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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.

UAE says foils bid to transfer weapons to Sudan army

"The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...
  • The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.
  • It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.

Syria FM says wants to ‘strengthen relations’ with China

Syrian Foreign Minister Asaad al-Shaibani expressed on Monday his government's willingness to build a "strategic partnership" with China, a key...
  • A foreign ministry statement said that Shaibani met with the Chinese ambassador to the United Nations, Fu Cong, at UN headquarters in New York
  • In the meeting with Beijing's envoy, Shaibani said the two countries "will work together to build a long-term strategic partnership in the near future

Abu Dhabi launches $500mn maternal health fund for Africa

Nairobi, Kenya -- A $500-million fund aimed at improving maternal and neonatal health in sub-Saharan Africa was launched Tuesday in...
  • The Beginnings Fund brings together philanthropists including the Gates Foundation and the Mohamed bin Zayed Foundation for Humanity, run by the UAE president.
  • It set a deadline of 2030 to reach the $500-million target and has already reached $450 million in pledges, organizers said in a statement.

UN rights chief demands world act to stop Israel’s Gaza ‘catastrophe’

"As the complete blockade of assistance essential for survival enters its ninth week, there must be concerted international efforts to...
  • It halted aid deliveries to Gaza on March 2, days before the collapse of a ceasefire that had significantly reduced hostilities after 15 months of war.
  • Supplies are dwindling and the UN's World Food Programme last Friday said it had sent out its "last remaining food stocks".

UN ‘alarmed’ by US strikes in Yemen that Huthis say killed 68 migrants

The United Nations expressed deep alarm on Monday at reports that US strikes on Yemen killed scores of people at...
  • The US military has hammered the Iran-backed Huthis with near-daily strikes since March 15 in an operation dubbed "Rough Rider."
  • Huthi-controlled media said the latest strikes on the movement's stronghold of Saada killed at least 68 people, all Africans

Amnesty accuses Israel of ‘live-streamed genocide’ against Gaza Palestinians

Paris, France - Amnesty International on Tuesday accused Israel of committing a "live-streamed genocide" against Palestinians in Gaza by forcibly...
  • In its annual report, Amnesty charged that Israel had acted with "specific intent to destroy Palestinians in Gaza, thus committing genocide."
  • Israel has rejected accusations of "genocide" from Amnesty, other rights groups and some states in its war in Gaza

Putin orders three-day ceasefire; Zelensky slams it as manipulative ahead of Victory Day

Before Putin's announcement, US Secretary of State Marco Rubio held new talks with Russian counterpart Sergei Lavrov, having declared that...
  • Before Putin’s announcement, US Secretary of State Rubio told Lavrov this week is critical for peace efforts
  • The Kremlin said Putin had ordered a "ceasefire" for the 80th anniversary of Victory Day from May 8 to May 10

Brazil calls for Israeli withdrawal from Gaza at BRICS ministers’ meet

The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth...
  • "The resumption of Israeli bombardments and the continued obstruction of humanitarian aid are unacceptable," Brazilian Foreign Minister Mauro Vieira said.
  • The BRICS grouping has expanded significantly since its 2009 inception, and now includes Iran, Egypt, Indonesia, Ethiopia and the United Arab Emirates.

China says on ‘right side of history’ in trade standoff with US

Since returning to the presidency in January, US President Donald Trump has imposed 10 percent tariffs on most US trading...
  • The US, China said, "play cards out of thin air, bully and go back on their word", condemning Washington's "unilateralism and bullying."
  • Beijing, however, has vowed to fight a trade war "to the end" and denied US claims it is in talks with Washington

Trump thinks Zelensky ready to give up Crimea to Russia

US President Donald Trump said he believed Ukrainian President Volodymyr Zelensky was ready to concede Crimea to Russia as part...
  • Trump also stepped up pressure on Vladimir Putin, saying the Russian president should "stop shooting" and sign an agreement to end the grinding war
  • Trump's comments came a day after he met Zelensky during the funeral of Pope Francis, breaking the ice after a major row between the US and Ukrainian leaders at the White House

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...

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Putin says Russia, Ukraine peace proposals “absolute contradictory”

Russian President Vladimir Putin said Friday that Russia and Ukraine's demands for peace were "absolutely contradictory", after two rounds of...

Doctors’ aid group slams US-backed Gaza relief scheme over deadly roll-out

The Gaza Humanitarian Foundation, which began operating last month and has largely replaced established humanitarian organisations, "is degrading Palestinians by...

Israel FM says world has ‘obligation’ to stop Iran getting nuclear bomb

Israel's foreign minister said Friday the world was obliged to stop Iran developing an atomic bomb, days after Israel claimed...

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Conflicts and related fatalities triple since 2000, fueling extreme poverty: WB

Washington, United States -- Conflicts and related fatalities have more than tripled since the early 2000s, fueling extreme poverty, the...
  • This year, 421m people get by on less than $3 a day in places hit by conflict or instability -- a situation of extreme poverty -- and the number is poised to hit 435m by 2030.
  • Global attention has been focused on conflicts in Ukraine and the Middle East for the past three years, said World Bank Group chief economist Indermit Gill.

US Supreme Court curbs power of individual judges to block Trump

In a 6-3 ruling stemming from Trump's bid to end birthright citizenship, the court said nationwide injunctions issued by district...
  • But the broader decision on the scope of judicial rulings will remove a big roadblock to Trump's often highly controversial orders and reaffirm the White House's power.
  • rump's birthright citizenship order has been deemed unconstitutional by courts in Maryland, Massachusetts and Washington state, leading him to make an emergency appeal to the SC.

UAE top court upholds life terms for 24 convicted in mass trial

Dubai, United Arab Emirates -- The UAE supreme court has jailed 24 people for life after upholding their convictions for...
  • The 24 were originally convicted in a mass trial of 84 people in July last year, most of whom had been behind bars since a similar mass trial of 94 people in 2013.
  • "Following yesterday's ruling... the total number of convicted individuals in this case has risen to 83 out of 84 referred to trial," WAM said.