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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.
  • India expulsions to Bangladesh unlawful, target Muslims: HRW

    New Delhi, India - India has pushed hundreds of ethnic Bengali-speaking Muslims into Bangladesh without due process, Human Rights Watch said Thursday, accusing the government of flouting rules and fuelling bias on religious lines. The Hindu nationalist government of Prime Minister Narendra Modi has long taken a hardline stance on...
  • Air India probe of Boeing 787 fuel control switches finds no issues

    Mumbai, India - Air India's inspection of the locking feature on the fuel control switches of its existing Boeing 787 aircraft found no issues, an internal communication circulated within the airline said. The switches have come under scrutiny following last month's crash of an Air India jet, which killed 260 people,...
  • Fuel to Air India jet engines cut off moments before crash: probe

    New Delhi, India - Fuel control switches to the engines of an Air India flight that crashed shortly after takeoff, killing 260 people, were moved from the "run" to the "cutoff" position moments before impact, a preliminary investigation report said early Saturday. The report, issued by India's Aircraft Accident Investigation...
  • Cricket’s Indian Premier League value surges to $18.5 bn: report

    New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal Challengers Bengaluru its wealthiest franchise, according to a report by an investment bank. The world's richest cricket tournament has been a top revenue earner for the Board of Control for...
  • India will ‘never’ restore Pakistan water treaty: minister

    New Delhi will "never" reinstate a key water treaty it suspended with Pakistan over deadly violence in India-administered Kashmir, the interior minister said in an interview published Saturday
  • Snakes on a plane: Indian smuggler caught with venomous vipers

    Mumbai, India - A passenger smuggling dozens of venomous vipers was stopped after flying into the financial capital Mumbai from Thailand, Indian customs officials said. The snakes, which included 44 Indonesian pit vipers, had the snakes "concealed in checked-in baggage", Mumbai Customs said in a statement late Sunday. "An Indian...
  • Blending AI with a Human Touch: Al Rais Travel Eyes the Future of Tourism

    Executive Director Mohamed Al Rais unveils a tech-human hybrid approach to personalize travel experiences — and announces a strategic India office to tap into Dubai’s largest source market.
  • Trump says urged Apple to manufacture in US not India

    Doha, Qatar - US President Donald Trump said Thursday he urged Apple to manufacture its products in the United States instead of India, where the US tech giant has said it would be shifting production after US tariffs on China. "I had a little problem with Tim Cook," Trump said,...
  • India, Pakistan ceasefire holds after early violations

    Poonch, India -  A ceasefire appeared to hold on Sunday between India and Pakistan, hours after the nuclear-armed rivals accused each other of violating a truce that brought them back from the brink of all-out war. The ceasefire was agreed on Saturday after four days of missile, drone and artillery...
  • India and Pakistan agree to ceasefire after days of attacks

    Pakistan and India agreed Saturday to a full and immediate ceasefire after days of deadly jet fighter, missile, drone and artillery attacks -- news surprisingly announced by US President Donald Trump, who congratulated them on using "common sense".
  • Rubio urges India, Pakistan to communicate to ‘avoid miscalculation’

    Washington, United States - US Secretary of State Marco Rubio urged India and Pakistan to restore direct communication to "avoid miscalculation" in a series of calls as the conflict neared all-out war, the State Department said early Saturday. Rubio placed telephone calls to the rivals' top diplomats and, for the...
  • Pakistan says India has brought neighbours ‘closer to major conflict’

    Pakistan charged India Friday with bringing the nuclear-armed neighbours "closer to a major conflict", as the death toll from three days of missile, artillery and drone attacks passed 50.
  • Pakistan and India accuse each other of waves of drone attacks

    India and Pakistan accused each other Thursday of carrying out waves of drone attacks, as deadly confrontations between the nuclear-armed foes drew global calls for calm. The fighting comes two weeks after New Delhi blamed Islamabad for backing an attack on the Indian-run side of disputed Kashmir, which Pakistan denied.
  • Pakistan warns will ‘avenge’ deaths from Indian strikes

    India's army said it destroyed nine "terrorist camps" in Pakistan in the early hours of Wednesday, two weeks after New Delhi blamed Islamabad for backing an attack on tourists in the Indian-administered side of disputed Kashmir -- a charge Pakistan denies.
  • India and Pakistan: a history of armed conflict over Kashmir

    New Delhi, India - India and Pakistan exchanged heavy artillery along their contested frontier in Kashmir on Wednesday in a major escalation between the nuclear-armed neighbours. The latest crisis erupted after New Delhi launched missile strikes on its arch-rival, with deaths subsequently reported on both sides.New Delhi accuses Pakistan of...
  • India launches strikes on Pakistan, Islamabad vows to ‘settle the score’

    Pakistan's Defence Minister Khawaja Muhammad Asif accused Indian Prime Minister Narendra Modi of launching the strikes to "shore up" his domestic popularity, but said that Islamabad had struck back.
  • Indian PM vows to stop waters key to rival Pakistan

    New Delhi, India - Prime Minister Narendra Modi said Tuesday that water from India that once flowed across borders will be stopped, days after suspending a key water treaty with arch-rival Pakistan. New Delhi has blamed Islamabad for backing a deadly attack on tourists on the Indian side of contested...
  • Pakistan conducts second missile test, India readies civil defence drills

    Islamabad, Pakistan - Pakistan conducted a second missile test and India ordered civil defence drills in an escalating stand-off over contested Kashmir that the UN said on Monday has brought the two nations to the brink of war. New Delhi blames Islamabad for backing an attack on tourists last month...
  • Apple expects $900 million hit from tariff war

    Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.
  • India, Pakistan and threats of a water war: what we know

    India, furious after a deadly attack, has suspended the Indus Waters Treaty with Pakistan, with Islamabad warning any attempt to stop water flows would be considered an "act of war".
  • India and Pakistan urged to have ‘maximum restraint’ after Kashmir attack

    The United Nations urged India and Pakistan to show "maximum restraint" as the nuclear-armed rivals imposed tit-for-tat diplomatic measures over a deadly shooting in Kashmir.
  • India and Pakistan rivalry boils after Kashmir attack

    India took a raft of punitive diplomatic measures against arch-rival Pakistan on Wednesday, accusing Islamabad of supporting "cross-border terrorism" after a deadly attack on civilians in Kashmir.
  • Trump’s tariffs on allies, China could shrink global merchandise trade volumes 1% in 2025, warns WTO

    After Trump on Wednesday unveiled a blitz of harsher-than-expected levies aimed at countries around the globe, Ngozi Okonjo-Iweala warned the measures would "have substantial implications for global trade and economic growth prospects".
  • Trump stings friends and foes alike in his tariffs war, countries eye trade talks

    The tariff announcements rattled stock markets while safe haven gold hit a new record high, oil prices fell and the dollar slumped against other major currencies.
  • Trump’s sweeping tariffs spark fears of trade war, recession, and global economic instability

    The threat of a trade war has caused increasing political ructions, with Canada's looming general election on April 28 set to be dominated by how to deal with Trump, who has also called for the United States to annex Canada.
  • BRICS summit planned for July in Rio, says current chair Brazil

    Rio de Janeiro, Brazil - Leaders of the countries known as BRICS will hold a summit in Rio de Janeiro in July, the current chair Brazil announced Saturday.Other members of the trading bloc include Russia, India, China and South Africa and others.Brazilian Foreign Minister Mauro Vieira said on the social media...
  • Tech Mahindra’s Ram Ramachandran: MEA, India key to shaping future in multipolar world

    Davos, Switzerland -- The Middle East, Africa, and India have an important role and influence in shaping the evolving world order and driving innovation, particularly in technology adoption and sustainable practices, said Ram Ramachandran, Senior VP India, Middle East, and Africa at Tech Mahindra, India’s leading provider of technology consulting and...
  • Adani Group says it lost nearly $55 billion as US bribery charges sparked rout

    The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.
  • UN report says 1.1 billion people in acute poverty

    More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected. The index uses indicators such as inadequate housing, sanitation, electricity, cooking fuel, nutrition and school attendance.
  • Killer heat wave sweeps the globe, hundreds perish

    A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken Wednesday, including in Boston, Cleveland, Buffalo, and Caribou, near Maine’s northern tip. This long-lasting heat wave will continue to scorch the Midwest, Northeast, and Mid-Atlantic into the weekend, reported the...
  • US-UN-CLIMATE-GUTERRES

    Concerns and optimism on World Environment Day as Arabian Gulf takes bold initiatives

    Political and business leaders in the Arabian Gulf region push for sustainability agenda to secure clean environment for the future generations. Calls have been made to work through collaborative models of private and public partnerships to achieve green goals.
  • Modi’s struggling rivals to vote as India election resumes

    New Delhi, India - India's six-week election resumes Saturday, with top rivals of Prime Minister Narendra Modi due to vote in the capital New Delhi after accusing him of unjustly targeting them with criminal probes.Modi, 73, remains roundly popular after a decade in office and his ruling Bharatiya Janata Party (BJP)...
  • ‘Hindu nation’: Religion trumps caste in India vote

    Agra, India - Born at the bottom of the Hindu faith's rigid caste system, voters like Anil Sonkar will determine whether Indian Prime Minister Narendra Modi returns to power next month.More than two-thirds of India's 1.4 billion people are estimated to be on the lower rungs of a millennia-old social hierarchy...
  • India, Iran sign 10-year agreement to develop port project

    Tehran, Iran - India and Iran on Monday signed a 10-year contract to develop and equip the strategic Chabahar port in Iran as India seeks to grow trade in west and central Asia.The agreement will give India 10-year access to use the port, located close to Iran's southeastern border with Pakistan,...
  • Asia markets mixed as investors assess China inflation data

    Asia-Pacific markets were mixed Monday as investors assessed China’s stronger-than-expected April inflation data, CNBC reportedChina’s consumer price index climbed 0.3% year on year, beating Reuters estimates of a 0.2% rise.The producer price index, however, fell 2.5% year on year, more than the estimated 2.3% drop.The data highlight for the week...
  • Debt, trade barriers drag Asian economies in 2024, says World Bank report    

    BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, Associated Press (AP) quoted a World Bank report as saying on Monday.Debt, trade barriers and policy uncertainties are...
  • Mubadala invests in Avanse

    Avanse is education-focused non-banking financial company.
  • India plugs into the Gulf region with power cables

    India is poised to revolutionize its energy landscape by linking its power grid with Saudi Arabia and the UAE via undersea cables.
  • Shipping service connecting India, South East Asia with Saudi Arabia comes up

    RIYADH, SAUDI ARABIA – VASI Shipping Pte Ltd has introduced a new shipping service IMS at King Abdulaziz Port in Dammam, connecting the Kingdom to Southeast Asia and India, Saudi Ports Authority (Mawani) announced.This service aims to enhance its strategic partnerships with major international shipping lines, support the maritime sector,...
  • India publishes election donation data after court order

    The BJP had received slightly less than 48 percent of all election bonds cashed by parties up to March 2023, amounting to around $730 million. Congress, India's main opposition party, had by contrast received around $171 million in the same timeframe, or 11 percent of the total.
  • Thousands of international companies join Dubai Chamber of Commerce in 2023

    Dubai, UAE--A study undertaken by Dubai Chamber of Commerce has revealed that Indian investors topped the list of nationalities of new non-UAE businesses joining the chamber last year. A total of 15,481 new Indian-owned companies became members in 2023, representing year-over-year (YoY) growth of 38 percent and underlining Dubai’s continuing...
  • Indian troops begin Maldives pullout after quit order

    Following talks with New Delhi, the two sides had agreed to complete a withdrawal of 89 Indian troops and their support staff from the nation of 1,192 tiny coral islands by May 10. Mihaaru said the three Indian aircraft - two helicopters and one fixed-wing plane - will be operated...
  • Jafza reports 28% year-on-year growth in 2023 of new Indian companies

    DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the UAE. There's been a significant increase in Indian businesses setting up there, with 28 percent more new companies in 2023 compared to the previous year.This resulted in over 190 new...
  • India, European EFTA bloc sign $100 billion free trade deal

    The deal will see the European Free Trade Association (EFTA) -- made up of non-European Union nations, including Iceland and Liechtenstein -- invest $100 billion over 15 years in India, the world's fifth largest economy, India's Trade Minister Piyush Goyal said.
  • Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn

    AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months of 2024, compared to US$1.79 billion (JD1.272 billion) for the same period last year.According to statistical data obtained by Petra, exports of five sectors recorded an increase, while the rest...
  • Indian man fighting for Russia against Ukraine killed in action

    New Delhi, India - India's embassy in Moscow has confirmed the death of a citizen recruited by the Russian army, days after a relative told AFP he had been sent to fight in Ukraine.Two years after Russia's invasion began, tens of thousands of its soldiers have been killed in Ukraine and...
  • Reincarnation and realpolitik: Dalai Lama’s succession dilemma

    Tibetan activists are keenly aware that his death will mark a major setback in his push for more autonomy for the Himalayan region. It would deprive the cause of a Nobel Prize winner whose moral teachings and idiosyncratic humour have made him one of the world's most popular religious leaders.
  • India, US at loggerheads over WTO reform at Abu Dhabi talks

    Abu Dhabi, United Arab Emirates -- A US-led push to reform the World Trade Organization's embattled dispute settlement system sparked divisions at a WTO meeting Wednesday, with India accusing Washington of bringing the trade body to a "standstill".A working session on dispute settlement reform was held on the third day of...
  • WTO approves services trade rules, overcoming objections

    The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release. It will help reduce the costs of global services trade by more than $119 billion every year, it added.
  • Goldman Sachs, Mubadala ink pact

    The two firms have signed a $1 billion private credit deal.