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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.
  • 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

  • Spain says new gas pipeline may take 7 years to build

    A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to...

    France, Spain and Portugal announced that they had agreed to build the maritime pipeline.

    The underwater pipeline - dubbed BarMar - would initially be used for natural gas but, over time, more and more for hydrogen.

  • Tunisia intercepts more than 800 migrants in one night

    Authorities also said they had detained 48 people, including six already wanted for allegedly "joining a gang in order to...

    More than 23,500 migrants of various nationalities were intercepted off Tunisia between January and September, according to the FTDES rights group which tracks migration issues.

    While many of those making the trip are escaping war or poverty further south, a long-running economic crisis is also pushing growing numbers of Tunisians to attempt the journey.

  • Thousands join Hungary teacher rebellion over ‘humiliating’ pay

    With supermarket cashiers paid more than most teachers, thousands have joined the protests since the beginning of September, with human...

    Hungary is already in the grip of a chronic teacher shortage, with few young people joining the profession and 40 percent of teachers aged over 50.

    According to the EU, the centralised management of schools also leaves school directors with limited autonomy to improve teaching quality, further eroding morale.

  • CARACAL signs ‘Make in India’ partnership with ICOMM

    The agreement was signed during DEFEXPO 2022, the Land, Naval and Homeland Security Systems Exhibition, which is being held in...

    The agreement was signed during DEFEXPO 2022, the Land, Naval and Homeland Security Systems Exhibition, which is being held in Gandhinagar, Gujarat

    CARACAL and ICOMM will partner in the development of a full portfolio of locally manufactured small arms for the Indian market, as well as for international export

  • Shortest-serving PM in history leaves scars on the economy

    The crisis-hit PM, elected Conservative leader just six weeks ago on a tax-slashing platform, announced her resignation Thursday. Her budget,...

    The measures triggered a loss of confidence on markets, sparking the downfall of the 47-year-old Oxford-born politician

    Investors also felt the budget splurge was in opposition to the BoE's recent interest rate hikes which sought to bring down runaway inflation

  • Morocco blasts S.Africa’s ‘agitation’ of Western Sahara dispute

    The Polisario Front is campaigning for an independent state in the Western Sahara, a vast stretch of phosphate-rich desert that...

    The international community has long backed a referendum to be held to decide the territory's status

    The dynamics of the conflict changed in 2020 when then US president Donald Trump recognised Moroccan sovereignty over the region

  • UK Prime Minister Truss quits, Tories vow new leader next week

    She became the shortest-lived premier in UK history. The Conservative party vowed a rapid election to have a new leader...

    Truss admitted she "cannot deliver the mandate" on which she was elected, bowing to the inevitable after her right-wing platform of tax cuts disintegrated.

    Labour leader Keir Starmer, whose opposition party has surged in opinion polls on the back of Truss's short, eventful tenure, demanded a general election "now".