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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.
  • COP27: ACG to give $24bn for climate action by 2030

    The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems,...

    The fund will support the acceleration of the energy transition, the increased resilience of food, transport, water and urban systems, and the promotion of energy security

    The financial commitment by the Arab Coordination Group comes as part of a joint Call for Climate Action for Equitable Development at COP27

  • Qatar has thousands of World Cup rooms available: Accommodation official

    There are at least 25,000 rooms free even during the peak days of the World Cup, expected between November 24...

    For accommodation bookings, neighbouring Saudi Arabia has been the top market, followed by the United States, Mexico, Argentina, India, Britain, Brazil, Canada, Iran and Japan.

    Qatar is the smallest country to hold the World Cup, leaving many foreign fans worrying about prices and the availability of rooms.

  • Germany bans chipmaker’s sale to Chinese firm

    Fears have been growing in Europe's economic powerhouse about an over-reliance on Beijing, and letting critical infrastructure fall into the...

    Chinese company Sai MicroElectronics had been seeking to buy the Dortmund factory of Elmos through its Swedish subsidiary Silex.

    The German government had rejected the planned takeover because "the purchase could endanger the order and security of Germany.

  • Lebanon seeks to demarcate maritime border with Syria

    Lebanese security officials and politicians have made several visits to Syria in recent years, but almost exclusively in their personal...

    Syria, which once had a controlling hand in Lebanon's affairs, has repeatedly refused to delimit land and sea borders with its neighbor.

    Lebanon announced in late October that a delegation would travel to Damascus to discuss the issue, but the trip did not take place.

  • Biden’s upcoming foreign trip to focus on Climate, Ukraine, China

    Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.

    Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia

    The trip will begin two days after the US midterm elections which will determine whether Democrats keep their congressional majorities

  • Jordan sets up program to protect witnesses, whistleblowers

    Amman, Jordan— Funded by the Canada Fund for Local Initiatives (CFLI), Jordan has launched a program aimed at better protecting...

    MP Omar Ayasra emphasized the significance of providing witnesses and whistleblowers with protection during a ceremony held on Monday to launch the project

    Secretary-General Ibrahim Majali revealed that only 10 percent of incoming complaints are followed up, while 90 percent proved untrue thus far

  • Turkey says Greek governor detained due to technical error

    Istanbul, Turkey— A senior Greek official was detained in Turkey at the weekend because of what the Ankara government described as...

    Pro-government paper Daily Sabah said Governor Tzitzikostas had been mistaken for someone else of the same name

    The two countries, which have historically testy relations, have been engaged for months in a war of words, most notably over their air and sea borders, and immigration

  • Global stocks move higher as US voters cast ballots

    Global stock markets mostly moved higher as Americans headed to the polls in midterm polls. The dollar got back some...

    Investors are waiting on US inflation data due on Thursday for a pointer on the interest path ahead.

    The broader S&P 500 and tech-heavy Nasdaq wobbled around before moving higher.

  • Net zero claim not valid if companies invest in fossil fuels: Guterres

    Antonio Guterres said businesses as well as cities and regions should update their voluntary net zero pledges within a year...

    The UN expert panel, convened after UN climate talks in Glasgow last year, set its sights on drawing a "red line" around greenwashing in net zero targets from companies, cities.

    Firms would also not be able to continue activities that result in deforestation and still claim they are decarbonising, the panel said.

  • Jordan imported 405k barrels of Iraqi crude in October

    AMMAN, JORDAN - Jordan imported about 405,550 barrels of crude oil from Iraq in October, an average of 13,000 barrels...

    Jordan had imported roughly three million barrels of Iraqi crude from September 2021 to October 2022.

    The crude oil was transported by 11,565 Jordanian and Iraqi tanker trucks.