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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.
  • GCC seeks travel ease with Schengen visa exemption

    GCC Secretary General Jasem Albudaiwi calls for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to...

    GCC Secretary General Jasem Albudaiwi is advocating for visa-free travel to Europe, aiming to simplify the journey for Gulf citizens to the continent.

    With plans for a Unified Tourist Visa and streamline travel safety measures, the GCC is paving the way for a more interconnected and accessible world.

  • Former US treasury secretary says preparing buyout of TikTok

    Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...

    Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.

    "This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.

  • US sanctions five Israeli entities including three settlers in West Bank

    Washington, US - The United States sanctioned three Israeli settlers and two farming outposts on Thursday, accusing them of being involved...

    "Today, we are taking further action to promote accountability for those perpetuating violence and causing turmoil in the West Bank," a US official said.

    The US Treasury Department website showed that the three sanctioned individuals, Zvi Bar Yosef, Neriya Ben Pazi and Moshe Sharvit were Israeli citizens in West Bank.

  • Leader of US Senate calls for election in Israel

    The leader of the US Senate called for Israel to hold new elections in the most strident criticism yet by...

    “As a democracy, Israel has the right to choose its own leaders, and we should let the chips fall where they may,” Chuck Schumer said.

    He said that Netanyahu was one of four "major obstacles" to a two-state solution.

  • UAE, Hungary ink pact to enhance trade, investment ties

    ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...

    The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.

    The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.

  • Israeli lawmakers approve revised wartime budget

    The new budget passed by a vote of 62 lawmakers to 55. It modifies the budget passed in May 2023,...

    Parliament had already voted in December for an increase to the 2023 budget for the war against Hamas, boosting the previously approved spending figure by 30 billion shekels

    Israel's retaliatory military campaign to eliminate Hamas has killed at least 31,272 people in Gaza, mostly women and children, according to the territory's health ministry

  • China to take ‘all necessary measures’ to protect interests after US TikTok vote

    Beijing, China--China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its...

    The app has soared in popularity worldwide but its ownership by Chinese tech firm ByteDance has fuelled concern in Western capitals

    The US House of Representatives approved a bill that would force TikTok to divest from its parent company or face a nationwide ban

  • UK to ban foreign state ownership of British newspapers

    London, United Kingdom--The UK announced Wednesday that it plans to bar overseas governments from owning British newspapers, a move that could...

    A government spokesperson said the move would "deliver additional protections for a free press, a pillar of our democracy"

    British media suggested that minority interests in newspapers and magazines by foreign governments might be allowed

  • ‘Multilateral approach needed to address Gaza crisis’

    The 'Amalthea' initiative, recently announced by Cyprus, is crucial for the efforts to launch the maritime corridor and the UAE...

    A concerted international effort is underway to open humanitarian corridors to Gaza, with a focus on a maritime corridor for urgent aid delivery.

    The 'Amalthea' initiative, aiming to safely ship aid from Cyprus to Gaza by sea, marks a critical step in international efforts to alleviate the crisis.

  • Israeli strike kills Hamas member and two others in Lebanon

    Beirut, Lebanon--Palestinian resistance group Hamas said one of its members was killed in an Israeli strike in south Lebanon on Wednesday...

    The Palestinian resistance group said the man killed in the strike was Hadi Mustafa, a member of its armed wing in Lebanon

    Lebanon's official National News Agency said three people were killed in the strike, including a Syrian passing by on a motorcycle