Search Site

Trends banner

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.
  • 40 mostly displaced Gazans killed in Israeli strikes

    Civil defense spokesman Mahmud Bassal said two Israeli missiles hit several tents in the Al-Mawasi area of the southern city...

    Bassal said that Israeli strikes on two other encampments killed a further nine people -- seven in the northern town of Beit Lahia, and a father and son near Al-Mawasi.

    Two more attacks in Jabalia -- one that killed at least seven members of the Asaliya family, and another that killed six people at a school being used as a shelter.

  • Qatar renews $60 mn grant for Lebanon army salaries

    Qatar is to renew a $60 million grant to pay the salaries of Lebanon's army and provide 162 military vehicles,...

    The Lebanese President arrived in Qatar on Tuesday accompanied by foreign minister Youssef Raggi, and departed Doha on Wednesday afternoon

    The gas-rich Gulf state in February pledged support for reconstruction in Lebanon and was already a provider of financial and in-kind support to the Lebanon

  • UN watchdog chief says Iran ‘not far’ from nuclear bomb

    The United Nations nuclear watchdog chief Rafael Grossi warned on Wednesday that Iran was "not far" from possessing a nuclear...

    Western countries including the United States have long accused Iran of seeking to acquire nuclear weapons, an allegation Tehran has consistently denied

    The UN watchdog was tasked with overseeing Iran's nuclear programme and its compliance with a 2015 nuclear deal which collapsed three years later

  • Israel says 30% of Gaza now buffer zone, escalates offensive and maintains aid blockade

    Prime Minister Benjamin Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by...

    Prime Minister Netanyahu also ordered security chiefs and negotiators to keep pressing for the release of hostages held by Hamas in Gaza

    The Israeli military said that it had "achieved full operational control over several key areas and routes throughout the Gaza Strip."

  • WHO countries strike landmark agreement on tackling future pandemics

    Geneva, Switzerland -- Years of negotiations culminated early Wednesday with countries agreeing the text of a landmark accord on how...

    Negotiators stumbled over the agreement's Article 11, which deals with transferring technology for pandemic health products towards developing nations.

    During the Covid-19 pandemic, poorer states accused rich nations of hoarding vaccines and tests.

  • US approves $825 mn Stinger missile sale to Morocco

    The United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles...

    The proposed sale will improve Morocco's capability to meet current and future threats, the US Defense Security Cooperation Agency (DSCA) said in a statement

    This will contribute to the Moroccan Army's goals of updating capability and further enhancing interoperability with the US and other allies, the statement added

  • Netanyahu visits Gaza as Hamas warns hostages may die amid continued Israeli offensive

    Israeli Prime Minister Benjamin Netanyahu visited northern Gaza Tuesday, his office announced, as the military kept up the offensive it...

    Hamas said on Monday it had received a new truce offer from Israel that foresees the release of 10 living hostages in exchange for a 45-day ceasefire

    Another Hamas official said Israel had also demanded that the Palestinian militants disarm to secure an end to the Gaza war, but said this crossed a "red line."

  • oil

    Trade war to cut global oil demand: International Energy Agency

    Paris, France -- Global oil demand will be lower than previously forecast this year as rising trade tensions weigh on...

    It lowered its forecast for growth in oil demand by 300,000 barrels per day (bpd) -- down from just over one million bpd in its March report to 730,000.

    Trump imposed global tariffs of 10 percent this month but paused higher levies on scores of countries for 90 days.

  • Syria, Lebanon leaders in Qatar for first official visits

    Syria's interim President Ahmed al-Sharaa met with Emir Sheikh Tamim bin Hamad Al-Thani in Doha. Qatar has been a key backer...

    Lebanese President Joseph Aoun, accompanied by foreign minister Youssef Raggi, also touched down in Doha as delegations of two countries held talks.

    Beirut and Damascus have been seeking to improve relations since the overthrow of Assad, whose family dynasty exercised control over Lebanese affairs for decades.

  • Disarming Lebanon’s Hezbollah no longer inconceivable: analysts

    Beirut, Lebanon - The once unthinkable disarmament of Hezbollah could finally be within reach, as the United States pushes Lebanon...

    Hezbollah was left badly weakened by more than a year of hostilities with Israel, beginning with the group's campaign of rocket fire at its arch-foe in support of ally Hamas

    Israel was meant to withdraw its troops, but it still remains in five points it deems "strategic" and conducts regular strikes on what it says are mostly Hezbollah targets