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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 foreign minister Prince Faisal bin Farhan to make rare West Bank visit

    Prince Faisal will head a delegation to Ramallah, the first such trip since Israel first occupied the Palestinian territory in...

    Prince Faisal's trip was announced as Israel vowed to build a "Jewish Israeli state" in the West Bank, after doubling down on plans to expand settlements there.

    Saudi Arabia sent a lower-level delegation to Ramallah in September 2023, its first since 1967, not long before Hamas's October 7 attack triggered the Gaza war.

  • No permit, no hajj: Saudi intensifies crackdown after heat deaths

    Riyadh, Saudi Arabia -- Saudi Arabia is ramping up a crackdown on unregistered worshippers at next week's hajj pilgrimage, a...

    Regular raids, drone surveillance and a barrage of text alerts are aimed at rooting out unauthorized visitors hoping to mingle among the crowds in and around Makkah.

    The simple message, "No hajj without a permit", is being blared out in a relentless campaign promoted nationwide at shopping centers, on billboards and across media platforms.

  • UAE orders all companies to monitor emissions in new climate law

    Under the new law, companies are required to report and reduce their emissions of the greenhouse gases that are responsible...

    "By institutionalizing emissions monitoring and climate adaptation, the UAE is setting a compelling example for countries across the region," she said.

    Public and private companies now have to regularly monitor emissions and take steps to reduce them, or risk fines of up to two million dirhams ($545,000).

  • Turkey says Ukraine, Russia want ceasefire ahead of possible talks

    NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid...

    NATO member Turkey, which has strove to maintain relations with both Kyiv and Moscow, has become a key mediator amid US President Donald Trump's push for a deal

    At negotiations in Istanbul on May 16, Ukraine said Russia threatened to accelerate its ground offensive into new regions and made a host of hardline demands

  • Islamic State claims first attack on new Syria forces since Assad fall: monitors

    The Islamic State (IS) group on Thursday claimed its first attack on Syria's new government forces since the fall of...

    In a statement picked up by SITE Intelligence Group, IS said it had planted an "explosive device" on a Syrian forces' vehicle in the southern province of Sweida.

    Reported attacks by the group in areas controlled by the Islamist-led government, which took power after Assad's ouster in December, have been scarce

  • Generative AI’s most prominent skeptic doubles down

    Vancouver, Canada -- Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains...

    Marcus's criticism centers on a fundamental belief: generative AI, the predictive technology that churns out seemingly human-level content, is too flawed to be transformative.

    The large language models (LLMs) that power these capabilities are inherently broken, he argues, and will never deliver on Silicon Valley's grand promises.

  • With AI and more shade, Saudi Arabia set for a searing hajj

    Riyadh, Saudi Arabia -- With artificial intelligence, more shade and misting machines, Saudi authorities are preparing to welcome more than...

    Saudi Arabia's hajj minister Tawfiq al-Rabiah told AFP on Thursday that efforts to mitigate the searing desert heat remained a top focus among authorities.

    This year, Rabiah said authorities have mobilized more than 40 government agencies and 250,000 officials and doubled their efforts to mitigate heat-related risks.

  • Global economic outlook worsens, AI emerges as both catalyst and risk

    Geneva, Switzerland – The global economic outlook has worsened since the start of the year, as rising economic nationalism and...

    Nearly all the chief economists (97 percent) place trade policy among the areas of highest uncertainty, followed by monetary policy (49 percent) and fiscal policy (35 percent).

    This uncertainty is expected to weigh on key economic indicators, including trade volumes (70 percent), GDP growth (68 percent) and foreign direct investment (62 percent).

  • US suspends student visa processing in fresh swipe at foreign applicants

    President Donald Trump's administration is seeking unprecedented control over leading US universities, including revoking foreign student visas and deporting some...

    The government plans to ramp up vetting of the social media profiles of international applicants to US universities, the cable said.

    Rubio earlier rescinded hundreds of visas and the Trump administration has moved to bar Harvard University from admitting non-Americans.

  • Iran president in Oman as nuclear talks progress

    Iranian President Masoud Pezeshkian on Tuesday began a two-day visit to Oman, which is mediating ongoing nuclear talks between Tehran...

    Pezeshkian travelled to Muscat looking to promote "peace and stability", he said, two days after US President Donald Trump described the latest negotiations as "very, very good".

    "We hope to engage in dialogue to reach a shared perspective and a common voice on promoting peace and stability in the region," Pezeshkian said in a televised speech