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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.
  • Putin vows retribution on Moscow concert hall attacks, as toll rises

    Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed...

    It is the deadliest attack on Russia in almost two decades and the deadliest in Europe to have been claimed by the Islamic State.

    Russian officials expect the death toll to rise further, with more than 100 injured in hospital.

  • OPEC Fund provides US$50m loan to support agriculture in quake-hit Türkiye

    VIENNA, AUSTRIA – The OPEC Fund for International Development (OPEC Fund) is extending a US$50 million loan to Türkiye to...

    The Development and Investment Bank of Türkiye (TKYB) will on-lend the funds to small and medium-sized enterprises.

    This will help efforts to overcome the calamity’s impact and to promote a more resilient and sustainable agriculture sector.

  • US military says struck 3 Houthi underground storage sites in Yemen

    The Houthis began attacking ships in the Gulf of Aden and the Red Sea in November, a campaign they say...

    US forces "conducted self-defense strikes against three Houthi underground storage facilities in Iranian-backed Houthi controlled areas of Yemen," CENTCOM said

    US forces had also "successfully engaged and destroyed four unmanned aerial vehicles" in Houthi-controlled areas of Yemen throughout Friday

  • UN Security Council vote on new Gaza ceasefire text postponed to Monday

    Eight of the council's 10 non-permanent members have been working on the draft, which also calls for the "immediate and...

    The new, tougher draft resolution, seen by AFP, "demands an immediate ceasefire" for the ongoing Muslim holy month of Ramadan that leads "to a permanent sustainable ceasefire"

    Eight of the council's 10 non-permanent members have been working on the draft, which also calls for the "immediate and unconditional" release of hostages seized by Hamas

  • UN chief to visit Gaza border as Israel vows to go ahead with Rafah attack

    On Saturday, UN chief Guterres plans to meet with aid workers on the Egyptian side of Rafah, just across the...

    During his visit, Guterres plans to reiterate his call for ceasefire, though international pressure has so far failed to dissuade Israel from the planned ground offensive in Rafah

    Despite warnings that such an invasion would cause mass civilian casualties and worsen the humanitarian crisis, Netanyahu said he must press ahead with the attack

  • UN official urges $4bn humanitarian aid for cash-strapped Syria

    Beirut, Lebanon - A UN official on Friday appealed for about $4 billion in humanitarian assistance for Syria, warning funding was...

    "In 2024, we are appealing for $4.07 billion to provide lifesaving aid to 10.8 million Syrians, out of 16.7 million people assessed to be in need of assistance," he said

    Abdelmoula also noted "Syria's vulnerability to climate shocks", exacerbated by conflict, warning of water scarcity and "heatwaves impacting agriculture and livestock"

  • Iraqi PM to visit Washington for troop talks

    Washington, US – President Joe Biden will welcome Iraq's prime minister on April 15 for talks on the US troop presence,...

    The visit will mark the first trip to Washington by Prime Minister Mohamed Shia al-Sudani, who took office in October 2022.

    Sudani in the past has called for an exit of US forces, redeployed nearly 10 years ago as part of a campaign to defeat the Islamic State

  • EU to tell big tech firms to curb election risks or face fines

    BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle...

    The European Commission, the EU's executive arm, is expected to adopt new guidelines.

    They will come under the EU's mammoth content moderation law, the Digital Services Act.

  • US, Israel hold talks as Gaza truce plan fails at UN

    Israel plans to send troops into Gaza's Rafah even without US support, Prime Minister Benjamin Netanyahu told Antony Blinken, as...

    US has repeatedly blocked ceasefire resolutions at the UN Security Council but tried to pass a text mentioning an "immediate ceasefire as part of a hostage deal".

    World leaders including staunch allies of Israel backed the renewed diplomatic push.

  • Libya to continue Tunisia border closure till end of smuggling

    Tripoli, Libya - Libya's shutdown of its main border crossing with Tunisia this week will remain in force until authorities put...

    Authorities aim to "ensure the security of the borders and combat crime and smuggling," Interior Minister Imad Trabelsi said.

    The crossing was shut down on Tuesday after clashes between armed groups and security forces on the Libyan side the night before.