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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.
  • Dbeibah calls on armed groups to align with state

    Days of clashes in the capital have pitted an armed group aligned with the Tripoli-based government against groups it has...

    The country has remained deeply divided since the 2011 NATO-backed revolt that toppled and killed longtime leader Moamer Kadhafi.

    The recent fights have killed at least eight people, said the UN, while the authorities have yet to release an official tally.

  • The US towns that took on ‘forever chemical’ giants — and won

    Washington, United States -- No corner of Earth is untouched. From Tibet to Antarctica, so-called "forever chemicals" have seeped into...

    Tainting food, water and wildlife, these toxic substances have been linked to ailments ranging from birth defects to rare cancers.

    Yet if it weren't for the efforts of residents in two heavily impacted American towns, the world might still be in the dark.

  • Morocco to reopen embassy in Syria after Assad fall

    Morocco said Saturday it will reopen its embassy Damascus, closed since 2012, signalling renewed support for Syria after the overthrow...

    The decision was announced in a letter from King Mohammed VI to Syria's interim President Ahmed al-Sharaa

    The letter said Morocco backed the Syrian people "in their quest for freedom, security, and stability."

  • A day after first direct talks between officials, Kremlin says Putin-Zelensky meeting possible only after pact

    The Kremlin said Saturday a meeting between Russia's Vladimir Putin and Ukraine's Volodymyr Zelensky would be possible only after both...

    US President Donald Trump, who has been pressing Russia to agree a 30-day unconditional ceasefire, said later in the day that he would speak by phone with Putin on Monday.

    On Friday, the first direct talks since the spring of 2022 between Ukraine and Russia in Istanbul resulted in a concrete agreement to exchange 1,000 prisoners each

  • Arab summit presses for end to Gaza ‘bloodshed’ as Israel launched an expanded military offensive

    Arab leaders meeting Saturday at a summit in Baghdad urged the international community to press for a Gaza ceasefire, as...

    In a joint final statement, Arab League members also called for funding to back their Gaza reconstruction plan

    It came hours after Israel's military launched a new Gaza offensive, saying it was part of "the expansion of the battle in the Gaza Strip."

  • Moody’s downgrades US credit rating on rise in govt debt

    Moody's on Friday downgraded the United States's credit rating from the top triple-A level, citing rising levels of government debt...

    The downgrade to Aa1 from Aaa adds to the bad news for the US president, coming on the same day his flagship spending bill failed to pass a key vote in Congress

    Moody's decision to downgrade the United States from its top credit rating reflects a recent surge in US borrowing costs, which was further fueled by the Covid-19 pandemic

  • Trump reshapes US Mideast policy. Can deals work instead?

    The Israeli military said Saturday it had launched "extensive strikes" as part of a fresh offensive in Gaza, after rescuers...

    Trump vowed during his swing through Saudi Arabia, Qatar and the United Arab Emirates that there would be no more "lectures on how to live."

    In an extraordinary rupture with his predecessors, Trump then lambasted what he called the "neo-cons" that oversaw bloody US military interventions in the region

  • Arab League to meet in Baghdad to discuss regional crises, key leaders may give it a miss

    The Arab League is meeting in Baghdad on Saturday to discuss Gaza and other regional crises, but some key leaders...

    The war in Gaza is expected to dominate the agenda, especially after Israel approved plans to expand its offensive and spoke of the "conquest" of the territory

    United Nations chief Antonio Guterres will attend the summit, and Spanish Prime Minister Pedro Sanchez is expected to address it as a guest

  • Israel launches ‘initial stages’ of new Gaza operation, threatens Huthi leaders after striking Yemen ports

    The operation is part of "the expansion of the battle in the Gaza Strip, with the goal of achieving all...

    The offensive, known as "Operation Gideon's Chariots", comes as Israel faces pressure to lift a sweeping aid blockade in return for a US-Israeli hostage released by Hamas

    Israel resumed its military offensive in Gaza on March 18 after a two-month truce in its war against Hamas, triggered by an attack by the Palestinian group in October 2023

  • No Israel stop for Trump on Mideast tour shows shifting ties

    Jerusalem, Undefined -- US President Donald Trump's decision to skip over Israel in his Middle East tour was just the...

    The United States in early May sealed a ceasefire with Yemen's Houthi rebels that has left Israel out of the picture.

    The deal was announced just hours after a missile fired by the rebels landed within the perimeter of Tel Aviv's international airport, leading to the cancellation of flights.