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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.

44 migrants drown in boat capsize off Morocco’s coast

Morocco is a key transit point on routes taken by migrants hoping for better lives on European shores.
  • Bodies of five women and two babies were brought ashore but the rest were still missing.
  • They were among 61 migrants who boarded a boat heading for Spain’s Canary Islands.

At least 44 migrants, including women and infants, drowned this week off Morocco’s coast as they tried to reach Spain, migrant aid agency Caminando Fronteras has said.

Quoting relatives of the victims, it said the bodies of five women and two babies were brought ashore but the rest were still missing.

“Tragedy. At least 44 victims drowned off the coast of Tarfaya (southern Morocco),” the aid agency’s Helena Maleno tweeted on Saturday.

They were among 61 migrants who boarded a boat heading for Spain’s Canary Islands, around 100 kilometers (62 miles) away from Tarfaya, she said.

A total of 16 women and six infants were among those on board, Maleno said.

“The bodies of three women and two babies are now at the morgue of Laayoune,” the main city in the disputed Western Sahara territory.

The North African kingdom of Morocco is a key transit point on routes taken by migrants hoping for better lives on European shores.

According to the Spanish interior ministry, more than 40,000 migrants arrived in the country by sea in 2021.

The European Union said this week it wanted to bolster cooperation with Morocco to stem the flow of illegal migrants entering the bloc, amid a sharp jump in attempts to reach the Canary Islands — a gateway to the EU.