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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.
  • Israel, US blame Iran as ‘drone strike’ hits tanker off Oman

    An Israeli official told AFP that the strike on the tanker was "an Iranian provocation" that aimed to "disrupt the...

    The Pacific Zircon was "hit by a projectile 150 miles off the coast of Oman" on Tuesday

    The tanker was carrying 42,000 tonnes of gas oil and bound for Buenos Aires

  • Qatar steps up diplomatic, media offensive against rights criticism

    In an interview with AFP, Qatar's Labor Minister Ali bin Samikh Al Marri said "racism" was behind the onslaught on...

    Qatar's chief World Cup organizer said attacks on the Gulf state had been launched because it "competed as equals and snatched" the World Cup from rival bidders.

    Qatar's media has spoken of a "systematic conspiracy" by European rivals. Al Sharq newspaper slammed "the arrogance" of some European countries.

  • ‘Projectile’ hits tanker off Oman coast, Israel blames Iran

    The tanker was "hit by a projectile approximately 150 miles off the coast of Oman ... on 15 November," the...

    "There is some minor damage to the vessel’s hull but no spillage of cargo or water ingress," it said. It was not immediately clear who launched the projectile.

    The Bahrain-based United States Fifth Fleet said it was "aware of the incident". UK Maritime Trade Operations, a British monitor, also said it knew of the incident.

  • Russia now routes oil through Turkey to reach EU

    The 27-nation bloc has also placed an embargo on Russia coal. While it has not banned natural gas imports from...

    The EU will ban most imports of Russian crude oil next month

    Ankara has increased imports of Russian crude since the Ukraine invasion in late February, the think tank said

  • COP27 climate talks inch toward ‘loss and damage’ showdown

    The G77+China block of more than 130 developing nations called in a position paper for a special fund "for assisting...

    The need for such "loss and damage" financing, which has emerged as a make-or-break issue at COP27, is urgent, the largest negotiating bloc at the talks said

    US and the EU have suggested that expanding current channels for climate finance might be a more efficient approach than creating a new one

  • UAE President meets Saudi Crown Prince on sidelines of G20 Summit

    The two leaders discussed mutual ties, including the agenda of the summit. 

    The two leaders discussed mutual ties, including the agenda of the summit

    Saudi Arabia and the UAE are close allies and share extensive political and cultural ties

  • Biden, allies hold emergency talks after missile hits Poland

    In the wake of a missile hitting Polish territory close to the border with Ukraine, US President Joe Biden and...

    The explosion in Poland, a NATO member, immediately sparked concerns that the alliance might be drawn into Russia's nearly nine-month war against Western-backed Ukraine

    The White House has been cautious in its initial response and has not attributed blame for the missile

  • Saudi Arabia, UAE key partners in Indonesia’s growth

    The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting...

    The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Heads of State and Government Summit

    Since 1976, the Kingdom, through the Saudi Fund for Development has contributed to strengthening the pillars of sustainable development in its various fields and forms in Indonesia

  • Israel PM says FBI won’t quiz troops over journalist’s death

    Outgoing Prime Minister Yair Lapid said Israeli soldiers "will not be interrogated" by the US' Federal Bureau of Investigation (FBI)...

    The Israeli army conceded on September 5 that one of its soldiers had likely shot Abu Akleh after mistaking her for a militant.

    Democratic party lawmakers, rights groups and the Abu Akleh family have been pushing for a US-led inquiry.

  • Israel swears in new parliament as Netanyahu readies govt

    Of the 120 lawmakers elected on November 1, 64 have endorsed Netanyahu to lead the next government, clearing the way...

    Despite broad ideological alignment among the pro-Netanyahu parties, coalition talks may take time with Religious Zionism's leaders -- Bezalel Smotrich and Itamar Ben-Gvir.

    Ben-Gvir, the leader of the Jewish Power party, wants Israel to annex all of the occupied West Bank. He wants to be public security minister.