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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.
  • Israel PM claims Lebanon ‘recognizes’ Israel in sea border deal

    Jerusalem, Undefined—Prime Minister Yair Lapid on Thursday claimed Israel's foe Lebanon de-facto "recognizes" the Jewish state, due to a sea border...

    The premier was speaking at the opening of a cabinet meeting convened to formally approve the deal, hours ahead of the expected signing by the two parties

    Washington has played a key role in mediating the lengthy negotiations between Israel and Lebanon, who remain technically still at war

  • Arab-Israeli banker talks up Saudi market at investor forum

    Samer Haj-Yehia, the Arab-Israeli chairman of Bank Leumi since 2019, was addressing the Future Investment Initiative, a three-day conference held...

    "You see the economy is very healthy, unlike other economies around the world, and the prospects for the future are very positive," he said.

    His comments follow rampant speculation about future bilateral ties between Saudi Arabia and Israel, which US officials stoked ahead of Joe Biden's visit to Jeddah in July.

  • UAE tops list of foreign direct investors in Egypt: Egyptian PM

    The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently...

    The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions

    Egypt eyes the effective participation of UAE investors under the umbrella of the State Ownership Policy Document, Egyptian PM Madbouly said

  • Fifteen dead in attack on Shiite shrine in Iran

    At least 15 people were killed Wednesday in an attack on a key Shiite Muslim shrine in southern Iran, state...

    Local judiciary chief Kazem Mousavi told state television that "only one terrorist was involved in this attack."

    Iranian media published images and video footage showing bloodied bodies covered in cloth lying inside the shrine

  • Israel targets multiple positions in strikes on Damascus

    Continuing with its belligerence toward Syria, Israel attacked many positions near Damascus in the early hours of Thursday, in the...

    According to Syria, its air defense intercepted several missiles, but the ministry did not provide details on targets

    While Israel rarely comments on the strikes it carries out on Syria, it has repeatedly said it will not allow its archfoe Iran to gain a foothold there

  • Iran retaliates to European Union sanctions over protest crackdown

    Iran's foreign ministry announced in a statement sanctions against eight institutions and 12 individuals based in the EU for "supporting...

    Street violence has rocked Iran since Amini's death on September 16, three days after she was arrested by the morality police.

    The EU on October 17 imposed sanctions against the morality police and 11 officials including Iran's telecommunications minister.

  • Gas production starts at Karish field day before expected Israel-Lebanon deal

    Jerusalem---Gas production has started at Karish, an offshore field at the centre of a maritime border deal between Israel and...

    The announcement comes a day before Lebanon and Israel are expected to sign their maritime deal, following lengthy negotiations mediated by Washington.

    Energy assets were fiercely contested in the talks, with Israel ultimately securing full rights over Karish as part of the accord.

  • Saudi PIF to establish five companies for investments in five Arab countries

    The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...

    The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.

    The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.

  • Aramco chief at FII6: World needs realistic, optimal energy transition plan

    "The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...

    Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.

    Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.

  • Israel shares intel with US on Iran drones in Ukraine

    Calling for tough action against Iran, president of Israel has shared intelligence with the United State to prove that Tehran...

    Antony Blinken said he would speak to Herzog about "the real concern that we have about the violence that we're seeing on the West Bank"

    Israel has not been willing to provide Ukraine with the Iron Dome, its state-of-the-art defensive air umbrella developed with the United States