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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.
  • Saudi king calls for end to ‘heinous crimes’ in Gaza

    In his Ramadan message, King Salman while giving thanks for the blessings bestowed upon the kingdom said the war in...

    He exhorted the international community to put an end to 'these heinous crimes'

    Gaza is in the midst of a spiralling humanitarian crisis after months of Israeli war

  • Iran agricultural, food exports hit US$5.5bn in 11 months

    TEHRAN, IRAN – The Ministry of Industry, Mine, and Trade said that Iran exported fisheries, livestock, agricultural and food products...

    Iraq was the biggest importer of Iranian agricultural and food products worth US$1.7 billion.

    The UAE was the second largest importer of Iranian agricultural and food products worth $675 million

  • GASTAT adopts chain-linking method to calculate Saudi Arabia’s real GDP

    RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) said in a press release it issued on Sunday that...

    The fourth quarter 2023 results and the annual results for the same year have been reached at by using the new methodology.

    Saudi Arabia is the first country in the Gulf and Arab regions, and among the first G20 countries, to implement the chain-linking methodology.

  • Hizbollah fires dozens of rockets at Israel after deadly strikes

    Hizbollah said it had fired dozens of rockets into northern Israel after Israeli strikes the day before left five dead...

    Meron is home to a major air control base that the Iran-backed group has targeted several times since the start of the year.

    Hizbollah said it had acted "in response to Israeli attacks against villages in the south and the homes of civilians".

  • Netanyahu approach to Gaza war ‘hurting’ Israel, says Biden

    With Gaza's humanitarian crisis growing more dire and Biden's left flank in uproar, the US president made contradictory remarks as...

    Israel's retaliatory operations in Gaza have killed more than 30,800 people,

    Biden was evasive Saturday on the possibility of a new trip to Israel

  • Israel slams Canada, Sweden for resumption of UNRWA funding

    Canada and Sweden announced over the weekend they were resuming funding for the cash-strapped UN agency, weeks after having suspended...

    Supporting UNRWA, which has been central to humanitarian efforts in the war-ravaged Gaza Strip, was a "serious mistake", the Israeli foreign ministry said in a statement

    The renewed aid, according to the Israeli statement, showed that Canada and Sweden had chosen "to ignore the involvement of UNRWA employees in terrorist activity

  • CIA, Mossad chiefs meet to ‘advance’ hostage release deal

    Israeli military spokesman Daniel Hagari said Israel was preparing for "all possible operational scenarios" during Ramadan, and that it plans...

    Benjamin Netanyahu's office said Mossad chief met Friday with the head of the CIA

    Israel did not send a delegation to the latest round of truce talks in Cairo

  • Israelis demand Netanyahu ouster and hostage release

    With t-shirts and banners featuring the names and pictures of hostages seized during Hamas's October 7 attack, the crowd demanded...

    Some protesters called for an immediate ceasefire, a position the government has rejected

    A protestor said Netanyahu's government "cannot stay in power" after the October 7 attack

  • Israeli strike on a Lebanon house kills five, wounds nine

    Lebanon's official National News Agency said the Israeli strike on a house in the Khirbet Selm area killed a family...

    The attack destroyed the house, wounding at least nine others who lived nearby

    A Lebanese couple and their son were killed in an Israeli strike on Tuesday

  • Thousands rally in London seeking a truce in Gaza

    London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing...

    The march, from Hyde Park Corner to the US Embassy, was the fifth major demonstration of the year so far in the capital.

    However, marches protesting Israeli assault in Gaza have seen dozens arrested for anti-Semitic chanting and banners.