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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, Indonesia to cooperate in energy sector

    UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and...

    The declaration was signed between the UAE Ministry of Energy and Infrastructure and the Indonesian Ministry of Energy and Mineral Resources.

    It was signed during a joint meeting between the two countries at the Abu Dhabi International Petroleum Exhibition Conference ‘ADIPEC 2022.

  • COP27 hot topic: Funding vulnerable nations to fight global warming

    Many emerging economies least to blame for the fossil-fuel gases that stoke global warming, are also among the most exposed...

    Wealthy nations have failed to provide all of the pledged $100 billion a year to developing nations, reaching just $83 billion in 2020.

    Only a part of that -- $29 bn -- was for adaptation, which the UN Environment Programme warned in a new report was five to 10 times below the estimated needs.

  • White House deletes tweet after Twitter users intervene

    Elon Musk, the world's richest person, who took ownership of Twitter last week, hailed the correction saying the feature that...

    The White House tweeted that it was "thanks to President Biden's leadership" that US pensioners had received the biggest benefit hike

    "The tweet was not complete," White House press secretary Karine Jean-Pierre said when asked about the deleted tweet

  • UAE president, Biden meet virtually to discuss energy transition

    The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.

    The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition

    UAE president briefed Biden on the UAE’s funding and assistance for clean energy projects on six continents

  • Lebanon says it has US ‘guarantees’ on Israel border deal if Netanyahu wins

    Hawkish former Israeli premier Netanyahu, who on Wednesday appeared on the cusp of returning to power, has staunchly opposed the...

    Israel and Lebanon struck a US-brokered sea border agreement last month that opens up lucrative offshore gas fields for the neighbours

    US President Joe Biden had hailed the "historic" deal, which comes as Western powers clamour to open up new energy production

  • Arab League voices ‘total support’ for Palestinians

    Member states affirmed in the summit's final declaration the "centrality of the Palestinian cause and our absolute support for the...

    The declaration came in the final statement of the first Arab League summit

    Palestinian president Mahmud Abbas had called for more support from the 22-state

  • Qatar authorities seize 144 counterfeit World Cup trophies

    The interior ministry of Qatar said officers launched an operation "acting on a piece of information about a website that...

    The Qatari ministry has released a photo showing the 144 life-sized trophies laid out across a floor and stated that "further legal procedures will be followed".

    In June, Qatar warned drivers for having illegal World Cup logo on car number plates, after special plates were sold in online auctions.

  • Palestinian President urges Arab support against Israeli ‘crimes’

    Abbas was addressing the first Arab League summit since the UAE normalized ties with the Jewish state in 2020, sparking...

    On Tuesday, summit host Algerian President Abdelmadjid Tebboune told the opening session that "our central and primary cause remains the Palestinian cause".

    The 22-state Arab League has for decades been a forum for strident statements of solidarity with the Palestinians, but has had little real impact in its 77 years of existence.

  • Middle East at risk of climate-induced food, water scarcity: Report

    Published only days ahead of the UN climate conference in Egypt, the report titled "Living on The Edge" said, by...

    According to the report, drought and water scarcity could impact crop yields in future decades, which will exacerbate reliance on food imports.

    Major oil exporters including the UAE and Saudi Arabia argue in favor of continued investment in fossil fuels to fund the transition to clean energy.

  • Facing criticism, Rishi Sunak reverses his decision to skip COP27 in Egypt

    A U-turn was hinted at on Tuesday when his spokesman said the decision was "under review" and after reports that...

    Sunak's original decision not to attend the gathering in the Red Sea resort of Sharm el-Sheikh drew the ire of environmental campaigners

    During his tenure, Johnson championed renewable energy as the key to a greener UK economy and its quest for net-zero carbon emissions by 2050