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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.
  • Major airlines cancel dozens of flights to Tel Aviv

    Air France-KLM group's low-cost carrier Transavia announced it was cancelling all flights from Paris and Lyon to Tel Aviv up...

    At Ben Gurion airport American Airlines, Air France, Lufthansa, Emirates were among those pulling flights

    But airport authorities did not stop commercial air links with Eilat, Israel's second international airport

  • In a world first, EU gives nod to green bond standards

    Brussels, Belgium - European Parliament has adopted a new voluntary standard for the use of a “European Green Bond” label, the...

    The regulation, adopted by 418 votes in favour lays down uniform standards for issuers who wish to use the designation ‘European green bond’

    The standards will enable investors to direct their money more confidently towards more sustainable technologies and businesses

  • Qatar Chamber forms two committees to develop insurance sector

    Doha, Qatar - The Qatar Chamber (QC) has established two technical teams to further develop the country’s insurance sector. One...

    The committees were formed during a meeting of the chamber’s insurance committee on Saturday

    One of the committees specializes in legal and services, and another in the financial and IT fields

  • UAE and Kyrgyzstan to boost renewable energy, transportation ties

    Bishkek, Kyrgyzstan--The UAE and Kyrgyzstan have discussed mechanisms to enhance joint cooperation in various fields, especially renewable energy, transportation, and...

    Al Mazrouei headed a large delegation to the Central Asian country to explore opportunities to enhance cooperation between the two countries in all fields

    The talks with Kyrgyz president focused on mechanisms to enhance joint cooperation in various fields, especially renewable energy, transportation, and logistics services

  • Dubai Customs strengthens partnerships with courier firms to expand e-commerce

    DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...

    Dubai Customs unveiled its cutting-edge e-commerce project, strategically leveraging blockchain technology to streamline supply chain operations.

    It also addressed all queries from participating companies and shared insights into the department's systems in this context.

  • FAO raises its forecast for global cereal production in 2023

    ROME, ITALY - The Food and Agriculture Organization of the United Nations (FAO) raised its forecast for global cereal production...

    The higher forecast is almost entirely based on recent and more positive yield estimates for the Russian Federation and Ukraine.

    There will be increased wheat consumption while global rice utilization is forecast at 520.5 million tons.

  • Circular economy is a critical pathway to build sustainable future: Almheiri

    Dubai, UAE-- Terming the circular economy as a critical pathway that builds a sustainable future by preserving natural resources, reducing...

    Almheiri noted that the UAE is keen to promote the circular economy that contributes to sustainable growth through the cooperation of all key stakeholders

    The review meeting took note of the pioneering efforts and actions taken by partners across the UAE to support the country's transition toward a circular economy

  • Qatar becomes an important global event destination

    "Qatar Tourism takes pride in organizing and hosting successful exhibitions across diverse sectors. These events underscore Qatar's capacity to harness...

    Doha hosts the Geneva International Motor Show, its first time outside Switzerland, underscoring Qatar's status as a major hub for global events

    Qatar Tourism excels in hosting varied sector exhibitions, setting its sights on becoming the Middle East's top tourist hotspot by 2030

  • Dubai’s weeklong real estate transactions exceed US$2.5bn

    DUBAI, UAE -  A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...

    The Dubai Land Department report showed that 248 plots were sold for US$476 million.

    The DLS report said 1,197 apartments and villas were purchased for US$865 million.

  • Saudi Arabia’s Tabuk region produces over 28m roses annually

    TABUK, SAUDI ARABIA - The Tabuk region's agricultural sector is making steady progress towards achieving the goals of Saudi Arabia's...

    These flowers have a market value of over US$8.5 million making the region a leader in rose production and export.

    The Kingdom’s Ministry of Environment, Water and Agriculture has developed strategies to advance the sector.