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SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

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.
  • Universe’s mysteries in focus as Europe launches Euclid space telescope

    WASHINGTON, US - Europe's Euclid space telescope is scheduled to blast off Saturday on the first-ever mission aiming to shed light on two of the universe's greatest mysteries: dark energy and dark matter.The launch is planned from Cape Canaveral in Florida at 11:12 am local time (1512 GMT) on a...
  • UAE urges world to address root causes of intolerance, extremism

    NEW YORK, US- Advisor to the UAE Minister of Foreign Affairs Salem Al Zaabi called on the international community to address the root causes of intolerance and extremism, including countering disinformation on the internet and social media.Al Zaabi, who led the UAE’s delegation to the biennial United Nations Counter-Terrorism Week...
  • Conservative-dominated US Supreme Court steers society sharp right

    Washington, United States--One year after its ruling to erase abortion rights, the conservative-dominated US Supreme Court has underscored its determination to push society sharply to the right by scrapping long-established progressive policies.In emphatic rulings this week the court banned universities from giving minorities priority in admissions -- so-called "affirmative action" --...
  • Apple tops $3trn in market value

    Wall Street rises as US consumer inflation moderates.
  • US first quarter economic growth 2 percent after strong consumer spending

    Washington, United States - US economic growth came in at two percent in the first quarter this year, the Commerce Department said Thursday, making a significant upward revision to earlier estimates partly on stronger-than-expected consumer spending.While GDP growth in the world's biggest economy has still cooled from 2.6 percent in the...
  • BMW to put in $218m in S Africa

    BMW's Pretoria plant has made over 1.6 million vehicles.
  • Markets rise as upbeat US data plays against rates outlook

    Wall Street popped higher Tuesday after a string of readings soothed concerns about a possible recession, while traders were also cheered by Chinese growth pledges. However, reports that Washington could block the export of artificial intelligence chips to China weighed on sentiment.
  • US to defund science for Israeli universities in West Bank

    The Biden administration has returned to the long-standing US position of calling for a two-state solution with the Palestinians and criticizing settlement expansion under Prime Minister Benjamin Netanyahu. Washington has stopped short of any substantive effort at negotiating a peace deal, seeing prospects as highly unlikely with Netanyahu.
  • Aston Martin, Lucid Group sign deal

    Lucid Group to help make Aston Martin's luxury 'green' cars.
  • US spy agencies detected early signs of Russia revolt, say media reports

    According to the US media reports, intelligence officials conducted briefings at the White House, the Pentagon and on Capitol Hill about the potential for unrest in nuclear-armed Russia a full day before it unfolded. Putin himself was informed that Prigozhin, once a close ally, was plotting his rebellion at least...
  • AI chip giant Nvidia likely to invest in Europe

    SANTA CLARA, US -  The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in Europe.Nvidia's Jensen Huang told reporters that expanding in Europe was a "wonderful idea."By investing money in Europe, Nvidia would join other semiconductor giants like Intel that are also looking to...
  • Kuwait, UN sign MoU to enhance cooperation in counter terrorism

    NEW YORK, US - Kuwait Ministry of Foreign Affairs and the United Nations signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in countering terrorism and exchanging experiences."The memorandum will enhance cooperation, exchange of experiences, training of youth and those concerned with the country in combating terrorism, and increase...
  • Iran dismisses US claims on Russia’s use of Shahed drones in Ukraine war

    Tehran, Iran--Iran’s permanent mission to the United Nations has rejected the claim by the United States and its allies about Russia’s use of Iranian drones in the Ukraine war.The mission in a statement on Friday said the "anti-Iran claims" are aimed to influence the six-month periodic report of UN Secretary-General...
  • Musk, Zuckerberg seek cage fight to settle differences

    Months after Musk took over Twitter, Zuckerberg's Meta hinted it was planning to launch its own text-based social media platform - essentially a direct rival.
  • Iran foreign minister holds talks with Omani counterpart

    ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...
  • ‘Underwater noises’ detected in missing sub search: US Coast Guard

    "Canadian P-3 aircraft detected underwater noises in the search area. As a result, ROV (remotely operated vehicle) operations were relocated in an attempt to explore the origin of the noises," the US Coast Guard's First District said on its official Twitter page. The announcement is the most encouraging sign yet...
  • Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?

    The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to a peaceful place. Dive into an in-depth analysis from TRENDS.
  • Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?

    The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place.
  • Three killed in Syria by Turkish drone attack

    QAMISHLI, SYRIA- A Turkish drone strike killed three employees of northeast Syria's semi-autonomous Kurdish administration on Tuesday, a spokesman said, amid a recent uptick in attacks targeting Kurdish-held areas.The strike targeted "a vehicle transporting civilian employees, killing two Kurdish women and a Christian" man, said Farhad Shami, spokesman for the Kurdish-led...
  • US supports China’s bid to advance Middle East peace

    Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.
  • Iran blames US, France and many others for fomenting Amini protests

    Kazemi alleged that the United States, the United Kingdom, France, Germany, Canada, Belgium, Italy and Iran's arch-foe Israel were among the countries involved in inciting the protests, according to excerpts of an interview published by state media. Saudi Arabia, with which Iran has recently resumed diplomatic ties after a seven-year rupture,...
  • Nearly US$1.5bn pledged to fend off Sudan humanitarian crisis

    UN chief Antonio Guterres has warned that Sudan is descending into death and destruction at unprecedented speed as he urged donors to step in and curb the unfolding catastrophe. The UN has two appeals for tackling the crisis -- the humanitarian response within Sudan, which needs $2.6 billion this year,...
  • US supports China’s bid to advance Middle East peace

    Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says US Secretary Antony J. Blinken in an interview.
  • Israel defiant amid global criticism over West Bank settlement expansion

    UN Middle East envoy Tor Wennesland issued a warning on Monday against changes made by the Israeli government that will simplify procedures to authorize settlements in the occupied West Bank. The alterations, expected to expedite settlement expansion, have caused international concern.
  • Xi says China, US ‘made progress’ in Blinken visit

    Blinken opened the day by meeting China's top diplomat, Wang Yi, whose position in the Communist Party ranks above the foreign minister. Returning to the ornate state guesthouse in the ancient Diaoyutai gardens where Sunday's talks took place, Blinken and Wang offered polite smiles before the cameras and exchanged pleasantries...
  • New $25bn Intel plant Israel’s single largest foreign investment

    The "agreement in principle" would see the semiconductor firm build the facility in southern city Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. As part of the deal, Intel's taxes to Israel would rise from five to 7.5%, the finance ministry...
  • Binance and SEC reach deal to repatriate US customers’ funds

    US Securities and Exchange Commission did not specify how many of Binance's US customers are affected, nor the value represented by these funds. Earlier this month the SEC charged the crypto giant with securities law violations that it said amounted to "an extensive web of deception" and "calculated evasion of...
  • Blinken begins high-level talks in China to ease bilateral tensions

    US Secretary of State Antony Blinken is in Beijing for key discussions, marking the first top-level US visit in five years. Amid rising tensions and conflicts over trade, technology, and security, both countries display cautious optimism for better communication and a potential easing of bilateral strains.
  • New 72-hour ceasefire takes effect in Sudan after spurt in fighting

    Several truces have been agreed and broken during the two-month war, including after the United States slapped sanctions on both generals after a previous attempt collapsed at the end of May. A 24-hour ceasefire from June 10 to June 11 provided Khartoum residents with a brief respite from the air...
  • In spite of US sanctions, Iran’s crude oil exports break five-year record

    Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports.According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China, Syria...
  • Saudi embrace of China signals shift in Middle East geopolitics

    China's approach, characterized by a combination of economic incentives and a focus on development, contrasts with the more assertive and unilateral approach often associated with the United States. For Arab nations, China's appeal also lies in its geo-economic-centric relationship, he adds.
  • Arab nations account for 25 percent of Israel’s 2022 arms exports

    Jerusalem, Undefined - Israeli defense exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.The defense ministry, which oversees and approves the exports of Israel's defense industries, said one quarter of deals were...
  • Vodafone merges with Hutchison

    The merger will lead to network investment of £11 billion over 10 years.
  • UAE consul general visits Albany to foster deeper economic, cultural ties

    Albany, New York-- The UAE has reiterated its resolve to strengthen economic and cultural ties with New York and the US as both countries seek to advance the transition to clean energy.The renewal of the commitment was made during a visit by Amna Binzaal Almheiri, UAE Consul General in New...
  • EU lawmakers to back world’s first rules on AI systems like ChatGPT

    The EU's plans date back to 2021, the draft rules took on greater urgency when ChatGPT exploded onto the scene last year, showing off AI's dizzying development and the possible risks. There is also growing clamour to regulate AI across the Atlantic, as pressure grows on Western governments to act fast...
  • US judge pauses Microsoft’s $69 billion buyout of Activision

    Judge Edward Davila said in a ruling that it "is necessary to maintain the status quo" while the court considers a longer term injunction on the purchase as requested by regulators at the Federal Trade Commission (FTC). A hearing was set for June 22 and June 23 in San Francisco...
  • Iranian nuke expert, EU officials review Tehran’s atomic program

    A landmark deal in 2015, formally known as the Joint Comprehensive Plan of Action (JCPOA), gave Iran sanctions relief in exchange for curbs on its nuclear program to guarantee that Tehran could not develop a nuclear weapon -- something it has always denied wanting to do.
  • Stock markets rise globally on cooling US inflation

    Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its interest rate-hike campaign. Wall Street indices advanced at the open while European markets climbed after official figures showed US consumer prices rose by 4.0 percent year-on-year in May, compared to...
  • US exhorts Tunisia to agree to IMF reforms after EU offer

    The EU offered a 900-billion-euro aid package -- contingent on Tunisia reaching an IMF deal. But Tunisian President Kais Saied has repeatedly refused "diktats" from the IMF and the US has led accusations that the birthplace of the Arab Spring is falling to authoritarianism after the dissolution of parliament and...
  • Saudi Arabia to provide visitors with instant e-visa to boost travel

    Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant e-visa options to visitors, facilitating UK, US, and Schengen visa holders, as well as permanent residents of UK, US, and any EU country to obtain tourist e-visas.Saudi Arabia had previously...
  • HSBC relaunches SVB UK

    The new unit is headed by former SVB UK boss Erin Platts.
  • Indirect talks with US ongoing via Oman, says Iran

    Iran said it has continued indirect negotiations with the Unites States through the Sultanate of Oman over its nuclear deal and a possible prisoner swap. Iran's nuclear program has long been the subject of scrutiny from Western powers, resulting in sanctions that have crippled the country's economy.
  • Iran-Turkey trade to hit US$15bn on back of private sector cooperation

    Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back of deeper cooperation with the private sector.According to a senior official in Iran’s Trade Promotion Organization (TPO) trade with Turkey will easily reach $15 billion in early March 2025 to...
  • George Soros hands over control of his $25bn empire to son Alexander

    Billionaire investor George Soros had handed over control of his US$25 billion empire to his younger son Alexander Soros - aka Alex. There were doubts in the market that George Soros, who is 92, will ever give up control in his lifetime, according to a report published in the Wall...
  • Divided Fed expected to rally around a US interest rate pause

    Members of the rate-setting Federal Open Market Committee remain divided going into the meeting on June 13-14, with a minority still pushing for an 11th straight hike to fight inflation, which remains above the Fed's long-term target of two percent. The Fed has raised its benchmark lending rate by five...
  • UAE convenes Security Council meet, urges UN, League of Arab States to cooperate

    NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United Nations Security Council presidency.The UAE minister stressed on strengthening cooperation between the UN and the League of Arab States to further peace, security and stability in the region.Al Marar said,...
  • Sudan warring parties agree to 24-hour ceasefire: mediators

    Although many ceasefires have been broken, yet the twenty-four truce is seen as a chance to give the people of Sudan a brief respite from the ongoing civil war. Saudi and US mediators have warned that failure to observe the ceasefire would force facilitators to consider adjourning talks in Jeddah.
  • Russia plans to make Iranian drones by next year, says US government

    Russia is receiving materials from Iran to build a drone factory that "could be fully operational early next year," White House national security spokesman John Kirby warned. The White House released a satellite image of the location of the prospective plant in Alabuga special economic zone, some 900 kilometers east...
  • Most markets rise on hopes for US Federal Reserve rate pause

    Expectations the Fed will stand pat next week -- for the first time since starting its hiking cycle last year -- pushed equities higher for most of the month, helped by the end of the US debt ceiling standoff. Confidence was dealt a blow this week by the Bank of...
  • Swiss Parliament to examine UBS’ Credit Suisse takeover

    Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in...