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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.
  • Saudi Crown Prince begins Asian tour amid row with Washington

    Mohammed bin Salman left Monday for the Group of 20 summit in Bali, Indonesia. The official Saudi Press Agency said...

    A likely stop is South Korea, where local media report the crown prince will meet business leaders. He is then expected to attend the Asia-Pacific Economic Cooperation forum.

    The trip comes as Riyadh feuds with Washington over the OPEC+ oil cartel's October decision to cut production by two million barrels per day.

  • Saudi Crown Prince and PM arrives in Indonesia for G20 summit

    Bali, Indonesia— Crown Prince and Prime Minister of Saudi Arabia, Mohammed bin Salman, has arrived in Indonesia to take part...

    The crown prince met with French President Emmanuel Macron, Turkish President Recep Tayyip Erdogan and other leaders on the sidelines of the G20 summit

    The 17th edition of the G20 Summit will extensively focus on key issues of global concern under the theme of ‘Recover Together, Recover Stronger’

  • Row between Libya council and Dbeibah’s government escalates

    Accusing the government of prime minister Abdulhamid Dbeibah of preventing it from meeting, Libya's High Council of State said armored...

    The council's head, Khaled al-Mishri, said in a video statement on Facebook that the body had been due to vote on a constitutional basis for elections

    Polls had been set for December 2021 to elect a replacement for Dbeibah's government, but were indefinitely postponed

  • Russia under pressure as G20 tackles Ukraine war, soaring food prices

    Eyeing a joint G20 declaration that would condemn Russia's eight-month-old invasion and threats to use nuclear weapons, US and European...

    There was a hint at growing Chinese unease with Russia's prosecution of the war when presidents Xi Jinping and Joe Biden met late Monday

    Both men voiced opposition to the "use or threat of use" of nuclear weapons in Ukraine, according to a White House account of the meeting

  • It’s time to create and support Climate Solidarity Pact

    Proposing the creation of a Climate Solidarity Pact, bringing together developed and emerging economies to combine resources and capacities to...

    G20 can play an important role in resolving global crises, says UN Secretary-General António Guterres ahead of the event in Bali, Indonesia

    Guterres urges the bloc to support his initiatives to address climate change, sustainable development, the worldwide food and energy crises, and digital transformation

  • UAE won’t choose sides between global powers, says Anwar Gargash

    The UAE is a key player in the 13-nation OPEC oil cartel which, with its 10 allies headed by Russia,...

    The comments by Anwar Gargash, a senior advisor to the UAE's president, come as Washington is at odds with Russia.

    The UAE, is not "dependent on just one or two countries for both our economic prosperity and our security", said Gargash.

  • UAE urges global efforts for trade at B20 Summit in Indonesia

    BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin...

    The UAE is working to help the global economy overcome current and future challenges.

    The economy of the future will be based on knowledge and innovation.

  • UN chief hopeful Russia will extend grain deal

    United Nations Secretary-General Antonio Guterres hoped Russia would extend the deal that gives safe passage to Ukrainian grain shipments. The...

    Russia has said it had yet to decide whether to extend the grain deal beyond November 19, the original date in the agreement.

    Both Ukraine and Russia are one of the world's top grain producers.

  • UNHRC to host emergency session on Iran protests

    The UN Human Rights Council said it would hold an urgent session on Iran, with backers pushing for a global...

    The United Nations' highest rights body said a special session on "the deteriorating human rights situation" in Iran would be held on November 24.

    The support of 16 of the Human Rights Council's 47 members, more than a third, is required to convene a special session outside the three regular ones

  • UN probes allegations of Egypt ‘surveillance’ at COP27

    SHARM EL SHEIKH, EGYPT - United Nations officers running security at the COP27 climate summit in Egypt said Monday they...

    Participants at COP27 - including activists, rights defenders, and civil society groups - have raised cases of "surveillance" during the summit.

    A German diplomatic source said a complaint was lodged with Egypt as the delegation "felt we were being watched."