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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.

Palantir, the AI giant that preaches US dominance

Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...

Israeli fire kills 39 and wounds more than 100 Gazans near two aid centers

UN has said it had recorded 875 people killed in Gaza while trying to get food, including 674 in the...
  • The World Food Programme said nearly one in three people in Gaza were not eating for days at a stretch and "thousands" were "on the verge of catastrophic hunger".
  • Civil defense agency spokesman Mahmud Bassal said the deaths happened near a site southwest of Khan Yunis and another center northwest of Rafah

Turkey parliament passes contentious mining legislation

Turkey's parliament on Saturday passed a controversial bill that opens certain agricultural lands including olive groves to mining activities, local...
  • The bill, part of a broader package proposed by President Recep Tayyip Erdogan's ruling AKP party, sparked protests from opposition parties and environmental groups
  • Farmers from across Turkey have gathered outside parliament over the past two weeks, urging the government to withdraw the draft, with some starting a hunger strike this week

Trump sues Murdoch, newspaper over Epstein sex bombshell

Washington, United States - US President Donald Trump sued media magnate Rupert Murdoch and The Wall Street Journal for at...
  • The defamation lawsuit, filed in federal court in Miami, saw the 79-year-old Republican hitting back at a scandal threatening to cause serious political damage
  • The Journal reported Thursday that in 2003, the then-real estate magnate wrote a birthday letter to Epstein, illustrated with a naked woman and alluding to a shared "secret."

New clashes rock Syria’s Druze heartland as tribal fighters reinforce Bedouin

Armed tribes supported by Syria's Islamist-led government clashed with Druze fighters in the community's Sweida heartland on Friday, a day...
  • The United Nations called for an end to the "bloodshed" and demanded an "independent" investigation of the violence, which has claimed nearly 600 lives since Sunday
  • It was Sharaa who ordered government forces to pull out, saying that mediation by the United States and others had helped avert a "large-scale escalation" with Israel

Hamas armed wing says Israel blocking ceasefire and hostage release talks

The armed wing of the Palestinian militant group Hamas on Friday accused Israel of blocking a deal in talks for...
  • Negotiators from both sides have been in indirect talks in Qatar since July 6 to try to agree on a 60-day truce in the conflict, which would see 10 captives freed.
  • But after nearly two weeks, there has been no breakthrough and each side has blamed the other for refusing to budge on their key demands

Iraq says drones that struck military radar are foreign-made, doesn’t identify perpetrators

Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of the drones used in...
  • On June 24, the Iraqi government said that several small suicide drones targeted multiple Iraqi military sites and bases, including the radar systems at Camp Taji
  • Sabah al-Numan, the military spokesman for the prime minister, said that Iraq identified "the origin of drones used in the attacks," adding that they were "equipped with warheads

UAB net profit up by 50% for H1

Total assets increase by 11 percent.
  • Total income rose by 24 percent YoY to AED 374 million.
  • The increase in net profit reflects significant growth in total assets—up 11 percent from December 2024—and the Bank’s disciplined approach to risk management.

Ajman’s real estate sector deals up 37% in H1 to hit $3.37bn

Ajman, UAE -- The real estate sector in the Emirate of Ajman recorded real estate transactions worth AED 12.4 billion...
  • Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Department of Land and Real Estate Regulation in Ajman, stated the sector plays a pivotal role in the emirate's growth.
  • He said the H1 results indicated a rising demand for properties and confirm the emirate’s attractiveness to investors and its strong competitive edge.

G20 nations agree central bank independence ‘crucial’

The statement came after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell. The...
  • This week he suggested he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve headquarters.
  • The G20 is made up of 19 nations and two regional organizations and its members account for more than 80 percent of the world's economic output.

Gulf Air orders 12 Boeing 787 Dreamliners for $4.6 billion

San Francisco, United States -- US aviation giant Boeing on Thursday signed a contract worth billions of dollars to sell...
  • The order comes one month after an Air India Boeing 787 crashed shortly after takeoff, killing a total of 260 people on the plane and on the ground.
  • Boeing delivered 150 commercial aircraft in the second quarter, its highest number of deliveries in that quarter since 2018.

Palantir, the AI giant that preaches US dominance

Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...

Latest News

Hamas accuses US mediators of reneging on Gaza talks positions

"The negative statements of the US envoy Witkoff run completely counter to the context in which the last negotiations were...

UK starts online checks to stop children accessing harmful content

London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...

UN chief blasts ‘lack of compassion’ for Palestinians in Gaza

United Nations, United States -- UN Secretary-General Antonio Guterres on Friday slammed the international community for turning a blind eye...

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Syrian, Israeli ministers meet US envoy in Paris: senior diplomat

The US special envoy for Syria said he held talks with Syrian and Israeli officials in Paris on Thursday on...
  • "I met this evening with the Syrians and Israelis in Paris. Our goal was dialogue and de-escalation, and we accomplished precisely that," said the envoy, Tom Barrack, on X
  • This was the first meeting between the two countries that have technically been at war since 1948, and Israel has occupied the Golan Heights from Syria since 1967

Macron says France will recognise State of Palestine, angering Israel, US

At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel...
  • At least 142 countries now recognise or plan to recognise Palestinian statehood, according to an AFP tally -- though Israel and the United States strongly oppose the move
  • Several countries have announced plans to recognise statehood for the Palestinians since Israel launched a bombardment of Gaza nearly two years ago

Iran defends ‘unshakable’ right to enrich uranium ahead of key talks

Iran on Thursday reaffirmed its right to enrich uranium, saying it was "unshakable", on the eve of key talks with...
  • Friday's meeting, set to take place in Istanbul, will be the first since Israel's mid-June attack targeting key nuclear and military sites in the Iran sparked a 12-day war
  • The hostilities between Iran and Israel broke out just two days before Tehran and Washington were set to resume negotiations on Iran's nuclear programme