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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.
  • Israel strikes ammunition depot of Hizbollah in Syria

    Beirut, Lebanon - Israeli raids hit warehouses storing weapons for the Lebanese Hizbollah group in Syria Tuesday, a war monitor said,...

    The Syrian Observatory for Human Rights said the latest strikes near the capital Damascus Tuesday had destroyed weapons and ammunition

    The Britain-based Observatory said it was the second such strike in two days, coming after raids on Sunday hit another Hizbollah weapons depot

  • S.Africa says Israel war undermining top UN court

    South Africa's top diplomat accused Israel of setting a precedent for leaders to defy the top UN court, as she...

    South Africa has again petitioned the court in The Hague to order measures for Israel to stop "widespread starvation".

    Israel hit out as the South African plea as "outrageous" and "morally repugnant," pointing to its initiatives, including humanitarian pauses in fighting.

  • UN says Israel may be using starvation as weapon of war

    "The situation of hunger, starvation and famine is a result of Israel’s extensive restrictions on the entry and distribution of...

    The comments came after a UN-backed assessment determined that the war-torn Palestinian territory is facing imminent famine.

    Meanwhile, Israel's spy chief left Doha but talks over a Gaza ceasefire and hostage release are continuing in Qatar's capital.

  • UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

    ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in...

    This robust financial footprint positions the UAE as a significant economic force with strong potential for continued expansion.

    The focus on emerging markets and the creation of strategic partnerships further amplifies this momentum.

  • Blinken to visit Saudi Arabia, Egypt to discuss Gaza ceasefire: spokesman

    Blinken will hold talks with Saudi leaders in Jeddah on Wednesday before travelling to Cairo on Thursday for talks with...

    During his visit, Blinken will discuss "a political path for the Palestinians with security assurances with Israel, and an architecture for lasting peace and security in the region

    Blinken will also raise the imperative issue of ending attacks by Houthi rebels on commercial ships, to restore stability and security in the Red Sea, spokesman Matthew Miller said

  • Biden summons Israeli team in bid to avoid Rafah assault

    The move is one of the clearest attempts yet by Biden to rein in the key US ally, amid fears...

    US president also "reiterated the need for an immediate ceasefire as part of a deal to free hostages, lasting several weeks, so we can get hostages home"

    Biden has supported Israel since the October 7 attacks, sending billions of dollars in military aid, but has become frustrated by Netanyahu's failure to curb civilian deaths

  • US destroys Houthi missiles, drones in new Yemen strike

    United States Central Command forces operated "in self-defense" when they engaged and destroyed the anti-ship missiles and unmanned aerial vehicles,...

    Iran-backed Houthis have been attacking ships in the Red Sea region since November in what they say is solidarity with Palestinians during Israel's war against Palestinians in Gaza

    The United States and Britain have launched repeated strikes on Houthi targets in Yemen in response but the attacks against the ships have not been deterred

  • China regulator to ban Evergrande chair from securities market for life

    BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...

    Unable to repay interest on its loans, China’s real estate firm Evergrande formally defaulted in 2021, sending shockwaves through the industry.

    The company has struggled to repay creditors for years, defaulting in 2021 and becoming subject to a winding-up order by a Hong Kong court earlier this year.

  • Dubai approves rise in energy, water efficiency programs

    DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...

    The Council reviewed updates of the demand side management strategy for 2030 and 2050.

    This is part of the efforts to make Dubai a leading example in efficient energy and water demand management.

  • Shipping service connecting India, South East Asia with Saudi Arabia comes up

    RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in...

    This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector.

    This initiative represents a significant step in bolstering the role of King Abdulaziz Port in Dammam in enhancing the maritime transport sector.