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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.
  • Restoring banned Twitter accounts may take some weeks: Elon Musk

    Twitter users have been watching closely to see whether Musk will reinstate Trump, banned for inciting last year's attack on...

    Since Musk takeover on Twitter, Trump has suggested that he would be sticking with his own Truth Social messaging platform rather than going back to Twitter.

    The new Twitter boss said he had talked to civil society leaders about how Twitter will continue to combat hate and harassment and enforce its election integrity policies.

  • Calls for WC worker compensation fund a publicity stunt: Qatar

    Human rights groups accuse Qatar of under-reporting deaths. The government strongly disputes reports that thousands have died on construction site...

    Qatar's Labor Minister said 420,000 workers have switched jobs and $320 m has been paid out this year alone to workers who had lost wages.

    The minister said he was discussing making the ILO's office in Doha permanent, and that Qatar wants to host an annual dialogue on protecting migrant workers.

  • Saudi Arabia, Egypt discuss renewable energy cooperation

    The two ministers also talked about the progress in the electrical interconnection efforts.

    The two ministers also talked about the progress in the electrical interconnection efforts

    They also discussed ways to improve cooperation between their specialized businesses

  • New Iraq PM sacks senior officials days after confidence vote

    Seeking to consolidate his position, Iraq's Prime Minister Mohammed Shia al-Sudani has sacked several senior officials appointed by his predecessor,...

    The officials dismissed were not identified, but a government source told AFP that intelligence chief Raed Jouhi was among them

    Iraq is ranked 157 out of 180 in Transparency International's corruption perceptions index

  • Abu Dhabi, Kyrgyzistan’s Bishkek City sign twinning agreement

    Abu Dhabi, represented by Abu Dhabi's Department of Municipalities and Transport, and Bishkek City have signed a twinning agreement to...

    As part of the city twinning agreement, the two capital cities will enable mutual exchange between delegations and the business community.

    The pact will also facilitate exchange of knowledge in urban planning and explore the feasibility of joint venture projects.

  • Egypt president invites incoming Brazilian president Lula to COP27

    Luiz Inacio Lula da Silva's victory over climate-skeptic Jair Bolsonaro has raised hopes for the battle against global warming. Election...

    More than 90 heads of state and government -- including US President Joe Biden -- are set to converge on the Egyptian resort town between November 6 and 18.

    Climate scientists and environmentalists have repeatedly noted that the outcome of last week's Brazilian election would have huge stakes for the planet.

  • UAE Minister, IMF Director discuss challenges facing MENA

    UAE Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met with Director of the Middle East and Central...

    The minister underscored the importance of the IMF in enhancing the safety of the global economy.

    He said that the IMF helps in creating a stable financial environment, especially in light of the exceptional circumstances the world is facing.

  • ENEC, Atlantic Council sign three-year nuclear cooperation pact

    Abu Dhabi, UAE--- The Emirates Nuclear Energy Corporation (ENEC) has signed a three-year agreement with the Atlantic Council to collaborate...

    The Atlantic Council is a US-based think tank, and home to the Global Energy Centre, one of the leading US energy centers for promoting energy security.

    The collaboration will see ENEC and the Atlantic Council join forces to support the Council’s new Nuclear Energy Policy Initiative.

  • Global stocks rise on Fed optimism, zero-Covid China policy reports

    Global stock markets rose as traders looked to the US Federal Reserve's interest rate decision hoping it will signal a...

    Recent reports have suggested officials are looking to dial down the pace of increases, which has sparked a rally in risk assets over the past week.

    Positive results from multinational firms also helped lift equities.

  • JAHEZIYA, Enekom ink pact

    Pact aims to expand railway solutions, technology in region.

    As per the agreement, JAHEZIYA will be Enekom’s exclusive distributor of the patented RailAcoustic Sensors in the GCC to enhance railway security.

    The partnership was announced during ADIPEC, an exhibition in which the world’s energy ecosystem assemble.