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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.

AI talking trees feature at Chelsea Flower Show

London, United Kingdom -- Talking trees powered by AI, drought-resistant crops and sweet potatoes sprouting among flowers -- the prestigious...
  • More than 140,000 visitors are expected to view what the Royal Horticultural Society (RHS) bills as "the pinnacle of horticultural excellence".
  • In the Intelligent Garden, plant-lovers can truly talk to the trees thanks to artificial intelligence.

Israel army announces ‘extensive ground operations’ in ramped-up Gaza campaign

Since a two-month ceasefire collapsed in March as Israel resumed its offensive, negotiations mediated by Qatar, Egypt and the United...
  • Israel has faced increasing pressure to lift its aid blockade, as UN agencies warn of critical shortages of food, clean water, fuel and medicine.
  • The UN had warned of the risk of famine in Gaza long before the aid blockade was imposed.

‘Gentle giants’: World’s strongest men defy stereotypes

Sacramento, United States -- Eddie Williams is a schoolteacher from Monday to Friday and a wedding singer on weekends. In...
  • The World's Strongest Man competition was first held in 1977 at Universal Studios in California.
  • The names of the individual events -- the "Titan's Toss," "Atlas Stones," "Flintstone Barbell" and "Hercules Hold" -- convey the magnitude of the challenges.

General Gulf inflation rate logs 1.7% by end of Dec 2024

Muscat, Oman -- The general inflation rate in the GCC countries rose by 1.7 percent at the end of December...
  • The increase is primarily driven by a 5.9 percent increase in housing prices and a 2.8 percent rise in the prices of goods and services.
  • The culture and entertainment group recorded a 1.8 percent increase, while both the food and beverages group and the education group rose by 1.2 percent each.

Saudi airline resumes first Iran hajj flights since 2015

Riyadh, Saudi Arabia -- A Saudi airline has resumed flights for Iranian hajj pilgrims to the kingdom for the first...
  • Flynas is a budget airline based in Saudi Arabia, which operates domestic and international routes.
  • Officials stressed that the flights were not commercial and were only for the hajj pilgrimage.

Pope Leo XIV: Mild-mannered American with global view

The 69-year-old pontiff saw the challenges facing the worldwide Catholic Church up close in two decades as a missionary in...
  • And he already has a keen grasp of the inner workings of the Vatican, thanks to two years in a powerful role within the Roman Curia.
  • With his calls this week for peace and in railing against inequality and social injustice, Pope Leo has drawn parallels with his reforming predecessor, Pope Francis.

EGA advances plans to build new US aluminum plant

Abu Dhabi, UAE --  Emirates Global Aluminum, the largest ‘premium aluminum’ producer in the world, today announced the progression of...
  • The plant is expected to have a production capacity of 600 thousand tons of primary aluminum per year.
  • Some 85 per cent of the aluminum needs of American industries, from automotive to aviation and construction, are currently met by imports.

Dbeibah calls on armed groups to align with state

Days of clashes in the capital have pitted an armed group aligned with the Tripoli-based government against groups it has...
  • The country has remained deeply divided since the 2011 NATO-backed revolt that toppled and killed longtime leader Moamer Kadhafi.
  • The recent fights have killed at least eight people, said the UN, while the authorities have yet to release an official tally.

The US towns that took on ‘forever chemical’ giants — and won

Washington, United States -- No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into...
  • Tainting food, water and wildlife, these toxic substances have been linked to ailments ranging from birth defects to rare cancers.
  • Yet if it weren't for the efforts of residents in two heavily impacted American towns, the world might still be in the dark.

US stocks move sideways but poised for weekly gains

The S&P 500 has risen the last four sessions, extending the positive momentum after last weekend's trade talks resulted in...
  • The broad-based S&P 500 added 0.1 percent at 5,923.30, while the tech-rich Nasdaq Composite Index gained 0.2 percent to 19,146.48.
  • Broadband and cable company Charter Communications gained 2.5 percent after announcing a deal to acquire Cox Communications for $34.5 billion.

Israeli army kills 53 Palestinians and injures 200 others near Gaza aid site

"Israeli drones fired at the citizens. Some minutes later, Israeli tanks fired several shells at the citizens, which led to...

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TOURISE 2025: Riyadh to host premier summit for sustainable tourism

Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...

Trump administration refocuses US-China chip war on AI and Huawei

Beijing, China -- The United States has taken aim at China's Huawei over the cutting-edge chips powering artificial intelligence (AI),...

Global anti-malware crackdown leads to 20 arrest warrants, Europol says

Authorities took down more than 300 servers worldwide, neutralized 650 domains and seized 3.5 million euros ($3.9 million) in cryptocurrency,...

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May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn

Abu Dhabi, UAE -- The Ministry of Finance (MoF), in its capacity as the issuer and in collaboration with the...
  • The total bids received reached AED 6.93 billion ($1.88bn), reflecting an oversubscription rate of 6.3 times.
  • The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99 percent for the May 2027 tranche and 4.06 percent for the May 2030 tranche

Ads pressured to evolve as AI changes Google search

San Francisco, United States -- As Google races to lead in artificial intelligence, it faces the challenge of making sure...
  • The internet giant is dabbling with ads in its new AI Mode for online search, a strategic move to fend off competition from ChatGPT.
  • A new AI Mode enables conversational interaction with Google during search queries, providing answers in diverse formats, such as video, audio or graphs.

Turkey says increasing energy exports to war-torn Syria

Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...
  • Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war.
  • The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day.