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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.

Amazon tycoon Jeff Bezos, his fiancee Lauren Sanchez arrive in Venice for lavish wedding

Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a star-studded guest list...
  • Bezos, the world's fourth-richest person, and his former television anchor bride-to-be were seen stepping off a water taxi at the Aman Hotel on the Grand Canal
  • Bezos, 61, and Sanchez, 55, are said to have booked out the city's finest hotels for a guest list rumoured to include Leonardo DiCaprio, Mick Jagger, and Kim Kardashian

Oil slides, stocks rise as Iran-Israel ceasefire holds

The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
  • Prices were also brought down by Trump saying that China could continue to buy oil from Iran, in what appeared to be relief from sanctions Washington had previously imposed.
  • There was also relief that Iran has refrained from closing the strategic Strait of Hormuz, a chokepoint for about one-fifth of the world's oil supply.

Oil prices seesaw as investors await Iran response to US strikes

US stocks edged higher while European markets retreated and Asian equities were mixed, with markets keeping a close eye on...
  • They later dipped briefly into the red and then wobbled, standing down around one percent as European markets closed.
  • Iran is the world's ninth-biggest oil-producing country, exporting just under half of the 3.3 million barrels it produces per day.

Japan’s high-tech sunscreens tap into skincare craze

Tokyo, Japan -- When YouTuber Hannah Price set out to compare Japanese and Australian sunscreen, she wasn't expecting her deep...
  • Companies that have perfected their secret formulas want to capitalize on booming demand, including selling to Japan's record influx of foreign tourists.
  • The global skincare market was worth more than $115 billion in 2024 and is expected to grow to $194 billion by 2032, according to Fortune Business Insights.

Tesla expected to launch long-discussed robotaxi service, will use Model Y

New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that...
  • The launch will employ the Model Y sport utility vehicle rather than Tesla's much-touted Cybercab, which is still under development.
  • The long-awaited launch follows the dramatic meltdown earlier this month in relations between Musk and Trump, which saw a cascade of bitter attacks from both men.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.
  • Nearly 42 percent of buyers are under the age of 45, signaling growing demand for luxury wellness-focused living among younger demographics.
  • Notably, 67 percent of buyers are first-time Aldar customers, demonstrating Aldar’s expansive reach and the appeal of the Group’s thoughtfully curated destinations.

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
  • Saudi-based Cluster2 Airports Company signed a strategic MoU with Airbus. The agreement will see the deployment of the Agnet Turnaround platform across Cluster2’s 22 airports.
  • Saudi National Bank (SNB) has issued $1.25 billion in Tier 2 bonds at a 6% profit rate under its $10 billion Euro Medium Term Note program.

How travel brands can target high-intent travelers in the MEA region

As tourism booms across the Middle East and Africa, travel brands face fierce competition. Success now means using data-driven, personalized...
  • In a region defined by rapid digital adoption and evolving traveler expectations, the brands that thrive will be those that treat marketing as a journey, not a destination.
  • Targeting high-intent travelers is no longer about one-off bookings or flash sales—it’s about long-term relationships, built through continuous, relevant engagement.

Cross-border payments and financial inclusion drive stablecoin popularity

London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the...
  • Stablecoins play a key role in crypto markets, enabling users to trade digital assets without relying on traditional banks, instead using blockchain.
  • Unlike volatile cryptocurrencies like bitcoin, stablecoins track the value of traditional assets -- such as the US dollar or gold -- enabling greater stability.

Oil prices drop, stocks climb as Iran-Israel war fears ease

Israel's surprise strike against Iranian military and nuclear sites on Friday -- killing top commanders and scientists -- sent crude prices...
  • However, concerns over the conflict spreading appeared to have receded, with both main oil contracts retreating 3.7 percent.
  • Analysts said the recent decision by the OPEC+ group of crude producing nations, led by Saudi Arabia and Russia, to raise output again in July also played a role.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Latest News

Syria signs $800 mn port deal with DP World to develop Tartus port

Damascus, Syria -- Syria signed a $800 million deal with UAE-based company DP World on Sunday to develop the port...

The $10 mn bag: Original Birkin smashes records at Paris auction

Paris, France -- The first-ever Birkin bag designed by French luxury brand Hermes for celebrity Jane Birkin sold for 8.58...

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Most Read

Cricket’s Indian Premier League value surges to $18.5 bn: report

New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...
  • The world's richest cricket tournament generated an estimated $11 billion a year for the Indian economy in 2020.
  • Since it launched in 2008 it has inspired a range of other franchise-based leagues in India in sports as diverse as boxing, badminton, poker and kabaddi.

Investments rise in data, AI, outpacing physical assets: UN

Geneva, Switzerland - The purchase of physical assets was eclipsed last year by a surge in investment in intangible items...
  • Intangible investment across 27 high- and middle-income economies grew about three percent in real terms last year, reaching $7.6 trillion, up from $7.4 trillion a year earlier.
  • In 2024, the United States led in absolute levels of intangible asset purchases, investing nearly double what runners-up France, Germany, Japan and Britain pumped into such assets.

Nvidia tops $4 trillion as US stocks shrug off latest tariffs

After Congress gave Trump a big win last week with his fiscal package, the Republican's aggressive trade posture has returned...
  • But stocks pushed higher nonetheless, with Nvidia jumping 2.5 percent to top $4 trillion in market capitalization on investor bullishness over Artificial Intelligence (AI) growth.
  • Briefing.com analyst Patrick O'Hare said investors are not "overly concerned" about Trump's latest tariff threats.