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In Brief

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.
  • Sterling rises with UK finance minister set to unveil spending plans

    Jeremy Hunt was put in place on Friday after Prime Minister Liz Truss sacked Kwasi Kwarteng as she battles to save her political career just weeks after taking the keys to Downing Street. Hunt is tipped to tear up the previous plans and warned at the weekend of tax hikes...
  • Credit Suisse to pay US$495m to settle legacy case

    It has agreed to pay $495 million as part of a deal reached with US prosecutors in a long-running dispute over mortgage-backed securities. The disputed dating back to the 2008 financial crisis will see the European lender make the "one-time payment" in order to resolve claims for compensation.
  • UK moves UAE from red list to amber, eyes boost in travel sector

    The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as the situation in the country has improved. Bahrain, India and Qatar were also moved to the amber list, according to a statement issued by the UK Government.
  • Seven things to look for from the Trump-Kim meeting in Singapore

    All eyes will be on the outcomes of Tuesday’s meeting between US President Donald Trump and North Korean supreme leader Kim Jong Un. Happening on the neutral grounds of Singapore, this will be the first-ever meeting between the US and North Korea’s top leaders in the last many decades. Trump...
  • Turkey polls: Erdoğan promises reforms, aims for a strong comeback

    Turkey is all set to go for polls on June 24 to elect a head of state and a new parliament in what is widely seen as the most hotly contested and divisive poll in the country’s history, though it is a contest even many in the opposition privately admit...
  • What do you need to know about ‘tech marketing’ world?

    By Hugo Angelmar Breaking the conversation in three parts helps people translate their strengths and interests in the tech world. Specifically, it’s important to look at the target customer, the variety of marketing roles and the stage of financing of the company. Let’s start with the target customer, of which...
  • JCPOA woes: Trump threatens ‘strongest’ sanctions on Iran ever

    Weeks after Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal, US secretary of state Mike Pompeo has threatened to impose some of the strongest sanctions on Iran. Terming them as ‘strongest in history’, Pompeo has urged Iran to immediately stop its missile tests, halt its entire nuclear...
  • Why are Iraqis losing faith in government?

    When last December the Iraqi government declared victory over the co-called Islamic State group (IS), many in Iraq and elsewhere spoke of a new era of peace and reconstruction. Haider al-Abadi, prime minister, attributed the defeat of IS to “unity”, and the parliament election of May 12 would, many hoped,...