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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.
  • Trump says wants ‘real end’ to Israel-Iran conflict, not ceasefire

    Trump said that he wanted a "complete give-up" by Iran in return for peace, without elaborating on the outcome he...

    On Tuesday, long queues stretched outside bakeries and petrol stations as the remaining residents rushed to stock up on fuel and basic supplies.

    Security checkpoints have been set up across Tehran, adding to the atmosphere of tension as authorities monitor movement in and out of key districts.

  • MENA brief Jun 17: ADNOC Drilling appoints new CEO, Riyadh up in startup ranking

    The DMCC Crypto Centre welcomed Bitcoin.com, which is setting up its first MENA office in Dubai. The Arab Coordination Group...

    Bahrain’s Central Bank reported a 188% oversubscription of its BD 70 million Treasury Bills, reflecting sustained investor confidence.

    In aviation, AviLease, the Saudi aircraft lessor, placed an order for up to 77 Airbus aircraft, including A320neo and A350F models.

  • China’s Xi in Kazakhstan to cement Central Asia ties

    Astana, Kazakhstan - Chinese President Xi Jinping will meet Central Asian leaders at a summit in Kazakhstan on Tuesday, his...

    The summit in the Kazakh capital brings together Xi - who arrived in Astana on Monday - and the leaders of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan

    Under Russia's orbit until the fall of the Soviet Union in 1991, the five countries of Central Asia have courted interest from major powers including China and the United States

  • Israel, Iran trade missile fire as Trump warns Tehran to ‘evacuate’

    The United States and Iran had engaged in several rounds of indirect talks on Tehran's nuclear programme in recent weeks,...

    Despite growing calls for the longtime foes to end hostilities, neither Israel nor Iran showed any signs of cutting short the missile blitz kicked off Friday

    The Chinese embassy in Tel Aviv warned its citizens to leave the country immediately, as the United States said it was deploying "additional capabilities" to the Middle East

  • G7 urges Iran de-escalation as Trump makes hasty summit exit as ally Israel pounds Iran

    The G7 statement said that Israel "has a right to defend itself" and stressed "the importance of the protection of...

    After a day of statements backing diplomacy, Trump ominously took to social media to sound a warning to the people of the Iranian capital Tehran

    But after hesitating at backing a joint statement on the crisis, Trump relented during a dinner at the forested lodge under the snow-capped mountains in Kananaskis

  • Day 4: Tehran residents flee Israeli attacks as casualties mount

    Images verified by AFP, shot by a social media user from an overpass, showed near immobile traffic on a Tehran...

    Iran's health ministry says at least 224 people have been killed and more than 1,200 wounded.

    Iran foreign ministry spokesman Esmaeil Baqaei called the strike on state TV a "war crime".

  • France shuts Israeli weapons industry booths at Paris Air Show

    The decision added drama to the major aerospace industry event, which was already under the shadow of last week's deadly...

    The booths displayed "offensive weapons" that could be used in Gaza -- in violation of agreements with Israeli authorities, a French government source told AFP.

    The companies -- Israel Aerospace Industries (IAI), Rafael, Uvision, Elbit and Aeronautics -- make drones and guided bombs and missiles.

  • Netanyahu sees Gaza hostage release ‘opening’, orders talks

    Israeli Prime Minister Benjamin Netanyahu said Sunday he ordered negotiators to "advance" talks on releasing hostages held in Gaza, after...

    Speaking on US news channel Fox News, Netanyahu said that US Middle East envoy Steve Witkoff "made an offer to begin a 60-day ceasefire

    Of the 251 hostages seized during Hamas's October 7, 2023 attack on Israel that sparked the war in Gaza, 52 are still held in Gaza, including 34 the Israeli military says are dead

  • Iran tells mediators it won’t negotiate ‘while under attack’: official

    Mediators Qatar and Oman were told by Iran that Tehran "will not negotiate while under attack", an official briefed on...

    Israel unleashed a punishing fresh barrage of strikes across Iran in a third day of exchanges Sunday

    The latest conflict marked the first time the two sides have traded fire with such intensity

  • Trump due in Canada as G7 confronts Israel-Iran crisis, may consider joint stance

    Trump has praised Israel's strikes, noting it used US weapons, even though Prime Minister Benjamin Netanyahu defied his public calls...

    The three-day gathering in the mountain town of Kananaskis marks the return to the international diplomatic calendar of Trump

    Canadian Prime Minister Mark Carney had designed an agenda aimed at minimizing disagreements within the club of wealthy industrial democracies