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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.
  • Sanctioned Iran general tells EU to ‘buy coal’ with assets

    The EU's 27 member states have been squabbling for months over measures to lower energy bills as winter nears.

    Ukraine war has pushed energy prices skywards, with Russia withholding gas deliveries to most of Europe in reaction to Western sanctions

    Bagheri called the imposition of EU sanctions a "mistake" similar to those the United States made when it sanctioned him in 2019

  • UAE-Bahrain non-oil trade surges to $6.5bn in 2021

    The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.

    The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries

    He highlighted the importance of intensifying cooperation between the government and private sectors of the two countries

  • Iran signs contract with Russia to supply it with 40 turbines

    Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid...

    Iran did not specify when the contract was signed, and when the turbines are due to be delivered

    Russia and Iran hold some of the world's largest gas reserves, and are both under strict US sanctions

  • Boris Johnson drops out of race for UK PM

    Declaring an end to his bid for the UK top job, former UK PM Boris Johnson said that he had...

    Tories have been forced into a second leadership contest since the summer following Truss's resignation after only 44 disastrous days into her tenure

    Sunak had raced ahead in the count for Tory MPs' support, drawing backing from across the parliamentary party and crossing the minimum threshold Friday

  • Arab League welcomes UN report on Israeli conduct in Palestinian territories

    Welcoming the report brought out by the UN Independent International Commission of Inquiry, the Arab League has praised the efforts...

    The report documented in detail Israeli policies and procedures that form crimes as per the International Criminal Law

    The Arab League said the contents of the report are an important addition to the series of positions and reports issued by the UN and human rights international institutions

  • Gulf nations add momentum to Asianization of global economy

    Following the US withdrawal from Afghanistan, many experts believe that Washington is shifting its attention and resources to the "priority...

    The Gulf countries rely heavily on assistance from Asia, particularly China, to modernise their economies and diversify away from oil

    GCC's position in supporting Russia in its conflict with Ukraine, Europe, and the US, have raised many problems, but nowhere more so than in Asia

  • DTC Abu Dhabi-UNESCO study on pandemic impact ‘useful’ in plugging gaps

    Abu Dhabi, UAE - The Culture Summit Abu Dhabi began in the UAE capital with discussions on the impact of...

    Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, said, “If an issue happens in Brazil or Iraq or Syria, it affects us as well."

    The Culture Summit brings together the public, private, government and academic sector to find such practical policies on the ground.

  • Iran’s nuclear agency says its subsidiary’s email server hacked

    A group called Black Reward on Friday issued an ultimatum on Twitter, threatening to release documents on Tehran's nuclear programme...

    Iran has been gripped by weeks-long demonstrations sparked by the death of 22-year-old Amini on Sept. 16 after her arrest for allegedly violating the country's dress code.

    The street violence has led to dozens of deaths, mostly among protesters but also among the security forces, and hundreds of demonstrators have been arrested.

  • Russia holds talk with UK, France, Turkey on Ukraine war

    In all three calls, Russian defense minister Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a...

    Russian defense minister Sergei Shoigu held a phone call with the defense ministers of UK, Turkey and France

    In all three calls, Shoigu conveyed "concerns about possible provocations by Ukraine with the use of a 'dirty bomb'".

  • Saudi Crown Prince launches program to make KSA investment hub

    Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...

    GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.

    It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.