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.

Germany says EU will adopt new sanctions against Iran

German Foreign Minister Annalena Baerbock sits with British Secretary for Foreign Affairs James Cleverly during a meeting of the G7 Foreign Ministers Meeting in Germany. (AFP)
  • The bloc had already imposed sanctions in mid-October against Iran’s “morality police” and 11 officials including the telecommunications minister
  • Iran has been rocked by demonstrations over the death of Mahsa Amini, a 22-year-old Iranian of Kurdish origin, following her arrest in Tehran for allegedly flouting the dress rules

Berlin, Germany— The European Union will seek to adopt new sanctions against Iran next week over the Islamic republic’s deadly crackdown on protests, Germany’s foreign minister said Wednesday.

“We are working flat out on the next package of sanctions,” Annalena Baerbock said on Twitter. “We want to adopt it next week.”

“We won’t let up,” she added. “We stand with the men and women of Iran, not only today, but as long as it is necessary.”
EU foreign ministers are due to meet in Brussels on Monday.

The bloc had already imposed sanctions in mid-October against Iran’s “morality police” and 11 officials including the telecommunications minister.

Iran has been rocked by demonstrations over the death of Mahsa Amini, a 22-year-old Iranian of Kurdish origin, following her arrest in Tehran for allegedly flouting the country’s strict hijab dress rules for women.

The crackdown on nationwide protests since her death has killed at least 304 people, including 41 children and 24 women, says the Oslo-based group Iran Human Rights (IHR).