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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.
  • DEWA picks bidder for 1,800MW phase of Al Maktoum Solar Park

    Dubai, UAE -- In a step towards its clean energy ambitions, the Dubai Electricity and Water Authority (DEWA), has announced...

    Designed to be the world's largest single-site solar park, it is projected to boast a remarkable capacity of 5,000MW by 2030, with an investment infusion totaling AED 50 billion.

    The upcoming 1,800MW 6th phase is anticipated to catapult the cumulative production capacity to 4,660MW as additional 433 MW capacity is currently under construction.

  • QCB to grant licenses to website providers for comparing prices of insurance policies

    Doha, Qatar--Qatar Central Bank (QCB) has exhorted companies willing to work in providing website services to compare prices of insurance...

    With this announcement, the central bank seeks to regularize and upgrade the financial sector in the country

    The bank said in a statement that the instructions are intended to streamline operations of service providers

  • Residents fume as Hawaii fire death toll climbs to 89

    Lahaina, a town of more than 12,000 and former home of the Hawaiian royal family, has been reduced to ruins,...

    More than 2,200 structures were damaged or destroyed as the fire tore through Lahaina

    The new toll makes the blaze the deadliest in US since 1918, when 453 people died in Minnesota and Wisconsin

  • Battered by war, Sudanese start small businesses to survive

    Until April 15, when the conflict erupted between the army headed by General Abdel Fattah al-Burhan and Mohamed Hamdan Daglo's...

    Eshraqa Mousa, another woman who fled Khartoum, has opened a small stall to sell tea. Without it, she said, she could "only provide one meal a day" for her children

    "We were forced to find alternatives," said Mohammed Ali, a former civil servant in the capital, he "teamed up with some colleagues to open a small mobile food stall"

  • Cristiano Ronaldo’s goal propels Al-Nassr to win King Salman Club Cup

    Taif, Saudi Arabia-- Cristiano Ronaldo led his team to victory as Al-Nassr FC won the 2023 King Salman Club Cup...

    Inspired by Ronaldo, Al Nassr beat its rival Al-Hilal after extra time despite playing for more than an hour with just 10 men

    The final match which went into extra time after the game was tied at 1-1 was held at the King Fahd Sports City Stadium in Taif

  • GCC deals with rice shortage amid Russia-Ukraine war

    The Russian-Ukrainian war heightens global food crisis fears as India, followed by the UAE and Russia, sequentially impose rice export...

    The Russian-Ukrainian war heightens global food crisis fears as India, followed by the UAE and Russia, sequentially impose rice export bans, disrupting global supply chains

    Saudi Arabia experiences an increase in rice consumption, overtaking wheat, while experts emphasize the potential for local rice cultivation in the country.

  • Saudi home to three of top five Arab smart cities

    Saudi Arabia, which has pioneered the development of smart cities in the region, plans to establish more than 200 smart...

    The Middle East and North Africa's smart city spending is expected to reach $2.7 billion by 2022, driven primarily by the region's progressive, innovative city projects.

    NEOM, Egypt's New Administrative Capital, Abu Dhabi's Masdar City, and Dubai Digital Park are examples of this trend.

  • Lebanon detains 134 Europe-bound migrants near Syrian border

    BEIRUT, LEBANON -The Lebanese army arrested 134 migrants near the northern border with Syria on Saturday after foiling their attempt to...

    130 Syrians and remaining four Lebanese nationals were taken into custody in the coastal town of Sheikh Zennad, in Akkar province.

    Migrants departing from Lebanon head for Europe, with one of the of the main destinations being Cyprus, only 110 miles away.

  • Cage fight with Zuckerberg will be in Italy, says Musk

    WASHINGTON, US - Elon Musk said that his much-hyped cage fight with Mark Zuckerberg would take place in Italy, as authorities...

    Musk said on his X social media platform - formerly known as Twitter - that arrangements were advancing.

    Meta chief Zuckerberg responded on his Threads social network, posting a photo of himself shirtless and pinning down an opponent.

  • US to invest $1.2 bn on facilities to pull carbon from air

    The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...

    Direct Air Capture (DAC) techniques focus on that CO2 emitted into the air, which is helping to fuel climate change and extreme weather.

    Each of the projects will remove 250 times more CO2 from the air than the largest carbon capture site currently in operation, the Energy Department said.