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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.
  • Egypt looks to regain its glorious past

    As Cairo gears up to open "the largest archaeological museum in the world," Egypt's former antiquities minister Zahi Hawass said...

    The stele has been housed in the British Museum since 1802, inscribed with the legend "Captured in Egypt by the British Army in 1801"

    No official requests for the treasures' return have been received "from the Egyptian government", according to the three European museums

  • US again approves most aid to Egypt despite rights concerns

    President Joe Biden's administration on Wednesday approved most military aid to Egypt for a second straight year despite concerns on...

    Some of Biden's political allies have pressed for a wider cutoff of aid to Egypt, which rights groups estimate is holding more than 60,000 prisoners of conscience

    Senator Chris Murphy, a Democrat, scoffed at the idea that Egypt was making progress and earlier this week called on the administration to withhold more funds

  • UAE delegation, led by Abdullah bin Zayed, in Tel Aviv to discuss ways to boost ties

    Sheikh Abdullah is travelling with a high-level UAE delegation on his visit, which will span several days and marks two...
  • Covid pandemic end in sight, seize this opportunity: WHO

    Newly reported cases of the disease, which has killed millions since being identified in late 2019, last week fell to...

    WHO is urging countries to invest in vaccinating 100 percent of the most at-risk groups, and to keep up testing and sequencing for the virus.

    A WHO study based on excess mortality seen in various countries during the pandemic estimated that up to 17 million people may have died in 2020 and 2021.

  • Air India Express plane evacuated after engine fire in Oman

    Footage aired by Omani TV showed smoke billowing from the plane, which had been taxiing for departure for Kochi in...

    The airline said there was no fire warning in the cockpit and the smoke was spotted by another aircraft.

    Arun Kumar, head of the Indian Directorate General of Civil Aviation, told AFP that "appropriate action" would be taken over the incident.

  • Lebanese woman robs bank to ‘pay for ill sister’s’ treatment

    It was just the latest in a string of heists as Lebanese depositors, whose savings have been trapped in banks...

    Sali Hafiz streamed a live video of her raid, in which she could be heard yelling at employees to release a sum of money while entrances to the bank were sealed.

    She instantly turned into a folk hero on social media in Lebanon, where many are desperate to access their savings and furious at a banking sector perceived as a corrupt cartel.

  • European Union plans to cut soaring gas, electricity prices

    In the EU's electricity market, the price is based on the last source used to meet demand -- often a...

    Wholesale energy prices thus soared together when the war in Ukraine sent the cost of gas skyrocketing.

    Commission chief Ursula von der Leyen said the levy, or cap, would raise at least $140 billion. The commission wants to reduce monthly consumption by 10 percent.

  • Iran wants closer ties with UAE: foreign minister

    Iran is keen to broaden its relations with the UAE, six years after the diplomatic tussle between Iran and other...

    In 2020, the UAE established diplomatic relations with Israel, a move which Tehran condemned

    Abu Dhabi has been pursuing a policy of rapprochement with former regional rivals including Qatar, Turkey and Iran

  • Israel confirms talks on temporary Qatar office for World Cup

    Israel has not qualified for the tournament which begins in November, but has announced a deal that will allow its...

    Qatar does not recognise Israel and supports Hamas, the Palestinian Islamist group that controls Gaza and has fought four wars with Israel since 2008

    Israel, which maintains a blockade on Gaza, engages with Doha to grant permissions for the distribution of Qatari aid in the Palestinian coastal enclave

  • Lying in state is an old UK tradition

    It is an honor usually accorded to sovereigns and sometimes former prime ministers. Since 1910, when King Edward VII lay...

    On top will be the Imperial State Crown with the orb and sceptre representing spiritual and temporal power

    Queen Elizabeth, the Queen Mother, who died on 30 March, 2002, lay in state in Westminster Hall before her funeral