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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.
  • Lebanon fails to pick President for third time

    The political deadlock has hit efforts to form a new government since the outgoing cabinet's mandate expired in May, despite...

    Parliament speaker Nabih Berri called for another vote on Monday in the hope of overcoming long-running discord between political factions.

    A total of 119 lawmakers from Lebanon's 128-seat parliament attended the session, but quorum was lost before a second round could be held.

  • EU to sanction 4 for supplying Iranian drones to Russia

    The EU has agreed sanctions against three individuals and one entity supplying Iranian drones to Russia that have been used...

    After 3 days of talks, EU ambassadors agreed on measures against entities supplying Iranian drones that hit Ukraine, said the EU.

    Ukraine accused Russia of using four Iranian-made drones to bomb Kyiv Monday and said its air defenses have shot down 223 drones

  • Crypto scams give law enforcement agencies tough time

    US federal agencies have often concentrated on headline-grabbing suspects like Heather Morgan, an amateur rapper nicknamed "Razzlekhan" who was charged...

    With Washington and Brussels focused on high-value targets, victims of low-level fraud are often left high and dry

    If decentralized crypto networks revolutionize finance, US politicians would no longer be able to project power in the way they do now with dollar

  • Pandas stir up excitement in Qatar, month before start of World Cup

    A gift from the Chinese government to mark the World Cup, crowds of children and reporters watched as the four-year-old...

    Suhail, who weighs 130 kilograms (286 pounds), and his female partner, who is 70 kilos (154 pounds), must undergo 21 days quarantine following their arrival along with two keepers

    Qatar is the 20th country to be given pandas outside China and Taiwan

  • Iran sanctions British organisations and individuals

    Iran has been rocked by protests since the 22-year-old died on September 16, three days after she was arrested by...

    Among the seven institutions listed are Britain's National Cyber Security Centre and the GCHQ.

    Tehran said their actions have "led to riots, violence and terrorist acts against the Iranian nation."

  • EU seeks new sanctions on Iran for drones supply to Russia

    The hardening EU stance towards Tehran appeared to bury deeper hopes of reviving a 2015 Iran nuclear deal, which has...

    EU diplomats said there was work under way on Wednesday to draw up a list of Iranian individuals and entities linked to the drones.

    Ukraine has for weeks been accusing Iran of supplying Russia with Shahed-136 drones -- unmanned aircraft equipped with a warhead.

  • Iran to criminalise sale of VPNs amid protests: Telecom Minister

    The Islamic republic has imposed drastic restrictions on internet access as it grapples with demonstrations that flared over the death...

    Iranian media outlets reported last year that lawmakers were working on a draft bill that could further restrict internet access.

    The bill calls for "organizing social media" and the banning of VPN software used widely to bypass internet restrictions and blocks imposed on social media platforms.

  • Biden to release 15m barrels from US oil reserves: official

    The decision to make the biggest-ever dip into the emergency oil reserves -- usually kept for responding to situations such...

    New tranche of oil from the Strategic Petroleum Reserve will be "completing the 180 million barrel release authorized in the spring," in response to price hikes

    Major energy exporter Russia was hit with US and European sanctions soon after it invaded Ukraine in February, causing turmoil on markets

  • Hamas in first Syria visit in decade as relations thaw

    Hamas, which controls the Gaza Strip, was one of Assad's closest allies but left Syria in 2012 after condemning his...

    A Hamas leader told AFP the group plans to reopen its Damascus office but that it was "too early" to talk about relocating its headquarters to the Syrian capital

    The thaw between Hamas and Damascus was brokered by Tehran and Lebanese militant group Hezbollah, a senior Hamas source said

  • Iran says ready for talks with Ukraine over drone claims

    Terming the Ukrainian and Western claims that its military drone are being used by Russia in attacks on Ukraine as...

    Earlier Tuesday, Ukraine's Foreign Minister Dmytro Kuleba said he had suggested to President Volodymyr Zelenksy that Kyiv cut diplomatic ties with Iran

    The United States warned Monday it would take action against companies and nations working with Iran's drone program