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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.
  • Murderer of Palestinian-American boy sentenced to 53 years

    Washington, United States - An Illinois man was sentenced to 53 years in prison on Friday for the murder of...

    Joseph Czuba, 73, was convicted in February of fatally stabbing Wadea Al-Fayoumi and attacking the boy's mother, Hanan Shaheen

    Czuba was the family's landlord and the attack took place a week after the start of the Israel-Hamas war in October 2023

  • Israel launches new Syria strikes amid Druze tensions

    Israel launched more than 20 air strikes inside Syria late Friday, a war monitor said, following up an attack near...

    The strikes came amid Israeli warnings to the Damascus government not to harm the Druze minority, following recent sectarian clashes

    An Israeli military statement said its forces had "struck a military site, anti-aircraft cannons and surface-to-air missile infrastructure in Syria."

  • Israel says intercepts missile fired from Yemen

    The Israeli military said Friday it intercepted a missile fired from Yemen, where Huthi rebels recently claimed responsibility for a...

    Yemen's Iran-backed Huthi rebels have not claimed responsibility for the Friday launch, but said Sunday they had launched a "hypersonic missile" at the Nevatim air base

    The Huthis are part of Iran's "axis of resistance" against Israel and the United States, portraying themselves as defenders of Palestinians in the Gaza Strip amid the ongoing war

  • Israel strikes near Damascus presidential palace over Druze violence that kills over 100 people

    Israel has since then attacked hundreds of Syrian military sites and on Friday announced its "fighter jets struck adjacent to...

    Israel has attacked hundreds of Syrian military sites and on Friday announced its "fighter jets struck adjacent to the area of the palace" in the capital Damascus

    Israel sees the new forces in Syria as jihadists and has warned them to protect the Druze minority, with Defence Minister Israel Katz saying his country could otherwise respond."

  • How much blood is enough to satisfy ‘political objectives’: WHO on Gaza

    "We are breaking the bodies and the minds of the children of Gaza. We are starving the children of Gaza,...

    Israel strictly controls all inflows of international aid vital for the 2.4 million Palestinians in the Gaza Strip.

    It halted aid deliveries to Gaza on March 2, days before the collapse of a ceasefire that had significantly reduced hostilities after 15 months of war.

  • Slower growth expected in MENA region in 2025: IMF

    "Growth is still projected to increase in 2025 and 2026, but at a considerably slower pace than anticipated last October,"...

    The lender lowered growth projections from 4 percent to 2.6 percent for 2025, and from 4.2 percent to 3.4 percent for 2026.

    In 2024, average growth in the region slowed to 1.8 percent -- from 2.1 percent the year before -- due to "ongoing conflicts and extended voluntary oil production cuts".

  • UAE to lift three-year Lebanon travel ban: statement

    Dubai, United Arab Emirates -- The United Arab Emirates will lift a ban on its citizens travelling to Lebanon that...

    The decision was announced a day after Lebanese President Joseph Aoun met with his UAE counterpart Mohamed bin Zayed in Abu Dhabi.

    In 2021, the UAE imposed a travel ban on its citizens and withdrew diplomats from Beirut in solidarity with Riyadh after a Lebanese minister criticized Saudi intervention in Yemen.

  • Two-State solution nearing point of no return: UN chief

    He renewed calls for an immediate and lasting ceasefire, the unconditional release of all hostages, and full humanitarian access. He...

    Guterres expressed deep concern over the worsening crisis in Gaza, where nearly 2,000 Palestinians have been killed since the ceasefire collapsed in March

    He renewed calls for an immediate and lasting ceasefire, the unconditional release of all hostages, and full humanitarian access

  • US imposes sanctions to curb Iran oil despite talks

    The United States said Wednesday it was imposing sanctions on seven companies involved in selling Iranian oil, tightening pressure despite...

    The United States said it was targeting five trading companies -- four based in the United Arab Emirates and one in Turkey

    The move comes just after Iran announced a fourth round of talks with President Donald Trump's administration to take place Saturday in Rome

  • UAE says foils bid to transfer weapons to Sudan army

    "The security services succeeded in preventing the transfer of a quantity of military equipment to the Sudanese Armed Forces following...

    The UAE statement said members of the cell included former Sudanese intelligence chief Salah Gosh an ex-adviser to the finance minister and political figure close to army chief.

    It said the arrests were made "during an inspection of ammunition in a private aircraft" loaded with around five million machine gun rounds.