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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.
  • UAE FM meets Israeli Finance Minister, discusses economic cooperation

    Sheikh Abdullah said that the UAE and Israel, since the signing of the Abraham Accords Peace Agreement, have established a...

    Sheikh Abdullah said that the UAE and Israel, since the signing of the Abraham Accords Peace Agreement, have established a model for constructive cooperation

    Lieberman welcomed the visit of Sheikh Abdullah and his accompanying delegation, stressing the importance of this visit in strengthening bilateral relations

  • Israel attacks Damascus, kills five Syrian soldiers

    Five Syrian soldiers were killed in an Israeli airstrike near Damascus airport, according to Syrian state media. The Syrian Observatory...

    The monitor said Israel targeted sites where Iran-backed groups are stationed near Damascus airport and in the Damascus countryside

    Israel has carried out hundreds of strikes against its northern neighbour, targeting government troops as well as allied Iran-backed forces and Hezbollah fighters

  • Abdullah bin Zayed meets Benjamin Netanyahu

    UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Israeli Opposition Leader and former...

    With the signing of the Abraham Accords Peace Agreement in 2020, relations between Israel and the UAE have improved.

    The UAE top diplomat met with the former Israeli premier as part of his current official visit to the Israel..

  • South Korea to enhance ties with hi-tech firms in Middle East

    South Korea wants to strengthen its relations with the Middle East with a focus on high-tech industries, according to Seoul’s...

    The focused hi-tech industries in the Middle East are energy, hydrogen, artificial intelligence and health.

    The South Korean Foreign Minister said that they are trying to upgrade their ties with all the countries.

  • GCC-India ink MoU for consultations mechanism

    India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the "mechanism of consultations"...

    The MoU was signed between India’s Minister for External Affairs Dr. S Jaishankar, and the GCC Secretary-General Dr. Nayef Falah Mubarak Al-Hajraf.

    India’s Ministry of External Affairs said, "both sides reviewed bilateral relations and discussed ways to enhance them"

  • UAE participates in G20 Finance Track’s Infrastructure meeting

    UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...

    The members of the Infrastructure Working Group deliberated the progress made on scaling up sustainable infrastructure investments.

    The IWG also discussed means of promoting private sector investment in sustainable infrastructure.

  • Dubai appeals non-extradition of Briton accused of tax fraud

    Dubai's attorney general will appeal against a court's refusal to extradite a British national wanted over an alleged 1.7 billion...

    Hedge fund trader Sanjay Shah was arrested in Dubai in June, but the emirate's Court of Appeal last week rejected Denmark's extradition request.

    The appeal by Chancellor Essam Issa Al Humaidan, Dubai's attorney general, will be heard in the Dubai Court of Cassation.

  • Israel preparing to connect to gas field disputed by Lebanon

    Israeli energy ministry's announcement comes less than 10 days after Energean announced it was "on track to deliver (the) first...

    The United States has mediated the dispute, which escalated in early June when Energean brought a production vessel into the field.

    Last Friday, US mediator Amos Hochstein noted "progress" in the talks, but said that "still more work needs to be done."

  • Germany seizes Rosneft’s subsidiaries

    Berlin took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted...

    The seizures come as Germany is scrambling to wean itself off its dependence on Russian fossil fuels.

    Move covers the companies Rosneft Deutschland GmbH and RN Refining & Marketing GmbH and their corresponding stakes in three refineries: PCK Schwedt, MiRo and Bayernoil.

  • Xi urges more ‘political trust’ with Turkey in Erdogan meeting

    Xi and Erdogan met on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan. Turkey is a...

    Xi also pushed for more cooperation on his signature Belt and Road global trade initiative

    Xi also met Russian President Vladimir Putin and Iran's Ebrahim Raisi at the regional security summit