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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.
  • Top oil producers to discuss high crude prices

    Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with...

    The 13 members of OPEC along with their 10 allies convened by video conference to set output

    Russian invasion of Ukraine will halt export of natural gas to Europe and prices would be much higher

  • Arab countries offer Iraq to set up industrial cities

    Iraq signed the first agreement to build an economic city with Jordan.

    Iraqi ministry revealed that it has received several offers from Syria, Jordan, Saudi Arabia, Iran and Kuwait to build industrial cities in the country

    The first contract was signed in the holy Karbala for the construction of an industrial city specialized in petrochemicals and engineering

  • In food world, debate rages about recipe plagiarism

    There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the...

    There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the work of another chef

    When chefs do look to the US courts for relief, the chances of getting recognition of their copyright or a monetary settlement are seen as remote

  • Abu Dhabi Maritime to control ferry services functioning in Emirates

    The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.

    The move will see Abu Dhabi Maritime manage and oversee the daily operation of the emirate’s two major ferry lines

    The organization will also drive the development of several key business areas associated with ferry operations

  • UAE deputy PM attends ‘Arab Gulf Security 3’ exercise in KSA

    Deputy Prime Minister and Minister of the Interior of the UAE Lt. General Sheikh Saif bin Zayed Al Nahyan attended...

    Participants in the exercise implemented security scenarios in detail, which has proven the success of this joint GCC mobilization

    Increasing the level of coordination, readiness, and preparedness among security forces were also discussed in the exercise

  • Dubai Academic Health Corporation embarks on four-pronged future plan

    The Dubai Academic Health Corporation has agreed on four bases as a part of its strategic plans and future goals....

    The four bases of the strategy are Care, Learning, Discovery, and Giving and Stewardship.

    The strategy was discussed at the fourth Board of Directors meeting of the Dubai Academic Health Corporation.

  • UAE and Australia discuss ways to strengthen bilateral relations

    The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International...

    Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai.

    The two sides reviewed Australia's participation in Expo 2020 Dubai and the role played by this international event.

  • Eight biggest GCC sovereign wealth funds

    Sovereign wealth funds across the world invest trillions of dollars into real estate, bonds and other assets. TRENDS takes a...

    More than $1.3 trillion of funds are managed by some of the biggest sovereign wealth funds in the GCC.

    These funds invest in global real estate, financial assets, bonds and private equities.

  • Jazeera airways to buy 28 Airbus aircraft for $3.4bn

    Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.

    The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations

    The airline said that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation

  • Spend a night under stars in these trendy Dubai destinations

    Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique...

    Glamping or glamorous camping at the Damani Lodges or Sedr Trailers are exquisite options for a mountain escape, with barbecues and starry skies.

    Expo 2020 Lake is a must-visit destination for those looking for a camping adventure in the middle of the desert.