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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.
  • UAE, Russia discuss ways to bolster medical collaboration

    DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways...

    The two sides discussed ways to encourage more Russian companies to transfer some of their production lines to the UAE.

    The two sides discussed exchange of medical expertise and ways to expand partnerships in the pharmaceutical sector between UAE and Russia.

  • UN urges Egypt to release hunger-striking dissident Abdel Fattah

    Abdel Fattah, 40, was a major figure in the 2011 revolt that toppled longtime president Hosni Mubarak. After a seven-month...

    British Prime Minister Rishi Sunak and French President Emmanuel Macron met with Egyptian President Abdel Fattah al-Sisi and upped the pressure for his release.

    Activists at COP27 have also been posting prolifically on Twitter under the hashtag #FreeAlaa.

  • UAE-India manpower technical panel discuss collaboration

    DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration...

    Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers.

    The UAE delegation presented key insights on its job market, which is one of the preferred global destinations for work.

  • Sweden seeks Turkish approval for its NATO membership

    Despite the change in stance in Stockholm, some analysts believe Turkey's presidential and parliamentary elections in June 2023 could delay...

    NATO Secretary General Jens Stoltenberg sought last week to strengthen the new applicants' hand by personally travelling to Ankara to argue their case

    Turkey, which seeks to maintain good relations with both Ukraine and Russia, has refrained from joining Western sanctions on Moscow

  • Paris Agreement key to achieve sustainable development goals: Middle East Green Summit

    The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets...

    The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets through MoUs and agreements

    It also supports efforts to reduce emissions in the Middle East region and beyond by signing bilateral and multilateral agreements and MOUs in the field of clean energy

  • Food prices declined in October, says Jordan trade minister

    AMMAN, JORDAN - Jordan Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali said Monday that food...

    The minister attributed the decline to falling oil prices and its impact on production and transport costs.

    He said that the fall in the prices of food is also due to measures taken by the government.

  • COP27: $1.4 bn climate grant for Africa, S. Asia farmers

    A COP27 announcement said the Bill and Melinda Gates Foundation grant, distributed over four years, is earmarked for scaling up...

    Organizations representing some 350m farmers warned Monday global food security is at risk unless governments finance small-scale production.

    Agriculture forms the backbone of many African economies, employing on average over 50 percent of the labour force.

  • ‘UAE President’s speech at COP27 outlined vision for climate action’

    SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that...

    UAE Minister of Industry said effective climate action accelerates opportunities for sustainable economic and social development.

    The minister said that the President's speech emphasized that continuity and perseverance are at the core of the UAE’s strategy.

  • WTO urges countries to lift green trade barriers

    The World Trade Organization urged countries to abolish trade barriers in environmental goods and services to help fight climate change....

    Trade is a force for good for climate and part of the solution for achieving a low-carbon, resilient and just transition, the WTO said.

    Reducing tariffs and non-tariff measures on energy-related environmental goods could increase exports of these products by five percent by 2030, the WTO said.

  • World leaders gather for climate talks under cloud of crises

    At the opening ceremony on Sunday, COP27 officials urged governments to keep up efforts to combat climate change despite soaring...

    "The fear is other priorities take precedence. The fear is that we lose another day, another week, another month, another year," UN official Simon Stiell said.

    Nearly 100 heads of state and government began to arrive for the summit, with the notable absence of Chinese leader Xi Jinping, whose country is the world's top emitter of gases.