaza

    Dubai, UAE-- The United Arab Emirates (UAE) and China have called for a closed-door meeting of the UN Security Council on the Palestinian-Israeli conflict for Monday.The UN Security Council will discuss, in particular, the strikes on the Palestinian refugee camp Jabalia in the north of the Gaza Strip and a...
  • US Secretary of State arrives in Iraq on a surprise visit

    During his meeting with Blinken on Sunday, Iraqi Prime Minister reiterated calls for a ceasefire and pointed to "the urgency of containing the crisis and preventing its spread", a statement from his office said. Iraq does not recognize Israel as a state and its government is close to Iran, which...
  • Jordan air force drops ‘vital medical supplies’ in Gaza

    Taking to X, formerly Twitter, King Abdullah said that Jordan's air force personnel air-dropped at midnight urgent medical aid to Jordanian's field hospital in Gaza. Terming it as "our duty to aid our brothers and sisters injured in the war on Gaza", he said the kingdom will always be there...
  • gaza, israel, oil, crude

    Saudi Arabia to continue voluntary oil cut until end of Dec 2023

    Riyadh, Saudi Arabia -- Saudi Arabia has announced it will continue the voluntary cut of one million barrels per day, which went into implementation in July 2023 and was later extended until the end of December 2023. The Kingdom’s production in the month of December 2023 will be approximately 9...
  • Global assets in spot bitcoin ETFs hit US$4.16 billion

    Dubai, UAE--Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total US$4.16 billion, showed data by CoinGecko, a cryptocurrency data and analysis company. According to a few media reports nearly half of that sum, or $2 billion, is invested in the seven spot bitcoin...
  • Turkey recalls envoy to Israel, breaks off contact with Netanyahu

    Turkey has hardened its attitude toward both Israel and its Western supporters, particularly the US, as the relentless Israeli attacks on the besieged enclave of Gaza sent the death toll among Palestinians shockingly up. Turkey's decision came on the eve of what promises to be a difficult visit to Turkey...
  • Public defies world leaders, rallies to back Palestinians

    Global outcry mounts as thousands protest in the US, UK, France, and Germany, defying their governments' support for Israeli aggression and demanding ceasefire in Gaza.
  • Israeli army targets Hizbollah post in Lebanon after cross border firing

    Jerusalem - The Israeli military said on Saturday it had struck "two cells" and a Hizbollah post in response to attempted firing from Lebanon as cross-border shelling continued while Israel fights Hamas in Gaza.The latest skirmishes came a day after Hizbollah chief Hassan Nasrallah warned that the war between Israel...
  • Israel Foreign Ministry denies relations with Bahrain cut off

    Dubai, UAE-- A day after Bahrain's parliament announced that its ambassador to Israel is being recalled, the Jewish state said it had not been informed about such a move, adding that relations with the Gulf state were “stable”.According to Israel's Foreign Ministry, the country has not received any “announcement or...