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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.
  • Celebrations erupt across Syria to mark end of 50 years of Baath party rule

    Bashar al-Assad's whereabouts not clear, but his key backer Russia said he had resigned from the presidency and left Syria. Crowds loot his home and vandalize the Iranian embassy.
  • Turkey confirms Syria talks with Russia and Iran

    A meeting was expected on the forum's sidelines between Turkey, and Damascus allies Iran and Russia.
  • OPEC+ postpones meeting amid signs of ‘discord’ on output plans

    The 22-member OPEC+ group led by Saudi Arabia and Russia was due to decide on its 2025 output policy at a ministerial meeting originally scheduled for Sunday.
  • Iran slams new EU, UK sanctions as unjustified: foreign ministry

    ran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its support for Russia's war on Ukraine.
  • UAE President Sheikh Mohamed bin Zayed meets Russian President Vladimir Putin at the latter's residence. (WAM)

    Putin thanks UAE president for positive role in prisoner exchange with Ukraine

    UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will also attend BRICS Summit in the Russian city of Kazan.
  • Turkish President Recep Tayyip Erdogan (left) with his Russian counterpart Vladimir Putin during a meeting a few months ago. (File)

    Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia

    Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in Russia next month after Türkiye requested to join the group of emerging economies. Putin said he was due to meet Erdogan on October 23, a day after the start of...
  • Russia-Ukraine: A tragic comedy of errors

    As the Russia-Ukraine conflict grinds on, the West's financial commitment grows, while neither Zelenskyy nor Putin shows interest in peace talks. Zelenskyy, backed by Western support, has postponed elections, and the war allows him to stay in power as well as avoid focusing on Ukraine’s struggling economy.
  • Durov: Father of 100 children is a mysterious and controversial Telegram founder

    Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked horns with authorities, in Russia and around the world.Still a few months shy of his 40th birthday, the man once dubbed the "Russian Zuckerberg" after Facebook founder Mark Zuckerberg now...
  • India’s Modi urges peace ahead of historic Ukraine visit

    "It is India's strong belief that no problem can be resolved on a battlefield," Modi said in Poland, a staunch ally of neighboring Ukraine
  • Putin in Azerbaijan for state visit amid Ukraine offensive on Russian soil

    Aliyev and Putin will sign joint documents and make statements to the press, said Russian agency Ria Novosti. On Monday, Putin will also lay a wreath on the tomb of Heydar Aliyev, father of the current leader, who was president from 1993 to 2003.
  • Oil and gas sector in Arab countries attracts projects worth $406bn

    Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies, with a total investment cost of US$ 406 billion between January 2003 and May 2024.The Arab Investment and Export Credit Guarantee Corporation (Dhaman) stated in its first sectoral report on...
  • UNSC to hold emergency meeting over Hamas chief’s killing

    The meeting has been requested by Iran and supported by representatives of Russia, China and Algeria, said a spokesman for the Russian presidency, which holds the rotating leadership of the council. Separately, UN chief Antonio Guterres denounced the attacks on Tehran as well as Beirut as a "dangerous escalation".
  • US, Russian, Belarusian astronauts return to earth after 14 days in space

    Moscow, Russia - A NASA astronaut, a Russian cosmonaut and Belarus's first ever space traveler on Saturday returned to Earth safely after a fortnight aboard the International Space Station, Russia's Roscosmos agency reported."Today, at 10:17am Moscow time (0717 GMT), the descent vehicle of Sozuz MS-24 manned spacecraft landed near the Kazakh...
  • Seven children killed in Syria’s as explosive device goes off

    Damascus, Syria - Seven children were killed in southern Syria's Daraa province on Saturday when an "explosive device" detonated, state media reported."Seven children" were killed "and two other people were injured, one of them a woman, when an explosive device planted by terrorists" went off in the city of Sanamayn, state...
  • Kremlin slams Macron claims Russia trying to undermine Olympics

    Moscow, Russia - The Kremlin on Friday blasted as "unacceptable" French President Emmanuel Macron's claims that Russia was trying to undermine the Paris Olympics through a disinformation campaign.Macron had said Thursday that Moscow was trying to promote the narrative that France was unable to host the Games and that the event...
  • Russia becomes world’s fourth-biggest LNG producer, says PM

    MOSCOW, RUSSIA – Prime Minister Mikhail Mishustin said the country became the world’s fourth-biggest LNG producer last year.The Russian Prime Minister said this in an annual report at the State Duma (lower house of the parliament), TASS reported.“Energy is adjusting gradually as well. A serious adjustment of logistics was required...
  • Blinken in Paris for talks on Ukraine and Gaza

    After Paris, Blinken will head to Brussels for NATO foreign ministers' talks ahead of the alliance's 75th anniversary summit in Washington. Blinken will also hold a three-way meeting in Brussels with EU leaders and Armenian Prime Minister Nikol Pashinyan, who has been seeking to branch out from his country's historic...
  • Polish PM Tusk warns Europe has entered ‘pre-war era’

    Russia's invasion of Ukraine more than two years ago upended European leaders' sense of unshakeable post-war peace, prompting many countries to gear up weapons production to supply both Kiev and their own militaries. Former European Council president Tusk, whose country has been one of the staunchest supporters of neighbouring Ukraine,...
  • Israeli strikes kill dozens in Syria and Lebanon, rile Russia and Iran

    In Syria, "Israeli strikes" targeted a Hizbollah "rockets depot" in Aleppo province, killing 36 Syrian soldiers, seven Hezbollah members and another pro-Iran fighter, the Syrian Observatory for Human Rights war monitor said. It was the highest Syrian army toll in Israeli strikes since the Israel-Hamas war began on October 7.
  • Russia says ‘evidence’ links Ukraine to Moscow attack

    MOSCOW, RUSSIA - Russia said on Thursday it had evidence the perpetrators of last week's massacre at a concert hall outside Moscow were linked to "Ukrainian nationalists", a claim that the United States called nonsense.President Vladimir Putin and his security services continue to allege Kyiv and the West were involved somehow...
  • Geopolitical tensions boost oil, weigh on equities

    Geopolitical tensions sent oil prices climbing and weighed on equities as investors also continued to worry about prospects for interest rate cuts amid stubbornly-high inflation. "Heightened tensions between Ukraine and Russia have brought a halt to the rally in equity markets seen last week," said Russ Mould, investment director at...
  • UN adopts resolution on immediate Gaza truce as US abstains

    All 14 other members voted in favor of the resolution which "demands an immediate ceasefire" for Ramadan. The resolution calls for the truce to lead to a "lasting, sustainable ceasefire" and demands that Hamas and other groups free hostages.
  • Putin vows retribution on Moscow concert hall attacks, as toll rises

    Russian President Vladimir Putin vowed to punish those behind a "barbaric terrorist attack" on a Moscow concert hall that killed at least 133, saying Russia had arrested four gunmen who were trying to flee to Ukraine. Kyiv has denied any connection, and Putin made no reference to the Islamic State...
  • Death toll climbs to ‘more than 60’ in Moscow concert attack: Agencies

    Meanwhile, the fire at a Moscow concert hall has been "mostly eliminated", the Russian capital's governor said on Saturday. "There are still some pockets of fire, but the fire has been mostly eliminated. Rescuers were able to enter the auditorium," Moscow Governor Andrey Vorobyov said on Telegram.
  • Russia’s central bank holds rates amid high inflation

    MOSCOW, RUSSIA – Russia's central bank held interest rates unchanged on Friday as Moscow's military offensive on Ukraine has led to stubbornly high inflation and labor shortages.The central bank raised rates to 16 percent in a series of hikes last year to cool the pace of price rises.Analysts are waiting for...
  • UNSC to vote on new Gaza truce resolution after Russia, China veto US bid

    The draft resolution, seen by AFP, "demands an immediate ceasefire" for the ongoing Muslim holy month of Ramadan that leads "to a permanent sustainable ceasefire" respected by all sides. It also demands both the "immediate and unconditional" release of Israeli hostages.
  • Middle East oil policies not dictated by US, says Russia

    MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the Russian Foreign Intelligence Chief Sergey Naryshkin said.The Russian official made the statement in the documentary "Oil" on the premier online platform.“The ‘hegemon’ has lost a step. It is no longer...
  • Russia not in danger of trading oil at a loss, says Lavrov

    MOSCOW, RUSSIA – Russia does not see the risk of trading oil at a loss due to the redistribution of energy flows to the East - growing local markets will be able to "absorb" its supply, Russian Foreign Minister Sergey Lavrov said.Lavrov said this in an interview for the documentary...
  • EU members to discuss Bosnia entry into Union

    Brussels, Belgium - A group of EU countries including Germany on Tuesday pushed for a green light to start membership negotiations with Bosnia, but others such as France seemed reluctant to proceed.The EU's 27 leaders will debate at a summit on Thursday a proposal from the bloc's executive to launch the...
  • Russia working to establish visa-free travel with Gulf nations: Bogdanov

    Moscow, Russia -- Russia is working to establish a visa-free regime with all Gulf countries, said Mikhail Bogdanov, Russia's deputy foreign minister and special presidential representative for the Middle East and African countries."In principle, such work is going on systematically. Because, of course, I think it is in the interests...
  • Sovcomflot 2023 net profit $900m   

    In 2023, the firm demonstrated strong financial results.
  • Putin hails election victory, says would not be ‘intimidated’

    If he completes another full Kremlin term, Putin will have stayed in power longer than any Russian leader since Catherine the Great in the 18th century. Allies of the late Alexei Navalny - Putin's most prominent rival, who died in an Arctic prison last month - had tried to spoil...
  • Ground operations in Ukraine possible at some point, says Macron

    Last month French president refused to rule out putting troops on the ground in Ukraine, which prompted a stern response from Berlin and other European partners. But the French president has not recanted from his position, but stressed that Western allies would not take the initiative.
  • G7 vows ‘significant’ new sanctions if Iran sends missiles to Russia

    Washington, US - G7 countries warned Iran on Friday that they will impose "significant" new sanctions if Tehran transfers ballistic missiles to Russia for use in Ukraine."We reiterate our call on third parties to immediately cease providing material support to Russia's illegal and unjustifiable war of aggression against Ukraine or face...
  • Sweden’s gaming group Embracer divests Russian assets

    Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that it was ceasing all Russian operations through the sale of subsidiary Saber Interactive.Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit,...
  • SpaceX Crew-7 returns after six-month mission on Space Station

    Washington, United States - Four astronauts splashed down off Florida in the Gulf of Mexico on their return to Earth early Tuesday, following a more than six-month mission on the International Space Station.The SpaceX Crew Dragon spacecraft landed in the waters off Pensacola at 5:47 am (0947 GMT), with a NASA...
  • Potential investors value Telegram at $30bn, says co-founder Pavel Durov

    MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social network Pavel Durov said.The US$30 billion valuation was made by global technology funds in particular, Durov said in an interview with The Financial Times.“Generally speaking, we see value in (an...
  • China, Russia and Iran to launch joint navy drills in Gulf of Oman

    Beijing, China - The navies of China, Russia and Iran are staging joint drills in the Gulf of Oman this week, Beijing said Monday.The military activities -- to be conducted from Monday through Friday -- are aimed at "jointly maintaining regional maritime security", according to a statement published on social media...
  • Putin set for election coronation in vote with no opposition

    Ballots will also be cast in the four Ukrainian regions Moscow claimed to have annexed in 2022, as well as the Crimean peninsula, seized in 2014. Moscow is no longer worried about trying to present the vote as a legitimate democratic exercise to the West, or even Russian society.
  • Aramco profit down in 2023

    The oil giant posted a 24.7% fall in net profit to US$121.25bn.
  • Zelensky to discuss war, Black Sea security during Turkey visit

    NATO member Turkey has sought to maintain good relations with Moscow and Kyiv throughout the two-year war, with Erdogan pitching himself as a key go-between and possible peace-maker.
  • 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...
  • Iran and Russia to sign new contracts to develop oil, gas fields

    Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the oil ministers of the two countries.Iranian Oil Minister Javad Owji held talks with Nikolay Shulginov, the Minister of Energy of Russia, on the sidelines of the GECF Summit in Algeria on...
  • oil

    Saudi, UAE and Iraq extend oil cuts, Russia to slash output by 471,000 bpd

    An energy ministry source said Riyadh "will extend its voluntary cut of one million barrels per day, which was implemented in July 2023, until the end of the second quarter of 2024," the official Saudi Press Agency reported. "Afterwards, in order to support market stability, these additional cut volumes will...
  • UAE and Russia look to deepen parliamentary cooperation

    Abu Dhabi, UAE-- The UAE and Russia have held talks to enhance the parliamentary cooperation between the two countries.In this connection, a remote meeting was held between Dr. Ali Rashid Al Nuaimi, Chairman of the Defence, Interior and Foreign Affairs Committee of the Federal National Council (FNC), and Grigory Karasin,...
  • Split over Gaza and Ukraine, G20 meeting ends in discord

    Brazil's Finance Minister Fernando Haddad told a news conference in Sao Paulo that it was "impossible" to reach a final joint statement. The minister said the impasse was over the ongoing conflicts without explicitly mentioning Russia's invasion of Ukraine or Israel's ongoing military campaign in the besieged Gaza Strip.
  • Iran launches imaging satellite Pars 1 from Russia

    Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The launch of "Pars-I" with the Russian Soyuz-2.1b launcher was broadcast live by state television in Iran. The satellite was launched "from Russia's Vostochny launch base", some 8,000 kilometers east of...
  • Russia to ban petrol exports for six months to meet domestic demand

    Despite being the world's third largest oil producer, Russia has suffered sporadic fuel shortages since last summer amid high demand and repair works on refineries. Wholesale gasoline prices have risen since the start of the year, a problem exacerbated by repeated Ukrainian drone attacks on oil refineries.
  • Russia in contact with OIC on upcoming presidential vote

    Moscow, Russia -- Moscow is maintaining close contact with officials from the Arab League and the Organization of Islamic Cooperation (OIC) on Russia’s upcoming presidential election, Russian Deputy Foreign Minister Mikhail Bogdanov said Tuesday.Bogdanov, who serves as Russian special presidential envoy for the Middle East and Africa, told TASS, "We...
  • France says ‘nothing ruled out’ to thwart Russia in Ukraine

    French Prime Minister Gabriel Attal told the RTL broadcaster that there was "no consensus" on any "official" deployment of ground troops. "But no dynamic can be ruled out. We will do whatever it takes to ensure that Russia cannot win this war," he said, using the same words as Macron...