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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.

Knesset to vote on new govt, Netanyahu’s rule set to end

Former Israeli president Benjamin Netanyahu,
    • The departure of Netanyahu, 71, has left the country bitterly divided

    • The new government’s policies likely to be hampered by a razor-thin majority it commands in the parliament

    Israeli prime minister Benjamin Netanyahu’s 12-year rule was set to end on Sunday when parliament votes on a new government, the media reports said. The new government will include the party that represents the 21 percent Arab minority.

    The departure of Netanyahu, 71 has left the country bitterly divided.

    The new coalition was cobbled together by the centrist opposition leader Yair Lapid and ultra-nationalist Naftali Bennett. The cabinet will be sworn in after a Knesset confidence vote it is expected to win.

    The two leaders will be prime ministers on rotation. Bennett, a hardline hi-tech millionaire, will serve as prime minister for two years followed by Lapid, a former popular TV host. Bennett will likely pursue the same right-wing agenda as Netanyahu.

    The new government will focus on domestic reforms and plans to largely avoid sweeping moves toward the Palestinians. The coalition’s policies are likely to be hampered by a razor-thin majority it commands in the parliament.