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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.
  • Jordan to host 2022 OSCE Mediterranean Conference

    AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...

    The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.

    These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.

  • Mohammad bin Salman to visit India on way to Indonesia for G-20 summit

    The visit is expected to last a few hours on Nov 14, and the Saudi Crown Prince and the Indian...

    Besides reviewing bilateral projects, the two leaders are also expected to discuss the progress on the Crown Prince’s promised $100-billion investment in India, the report said.

    Doctors meanwhile advised the Crown Prince not to travel to Algiers for an upcoming summit, the Algerian presidency said Sunday.

  • Israeli court clears way for Lebanon maritime border deal

    Jerusalem, Undefined—Israel's Supreme Court on Sunday paved the way for the signing of a maritime border deal with Lebanon, after it...

    Israel and Lebanon, who are technically at war, agreed to terms earlier this month on a US-brokered deal to demarcate their disputed maritime border

    Under the deal, Israel has full rights over the Karish gas field, which is expected to start gas production within weeks

  • S. Korea, Arab nations to hold new round of FTA talks

    SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...

    South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement.

    Goods and services trading, country of origin, digital trade and intellectual property rights will be discussed.

  • Xi secures historic third term as China’s leader

    Sunday's announcements came after a week-long Congress of 2,300 hand-picked party delegates during which they endorsed Xi's "core position" in...

    Communist Party elected Xi as its general secretary for another five-year term, bringing the country back toward one-man rule after decades of power-sharing among its elite

    On Saturday the delegates elected the Central Committee of around 200 senior party officials, who on Sunday chose the 24-person Politburo and the Standing Committee

  • Growing ‘Davos in the Desert’ a sign of Saudi clout

    The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter,...

    This year's FII, often referred to as "Davos in the Desert", comes after a months-long process of re-engagement with the West by Prince Mohammed

    This year, however, US officials were not invited, something Attias said reflected a broader push to keep the focus on business leaders rather than politicians

  • Saudi minister calls for road map to enhance OIC “media action”

    Riyadh, Saudi Arabia— Saudi Media Minister Majid Al-Qasabi has called for developing a trust-based road map with clear mechanisms to...

    The minister was speaking at the 12th session of the Islamic Conference of Information Ministers of the Organization of Islamic Cooperation in Istanbul

    OIC Secretary-General Hissein Brahim Taha addressed the opening session of the conference, held under the theme of “Combating Disinformation and Islamophobia in the Post-Truth Era"

  • Qatar pressed on safety of women travelling to World Cup

    Five women are suing Qatar Airways and the state-run Qatar Civil Aviation Authority after they were removed from flights for...

    According to papers filed with an Australian federal court earlier this month, the five women were between 31 and 73 years old at the time of Doha airport incident

    Facing potentially devastating commercial and reputational damage, Qatar has repeatedly vowed to guarantee the future "safety and security" of passengers

  • UK’s Johnson, Sunak meet amid race for Tory leadership

    Weeks after leaving office, former prime minister Boris Johnson, who returned from a Caribbean holiday, aimed to launch an audacious...

    Johnson's apparent bid to reclaim power has already been decried by opposition politicians, and even some in his own fractured ruling party who are demanding stability and unity

    Tory MP James Duddridge, a key Johnson ally who confirmed Friday the ex-leader was intent on standing, said Saturday that he had now secured the support of 100 colleagues

  • Iran says “riots” over Mahsa Amini’s death in “final days”

    With dozens dead in demonstrations all across the country during the last several weeks, Iran now says that "riots" over...

    The street violence has led to dozens of deaths, mostly among protesters but also among the security forces

    State media characterized the unrest as attacks by "extremists" on police stations