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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.

WFP needs $1.9 billion in 2021 to prevent famine in Yemen

Pro-government fighters give food to Yemeni children on the road leading to the southwestern port city of Mokha on January 26, 2017.
    • Qatar recently set aside $100 million for humanitarian aid efforts in Yemen

    • Not including Qatar, donors have stepped up with just over $1 billion so far this year

    The World Food Program said on Thursday, July 22, that it needs at least $1.9 billion this year alone to prevent famine in Yemen.

    This was part of a statement by WFP Executive Director David Beasley, who was thanking Qatar for its recent donation of $100 million to shore up aid efforts in the war-torn country.

    Beasley said in the statement: “WFP supports 12.9 million in Yemen with emergency food assistance and provides special foods to treat and prevent malnutrition to 3.3 million children and mothers.”

    He added: “To prevent famine in Yemen, WFP needs at least $1.9 billion in 2021. Not including Qatar, donors have stepped up with just over $1 billion so far this year.”

    He also said: “Right now, two thirds of Yemen’s population – some 20 million people – needs humanitarian assistance with 5 million at immediate risk of famine. Acute malnutrition is eating away the futures of 2.3 million children and 400,000 are at risk of dying if left without treatment.”

    He urged world powers to not wait for declaration of famine in Yemen to start donating, but instead to chip in as soon as possible to save lives.

    He explained: “People do not start dying when a declaration of famine is made. It is their deaths that trigger a declaration.”