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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.
  • 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.

  • Aid boat ready to set sail from Cyprus for Gaza

    A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said,...

    The UN has repeatedly warned of looming famine, particularly in the Palestinian territory's north where no overland border crossings are open.

    With ground access limited, countries have also turned to airdropping aid, although a parachute malfunction turned one delivery on Friday deadly.

  • High inflation leaves Nigeria struggling ahead of Ramadan

    Lagos, Nigeria - The holy fasting month of Ramadan begins early next week in Nigeria, with the worst economic crisis in...

    With food inflation at around 35 percent, worshipers taking part in Friday prayers at the central mosque in Lagos said they were barely able to provide for their families

    The government brought in reforms last year that have had a devastating effect on citizens of Africa's biggest economy, where around half the population is Muslim

  • Turkish president Erdogan declares Ankara ‘backs’ Hamas

    Ankara, Turkey - Turkish President Recep Tayyip Erdogan said on Saturday Ankara "firmly backs" Palestinian group Hamas."No-one can make us qualify...

    "No-one can make us qualify Hamas as a terrorist organization," he said in a speech in Istanbul.

    Erdogan has been one of the most virulent critics of Israel since the start of the war in Gaza.

  • Red Cross head says Gaza war ‘ruptured’ shared humanity

    Geneva, Switzerland - The war in Gaza has "ruptured any sense of a shared humanity," the head of the International Committee...

    ICRC head Mirjana Spoljaric called for an urgent ceasefire in Gaza, saying Israel and Hamas must respect international law and protect civilians.

    "In the face of such deep suffering", the ICRC called urgently for a ceasefire to allow "a steady, robust flow of humanitarian aid" to reach people in Gaza.

  • Drone strike blamed on Turkey kills three in Iraq

    Arbil, Iraq - A drone strike in northern Iraq killed a Kurdistan Workers' Party (PKK) commander, Kurdish authorities said, raising the...

    Turkey often carries out ground and air operations in northern Iraq against positions of the PKK, which has waged a decades-long insurgency against the Turkish state.

    In the past 25 years Turkey has operated several dozen military bases in northern Iraq in its war against the PKK, which Ankara and its Western allies consider a "terrorist" group.

  • Iran hits out at UN experts report on 2022 protests

    TEHRAN, IRAN – Tehran on Saturday strongly condemned a UN report on the Islamic republic's response to mass protests in 2022,...

    International experts said the repression of mostly peaceful protests beginning in September 2022 have led to "crimes against humanity".

    The UN Human Rights Council mandated the experts' investigation following massive protests after the death in police custody of Mahsa Amini.

  • US-led coalition shoots down 15 Yemen rebel drones: CENTCOM

    CENTCOM and coalition forces determined that the drones "presented an imminent threat to merchant vessels, US Navy and coalition ships...

    US Central Command, or CENTCOM, said the "large-scale" Houthi attack occurred before dawn into the Red Sea and adjacent Gulf of Aden

    On January 9, US and British forces shot down 18 drones and three missiles fired by the rebels toward ships in the Red Sea, the US military said at the time

  • Erdogan says March local elections will be his ‘last’

    It was the first time that Erdogan, who has been in power since 2003, has spoken about leaving office. The...

    The 70-year-old leader expressed confidence that his conservative Justice and Development (AKP) party would nonetheless remain in power even after he has left office

    Erdogan said that the results of the March 31 local elections would be "a blessing for the brothers who come after me and there will be a transfer of confidence"

  • Asif Ali Zardari: ‘Artful dodger’ returns as Pakistan president

    He has spent more than 11 years in jail, a long time even by the standards of Pakistani politicians, with...

    Initially a background character as Bhutto's consort, Zardari was stained by a bevy of corruption and other allegations

    Between 2008 and 2013, he ushered in constitutional reforms rolling back presidential powers, and the 68-year-old's second term will see him steer a largely ceremonial office.