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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.
  • US sanctions network smuggling American tech to Iran’s central bank

    US Treasury sanctioned a number of alleged ISC subsidiaries and front companies based in Turkey and the United Arab Emirates,...

    The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement

    Treasury's move freezes any US assets associated with the sanctioned individuals and entities, and generally prohibits Americans from doing business with them

  • In Gaza, there are no more ‘normal-sized babies’: UN official

    The war began October 7 when a surprise attack by Hamas resulted in about 1,160 deaths in Israel, mostly civilians,...

    "Doctors are reporting that they no longer see normal-sized babies,"  Dominic Allen, UN official said after visiting hospitals still providing maternity services in north of Gaza

    Allen said Israeli authorities had refused to allow in some UNFPA supply shipments, such as kits for midwives, or had removed supplies like flashlights and solar panels

  • UN says 5 million at risk of starvation in Sudan

    The war between army chief Abdel Fattah al-Burhan and his former deputy, Mohamed Hamdan Daglo, has since April last year...

    Some five million Sudanese could face calamitous food insecurity in coming months as a nearly yearlong war between rival generals continues to tear the country apart, UN said

    UN humanitarian chief Martin Griffiths noted that nearly 730,000 Sudanese children - including more than 240,000 in Darfur - are thought to suffer from "severe" malnutrition

  • Hamas, Houthis hold rare meeting: Palestinian sources

    According to sources from Hamas and Islamic Jihad, leaders from the two Palestinian groups, as well as the Marxist Popular...

    The Houthis have attacked Red Sea shipping for months since the Israel-Hamas war broke out on October 7, saying they are targeting vessels in solidarity with Palestinians

    Hamas and the Houthis belong to the "axis of resistance", a collection of Iran-backed movements hostile to Israel and the United States that also includes Lebanon's Hizbollah

  • G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

    Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles...

    Among the steps that have been discussed is ending national airline Iran Air's flights to Europe, the official added.

    A senior US administration official told journalists that if Iran decides to sell ballistic missiles to Russia, the costs will far outweigh the benefits.

  • Seven children among 22 dead as boat capsizes off Turkish coast

    Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said...

    "The Turkish coastguard found the bodies of 22 people including seven children," the local governor's office said in a statement.

    Officials said the boat began sinking overnight and on Friday many ambulances were standing by at the port of Kabatepe near Gokceada.

  • European Union to sanction violent Israeli settlers and Hamas

    Britain and the United States have already imposed sanctions on a small number of Israeli settlers accused of committing human...

    A high-ranking EU official said that he expected foreign ministers from the bloc's 27 member states to give political backing to the moves.

    The 27-nation EU has struggled for a unified position in the face of the Hamas attack and Israel's subsequent devastating military operation in Gaza.aZ

  • US forces ‘destroy’ Houthi anti-ship missiles and drones in Yemen

    Dubai, United Arab Emirates--The US military said Thursday it had destroyed nine anti-ship ballistic missiles and two drones in Yemen after...

    CENTCOM said two missiles fired by the Houthi rebels towards the Red Sea and two towards the Gulf of Aden had caused no damage or injuries

    The Houthi attacks have sent insurance costs spiralling for vessels plying the key trade route and prompted many shipping firms to avoid the Red Sea

  • Red Sea crisis reduces Ramadan cheer for war-torn Yemen

    Ramadan, when Muslims break their day-long fasts with large evening meals, usually means brisk business for Yemen's shops. But in...

    Over the past four months, the Houthis have been harassing shipping in the Red Sea in protest at Israel's war against Hamas, triggering American and British reprisal strikes

    The conflict in the commercially vital seaway has pushed up the cost of importing goods, exacerbating runaway inflation and raising fears that food supplies could run out

  • UN should organize more aid convoys for north Gaza: Israel

    An Israeli official said that the UN should coordinate more convoys if it wants to see more aid in north...

    However UNRWA spokeswoman said the issue is with Israel not allowing enough aid in

    Aid workers say slow inspections and opaque rules have held up the arrival of aid