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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.
  • Iran launches imaging satellite Pars 1 from Russia

    Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The...

    Iran’s Telecommunications minister said "Pars-I" was "fully domestically developed" in his country.

    In August 2022, Russia launched Iran's remote-sensing Khayyam satellite into orbit from Kazakhstan.

  • Kurd authorities say Turkish strikes kill two PKK members

    Arbil, Iraq - A Turkish drone strike in northwestern Iraq killed two members of a group affiliated to Turkey's outlawed Kurdistan...

    The fighters were members of the Sinjar Resistance Units, a group founded among the district's Yazidi community in response to occupation by the IS group

    There was no immediate word from the Turkish military, which has conducted deadly strikes against PKK targets in Iraq and neighboring Syria previously

  • Israeli troops ‘massacre’ 104 Palestinians at aid distribution point

    More than 750 others were injured after Israeli soldiers opened fire on civilians gathered at an aid distribution point in...

    Earlier, the health ministry in Gaza said children have died "due to malnutrition, dehydration and widespread famine" at Al-Shifa hospital.

    The United Nations humanitarian agency OCHA described the food security situation as "extremely critical across Gaza, particularly in northern Gaza."

  • US implores Israel to let worshipers pray at Al-Aqsa in Ramadan

    United States has been pressing for a deal before Ramadan begins in which Israel would halt strikes in Gaza and...

    Israel has been assessing how to address worship in Jerusalem during Ramadan

    An Israeli minister said that Palestinians should not be allowed entry to Jerusalem to pray

  • Israeli fighter jets bomb south Lebanon, killing two

    Lebanon's Hizbollah, a Hamas ally, has exchanged near-daily fire with the Israeli army since war erupted between Israel and the...

    On Wednesday morning, Hamas's armed wing, the Ezzedine al-Qassam Brigades said in a statement it targeted two Israeli military sites with two barrages of "Grad rockets"

    The attack from south Lebanon came in "response to Zionist massacres against civilians in the Gaza Strip and the assassination of martyred leaders and their brothers in Beirut

  • Gaza health ministry says war deaths exceed 30,000 as famine looms

    The latest overall toll for Palestinians killed in the war came after at least 79 people died overnight across the...

    While mediators say a truce deal between Israel and Hamas could be just days away, aid agencies have sounded the alarm of a looming famine in Gaza's north

    Citing the deteriorating conditions in Gaza, USAID head Samantha Power said Israel needed to open more crossings so that vitally needed humanitarian assistance can be dispatched

  • Israel strikes Damascus amid soaring regional tensions

    According to Syria's defense ministry, Israeli fighter jets carried out strikes "from the direction of the occupied Syrian Golan", targeting...

    Explosions followed by the sirens of ambulances were heard in the capital

    The Israeli strikes killed two Syrian pro-Hizbollah fighters as per a war monitor

  • India, US at loggerheads over WTO reform at Abu Dhabi talks

    Abu Dhabi, United Arab Emirates -- A US-led push to reform the World Trade Organization's embattled dispute settlement system sparked divisions...

    Washington's push for reform has angered India, which accused the US on Wednesday of bringing the WTO to a "standstill".

    India threatened to hold off on any new deals before progress is made on the appellate body, which could imperil agreements on fisheries subsidies and agriculture.

  • Israel minister says Arab trade ties unfazed by Gaza war

    In January, Israel's cabinet approved an additional 55 billion shekels ($15 billion) to meet the cost of the war, while...

    When asked about Israel's economic losses due to the war, Barkat said it could add "anywhere between 150 to 200 billion shekels ($42-55 billion)" to the country's national debt

    Barkat said Gaza war could help Israel boost sales of military technology, noting there is "high interest" from many countries, without specifying if Arab states were among them

  • US, Qatar hope for Israel-Palestine truce within days

    Netanyahu has faced increasing public pressure over the fate of the remaining hostages. Itamar Ben Gvir, Israel's far-right national security...

    A Hamas source, speaking on condition of anonymity, said the proposed 42-day truce could potentially be "renewed" and would see one Israeli hostage released every day

    Instead of a complete withdrawal of Israeli forces from Gaza - a demand rejected by Netanyahu - the source said the military may leave "cities and populated areas"