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TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

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.
  • Hosts Qatar embrace ‘positive pressure’ of Asian Cup title defense

    Doha, Qatar -- Qatar coach Tintin Marquez said Friday they relish the "positive pressure" of trying to retain their Asian Cup title on home soil, on the eve of a quarter-final with Uzbekistan.The hosts and holders won all three of their games in the group phase without conceding a goal and...
  • ‘Qatar plays crucial role in enhancing transparency’

    "Uzbekistan is eager to strengthen its cooperative relationship with Qatar, particularly in anti-corruption efforts. Qatar has achieved advanced rankings and received numerous international accolades in this area, from which Uzbekistan seeks to learn," he adds during the Sheikh Tamim Bin Hamad Al-Thani International Anti-Corruption Excellence Award.
  • UNESCO places Ramadan’s ‘iftar’ in intangible cultural heritage

    Tehran, Iran - The UN cultural agency on Wednesday recognized iftar, the meal that breaks the daytime fast during the Muslim holy month of Ramadan, on its list of intangible cultural heritage.The application for the sociocultural tradition was jointly submitted by Iran, Turkey, Azerbaijan and Uzbekistan to the UN Educational, Scientific...
  • ACWA Power launches Phase I of green hydrogen project in Uzbekistan

    Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project in Uzbekistan, with a production capacity of 3,000 tons per year.In a statement, the company added that the project will be developed in two phases. The first phase, a 3,000...
  • Saudi Arabia re-elected president of UNWTO executive council

    Samarkand, Uzbekistan - The United Nations World Tourism Organization (UNWTO) approved the re-election of Saudi Arabia as president of its executive council for 2024, at the 120th Executive Council meeting held in the Uzbek city of Samarkand.The Minister of Tourism and Chairman of the Executive Council of UNWTO, Ahmed bin...
  • Putin launches Russian gas shipments to Uzbekistan

    "This is the largest trilateral energy project" between the three ex-Soviet countries, Putin said, after formally launching the shipment. He was hosting a meeting in Moscow with his Uzbek and Kazakh counterparts, Shavkat Mirziyoyev and Kassym-Jomart Tokayev.
  • Putin launches Russian gas shipments to Uzbekistan

    Moscow, Russia - Russian Vladimir Putin on Saturday announced the start of gas supplies to Uzbekistan via Kazakhstan, a boost for Russia's industry hit by a flurry of Western sanctions over the offensive in Ukraine.Despite being home to a wealth of natural  resources including gas, the Central Asian country of Uzbekistan has faced energy shortages.Moscow meanwhile relies heavily...
  • Al-Hilal of Saudi Arabia beats Iran’s Nassaji with hat-trick in AFC Champions League

    Riyadh, Saudi Arabia - Saudi Arabia's Al-Hilal FC achieved an important victory over its Iranian host, Nasaji Mazandaran, with three clean goals in the match on Tuesday at Azadi Stadium in the Iranian capital, Tehran, as part of the second round of the “fourth” group of the AFC Champions League.Serbian...
  • Neymar and Al Hilal suffer scare in Asian Champions League

    Runners-up in last year’s Champions League, Hilal were fortunate not to lose their Group B opener having gone behind on 52 minutes at King Fahd International Stadium to Toma Tabatadze’s expert finish. Navbahor, the 2022 Uzbekistan Super League runners-up, were competing in the Champions League for the first time. However, Hilal defender Ali Al...
  • ACWA Power signs clean energy agreements with Chinese firms

    Riyadh, Saudi Arabia/Guangdong, China -- Saudi-listed ACWA Power has signed MoUs with two Chinese firms to bolster collaboration in China and globally in green hydrogen and ammonia, global renewable energies and integrated smart energies.The agreements were signed with state-owned China Southern Power Grid International Company and clean energy integrated solution...
  • Sharjah and Uzbekistan explore investments in tourism, education sectors

    Sharjah, UAE-- Sharjah and Uzbekistan are looking to ramp up cooperation in trade and pour investments in sectors such as education, research and tourism.In this regard, the Department of Government Relations (DGR) in Sharjah hosted a high-level meeting with leading diplomats from the Republic of Uzbekistan recently to explore promising...
  • TAQA, Uzbekistan to explore power projects, infrastructure investment opportunities

    Abu Dhabi, UAE - Abu Dhabi National Energy Company (TAQA) has announced a collaboration with the Government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector.These opportunities include new and existing power plants as well as associated power infrastructure which collectively could be worth more than$3 billion.A...
  • Masdar to develop 2GW of clean energy projects in Uzbekistan

    Abu Dhabi, UAE -- Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Uzbekistan’s Ministry of Energy (MoE) and the Ministry of Investments, Industry and Trade (MIIT) to develop over 2 gigawatts of solar and wind projects and 500 megawatt-hours of battery energy storage at multiple sites across...
  • UAE discusses global economic challenges in EBRD meeting

    SAMARKAND, UZBEKISTAN -  The UAE, represented by the Ministry of Finance (MoF), participated in the 2023 Annual Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) here on May 16-18.The meeting discussed global economic challenges and prospects for economic growth.The UAE delegation included Younis...
  • Three countries to get $280m for financing education programs

    A total of $280 million will be provided to Cameroon, Kyrgyzstan and Uzbekistan as innovative financing under the SmartEd initiative for education to support effective and sustainable programs that will see more boys and girls in these countries into school and learning.
  • Uzbekistan calls for launch of ‘forum for businessmen’ in Doha or Tashkent

    Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities in both the countries.The appeal was made by the visiting Minister of Investment, Industry, and Trade, Laziz Kudratov.During his meeting with Qatar Chamber Chairman, Sheikh Khalifa bin Jassim Al-Thani, the...
  • UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei

    Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in sectors such as transport and infrastructure. He disclosed that companies such as Mubadala, masdar, and Taqa currently operating in the country have plans to increase their investments in the future.
  • Uzbekistan, IsDB ink pacts worth US$396.7m for infrastructure, education

    JEDDAH, SAUDI ARABIA  - Islamic Development Bank (IsDB) President and Group Chairman Dr. Muhammad Al-Jasser and Uzbekistan Minister of Investments, Industry, and Trade Laziz Kudratov have signed three financing agreements for  the development of infrastructure and social services in the Central Asian country.These agreements aim to promote sustainable economic growth,...
  • Masdar achieves financial close on three solar projects in Uzbekistan

    Abu Dhabi, UAE--Abu Dhabi Future Energy Company (Masdar) announced today it has achieved financial close on three solar photovoltaic (PV) projects it is developing in Uzbekistan.Construction will begin imminently on the plants, which will have a combined capacity of around 900 megawatts – the largest solar development programme in the...
  • ACWA Power to invest $2.5bn in Uzbekistan green energy projects

    Dubai, UAE -- Saudi ACWA Power has signed three power purchase agreements and investment agreements valued at $2.5 billion with Uzbekistan to develop solar photovoltaic (PV) and battery energy storage systems (BESS) in several cities of the central Asian nation.The pacts were signed with Uzbekistan’s Joint-Stock Company (JSC) National Electric...
  • Xi Jinping to visit Russia next week, will discuss ‘strategic cooperation’

    The two leaders "will discuss deepening the exhaustive partnership and strategic cooperation between Russia and China", including on the international stage, the Kremlin said, adding, "important bilateral documents will be signed". The visit will come just over a year into Moscow's invasion of neighbouring Ukraine.
  • Iran’s President Ebrahim Raisi to visit China: state media

    On his upcoming trip, Raisi is expected to hold private talks with Xi, and delegations from both countries are due to sign "cooperation documents", according to Iranian media agency.
  • Jeddah to showcase Uzbekistan’s ‘cultural heritage’ at Biennale

    Jeddah, Saudi Arabia--Jeddah will host the first Islamic arts event from 23rd January to 23rd April 23, 2023, which will feature 17 exhibits from Uzbekistan.The event is organized by the Diriyah Biennale Foundation in cooperation with the Ministry of Culture of Saudi Arabia.The event aims at “connecting the past, present...
  • ACWA Power seals $2.4 bn deal

    The firm signed PPA with the National Electric Grid of Uzbekistan.
  • Kazakhstan eyes energy takeovers after blackouts, ‘mismanagement’

    ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the latest blackout there left thousands without electricity in freezing temperatures. The vast ex-Soviet country is a net exporter of energy, but high gas prices this year fueled historic and bloody...
  • ADFD takes part in foreign investors meet in Uzbekistan

    ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of Foreign Investors in Uzbekistan. The session was held under the chairmanship of President of Uzbekistan Shavkat Mirziyoyev. The discussions focused on fostering economic development in Uzbekistan by facilitating investment in...
  • Mubadala, TAQA Group to invest in power sector in Uzbekistan

    The binding agreements will see Mubadala and TAQA each acquire a 40% stake in two gas-fired power plants.
  • Saudi, Uzbekistan sign cooperation pact in several energy sectors

    Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of energy though research and studies besides working on exchanging policies and laws related to these. The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin...
  • ACWA Power to sign $2.4bn wind power project deal in Uzbekistan

    ACWA Power Company will join hands with Uzbekistan in order to enter into  a $2.4 billion deal for a 1,500-megawatt wind project, a bourse filing disclosed.
  • AD Ports Group, SEG sign MoUs

    A logistics and freight business and food trading hub will be built in Uzbekistan.
  • UAE and Uzbekistan extend strategic partnership for three years

    The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the exchange of knowledge, expertise, and successful experiences.
  • OPEC Fund approves $233 million for development projects

    The grants were approved at the 179th session of OFID’s Governing Board in Vienna.
  • UAE and Uzbekistan to ‘prepare government leaders’

    The UAE and Uzbekistan have joined hands to launch a four-month ''Uzbek Government Leadership Program'' to prepare a generation of government leaders based on the working model of the UAE government.
  • Iran plans to double exports to neighboring countries in four years

    Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is achievable even within the next two years and a half, said the country's Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari. Safari, while presenting a report of the 100-day...
  • 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.
  • IsDB launches $100m fund in Uzbekistan

    The $100-million fund, mainly supported by Saudi investors, will target 34 micro, small, and medium enterprises.
  • UAE at Tashkent conference: infrastructure key driver for investment

    UAE energy and infrastructure minister Suhail bin Mohammed Al Mazrouei praises Uzbekistan for attracting investment and developing the country's infrastructure
  • ACWA to build Central Asia’s largest single-site wind farm in Uzbekistan

    The 1500MW plant expected to cater to power needs of about 4 million households *ACWA Power also has a 1500MW high-efficiency gas-fired power project under construction in Sirdarya, Uzbekistan Riyadh: ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants in 13 countries, has...
  • UAE, Uzbekistan sign agreement to implement humanitarian projects

          Completion of work on a women and children's hospital in the Uzbek city Nukus part of the agreement A committee to be established under this deal will review its implementation and issues raised by the parties The UAE has signed a bilateral agreement with the Republic of...
  • Masdar wins 400MW solar plants tenders in Uzbekistan

    The plants are expected to have a combined output of 400 MW  The projects are being implemented on a public-private partnership The Ministry of Energy of Uzbekistan has announced that Abu Dhabi Future Energy Company, aka Masdar, has won tenders for two solar plants in that country, which are expected...