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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.

Covid-19 variant: Saudi suspends UAE flights

    • The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad

    • The UAE  is a key leisure destination for Saudis.

    Saudi Arabia has suspended flights to the UAE, Ethiopia and Vietnam, including the neighbouring United Arab Emirates, to protect against “a mutated strain of the virus,” the Saudi Press Agency (SPA) has said.

    Earlier, the oil-rich kingdom had permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more than a year.

    The UAE announced last week it had recorded cases of the Delta variant and it has suspended flights to and from India.

    The UAE  is a key leisure destination for Saudis.

    Flights to and from the UAE, alongside those to Ethiopia and Vietnam, were suspended from Sunday, an interior ministry official said, quoted by the SPA.

    Saudi citizens and residents returning from these countries will be required to quarantine for 14 days, it added.

    Citizens would be banned “from travelling directly or indirectly, without obtaining prior permission from… authorities”.

    The decision was taken due to “the spread of a new mutated strain of the (Covid-19) virus”, it added, without explicitly mentioning the increasingly globally emergent Delta variant.