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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.
  • EU to support Iraq in boosting economic activity in five sectors

    The European Union has shown interest to be part of the process of decentralization in Iraq and in this regard...

    The European Union confirmed its endeavor to achieve the decentralization file in Iraq, while revealing a program that enhances the activity of 5 sectors

    The EU officiaI said Iraq has lots of oil wealth, and on the other hand, people in all provinces were not provided with the service that should be provided by their provinces

  • US warns Russia of ‘castastrophic’ consequences of nuclear strike

    Russia and the United States are the world's largest nuclear weapons powers, but separate from the threats of planetary destruction,...

    Secretary of State Antony Blinken, in an interview broadcast Sunday, confirmed reports that the United States has sent private warnings to Russia to steer clear of nuclear war

    No country has used nuclear weapons on the battlefield except the United States in 1945, when it destroyed the Japanese cities of Hiroshima and Nagasaki

  • Is Iran eyeing military dictatorship after Khamenei?

    The country's clerical regime could slide towards a military dictatorship with IRGC holding the absolute sway, says Ali Alfoneh of...

    The country's clerical regime could slide toward a military dictatorship with IRGC holding the absolute sway, says Ali Alfoneh of Arab Gulf Institute in Washington

    Alfoneh also does not believe the regime will make any concessions to the protesters and expects a brutal crackdown in the coming days and weeks

  • Iran vows decisive action on wave of women led protests

    Hundreds of demonstrators, reformist activists and journalists have been arrested amid the mostly night-time demonstrations that have spread to scores...

    The warning by the head of the Judiciary, Gholamhossein Mohseni Ejei, came after nine nights of protests and street clashes.

    The judiciary chief has "emphasized the need for decisive action without leniency" against the core instigators of the "riots".

  • Global Islamic Refugee Fund launched, seeks to raise $400m

    The funds are scheduled to be deposited in a trust account to finance programs as per the needs of refugees...

    The fund consists of an endowment account and a non-endowment account, to receive and invest donations per the principles of Islamic finance.

    Islamic Solidarity Fund for Development contributed $50 million to endowment account, and UNHCR contributed $50 million to non-endowment account.

  • Jordan PM meets Iraqi, Syrian, Lebanese agriculture ministers

    Jordan Prime Minister Dr. Bisher Khasawneh has a joint meeting with the agriculture ministers of Iraq, Syria and Lebanon.

    The Jordan PM stressed the importance of the four countries' cooperation to enhance sustainable food security.

    The PM said COVID-19 pandemic and Ukraine war have affected basic commodities supply chains.

  • UAE delegation attend meetings on sidelines of UNGA session

    The UAE delegation attended the sixth day of high-level meetings on the sidelines of the 77th Session of the United...

    The meetings included a ministerial-level interaction with the Non-Aligned Movement.

    It also included meeting with the African Union.

  • Freed Moroccan prisoner of war speaks of Ukraine struggle

    A Moroccan prisoner of war released as part of an exchange between Moscow and Kyiv said he wanted to draw...

    Saadoun was freed on Wednesday, one of 10 foreign prisoners of war - including five British and two American citizens.

    He transferred to Saudi Arabia as part of the exchange between Moscow and Kyiv.

  • UAE to provide Germany gas, diesel under ‘energy security’ deal

    As part of the deal, the UAE will provide "an LNG cargo for delivery in late 2022, to be used...

    The fact that we are dependent on one supplier and also dependent on its decisions will certainly not happen to us again, Scholz said.

    In Qatar, the last stop on his two-day Gulf tour, the chancellor said the emirate's rights record is improving.

  • Foreign mothers struggle in KSA for custody of children

    Out of 150,000 marriages registered in 2020 in Saudi Arabia, some 4,500 were unions involving a Saudi and a foreigner,...

    This month Ms Morris received a summons from Saudi prosecutors indicating she was under investigation for "disturbing public order"

    US embassy in Riyadh said it was following Morris's case "very closely" and was "in regular contact with Ms Morris and in touch with the Saudi government"