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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.
  • Pope Francis first ever pontiff scheduled to visit Bahrain

    Francis will visit the capital of Manama and city of Awali during the November 3 to 6 trip. He will...

    The pontiff received Bahrain's King Hamad bin Isa al-Khalifa at the Vatican in 2014.

    He is likely to visit the cavernous Cathedral of Our Lady of Arabia, in Awali, which opened its doors last year.

  • Afghanistan to import petroleum products, wheat from Russia

    Taliban officials have maintained that they are looking to strike trade deals with the international community, and have so far...

    Russia is hit hard by unprecedented Western sanctions over its invasion of Ukraine, causing Moscow to push exports to Asian countries.

    The deal includes supplying Kabul with one million tons of gasoline, a million tons of diesel, 500,000 tons of liquefied petroleum gas.

  • EU proposes new sanctions on Russian exports

    The EU's executive proposed a new round of sanctions on Moscow over its latest "escalation" in Ukraine, including an oil...

    As part of the new round of sanctions the commission is laying out a 'legal basis' for a price cap on Russian oil

    It will also look to ban Russian exports worth $7 billion and tighten restrictions on goods flowing from the EU.

  • UAE, Japan sign comprehensive strategic partnership pact

    Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...

    The UAE-Japan strategic partnership agreement aims to bolster relations between the two countries to advance their common interests.

    The key areas of the partnership include diplomacy, enhancing international development, humanitarian aid efforts, business, trade, energy.

  • Russia wants US to say if it is behind Nord Stream gas leaks

    Russia has sought an explanation from US President Joe Biden on three reported gas leaks on the Nord Stream pipelines,...

    The spokeswoman said that Biden should answer the question of whether the US carried out its threat

    The Russian embassy in Denmark said in a statement Wednesday the leaks were an act of "sabotage against the energy security of Russia and Europe"

  • Bahrain and Japan resolve to boost ties in various fields

    The two leaders also agreed to explore opportunities that would aid the advancement of Bahrain and Japan’s strategic partnership in...

    The crown prince discussed the depth of Bahrain-Japan relations, emphasizing Bahrain’s commitment to strengthening bilateral relations between the two nations

    The two leaders discussed the latest regional and international economic developments, and issues of common interest

  • EU sees Nord Stream pipeline leaks as ‘deliberate act’

    Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response,...

    European Council President Charles Michel tweeted that Nord Stream sabotage acts appear to be an attempt to further destabilize energy supply to EU

    Sweden and Poland have already said sabotage was the most likely cause of the leaks from the pipelines in the Baltic Sea

  • Last three Turkish banks to drop Russia’s Mir bank cards

    The decision follows weeks of intensifying pressure from Washington for NATO member Turkey to limit its booming economic relations with...

    Two private Turkish lenders that began processing Mir after President Erdogan met Russian counterpart Vladimir Putin in August suspended the transactions early this month

    Mir cards offer millions of Russians that vacation in Turkey each year a way to access their rubles and pay for everything from restaurants to hotels

  • UAE president, Oman sultan discuss ties, collaboration

    Sheikh Mohamed discussed opportunities for building upon the growing economic ties between the UAE and Oman.

    Sheikh Mohamed discussed opportunities for building upon the growing economic ties between the UAE and Oman

    Their talks centred around the shared vision for a secure and stable region that promotes sustainable development and supports a thriving economy

  • UN calls on Iran to refrain from ‘disproportionate force’ against protests

    In a bilateral meeting last week during the UN General Assembly, Guterres "stressed to President Raisi the need to respect...

    We are increasingly concerned about reports of rising fatalities, including women and children, related to the protests, Dujarric said in a statement.

    Raisi on Saturday labelled the protests "riots" and urged decisive action against the opponents of the security and peace