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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.
  • German bakeries struggle to survive as costs spiral

    Germany's center-left government has announced relief measures worth almost 100 billion euros to tackle inflation, but small businesses have so...

    The war has sent energy prices spiraling across Europe, but especially in Germany, which was previously heavily dependent on Russian gas

    Many bakeries in Germany have already gone under as a result of recent cost increases, with others staging protests to demand urgent help from the government

  • Lebanon migrant ship death toll rises to 94

    The toll has repeatedly ratcheted higher since the first bodies were found on Thursday. The United Nations High Commissioner for...

    At least 14 survivors were recovering in hospitals in Syria, while six others were discharged

    Since 2020, Lebanon has seen a spike in the number of migrants using its shores to attempt the perilous crossing in jam-packed boats to reach Europe

  • Reformers call for an end to Iran’s mandatory dress code

    Calling for an end to the mandatory Islamic dress code for women in force since 1983, the Union of Islamic...

    Under the law adopted in 1983, all women, regardless of faith or nationality, must conceal their hair with a headscarf in public

    According to official figures at least 35 people have been killed and hundreds wounded in the protests that erupted after Amini's death

  • UAE, Russia review bilateral relations, strategic ties

    The UAE foreign minister noted both the countries support each other to achieve sustainable economic growth and enhance the prosperity...

    Sheikh Abdullah discussed Ukraine crisis with Lavrov and promised full support to efforts aimed at finding a peaceful solution to the conflict.

    The two also discussed issues of common concern including energy and food markets and the importance of their stability to the global economy.

  • UAE, UN Women discuss gender equality, empowerment

    NEW YORK, US - UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan discussed enhancing the prospects of women empowerment...

    Both sides reviewed UAE’s efforts in areas of women’s empowerment across all segments of society.

    The two also discussed the critical role of women in conflict prevention, resolution and peacebuilding

  • Russia stiffens penalty for surrender, replaces general

    Moscow replaced its top logistics general after setbacks as Kremlin-held regions of eastern and southern Ukraine voted for a second...

    The voting on whether Russia should annex four regions of Ukraine has dramatically raised the stakes.

    Russia's partial mobilization will likely be one of his first big logistical challenges with hundreds of thousands of reservists needing to be trained before deployment.

  • UAE delegation attends meetings on sidelines of UNGA session

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

    Khalifa Shaheen Al Marar, Minister of State, participated in a meeting organized by the US with the GCC and Egypt, Iraq, Jordan and Yemen.

    Omar Saif Ghobash, Assistant Minister for Culture and Public Diplomacy, met Frederick Mitchell, Minister for Foreign Affairs of the Bahamas.

  • German Chancellor in Saudi Arabia on energy hunt

    German Chancellor Olaf Scholz arrived in Saudi Arabia at the start of a two-day Gulf tour, in the hope of...

    Germany wants to extend cooperation on new technologies such as green hydrogen produced using renewable energy.

    Germany hopes to agree new energy partnerships with the oil-and gas-rich Gulf states, with the loss of supplies from Russia in the wake of the invasion of Ukraine.

  • Dubai emerges as a driving force for a green economy

    Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the...

    Dubai had launched an in-depth study that showed how the Emirate can achieve carbon neutrality (net zero emissions) by 2050.

    The Dubai Net Zero Carbon Emissions Strategy 2050 aim to provide 100 percent energy from clean energy sources by 2050.

  • What could happen if Putin used nuclear weapons in Ukraine?

    "Those who are trying to blackmail us with nuclear weapons should know that the wind can also turn in their...

    Analysts say Moscow would likely deploy one or more "tactical" or battlefield nuclear bombs

    These are small weapons, ranging from 0.3 kilotons to 100 kilotons of explosive power