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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.
  • After Israel, Lebanon eyes Cyprus maritime border deal

    Cyprus, which has aspirations of becoming a major energy player in the eastern Mediterranean, has a key exclusive economic zone,...

    In 2007, Lebanon and Cyprus signed an agreement to delineate their respective exclusive economic zones

    Neighbours Israel and Lebanon signed on Thursday a US-brokered agreement removing hurdles for natural gas production

  • Qatar summons German ambassador over minister’s comments

    Taking a serious note of German Interior Minister's comments casting doubt on whether the Gulf state should host the football...

    Faeser, in an interview with the ARD network aired Thursday, said that Qatar's hosting of the World Cup next month was "very tricky" for Germany

    This is the first time a foreign ambassador has been summoned over such comments

  • DFSA signs agreement with Bangladesh SEC

    DUBAI, UAE - The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with the Bangladesh Securities...

    The MoU was signed by Chief Executive of the DFSA Ian Johnston and Chairman of the BSEC Professor Shibli Rubayat Ul Islam Friday in Dubai.

    The agreement provides a framework for facilitating cross-border collaboration between the two bodies on supervision and enforcement actions.

  • GCC’s two biggest trade allies are Asians

    As the US is apparently pulling away from the Middle East, the cooperation between the Gulf and Asian regions is...

    Experts believe the US is pulling back from the Middle East and shifting its attention and resources to the "priority theatre" of the Indo-Pacific.

    But as the world recovers from the Covid-19 pandemic, the GCC countries are expected to play a more significant role in the ongoing Asianization of the global economy.

  • OMV Q3 net profit at $3.28bn amid high energy prices

    Revenue doubled year-on-year to US$17.1 billion.

    OMV has worked closely with Russian giant Gazprom until the invasion of Ukraine.

    Following European sanctions on Moscow, OMV froze its investments in Russia.

  • China’s President Xi expected to visit Saudi Arabia: Saudi FM

    Prince Faisal bin Farhan hailed the "historical and solid relationship" between the major oil exporter and Beijing after talks with...

    The potential visit comes at a time of strained ties between Saudi Arabia and long-standing ally the United States

    Xi visited Saudi Arabia in January 2016, the year before Prince Mohammed was named as heir to the throne, ushering in a period of reform

  • Iraq parliament approves new government after year of deadlock

    Prime Minister Mohammed Shia al-Sudani's 21-member cabinet is expected to face myriad challenges. The oil-rich but war-ravaged country is plagued...

    Sudani, 52, was chosen to form the new government on October 13 following months of infighting between key Shiite Muslim factions

    The movement of firebrand cleric Moqtada, Sudani's rival in Iraq's majority Shiite camp, refused to join the government

  • Netanyahu eyes return to power as Israel votes yet again

    Lapid sails into the November 1 election just days after a diplomatic breakthrough -- finalising a landmark maritime border deal...

    The longest-serving leader in Israeli history, the 73-year-old right-winger and security hawk is for the first time in years campaigning from the opposition

    He is up against the centrist caretaker Prime Minister Yair Lapid, who last year manoeuvred a motley alliance of eight parties into a coalition

  • Israel, Lebanon strike ‘historic’ maritime border deal

    UN chief Antonio Guterres said he "strongly" believed the deal can promote stability in the region and create "enhanced prosperity...

    The agreement was signed separately by Lebanon's President Michel Aoun in Beirut and by Israel's Prime Minister Yair Lapid in Jerusalem

    US President Joe Biden hailed the "historic" deal, that comes as Western powers clamour to open up new energy production and reduce dependence on Russia

  • UAE President, Austrian Chancellor discuss bilateral relations

    UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...

    Leaders of UAE and Austria affirmed their interest in strengthening bilateral relations, especially in technology, energy, innovation and food security.

    The two leaders underscored the importance of taking action to ease tension and promote dialogue to resolve crises with humanitarian, economic and food security implications.