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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.
  • 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

  • Mass funerals after Israeli raids on West Bank militants kill six

    The Palestinian health ministry said five people were killed in Nablus in the northern West Bank, where Israel confirmed an...

    Israeli Prime Minister Yair Lapid said that "the head" of the Lions' Den, was among those killed

    US Secretary of State Antony Blinken said the US had "real concern" over the West Bank violence

  • Libya signs two defense deals with Turkey

    Libya has signed two defense deals with Turkey, building on a 2019 agreement that had seen the latter claim large...

    The latest deals come three weeks after Turkey's Foreign Minister Mevlut Cavusoglu signed a deal in Tripoli allowing for oil and gas exploration in Libya

    The agreement was rejected by a rival administration in the war-torn country's east, as well as neighboring Egypt

  • Gulf war couldn’t have been won without Kingdom’s support, says Saudi Energy Minister

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...

    Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat at FII Forum in Riyadh

    Saudi Arabia has a lot to showcase in terms of Green initiatives at COP27, he said, adding that the Kingdom will announce several new projects in the field of energy

  • Saudi Arabia key place for solutions to global supply chain issues, says investment minister Khalid Al Falih

    Saudi Investment Minister was speaking at the Sixth Edition of the Future Investment Initiative, hailed as 'Davos in the Desert',...

    George Osborne, Former First Secretary of State, UK said the US and China need to find a way to work together in order to make the world a better place.

    Some rules and policies that came into existence post WW II are not fair to many Asian and African nations, said Senegal's president Macky Sall.

  • GCC, S. Korea begin sixth round of talks on free trade agreement

    SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...

    GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.

    The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.

  • Amnesty urges ICC probe of possible Gaza war crimes

    The International Criminal Court has opened an investigation into the Israeli-Palestinian conflict, expected to focus in part on possible war...

    Thirty-one civilians were among the 49 Palestinians killed in the Israeli-blockaded Gaza Strip during the three-day conflict, the global rights group said in a new report

    The London-based organization pressed the ICC to "urgently investigate any apparent war crimes committed during the August 2022 Israeli offensive" in the Palestinian enclave

  • More than 300 put on trial in Iran, 4 could face death penalty

    Tehran prosecutor Ali Salehi said that indictments have been issued for 315 people on charges of "congregating and colluding with...

    Iran witnessed a wave of protests over the death of 22-year-old Amini on Sept. 16 after her arrest by the morality police for violating the country's dress code.

    The judiciary had previously announced on October 12 that more than 100 people had been charged in Tehran province and Hormozgan province over the unrest.

  • Lebanese lawmakers fail to pick President for fourth time

    Already governed by a caretaker cabinet, crisis-hit Lebanon is hurtling towards an imminent power vacuum, with just days before the...

    A total of 50 lawmakers in Lebanon's 128-seat parliament left their votes blank, many from the Iran-backed Hezbollah.

    Parliament speaker Nabih Berri called for another vote on Thursday in the hope of overcoming long-running arguments.