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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.

Air India probe of Boeing 787 fuel control switches finds no issues

Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787...
  • A preliminary probe by Indian investigators found that they had flipped from the run position to cutoff shortly after takeoff
  • India's aviation regulator ordered the country's airlines this week to investigate the locking feature on the switches of several Boeing models.

Erdogan accuses Israel of using Druze as pretext to expand into Syria 

Turkish President Recep Tayyip Erdogan on Thursday accused Israel of using the Druze minority in Syria as a pretext for...
  • "I want to state this once again, clearly and directly: Israel is a lawless, unruly, unprincipled, spoiled, pampered, and greedy terrorist state," Erdogan said
  • "At this stage, the biggest problem in our region is Israel's aggression... If the monster is not stopped immediately, it will not hesitate to throw first our region," he added

Global markets rise as Trump weighs future of Fed boss

US indices were near record highs two hours into the Wall Street session with all eyes on an incoming earnings...
  • The rises came on the back of a better-than-expected US retail sales report and a round of mostly solid corporate earnings.
  • Market observers have been carefully watching reports that US President Donald Trump, fresh from unveiling new tariff threats, could sack Powell.

Baghdad and Arbil agree to resume Kurdish oil exports: government

Baghdad, Iraq -- The Iraqi government announced Thursday an agreement to resume crude exports from the autonomous Kurdistan region after...
  • Lucrative oil exports have been a major point of tension between Baghdad and Arbil, with a key pipeline through Turkey shut since 2023 over legal disputes and technical issues.
  • Oil exports were previously independently sold by the Kurdistan region, without the approval or oversight of the central administration in Baghdad, through the port of Ceyhan.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.
  • The firm said its net profit for the three months to June soared 60.7 percent from a year ago to NT$398.3 billion (US$13.5 billion).
  • That beat expectations of NT$376.97 billion, according to a Bloomberg News survey of analysts.

Israeli tank shell strikes Gaza’s only Catholic church, killing three

Pope Leo XIV said he was "deeply saddened" by the loss of life, which a witness said was the result...
  • The site was sheltering around 600 displaced people, the majority of them children and 54 with special needs.
  • "The people in the Holy Family Compound are people who found in the Church a sanctuary," the Patriarchate said.

Coca-Cola agrees to use real cane sugar in its US production

Washington, United States - Beverage giant Coca-Cola has agreed to use real cane sugar in its US production, President Donald...
  • The company currently uses high-fructose corn syrup (HFCS) in its domestic beverages - a sweetener that has long drawn criticism from Health Secretary Robert F. Kennedy Jr.
  • "I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so," Trump wrote on his Truth Social platform

Explosive-laden drones hit three oil fields in Iraq’s Kurdistan region

Kurdistan has seen a spate of unclaimed drone attacks, which have come as the regional government and the federal authorities...
  • Production at two fields operated by the Norwegian group DNO ASA was temporarily suspended, the company said
  • Long plagued by conflict, Iraq frequently experiences such attacks, often linked to regional proxy struggles between Iran and the US

AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail

Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...
  • The tragedy underscores how so-called sextortion scams targeting children are growing around the world, particularly with the rapid proliferation of "nudify" apps
  • Elijah Heacock, 16, was just one of thousands of American minors targeted by such digital blackmail, which has spurred calls for more action from tech platforms

Syria says agreement reached to halt military operations in Sweida

Syria said a new ceasefire reached on Wednesday in the Druze-majority city of Sweida will bring a complete halt to...
  • A previous truce announced on Tuesday appeared to have little effect on the ground in the southern region, where days of violence have left more than 300 dead
  • heikh Youssef Jarboua, a Druze spiritual leader, read out the 10 points of the accord, which also includes "the full integration of the province" of Sweida into the Syrian state

UN agencies warn Gaza slipping into famine as Israel resists ceasefire calls

The Integrated Food Security Phase Classification Initiative, a coalition of monitors tasked by the UN to warn of impending crises,...

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Gaza civil defence says Israeli forces kill 28 people

Gaza's civil defence agency said Israeli military operations killed at least 23 people on Friday across the Palestinian territory, with...

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

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...

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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...
  • "I cannot explain the level of indifference and inaction we see by too many in the international community -- the lack of compassion," he said.
  • "This is not just a humanitarian crisis. It is a moral crisis that challenges the global conscience. We will continue to speak out at every opportunity."

China’s premier tells EU leaders ‘we can’t afford’ massive industrial subsidies

Chinese Premier Li Qiang dismissed EU fears over Beijing's allegedly excessive subsidies to its industry, telling the bloc's leaders "we...
  • Speaking during a roundtable with EU chief Ursula von der Leyen on Thursday, Li insisted that "China is by no means doing what some call a subsidies policy or fiscal subsidies."
  • "We would not be stupid enough to use the fiscal funds accumulated through the government and the hard work of our people to sell our products to foreign consumers," Li added

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