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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.
  • Biden has ‘no plans’ to meet Saudi Crown Prince at G20 summit: US

    Stormy US-Saudi relations have seen new strain over Riyadh's recent support for oil production cuts, with Biden warning of unspecified...

    The move was widely seen as a diplomatic slap in the face, since Biden traveled to Saudi Arabia in July and met with the crown prince.

    The Biden administration has voiced openness to retaliatory measures in Congress by enraged Democrats,. Saudis defended the move as motivated purely by economics.

  • Saudi Arabia and S. Africa to deepen ties in several fields

    The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...

    An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President

    The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.

  • Iran says situation ‘under control’ after ‘trouble’ at prison

    Tehran, Iran - "Troubles" erupted between inmates and guards at Tehran's Evin prison and a fire broke out but the situation...

    "Troubles and clashes took place on Saturday night" in the prison and "rioters" started a fire, local news agency said

    At least eight people were injured, but "the situation is currently completely under control," said the security source.

  • GCC and UK hold first round of talks on Free Trade Agreement

    The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...

    The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.

    More than 100 British negotiators representing different sides of the British government participated in the round.

  • Dubai records 65% decline in crime reports during Q3

    Dubai, UAE—Dubai Police has recorded a 65 percent drop in the number of criminal reports during the third quarter of...

    The statistics were revealed during the quarterly appraisal meeting of the General Department of Criminal Investigations (CID)

    Lt. Gen. Al Marri, head of Dubai Police, commended the efforts made by the dedicated officers and employees of the CID to apprehend the perpetrators of crimes

  • Tunisian protestors demand president’s resignation

    Demanding his resignation, tens of thousand of demonstrators in Tunis denounced a power grab by President Kais Saied, chanting "Down,...

    Ali Laarayedh, Tunisia's former prime minister and a senior Ennahdha official, told AFP that the protest was an expression of "anger at the state of affairs under Kais Saied"

    In public remarks, Saied has argued he was working to "correct" economic troubles he had inherited from Tunisia's post-Ben Ali leadership

  • Oil depot hit and on fire in Russia’s Belgorod, says governor

    An oil depot in Russia's Belgorod region bordering Ukraine is on fire after being shelled, the governor said, as strikes...

    One of the shells hit the oil depot in the Belgorod region, regional governor Vyacheslav Gladkov said.

    State-run news agency TASS cited a source in the emergency services saying the burning depot was located in the village of Razumnoye-71

  • WFP calls for action to avoid another year of record hunger

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today...

    The UAE has launched the Agriculture Innovation Mission for Climate (AIM for Climate) in partnership with the US.

    The objective is to raise investments worth US$8 billion in sustainable and climate-smart agrifood systems based on modern technologies.

  • Moqtada Sadr’s group refuses to join new government in Iraq

    Iraqi firebrand cleric Moqtada Sadr's movement announced its refusal to join a new government being formed by prime minister-designate Mohammad Shia...

    The announcement of not joining the government came two days after lawmakers elected Abdul Latif Rashid as Iraq's new president.

    Snap elections were held last year in Iraq following nationwide protests that erupted in October 2019.

  • Iran refutes allegations of providing weapons to Russia

    Iran has rejected allegations that it has supplied Russia with weapons "to be used in the war in Ukraine", its...

    Kyiv and many of its Western allies have accused Moscow of using Iranian-made drones in attacks on Ukraine in recent weeks.

    On Monday, Ukrainian President Volodymyr Zelensky said Iranian drones were used in Russian attacks on energy infrastructure.