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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.
  • Visits, talks boost GCC-Asia trade ties

    Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is...

    China sees the Gulf countries as natural partners in implementing its Belt and Road initiative

    Relying on Asia is a positive strategy that exposes GCC economies to strong countries like China, India, and others

  • Xi in control at China Congress, as ex-president Hu Jintao removed

    Chinese President Xi Jinping locked in support for a historic third term in power at the Communist Party's Congress, but...

    The meeting of around 2,300 party delegates was meticulously choreographed.

    Xi is certain to be unveiled as general secretary after the first meeting of the new Central Committee.

  • Iran says US wants nuclear concessions by backing protests

    TEHRAN, IRAN - Iran on Saturday accused the United States of seeking to gain concessions in nuclear talks aimed at...

    Iran has been rocked by demonstrations that flared over the death of the 22-year-old Amini on September 16

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

  • New Russian strikes cuts Ukraine’s power supplies

    Energy restrictions were "forcibly applied" in several regions, including the capital Kyiv and its surrounding region, Ukrenergo said. In western...

    Russian forces rained over 80 missiles on cities across Ukraine on October 10, according to officials in Kyiv

    The attack was in retaliation for an explosion that damaged a key bridge linking the Crimean peninsula to Russia.

  • Saudi energy minister holds talks with counterparts in India

    Prince Abdulaziz is also the Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council.

    Prince Abdulaziz is also the Chairman of the Ministerial Committee for Economy and Investment in the Saudi-Indian Strategic Partnership Council

    Saudi minister said the visit will further enhance the strategic partnership between the two countries and enable them to explore further opportunities for cooperation

  • Inflation, debt-ridden economy to hem in Italy’s new government

    Inflation was up 8.9 percent on the year in September, fuelled by rising prices of food (up 11.4 percent) and...

    Italy has a colossal debt of more than 2.7 trillion euros, around 150 per cent of its GDP, the highest ratio in the eurozone after Greece

    Matteo Salvini, leader of the far-right League party and one of Meloni's government allies, has been pushing for more spending to help businesses for months

  • Western powers call for UN probe of Iran drones in Ukraine

    Several Western countries are calling for an "impartial" investigation into Iranian drones they say Russia is using in the war...

    French ambassador to the UN Nicolas de Riviere called on Iran "to immediately cease all forms of support to Russia's aggression on Ukraine"

    Iran strongly rejected the drone allegations at the United Nations earlier in the week

  • Turkey says warned France about Lafarge support of terror groups

    Turkish President Recep Tayyip Erdogan said Friday he warned France about the cement company Lafarge's ties to terror groups in...

    Lafarge pleaded guilty in a US court Tuesday to paying millions of dollars to the Islamic State group and other jihadists in war-torn Syria between 2013 and 2014

    Lafarge now faces the possibility of the introduction of evidence from the US prosecution into a separate French case over similar charges

  • Syria shoots down Israeli missiles over Damascus

    Tensions escalated again in the Middle East, when Syria shot down missiles over Damascus fired by Israel, the first such...

    The British-based Syrian Observatory for Human Rights said the strikes targeted Syrian military sites near Damascus International Airport

    Israeli airstrikes have targeted Aleppo airport in August and September

  • Yemen rebels stage attack on southern oil port in first after truce

    The conflict erupted in 2014 when the Huthis seized the capital Sanaa, prompting the Saudi-led coalition to intervene the following...

    The attack was carried out by two drones but did not lead to casualties or damage, the Yemeni government said

    Hadramaut governor Mubarak Mabkhout said in a statement that two drones exploded in waters near a ship