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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.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024
  • Losses were driven by a SAR 1.05 billion drop in gross profit on higher feedstock prices.
  • On a sequential basis, net loss shrank from SAR 1.89 billion in Q4 2024.

Loyalty Lost: How brands need to adapt to the modern traveler

Dubai, UAE: As 2025 unfolds, travel brands are facing a significant challenge: customer loyalty. Traditional rewards programmes, often based on points systems,...
  • To stay competitive, brands must move away from price-based rewards like discounts, which can boost short-term sales but impact profitability
  • Instead, focusing on personalised offers, exclusive experiences, and tiered memberships is key to fostering long-term customer loyalty

Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study

Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
  • The study, conducted by YouGov, found that nearly two-thirds (63%) of Gen Z respondents prefer accommodations that reflect local culture
  • Meanwhile, social media platforms like Instagram and TikTok are driving travel choices for 26% of them, with 79% already using or eager to use AI tools to plan their trips

The game of ‘chicken’ being played with the world economy can be brought to a cooperative end

A meaningful “G3” accord between the US, Europe, and China must include coordinated fiscal, monetary, development, and trade policies. From...
  • The hardline positions of the US and China on trade and tariffs are putting the world economy at risk, writes Richard Samans
  • Yet, Europe could broker a 'positive off-ramp' that fires on all of the cylinders of international cooperation

Morocco volunteers on Sahara clean-up mission as part Nomads Festival

M'HAMID EL GHIZLANE, Morocco - It may be the gateway to the vast Sahara desert, but that does not mean...
  • Bottles, plastic bags -- "there are all kinds", noted one helper who has joined the initiative cleaning up the edge of a village bordering the Sahara
  • The rubbish is "mainly linked to the massive production of plastic products, low recycling rates and atmospheric pollutants carried by the wind."

Israel PM accuses security chief of investigating minister without his consent

Prime Minister Benjamin Netanyahu on Monday accused Israel's internal security chief, whose dismissal was blocked by the supreme court, of...
  • "The claim that the prime minister authorised Shin Bet chief Ronen Bar to gather evidence against Minister Ben Gvir is yet another exposed lie," Netanyahu said
  • He was responding to a report that Bar's agency had spent months investigating far-right infiltration of the police and its links to Ben Gvir

Israel presses ground offensive in Gaza, encircles part of Rafah city

Israel's military pressed ground operations across the Gaza Strip on Sunday, encircling part of Rafah city near Egypt almost a...
  • Israeli troops on Sunday encircled Tal al-Sultan in Rafah, the military said in a statement, adding its objective was to dismantle terrorist infrastructure
  • Three weeks ago Israel blocked the entry of humanitarian aid into Gaza and cut electricity in a bid to force Hamas to accept the Israeli terms for an extension of the truce

Layali Diriyah: Blending scents of history, culture, global flavors

Riyadh, Saudi Arabia - Surrounded by the natural emblem of palm trees, Layali Diriyah during Ramadan radiates a distinctive ambiance,...
  • The ambiance merges ancient heritage with modern luxury, creating a memorable atmosphere for visitors
  • Guests enjoy a fusion of authentic traditions and contemporary elements, complemented by diverse international cuisines

Israel defence minister threatens to annex parts of Gaza unless Hamas frees the remaining Israeli hostages

The warning came as Israel stepped up the renewed assault it launched on Tuesday, shattering the relative calm that had...
  • Gaza's civil defence agency said Israeli strikes killed 11 people on Friday -- three in pre-dawn strikes and eight more during the daytime
  • Should Hamas not comply, Katz also threatened to expand buffer zones around Gaza to protect Israeli civilian population areas

Macron announces new Ukraine ‘coalition’ summit in Paris on March 27

French President Emmanuel Macron on Thursday said the leaders of a coalition of Ukraine backers would meet again in Paris...
  • Macron, together with British Prime Minister Keir Starmer, has been leading efforts to form a coalition in support of Ukraine
  • Starmer on Thursday hosted talks with around 30 senior military planners from nations interested in the coalition

Syria’s new authorities to help locate missing Americans: US envoy

Damascus, Syria -- Syria's new authorities have agreed to help the United States locate and return Americans who went missing...

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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...

Iran-US nuclear talks set for Rome this week: Oman mediator

Iran and the United States will hold the next round of talks on the Islamic republic's nuclear programme in Rome...

Israeli ‘warning’ fire at diplomats sparks outcry amid Gaza pressure

EU foreign policy chief Kaja Kallas urged Israel to hold to account those responsible for the shooting near Jenin, a...

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Oil prices jump on report of Israel prepping Iran strike

Both main crude contracts jumped around one percent after CNN reported multiple US officials as saying the government had received...
  • There are fears that such a sharp escalation could tip the Middle East into a war, with tensions already high over Israel's strikes on Gaza.
  • While safe haven gold pushed higher, the news from CNN appeared to be having little detrimental effect on Asian equities, with most extending the previous day's rally.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.
  • Total revenue saw a 15 percent rise compared to Q1 2024, supported by both passenger and cargo business.
  • With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the region.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.