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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.
  • 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

  • UAE to provide Ukraine with $100m in humanitarian aid

    Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian...

    Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian impact of the Ukraine crisis

    Al Hashimy added that the UAE has provided similar aid in recent months to Ukrainian refugees in Poland and Moldova

  • Russia not planning to end military mobilization ‘yet’, says Kremlin

    MOSCOW, RUSSIA - President Vladimir Putin does not plan to end a military mobilization in Russia "yet" but some of...

    "For the moment, there is no presidential decree (on ending mobilization)," Putin's spokesman Dmitry Peskov said.

    Vladimir Putin announced a nationwide military call-up to prop up Moscow's forces in Ukraine on September 21

  • Abu Dhabi, Bangladesh to enhance trade, economic ties

    The Abu Dhabi Department of Economic Development (ADDED), and Bangladesh Embassy in Abu Dhabi, have organized the Economic Cooperation Forum...

    Abu Dhabi and Bangladesh bilateral trade and mutual investments are on the rise.

    The Emirate and Bangladesh have organized the Economic Cooperation Forum to enhance mutual investment opportunities.

  • Iraq judge quizzes five tax officials over missing $2.5 billion

    Local media published a tax authority document showing the funds were withdrawn between September 2021 and August this year, transferred...

    The Baghdad judge summoned five tax office officials, including the director-general, his deputy and a supervisor at the finance and control department.

    Rafidain Bank said in a statement Sunday that it had cashed the cheques on the basis of official correspondence from the tax authority assuring their validity.

  • Nord Stream probe tailored against Russia, says Kremlin

    The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored'...

    Russia has accused Western countries of being behind the explosions of the pipelines.

    Russia had earlier expressed bewilderment over its exclusion from an investigation into the incident.

  • Israel riled as Australia stops recognising Jerusalem as its capital

    Lapid described the move as a "hasty response", adding that Israel can only hope that the Australian government manages other...

    In 2018, a conservative government led by Scott Morrison followed then US president Donald Trump's lead in naming west Jerusalem as the Israeli capital.

    Jerusalem is claimed by both Israelis and Palestinians, and most foreign governments avoid formally declaring it the capital of any state.

  • US warns of sanctions over Iran drone ties after Kyiv strikes

    State Department spokesman Vedant Patel told reporters that Russia deepening an alliance with Iran is something the whole world, especially...

    Secretary of State Antony Blinken said the drone strikes showed the need to provide "everything possible" to Ukraine as its forces gain ground against Russian invaders

    US officials have previously said that Russia, historically a major arms exporter, is also turning to North Korea while China has rebuffed calls for assistance

  • Arab world rallies around Saudi Arabia over oil cut decision

    Rallying behind Saudi Arabia, several Arab states have voiced their support for Saudi Arabia in the face of harsh criticism...

    The UAE said that the OPEC+ decision was vote-based collective

    Toeing the UAE’s line, Bahrain has expressed solidarity with Saudi Arabia, rejecting statements pushing towards politicizing OPEC+ decision on oil production cuts

  • Visa-free travel between UAE, Japan starting Nov 1

    Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of...

    Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work

    The UAE is Japan's tenth largest trading partner in the world and is home to more than 340 Japanese companies operating in various sectors