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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.
  • We are helping Lebanon to deal with economic challenges: Blinken

    The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues.

    The United States Secretary of State Antony Blinken said the US is supporting Lebanon through its incredibly challenging economic issues

    Prime minister Mikati thanked Blinken for his support and the opportunity to talk about Lebanon’s problems.

  • Iran’s President Ebrahim Raisi faces lawsuit in US for his role as judge

    Iran's President Ebrahim Raisi is the target of the complaint for his role as a judge in the 1980s when...

    Kylie Moore-Gilbert, an Australian-British academic imprisoned in Iran from September 2018 to November 2020 for espionage

    In August in New York a civil lawsuit filed by a separate exile group challenged US authorities to take action against Raisi ahead of his UN appearance

  • Pentagon denies link to fake social media accounts

    After a Washington Post report revealed that Facebook and Twitter have shut down a number of fake accounts suspected to...

    Pentagon spokesman cautioned against assuming that the Defense Department was behind the accounts, leaving it possible that another government agency was involved

    The Washington Post noted a report last month by Graphika and the Stanford Internet Observatory on pro-Western covert influence operations

  • Israeli, Turkish leaders meet as tensions ease

    Turkish President Recep Tayyip Erdogan and Israeli prime minister Yair Lapid met on the sidelines of the United Nations General...

    The Israeli leader also raised concerns about arch-enemy Iran and "thanked President Erdogan for intelligence cooperation," his office said

    In his address to the UN General Assembly, Erdogan renewed calls for the establishment of a Palestinian state with East Jerusalem as its capital

  • UAE, France, India share vision on sustainable growth: Sheikh Abdullah

    New York, USA - UAE, France and India have discussed the need for enhancing global cooperation to counter energy and...

    Foreign ministers of the three countries reviewed it as they met on the sidelines of UNGA's 77th session.

    The three ministers discussed enhancing global cooperation in facing issues like energy and food security.

  • Turkey calls for ‘dignified way out’ of Ukraine crisis

    Turkish President Recep Tayyip Erdogan called for a "dignified way out" of the seven-month crisis sparked by Russia's invasion of...

    Erdogan has been using his good working relations with both Moscow and Kyiv to try and find a diplomatic solution to the war.

    Erdogan delivered his address hours after four Moscow-held regions of Ukraine announced plans to vote in the coming days on annexation by Russia.

  • Putin accuses European Union of blocking Russian fertilizer

    Putin accused the European Union of blocking 300,000 tons of Russian fertilizer from reaching the world's poorest countries. "Our offer......

    In July, an agreement was signed which allowed Russia to export its agricultural products and fertilizer despite Western sanctions.

    The West imposed a litany of sanctions on Russia after it sent troops into Ukraine on February 24.

  • Aramco says global energy transition goals unrealistic

    Oil giant Saudi Aramco's chief blasted "unrealistic" energy transition plans, calling for a "new global energy consensus", including ramped-up investments...

    Aramco unveiled record profits of US$48.4 billion in Q2 of 2022 after Russia's invasion of Ukraine and a post-pandemic surge in demand sent crude prices soaring.

    One of the reasons for energy crisis is declining oil and gas investments, the Aramco chief said.

  • Palestinian Authority raid sparks West Bank clashes

    A rare operation by the Palestinian Authority security forces to arrest a Hamas member sparked clashes in the West Bank...

    Unrest persisted through the morning, with hundreds of youths hurling rocks at Palestinian Authority armored vehicles.

    Palestinian president Mahmud Abbas's forces maintain security ties with Israel, PA raids targeting Hamas members are not common.

  • Elon Musk intends to bring satellite internet to Iran

    Musk had initially announced that the Starlink satellite internet service had been made available on every continent "including Antarctica" with...

    Iranian-born science journalist Erfan Kasraie had said on Twitter that bringing the service to Iran could be a "real game changer for the future" of the country

    Launched at the end of 2020, Starlink offers high-speed broadband service to customers in areas poorly served by fixed and mobile terrestrial networks