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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.
  • Several MoUs give a boost to Saudi-Thai relations

    The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as...

    The two countries agree to set up Saudi-Thai Coordination Council, vow to enhance investments and cooperation in sectors such as energy and tourism and fight corruption

    Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz and Thai Prime Minister General Prayuth Chan-ocha also discuss ways to develop bilateral ties

  • Second Russian fertilizer shipment should be for W. Africa, says UN

    After a first shipment of Russian fertilizer blocked in European ports heads for Malawi next week, a second batch should...

    The first shipment of 20,000 metric tonnes of nitrogen phosphorus potassium is currently being loaded onto a vessel chartered by the UNWFP.

    There were around 300,000 tonnes of Russian fertilizer blocked in different European ports.

  • UN climate talks go into overtime to break deadlock over funding

    Representatives from nearly 200 countries have gathered at the COP27 in Egypt for two weeks with the aim of driving...

    But wealthy and developing nations were still struggling to find common ground on creating the fund and on a host of other crucial issues with only hours before the summit.

    For many developing countries the defining issues at the conference is money for the "loss and damage" caused by climate change.

  • ADFD takes part in foreign investors meet in Uzbekistan

    ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of...

    The discussions focused on fostering economic development in Uzbekistan by facilitating investment in various fields.

    Many development institutions and international financial organizations participated in the conference.

  • UAE Minister discusses economic ties with Caribbean countries

    ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...

    The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean region.

    The UAE minister met several ministers from the Caribbean nations to discuss mechanisms to enhance economic and trade cooperation.

  • ‘Sweden confirms Nord Stream pipeline sabotage’

    Swedish officials confirmed the September blasts which destroyed sections of the Nord Stream pipelines carrying natural gas from Russia to...

    Technical analyzes were continuing in order to "draw more reliable conclusions regarding the incident."

    Sweden's Prosecution Authority said that the investigation will show if anyone can be formally suspected of a crime.

  • Saudi crown prince arrives in Thailand on official visit

    Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review...

    Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review a guard of honour.

    The Saudi and Thai national anthems were played during the crown prince's ceremonial greeting ceremony

  • UK rolls out budget full of tax hikes as recession seeps in

    Britain unveiled a painful budget with $65 billion of tax hikes and spending cuts despite confirming its economy was in...

    Finance minister Jeremy Hunt said the measures were needed to bring financial stability after recent markets turmoil.

    The pound had hit a record-low close to parity against the dollar in late September after Truss failed to reveal the impact of her tax cuts on growth and inflation.

  • Three officials sacked after second fire at Baghdad airport in three days

    The latest fire came after three people were lightly hurt on Tuesday when a blaze broke out in a refreshments...

    There were no casualties in the latest blaze, which damaged several airline offices in the two-storey Nineveh Terminal.

    Prime Minister Mohammed Shia al-Sudani travelled to the airport to be briefed on a probe launched following the fire

  • Abu Dhabi inks MoU with African Union in public health

    ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease...

    The partnership aims to bolster collaboration and information exchange between ADPHC and Africa CDC.

    The partnership’s priorities include promoting disease information and surveillance.