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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.
  • Houthi rebels warn Yemen truce at “dead end”

    A day before the UN-mediated truce is to expire, Houthi rebels have warned that the ceasefire in Yemen is at...

    US ambassador to Yemen Steven Fagin said in a tweet on Saturday that he was "concerned about the lack of progress" in talks to extend the truce

    He appealed to both the groups not to throw away the progress of the last six months and to extend and expand the truce

  • World Bank declares $530mn aid for Ukraine’s ‘urgent needs’

    "The toll of destruction, damage, and dislocation in Ukraine is staggering and continues to grow," Anna Bjerde, the bank's regional...

    The new funding came on the same day Russian President Putin formally announced the annexation of four Moscow-held areas of Ukraine.

    The bank said it had already mobilized almost $13 billion in emergency funding for Ukraine, $11 billion of which had already been disbursed.

  • ‘Nord Stream 2 pipeline has stopped leaking gas’

    The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between...

    While the pipelines are not currently in operation, they both still contained gas before they fell victim to apparent sabotage, producing four leaks.

    All the leaks are in the Baltic Sea off the Danish island of Bornholm.

  • Russia suspends gas supply to Italy due to transport issues

    SOFIA, BULGARIA - Russia's Gazprom has suspended gas deliveries to Italy's Eni, blaming a transport problem in Austria, the Italian...

    Most of Russian gas delivered to Italy passes via Ukraine through Trans Austria Gas Pipeline (TAG), to Tarvisio in northern Italy

    Before the war in Ukraine, Italy imported 95 percent of the gas it consumes -- about 45 percent of which came from Russia.

  • Lebanon receives US ‘offer’ over Israel maritime border

    Lebanon said it received a letter from US envoy Amos Hochstein containing an "offer" on a maritime border deal with...

    PM Najib Mikati met with US ambassador to Lebanon Dorothy Shea "who delivered a written offer from the US mediator"

    The US-mediated negotiations restarted in early June after Israel moved a production vessel near the Karish offshore field

  • ‘Worry and fear’: Incessant Israeli drones heighten Gaza anxiety

    The "sound of drones flying above my family and friends stops the games, the chatting and the laughter", Palestinian poet...

    Unmanned surveillance aircraft have become an integral part of Israel's 15-year-old blockade of the impoverished enclave

    Each month, Israel uses drones above Gaza for 4,000 flying hours, the equivalent of deploying five of the unmanned aircraft permanently in the sky

  • Iran gunbattles leave 19 dead, including colonel

    While Iran is struggling to contain rising wave of protests over the death of Kurdish woman Mahsa Amini in morality...

    Sistan-Baluchistan, which borders Afghanistan and Pakistan, is a flashpoint for clashes with drug smuggling gangs, as well as rebels from the Baluchi minority

    State media reported that security forces had returned fire when a police station in the provincial capital Zahedan came under attack by gunmen

  • Morocco court toughens migrants’ sentences over border tragedy

    The Spanish enclaves of Melilla and Ceuta have long been a magnet for people fleeing violence and poverty across Africa...

    The migrants, from Sudan and Chad, had been arrested after some 2,000 people, stormed the frontier with the Spanish enclave of Melilla

    Rights groups have accused border guards on both sides of responding with excessive force, leaving at least 23 migrants dead

  • Large turnout of visitors at WETEX, Dubai Solar Show

    The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...

    A total of 1,750 companies from 55 countries worldwide participated in the exhibition.

    Latest global solutions, technologies, innovations in energy, water, sustainability, renewable and clean energy were highlighted in the event.

  • Opposition wins majority in Kuwait Parliament elections

    Winning 28 of the 50 seats in the fresh election to parliament, opposition candidates in Kuwait have ousted 20 former...

    Shiite candidates won nine seats, while Salafists, Muslim Brotherhood members and independents -- took eight

    Two candidates won from prison, a first for Kuwait, after they were charged with participating in illegal by-elections