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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

Saudi Arabia vows to defend Yemen’s “security and stability”

    • The kingdom backs efforts to reach a comprehensive political solution to end the crisis in the war-scarred country

    • It reiterated its commitment to help the government in Yemen

     

    Saudi Arabia has said that while it endorses all efforts at reaching a political settlement to end the crisis in Yemen, it, however, has repeated again its resolve to defend Yemen’s security and stability.

    The kingdom supports efforts to reach a comprehensive political solution to end the crisis, urging “all parties to accept political solutions to unite ranks among all components of the Yemeni spectrum,” the Saudi Press Agency reported, adding that the kingdom supports the legitimate government in that country.

    Representatives of the Yemeni government and the Southern Transitional Council met in the Saudi capital on Thursday to discuss the implementation of an agreement to resolve their differences in a peaceful manner.
    The Kingdom reminded the two sides about the urgency of sticking to the agreement in order to unite the various segments of Yemeni society to prevent bloodshed and achieve security and stability.

    Both sides had earlier signed what is known as the Riyadh Initiative, which obliges all parties to accept political solutions and end the violence that erupted in 2019.

    At the cabinet session, chaired by King Salman on Tuesday, Saudi Arabia also condemned continued attempts by the Iranian-backed Houthi militia to target civilians and civilian objects, in violation of the Stockholm Agreement, by launching hostile attacks from Hodeidah Governorate.

    Yemen’s Information Minister Muammar Al-Eryani said on Monday that the Houthi militants have been taking advantage of the 2018 Stockholm Agreement with the Yemeni government to further their terror activities in the conflict-ridden country.

    The militia’s “use of the (Red Sea) ports of Hodeidah Alsalif, Ras Esa to prepare bomb-laden, remotely controlled boats confirms that Houthis have used the Stockholm Agreement to serve their terror activities,” Al-Eryani said, according to state news agency SABA.