Search Site

Trends banner

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.

WB suspends financial operation in Mali after coup

    • Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government

    • Mali has already been suspended by the African Union and the Economic Community of West African States

    The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said Friday.

    The Washington-based bank  has “temporarily paused disbursements on its operations in Mali, as it closely monitors and assesses the situation,” the spokesman for the bank’s Bamako operation told AFP.

    Mali had already been suspended by the African Union and the Economic Community of West African States (ECOWAS).

    Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government, themselves installed after a coup in August which toppled Mali’s elected president, Ibrahim Boubacar Keita.

    The World Bank’s decision on Friday was in line with the body’s policy applicable in similar situations, the spokesman said.