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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.

Israeli president to visit Turkey in February: Erdogan

Israeli President Herzog said he plans to meet King Hamad bin Isa Al-Khalifa and Sheikh Salman bin Hamad Al-Khalifa, the crown prince and prime minister.
  • In recent months, however, the two countries have been working on a rapprochement, with Erdogan holding telephone talks with Herzog
  • Relations between Turkey and Israel froze over after the death of 10 civilians in an Israeli raid on a Turkish flotilla in 2010

Israeli President Isaac Herzog will pay an official visit to Turkey in February, Turkish leader Recep Tayyip Erdogan announced on Wednesday, hailing it as a chance to mend frayed relations with the Jewish state.

“This visit could open a new chapter in relations between Turkey and Israel,” Erdogan said in an interview with Turkey’s NTV channel, adding that he was “ready to take steps in Israel’s direction in all areas, including natural gas”

Relations between majority-Muslim Turkey and Israel froze over after the death of 10 civilians in an Israeli raid on a Turkish flotilla carrying aid for the Gaza Strip in 2010.

In recent months, however, the two countries have been working on a rapprochement, with Erdogan, a vocal supporter of the Palestinian cause, holding telephone talks with Herzog and other Israeli leaders.

The Turkish strongman had already said last week he was prepared to work with Israel on reviving an old project to ship Mediterranean gas to European clients via Turkey.

His remarks came after the United States reportedly dropped support for a rival pipeline project involving Israel and Turkey’s historic rival Greece.

Turkey had strongly opposed the project, which was supported by the former administration of US president Donald Trump.