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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.
  • 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

  • Argentina requests arrest in Qatar of senior Iranian official

    Iran's vice president for economic affairs, Mohsen Rezai, is wanted by Argentinian special prosecutors for alleged participation in the planning...

    A diplomatic source told AFP that the foreign ministry had granted the special prosecutor's request after confirming Rezai's presence in the Gulf country

    Last January, the Argentine government voiced its anger at Rezai's presence during the inauguration of Nicaraguan President Daniel Ortega

  • Egypt court cuts sentence of Ismail Alexandrani, security expert

    Advocacy groups say there are currently about 60,000 political prisoners in the country, an issue that rights groups hope to...

    In 2018, Ismail Alexandrani was sentenced to 10 years in prison, accused of publishing military secrets and belonging to the banned Muslim Brotherhood

    Egypt, the Arab world's most populous country with 104 million residents, draws regular criticism over its rights record

  • Australia strikes down recognition of Jerusalem as Israeli capital

    Striking down the previous government's decision to recognize West Jerusalem as Israel's capital, Australia has said the city's status should...

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

    Palestinians claim the eastern part as the capital of a future Palestinian state

  • Morocco arrests 25 more migrants after June border tragedy

    The arrests are the latest after courts handed heavy prison sentences to several dozen people, many from Sudan, on charges...

    On June 24, some 2,000 mostly Sudanese migrants attempted to enter the enclave by force

    At least 23 people died in the attempt, the worst toll in years of such attempted crossings

  • US officials not invited to Saudi investment forum: organiser

    The organizer said he did not want the gathering "to become a political platform". The decision not to invite American...

    The Future Investment Initiative (FII), a three-day conference set to begin on Oct 25 in Riyadh, typically draws Wall Street titans and high-ranking officials from around the world

    Up to 400 American CEOs are expected to participate this year, said Richard Attias, CEO of the group behind the event. It is often referred to as "Davos in the Desert".

  • UAE, Chile ink pact to exchange knowledge on energy sector

    UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...

    Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.

    The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.

  • UAE calls Borrell’s ‘jungle’ remark as ‘racist and disappointing’

    "Borrell’s remarks are a disappointing development that comes at a time when all parties are aware of the importance of...

    Borrell said in a speech in Bruges, Belgium that “Europe is a garden, but most of the rest of the world is a jungle, and the jungle could invade the garden”.

    The UAE asked the Office of the High Representative to "provide a written explanation of the High Representative’s hurtful and discriminatory comments".

  • New Kuwaiti government sworn in after political crisis

    Kuwait's crown prince swore in a new government, less than a month after the emirate held parliamentary elections in which...

    The new government team, led by Prime Minister Sheikh Ahmed Nawaf al-Ahmed Al-Sabah comes after lawmakers objected to an initial line-up in early October.

    The new government will be tasked with dealing with "priority issues" such as development, investments and the fight against corruption.

  • Will immediately respond to new EU sanctions, says Iran

    Iran vowed an "immediate" response to the European Union as it prepares new sanctions on the Islamic republic after over...

    Iran will "decide and act immediately in accordance with the decisions and actions" taken by EU member countries.

    Iran has been rocked by demonstrations since the death of 22-year-old Amini and a crackdown on protesters.