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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

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.
  • Chinese diplomat’s views on post USSR nations draw EU ire

    Brussels, Belgium - Comments made by the Chinese ambassador to France questioning the sovereignty of post-Soviet countries were "unacceptable," EU foreign policy chief Josep Borrell said Sunday.Borrell added that he hoped the comments did not reflect Beijing's official stance."Unacceptable remarks of the Chinese ambassador to France," Borrell tweeted."The EU can only...
  • Algerian president to visit France in June

    ALGIERS, ALGERIA -  Algerian President Abdelmadjid Tebboune will visit France in June, his office said Sunday, weeks after a diplomatic spat over a French-Algerian activist.The visit had initially been due to take place in May, but was pushed back to June following a phone call between Tebboune and his French counterpart...
  • EU foreign policy chief asks European navies to patrol Taiwan Strait

    Paris, France--EU foreign policy chief Josep Borrell called on European navies to patrol the disputed Taiwan Strait, in a opinion piece in a French weekly published Sunday.Borrell's comments in the Journal Du Dimanche, echo comments he made last week when he stressed how crucial Taiwan is to Europe.Taiwan "concerns us economically,...
  • EU parliament approves sweeping cryptocurrency rules

    The European Parliament approved the comprehensive rules to regulate the "Wild West" world of cryptocurrencies, hoping to protect investors against abuse and manipulation. EU member states have already backed the legislation covering cryptoassets, including cryptocurrencies such as bitcoin and ethereum and other tradable tokens whose value is secured using blockchain...
  • Retail giant Carrefour to offer menstrual leave to workers in France

    Paris, France -- French supermarket giant Carrefour said on Wednesday it would allow female employees to take days off if they suffer from endometriosis, a medical condition that can cause excessive period cramps.The move is the latest to allow women extra time off in a country where paid menstrual leave still...
  • Air France, Airbus acquitted over 2009 Rio-Paris crash

    PARIS, FRANCE -  Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after a French court ruled their errors could not be proven as the disaster's cause.While the ruling was expected after prosecutors recommended to the Paris court not to seek a conviction,...
  • More than 40 people killed in Syria attacks blamed on IS

    The Observatory, which has a wide network of sources on the ground in Syria, said fighters riding motorbikes also attacked a group of shepherds in the eastern province of Deir Ezzor, killing five and seizing their livestock. Two other shepherds were kidnapped, the war monitor said.
  • Hermes Q1 revenue at US$3.7bn  

    The performance was driven by strong sales, especially in Asia.
  • EU privacy watchdog sets up ChatGPT task force

    The European Union's central data regulator said it was forming a task force to help countries deal with AI chatbot ChatGPT, ramping up the pressure on its US maker OpenAI. Italy temporarily banned the program over allegations its data-gathering broke privacy laws, and France's regulator said it had opened a...
  • Lebanon judge to lift travel ban on central bank chief: judicial officials

    Under investigation both at home and abroad on suspicion of fraud, money laundering and illicit enrichment, Riad Salameh has been summoned for a hearing in Paris next month. He is part of a political class widely blamed for the country's economic crisis that the World Bank says is of a...
  • LVMH posts Q1 revenue of $23.1bn

    Jump in sales across all regions, including China.
  • World food prices fall for 12 consecutive months, says UN

    World food prices are still high but have fallen by a fifth compared to a year ago when prices soared to a monthly record high after Russia invaded agricultural powerhouse Ukraine, UN data showed. Prices have fallen 20.5 percent since March 2022 after a 12th straight monthly drop, the Food...
  • French foreign minister has rare meeting with Iranian counterpart in China

    France's foreign minister has held a rare face-to-face meeting with her Iranian counterpart in China, urging Tehran to release French nationals "arbitrarily detained" in Iran, the foreign ministry said. Catherine Colonna, traveling with French President Emmanuel Macron on his state visit to China, met Hossein Amir-Abdollahian in Beijing.
  • French, EU leaders to push China for active role in Ukraine peace process

    Beijing, China--French and EU leaders will on Thursday seek to make Europe's case for bringing an end to the conflict in Ukraine in a Beijing meeting with Xi Jinping, a close ally of Vladimir Putin.French President Emmanuel Macron and European Commission chief Ursula von der Leyen will be greeted late afternoon...
  • France’s Macron in China to discuss Ukraine war, trade ties

    The French leader's aims include preserving and rebalancing China's trade ties with Europe as well as safeguarding French interests in the Asia-Pacific region, where Paris sees itself as a player due to its overseas territories and military deployments. On the eve of his visit, Macron discussed his trip to China...
  • DMCC posts record Q1 growth as 708 firms register

    A total of 3049 new companies joined DMCC in 2022.
  • Saudi Arabia to host Global Summit of Real Estate leaders

    Riyadh, Saudi Arabia -- Saudi Arabia will host the 42nd edition of the Global Real Estate Summit next December in Riyadh.According to Saudi News Agency (SPA), the summit is considered the industry's largest annual gathering, which includes real estate pioneers and CEOs of critical real estate companies from all over...
  • EU parliament adopts tough rules to tackle gender pay gap

    Women earn on average nearly 13 percent less per hour than men for the same work in the 27-nation European Union, according to official data for 2020. Under the new rules, workers can demand to know individual and average pay levels, broken down by gender, in their workplace.
  • SES seeks merger with Intelsat

    The tie-up would lead to the creation of a $10 billion plus group.
  • Violent scenes in France as protests begin against reservoir construction

    SAINTE-SOLINE, FRANCE - French security forces again clashed with protesters Saturday as campaigners sought to stop the construction of reservoirs for the agricultural industry in the southwest of the country, AFP correspondents said.The violent scenes in Saite-Soline in western France came after days of violent protests nationwide over President Emmanuel Macron's...
  • France bars public employees from using TikTok on work phones

    Paris, France - France on Friday banned public-sector employees from downloading "recreational applications" on their work phones, the public services ministry said, with a ministerial source adding that Chinese-owned TikTok would be among them.Following bans of TikTok in other European countries, "the government has decided from now on to ban the...
  • SATORP 2022 net profit $2.39bn

    Improved refining, petrochemicals margins behind profit rise.
  • Qatar-France trade grows to US$4.5bn, in sign of warming ties

    Doha, Qatar--In a sign of growing business ties between Qatar and France, trade between the two countries has increased by 165 percent to $4.5 billion in 2022, compared with $1.70 billion in 2021.Qatar Chamber recently participated in the Arab French Economic Summit 2023 which was held in Paris under the...
  • Reform of multilateral financial institutions must for climate action, says Dr Al Jaber

    PARIS, FRANCE  -  COP28 President-Designate Dr. Sultan Al Jaber met French President Emmanuel Macron and outlined his vision on the need to reform multilateral financial institutions to unlock capital for clean technologies and adaptation efforts. During his meeting with Macron, Dr. Al Jaber emphasized the need for ambitious reforms across...
  • OECD raises global growth forecast as inflation eases, recovery ‘fragile’

    The OECD raised its global economic growth forecast as inflation eases and China emerges from Covid restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil. The Organization for Economic Co-operation and Development said it now expects the global economy to grow by 2.6 percent this year.
  • Conflict may get us before climate, warns Professor Rangan

    A multi-plural world that embraces diversity and contradictions is crucial for peaceful coexistence free of conflicts, Prof Subramanian Rangan of INSEAD tells TRENDS.
  • UAE pledges $3m for rebuilding Huwara raided by Israeli settlers

    Thirty houses were burned and damaged, according to local officials, after dozens of Israeli settlers set them ablaze. Bezalel Smotrich, Israel's finance minister and an extreme-right settler, later said "Huwara needs to be wiped out", sparking widespread condemnation, including from the UAE, the UN, the United States and France.
  • JCC discusses trade, commerce in economic summit in France

    AMMAN, JORDAN -  The Jordan Chamber of Commerce (JCC) took part in the fourth Arab-French Economic Summit 2023 in Paris. A statement issued by the JCC on Thursday said that the summit , jointly organized by the French-Arab Chamber of Commerce (CCFA), the Union of Arab Chambers, Business France, the...
  • Lebanon’s central bank chief snubs European investigators’ team

    Salameh had been summoned to appear at Beirut's justice palace on Wednesday morning but objected to the session and instead sent a legal representative, the judicial official told AFP on condition of anonymity as they are not authorized to speak to the media.
  • Shunned for long, KSA welcomes home top designer

    Western fashion was once largely taboo in Saudi Arabia, but with the kingdom undergoing great social changes, a designer is welcomed home to mentor its Fashion Commission.
  • Lebanon central bank chief summoned in European probe

    A Lebanese judge has asked central bank chief Riad Salameh to appear before visiting European investigators, a judicial official said Monday, part of a multinational probe into his personal wealth. The embattled central bank chief faces embezzlement accusations in separate investigations in Lebanon and abroad, looking into the fortune he...
  • Enforcement alone is no fix for cross-channel migration woes: UN

    British Prime Minister Rishi Sunak and French President Emmanuel Macron last Friday agreed a new pact worth over 500 million euros to thwart illegal migration across the Channel.
  • Francafrique a thing of past: Congo president gives Macron a reality check

    Dubai, UAE – French President Emmanuel Macron faced embarrassing moments during a joint press conference with the Congolese President Felix Kshisekedi who called for an end to “paternalistic gaze” with which developments in Africa are gauged by the West.Tshisekedi said that what needs to change in Congo’s relations with France...
  • Six EU countries urge Israel to stop settlement expansion in West Bank

    LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank.Britain, France, Germany, Italy, Spain and Poland have also jointly condemned the recent attack on Israeli citizens by Palestinian groups.In a joint statement, they said, "We urge the Israeli government to reverse...
  • French court sets aside NGOs lawsuit against TotalEnergies

    PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda and Tanzania after several NGOs filed a suit to suspend the controversial project.The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to...
  • US, European stocks dip as traders mull US rates outlook

    US and European stocks dipped as dealers fretted that the Federal Reserve would push interest rates higher than expected and for longer as it battles high inflation. The euro moved up against the dollar as strong inflation data in France and Spain sparked concerns that the European Central Bank will...
  • Dubai Holding acquires the iconic The Westin Paris – Vendome

    The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.
  • Jordan Senate Chairman, French senate vice-president discuss bilateral ties

    AMMAN, JORDAN -  Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed with Vice President of French Senate, Helene Conway, the region's key political and economic developments. The two leaders also discussed political changes in the surrounding countries following Arab Spring.Mulki, in...
  • Boosting investment in health systems is essential, says OECD

    PARIS, FRANCE -  Governments should urgently adapt their health systems to better respond to future shocks, given the huge impact of the COVID-19 pandemic on people and the global economy.Major investment is needed in the health workforce, alongside increased spending on prevention and digital infrastructure, according to a new Organization...
  • 11 Palestinians killed, dozens shot in Israel West Bank raid

    The Israeli army said the raid targeted militant suspects "in a hideout apartment" accused of shootings in the West Bank. It added troops came under fire but suffered no casualties. United Nations Secretary-General Antonio Guterres said "the situation in the occupied Palestinian territory is at its most combustible in years",...
  • Algeria arrests four over dissident who fled to France

    Algeria accused France of assisting her "clandestine and illegal exfiltration" via Tunisia, sparking a diplomatic row between Algiers and its former colonial ruler. Algerian prosecutors said Tuesday she had left "illegally" with the "help of a criminal network" including a taxi driver, a journalist, a border guard and relatives.
  • Hermes 2022 net profit $3.6bn

    Fashion house posted huge earnings despite inflation.
  • DEWA,  France’s satellite operator Eutelsat discuss cooperation

    DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer spoke of the organization's keenness to cooperate with leading international companies for the continuous development of its operations.Al Tayer made the remarks during discussions with a high-level delegation from France’s satellite operator Eutelsat,...
  • Western, regional powers urge Lebanon to elect president

    They have warned they will reconsider "all ties" with Lebanon if parliament fails to elect a president amid a worsening financial crisis. The warning came after the ambassadors or representatives of the United States, France, Saudi Arabia, Qatar and Egypt met Prime Minister Najib Mikati in Beirut.
  • UAE-France-India trilateral cooperation discussed at Paris meet

    Paris, UAE--The second technical UAE-France-India trilateral initiative has taken place in Paris during the visit of a UAE delegation from Ministry of Foreign Affairs and International Cooperation (MoFAIC), led by the Assistant Foreign Minister for Economic and Trade Affairs, Saeed Mubarak Al Hajeri.Al Hajeri participated in the meeting alongside the...
  • Sexting chatbot ban brings AI rules in focus

    Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring for them to be tightly controlled.
  • Turkey, Syria quake economic losses may exceed $4 billion: Fitch

    More than 17,500 people have died so far in the 7.8-magnitude earthquake that struck Turkey and Syria.
  • ArcelorMittal 2022 profit $9.3bn

    Profit was affected as demand for steel fell and production hit.
  • Algeria recalls envoy from France in fresh outbreak of tensions

    Tensions between Algeria and France have spiked again after Algerian President Abdelmadjid Tebboune on Wednesday decided to recall his country's envoy to France "for consultations". The fresh outbreak of discord was caused when Paris intervened to fly out French-Algerian activist Amira Bouraoui wanted by Algiers.
  • France set to bar minors from accessing porn websites

    France's data protection and media regulators Cnil and Arcom are set to announce their latest proposals to rein in porn websites which are in theory subject to a 2020 law requiring age verification.