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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 chancellor to visit Saudi seeking energy support

    Scholz, whose two-day trip next weekend will also take him to Qatar and the United Arab Emirates, becomes the latest...

    On Sunday, Scholz will meet with UAE President Sheikh Mohamed bin Zayed Al-Nahyan, and in the afternoon will hold talks with Qatari Emir Sheikh Tamim bin Hamad Al Thani.

    German Economy Minister Robert Habeck already visited Qatar and the UAE in March in an effort to find alternatives to Russian gas,

  • Iran President seeks US guarantees to renew nuclear deal

    "We cannot trust the Americans because of the behavior that we have already seen from them. That is why if...

    EU foreign policy chief Josep Borrell told AFP last week that negotiations to bring Iran back into the deal are stalemated, after proposals from the parties "were converging".

    Three years later, Donald Trump pulled out and reimposed sweeping sanctions. President Joe Biden supports a return but Iran's call for guarantees has become a sticking point.

  • Iran takes battle of frozen US assets before UN’s top court

    Iran wants billions of dollars in US assets to be unfrozen and returned to it, while the US says money...

    The case before the International Court of Justice comes as hopes fade of reviving a landmark deal which former US president Donald Trump withdrew from in 2018

    In 2008, US announced that it was pulling out of the Treaty of Amity after the ICJ in a separate case ordered Washington to lift sanctions on Iran

  • Fossil fuel reserves contain 3.5tn tonnes of CO2: database

    The global registry, Containing more than 50,000 fields across 89 countries, it found that some countries on their own held...

    UN's annual Production Gap assessment last year found that governments plan to burn more than twice the fossil fuels by 2030 that would be consistent with a 1.5C world

    The most potent source of emissions is the Ghawar oil field in Saudi Arabia, which churns out some 525 million tons of carbon emissions each year

  • Britain and the world say farewell to Queen Elizabeth II

    The longest-serving monarch in British history, Queen Elizabeth II, is laid to rest on Monday, after a grand state funeral...

    She died aged 96 at Balmoral, her Scottish Highland retreat, on September 8 after a year of declining health

    The queen's eldest son and successor, King Charles III, 73, will lead mourners, alongside his three siblings and his heir, Prince William

  • Turkey attacks Syria army outpost, kills three

    Turkey struck back in northern Syria after its forces were shelled from near Kobane in the latest deadly escalation that...

    Last month, the Syrian government said it would respond to direct attacks by Turkey against its forces

    Turkey has launched a series of cross-border offensives targeting Kurdish forces and the Islamic State group since 2016

  • DEWA CEO briefs Utah House of Representatives delegation

    MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified...

    Speaker of Utah House of Representatives Brad Wilson led the delegation to the UAE.

    The delegation want to learn about DEWA’s innovative development projects in the water, renewable and clean energy sectors.

  • Dented plaque, newsreel: Queen’s legacy in Aden

    Queen Elizabeth II visited Aden in 1954. The war-torn Yemeni city's troubles are a reminder of Britain's complicated legacy in...

    The plaque, scratched and dented and inscribed in English and Arabic, testifies that the queen, then 28, laid the foundation stone for the Al-Joumhouria hospital on April 27, 1954,

    Some signs of British rule remain, including "Little Ben", a smaller version of London's Big Ben tower in black brick with a red-tiled roof, its clock long stopped.

  • King to host world leaders as UK counts down to queen’s funeral

    After witnessing the sombre scene in parliament's Westminster Hall, Biden, Japan's Emperor Naruhito and other world leaders were due to...

    Britain holds a minute's silence at 8:00 pm (1900 GMT) on Sunday to reflect on the "life and legacy" of the queen ahead of her funeral

    Leaders from Russia, Afghanistan, Myanmar, Syria and North Korea were not invited to join the 2,000 guests

  • IAEA says Ukraine nuclear plant reconnected to national grid

    Days after it was cut off from external power, raising the risk of an accident, Ukraine's nuclear plant is receiving...

    Since being cut off from the grid, the station was relying on its own power supplies to operate essential safety mechanism

    Zaporizhzhia was seized by Russian troops in March and shelling around the facility raised fears of nuclear disasters ever since