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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.

Yemen gets $150-million World Bank aid for food, water, healthcare

    • Yemen is plagued by conflict that started with Houthi insurgence

    • Some 80 percent of Yemenis are dependent on aid

    To cope with a worsening humanitarian crisis in the country, Yemen would receive $150 million in aid from the World Bank to shore up the war-scarred country’s basic healthcare, nutrition, and water and sanitation services.

    The conflict flared in 2014 when Houthi insurgents seized the capital Sanaa, prompting a Saudi-led military intervention to prop up the government the following year. The World Bank said the death toll had reached 233,000 by the end of last year, “with half the deaths caused by a lack of food or access to health care, as well as by the lack of basic infrastructure to provide these services.”

    Some 80 percent of Yemenis are now dependent on aid, in what the UN calls the world’s worst humanitarian crisis. The war has also displaced millions of people and left the country on the brink of famine.

    “Out of a total population of about 29 million, about 20 million Yemenis are food insecure and at risk of malnutrition, with two-thirds unable to afford enough food and water and sanitation services. Over four million people have fled their homes,” the World Bank said in a statement after announcing the grants.

    The fund will go toward providing essential health and nutrition services to 3.65 million Yemenis, water and sanitation services for another 850,000, and training 3,000 health workers.