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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.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Saudi foreign minister in US to prepare for Trump visit

Saudi Foreign Minister Faisal bin Farhan. AFP
  • Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.
  • Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to "prepare for Trump's visit to Riyadh", the source close to the Saudi government said.

Riyadh, Saudi Arabia — Saudi Arabia’s top diplomat is in Washington to lay the groundwork for US President Donald Trump’s upcoming visit, the first foreign trip of his second term, a Saudi government source told AFP Wednesday.

Last month, Trump said he may visit Saudi Arabia as early as April in a reprisal of 2017, when the kingdom was the first destination of his first term in office.

Foreign Minister Prince Faisal bin Farhan arrived in Washington on Tuesday, aiming to “prepare for Trump’s visit to Riyadh”, the source close to the Saudi government said.

The source, who requested anonymity to discuss sensitive matters, said “developments in Gaza, Yemen and Syria” were also on Prince Faisal’s agenda.

The official Saudi Press Agency said Prince Faisal was set to meet his US counterpart Marco Rubio to discuss “key regional and international developments”.

In January, Crown Prince Mohammed bin Salman, promised to pile $600 billion into US trade and investments.

Trump later said Saudi Arabia had agreed to “spend close to a trillion dollars… in our American companies, which to me means jobs”.

Trump forged close relations with Riyadh in his first term and is expected to push Saudi Arabia, home of Islam’s holiest sites, towards normalizing ties with Israel as a major foreign policy objective.