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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.
  • Air Arabia Egypt marks its first flight to Istanbul

    CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...

    Upon arrival at Istanbul, the flight was greeted with a water cannon salute and a welcome ceremony.

    The newly added route will connect both cities with a frequency of three weekly flights.

  • Top Europe rights court to issue landmark climate verdicts

    STRASBOURG, FRANCE – Europe's top rights court will on Tuesday issue unprecedented verdicts in three separate cases on the responsibility of...

    In a sign of the importance of the issue, the cases have all been treated as priority by the Grand Chamber of the ECHR.

    All three cases accuse European governments of inaction or insufficient action in their measures against global warming.

  • ‘Terrible’ Israel-Hamas conflict ‘must end’: UK’s Sunak

    The British government on Friday called for "utmost transparency" and a "wholly independent review" into the killing of seven aid...

    Sunak said the children of Gaza needed a "humanitarian pause immediately, leading to a long-term sustainable ceasefire"

    The British government, meanwhile, said a Royal Navy ship would be deployed to help get more aid into Gaza

  • Israelis rally against Netanyahu as Gaza war reaches half-year mark

    Organizers said about 100,000 people converged at a Tel Aviv crossroads renamed "Democracy Square" since mass protests against controversial judicial...

    Rallies were also held in other cities, with Israel's opposition leader Yair Lapid taking part in one in Kfar Saba ahead of his departure for talks in Washington

    Israeli media said clashes had broken out between protesters and police at the Tel Aviv rally and police said one protester had been arrested

  • Israeli strikes target eastern Lebanon: source close to Hizbollah

    Israel and Hizbollah have exchanged near-daily cross-border fire since the Palestinian group Hamas carried out an unprecedented attack on southern...

    Israeli strikes targeted two areas in the Bekaa Valley, Janta and Sifri, the source told AFP in the Baalbek region in Lebanon's east

    Janta is an arid, mountainous region close to the border with Syria, while Sifri is in the centre of the Bekaa Valley

  • Seven children killed in Syria’s as explosive device goes off

    Damascus, Syria - Seven children were killed in southern Syria's Daraa province on Saturday when an "explosive device" detonated, state media...

    The Britain-based monitor said militias were accused of planting the device in order to target an unidentified person in the area.

    Syria's war, which escalated into a deadly conflict that pulled in gunmen and foreign armies, has killed more than 507,000 people.

  • UN agency chief laments Gaza war as ‘betrayal of humanity’

    United Nations - Israel's war against Hamas in Gaza has escalated into a "betrayal of humanity", the United Nations' humanitarian...

    UN humanitarian chief Martin Griffiths called for a "collective determination that there be a reckoning for this betrayal of humanity".

    "Each day, this war claims more civilian victims," said Griffiths, who will leave his post at the end of June due to health reasons.

  • Hamas to stick on truce conditions amid renewed Cairo talks

    "The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their...

    "Hamas confirms its adherence to the position it presented on March 14 ... and we will not back down from this position," it said in a statement.

    Negotiators were expected in Cairo over the weekend for a renewed push to strike a ceasefire and hostage exchange deal.

  • Iran vows to make enemy ‘regret’ killing of revolutionary guards

    Tehran, Iran - Iran on Saturday again threatened retaliation for the deaths of seven Revolutionary Guards in a strike on Damascus,...

    Tehran has vowed to avenge Monday's air strike on the Syrian capital it blamed on its arch-enemy Israel, which has not commented.

    The attack levelled the Iranian embassy's consular annex in Damascus, killing seven Islamic Revolutionary Guards Corps (IRGC) members.

  • Israeli information on aid worker death ‘not sufficient,’ says Australia

    US-based World Central Kitchen -- founded by Spanish-American celebrity chef Jose Andres -- said a "targeted attack" by Israeli forces...

    The aid group which were killed Gaza included 43-year-old Australian national Lalzawmi "Zomi" Frankcom, as well as British, Palestinian, Polish and US-Canadian employees

    "Australia had made clear that we have not yet received sufficient information to satisfy our expectations" about Frankcom's death, the Foreign Minister Penny Wong said