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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.

US sanctions Hezbollah-affiliated international network

The Israeli strike killed seven IRGC members including Brigadier General Mohammad Reza Zahedi.
  • The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are designated under Executive Order 13224.”
  • The statement added that “these financial facilitators have helped terrorist Hezbollah obtain funds through networks of companies that disguise themselves as legitimate businesses”

The US Department of Treasury on Friday designated Hezbollah-affiliated financial facilitator Adnan Ayad, as well as members of an international network of facilitators and companies affiliated with him and with Adel Diab, Ayad’s business partner and fellow financier. 

Diab was designated on January 18 of this year.

The Department announced in a statement that “Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are designated under Executive Order 13224, as amended, which targets terrorists, leaders, and officials of terrorist groups, and those providing support to terrorists or acts of terrorism, among others.”

The statement continued: “These financial facilitators have helped terrorist Hezbollah obtain funds through networks of companies that disguise themselves as legitimate businesses. The sanctions evasion efforts of those designated today are a stark example of how Hezbollah abuses the international financial system to fund its acts of terrorism and illicit activities.”

The statement further said that “The United States of America is committed to disrupting terrorist Hezbollah’s illicit activity, including attempts to evade sanctions through business networks. Hezbollah’s actions threaten the security, stability, and sovereignty of the Lebanese people.”