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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.
  • Qatar allows non vaccinated fans at FIFA World Cup

    But players and match officials may be forced into a secure "bio-bubble" if Covid-19 cases take off again, with the...

    The 29-day tournament will be the first major global sporting event with fans since the eruption in December 2019 of the Covid pandemic.

    All visitors aged over six will have to produce negative Covid-19 tests before taking flights to Qatar for the tournament that starts November 20.

  • Lebanon’s lawmakers fail to elect President

    Lebanon's parliament failed to elect a new president after a first round of voting amid deep divisions over a replacement...

    Christian politician Michel Moawad, son of former president Rene Moawad, emerged as the front-runner but his 36 votes fell well short of the 86 needed to win the first round.

    The session was attended by 122 of parliament's 128 members, of whom 66 cast blank ballots.

  • ‘Agri-tech, innovation key in improving farmers’ livelihoods’

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...

    Innovation and agri-tech has helped UAE to support smallholder farmers and enhance their contribution to food security.

    innovative agricultural methods are the building blocks of sustainable food systems, says UAE minister.

  • Dozens of aid groups urge Yemen ceasefire extension

    Ahead of the truce's current expiration date on Sunday, 44 aid agencies issued a joint statement to "remind all parties...

    The UN-brokered ceasefire, which took effect in April and has twice been renewed, has reduced casualties by 60 percent and quadrupled fuel imports into rebel-held Hodeida port.

    Renewed commercial flights from the capital Sanaa, seized by the Huthis in 2014, have allowed 21,000 Yemenis to access medical care.

  • UAE, Tanzania sign pact to avoid double taxation

    UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.

    The pact was signed as part of the UAE's endeavors to strengthen cooperation frameworks in tax matters.

    The agreement is in line with both countries’ efforts to boost cooperation in tax fields, increase investment opportunities, encourage trade exchange.

  • Dubai fifth globally in UN digital city governance survey 2022

    Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...

    The latest Local Online Service Index assessed digital governments in major cities across 193 countries.

    Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.

  • Protest-hit Iran launches strikes that kill 13 in Iraqi Kurdistan

    The September 16 death of Kurdish Iranian woman Mahsa Amini, 22, while in the custody of Iran's morality police has...

    Iran state television said the Guards had "targeted several headquarters of separatist terrorists in northern Iraq with precision missiles and destructive drones."

    The United States said it "strongly condemns" Iran's "brazen attacks" and warned against further strikes, said State Department spokesman Ned Price

  • Fourth leak detected at Nord Stream pipelines in Baltic Sea

    A Swedish Coast Guard official said that there are two leaks on the Swedish side and two leaks on the...

    Media reported that the latest leak was detected at the Nord Stream 2 pipeline, but the coast guard did not confirm this

    The vast leaks cause significant bubbling at the surface of the sea several hundred meters wide, making it impossible to immediately inspect the structures

  • EU proposes new Russia sanctions including oil price cap

    European Union also plans to expand its travel blacklist and asset freezes to include high-ranking Russian defense officials and organizers...

    The EU will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU that could help Russia's war machine

    The push for an oil price cap is aimed at limiting how much third countries, such as China and India, pay for Russian crude

  • Saudi Crown Prince meets minister of defense, commanders

    Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development...

    Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development program

    Defence minister Prince Khalid bin Salman bin Abdulaziz affirmed the ministry will continue to implement the development programs drawn up by the Crown Prince