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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.
  • Qatar Prime Minister sees some progress on Gaza truce

    "We need to find an answer for the ultimate question: how to end this war. That's, that's basically, I think,...

    The initial phase of the truce ended in early March, with the two sides unable to agree on the next steps. Israel resumed air and ground attacks across the Gaza Strip on March 18.

    Hamas is open to an agreement to end the war that would see all hostages released and secure a five-year truce, an official told AFP as the group's negotiators met in Cairo.

  • Saudi Arabia and Qatar to settle Syria’s World Bank debt

    Riyadh, Saudi Arabia -- Saudi Arabia and Qatar announced on Sunday that they would settle Syria's debt to the World...

    Both Gulf states have played a key role in the diplomatic outreach to Syria's new rulers since the ouster of longtime strongman Bashar al-Assad in December.

    The statement came just days after Syria's central bank governor and finance minister attended the IMF and World Bank spring meetings for the first time in more than 20 years.

  • Massive explosion at Iran’s Shahid Rajaee Port kills 18, injures 800

    Although the cause of the blast was not immediately clear, the port's customs office said in a statement carried by...

    The NYT, quoting a person with ties to the Revolutionary Guard, reported that what exploded was sodium perchlorate, a major ingredient in solid fuel for missiles.

    "The intensity of the fire in Shahid Rajaee Port has increased and it is possible that the fire could spread to other areas and containers," state TV said late Saturday.

  • Trump trade war pushes firms to consider stockpiling

    Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...

    Whether it's the luxury, electronics or pharmaceutical sectors, US President Donald Trump's unpredictability complicates the calculations of firms.

    Some companies didn't wait for Trump's April 2 announcement of massive "reciprocal" trade tariffs: they had already begun shipping more of their goods to the United States.

  • Palestinian president Abbas appoints Fatah veteran Hussein al Sheikh as potential successor

    Abbas's close aide, 69-year-old Hussein was appointed as the first ever vice president of the Palestine Liberation Organization after the...

    The PLO is empowered to negotiate and sign international treaties on behalf of the Palestinian people, while the PA is responsible for governance in parts of the Palestine.

    The PLO is an umbrella organization comprising several Palestinian factions, but not Hamas and Islamic Jihad, which are currently at war with Israeli forces in Gaza.

  • Russia says retook Kursk from Ukraine with North Korean help

    The Russian army has fully liberated the border Kursk region from Ukrainian control with the help of North Korean soldiers,...

    Gerasimov especially hailed the "heroism" of the North Korean soldiers taking part in the operation, who provided significant assistance in defeating the group of Ukrainian forces

    However, the Ukrainian Chief of Staff acknowledged the situation on the battlefield was "difficult", while insisting Ukrainian forces were still holding positions in Kursk

  • Hamas says open to 5-year Gaza truce, one-time hostages release

    Cairo, Egypt - Hamas is open to an agreement to end the war in Gaza that would see all hostages...

    The Hamas official, speaking to AFP on condition of anonymity, said the Palestinian militant group "is ready for an exchange of prisoners in a single batch and a five year truce

    Hamas has consistently demanded that a truce deal must lead to an end to the war, a full Israeli withdrawal from the Gaza Strip and a surge in humanitarian aid

  • Iran, US discuss nuclear deal in third round of talks

    Muscat, Oman - The United States and Iran went into detail about a potential nuclear deal Saturday at their third...

    US special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi again led the talks, which this time included a technical-level meeting between experts from both sides

    In an interview released Wednesday, US Secretary of State Marco Rubio reiterated Washington's firm stance against Iran's uranium enrichment

  • Trump, Zelensky meet on sidelines of pope’s funeral

    US President Donald Trump on Saturday criticized Russian President Vladimir Putin for attacks on civilian areas of Ukraine in recent...

    Zelensky said they discussed a possible unconditional ceasefire with Russia and was "hoping for results" from a "very symbolic meeting that has the potential to become historic."

    The war cast a shadow over preparations for Francis's funeral, and even as it took place, Russia claimed its forces had "fully liberated" the border Kursk region

  • India, Pakistan and threats of a water war: what we know

    India, furious after a deadly attack, has suspended the Indus Waters Treaty with Pakistan, with Islamabad warning any attempt to...

    The 65-year-old pact was considered a rare diplomatic success story between bitter nuclear-armed rivals who have fought multiple conflicts

    But one thing experts on both sides of the border agree on is that while important, its suspension will have limited immediate impact on water