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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.
  • Fierce fighting rocks Gaza after US warning of anarchy, insurgency

    The city on the Egyptian border had been sheltering 1.4 million Palestinians, according to the United Nations, but Israel's military operation sparked an exodus of nearly 360,000 people from Rafah so far, said the UN agency for Palestinian refugees (UNRWA).
  • Israel opens new border crossing into northern Gaza

    Israel said its Kerem Shalom southern crossing with Gaza reopened on Wednesday, three days after being closed because of rocket fire claimed by Hamas's armed wing. However, UN agencies and aid groups said they have been unable to transport much-needed supplies through the crossing for security reasons.
  • US slams Israel’s use of American weapons in Gaza

    The US has warned that the reputational damage Israel will suffer if it storms a city where an estimated 1.4 million civilians are sheltering will far outweigh any possible military gain. UN chief Antonio Guterres said Friday that Gaza risked an "epic humanitarian disaster" if Israel launched a full-scale ground...
  • Biden threatens to stop arm shipments if Israel invades Rafah

    Biden, a self-described Zionist, had long resisted stopping any of the $3 billion in weapons the United States sends each year to Israel -- and pushed Congress for an increase in the wake of the October 7 attack by Hamas that triggered the war.
  • US Federal Reserve keeps interest rates at 23-year high

    Washington, United States - The US Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.After a two-day gathering, the central bank decided unanimously to keep the benchmark lending rate unchanged at 5.25-5.50 percent, citing a...
  • Hopes rise for possible truce deal between Israel and Hamas

    Jerusalem, Undefined - Hopes rose on Monday for a long-sought-after truce and hostage release deal after almost seven months of war in Gaza between Palestinian Hamas fighters and Israel.Washington's top diplomat said he was "hopeful" Hamas would accept the offer, which his British counterpart said could see the release of thousands...
  • As ‘news deserts’ spread, US journalism fights on

    Baltimore, United States - Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance by Maryland's state governor and celebrity chef Jose Andres at an urban farm.With her notebook wedged under her arm and a Banner-branded baseball cap on her head, Gellman is launching...
  • Syria has held ‘meetings’ with US: Assad

    The United States was among the first to cut ties with Assad over the repression of anti-government protests that sparked war in 2011, and many Western and Arab states also severed relations.
  • Iran, Israel appear to pull back from brink as US approves military aid

    Iran downplayed Israel's reported retaliation for its unprecedented drone and missile attack, tamping down fears that escalating attacks between the arch enemies could tip over into a broader war in the Middle East. However a deadly blast at an Iraqi military base underlined the persisting tensions in the region.
  • US troops head to region as fears grow of Gaza war’s spread

    Fears of regional escalation grew after a strike on Iran's consular annex at its embassy in Damascus. Tehran blames the attack on Israel. Airlines said they are avoiding Iranian airspace, nearly two weeks after a strike.
  • MENA region is leading the on-demand talent revolution: report

    Agile work models and diverse skill demands propel MENA's freelance economy, empowering businesses to thrive amid modernization and digital transformation.
  • Defence minister says Israel ‘shoulder to shoulder’ with US on Iran

    "Our enemies think that they can pull apart Israel and the United States, but the opposite is true -- they are bringing us together," Gallant said, after the two discussed Iran's threats of retaliation for a deadly air strike on its consulate in Syria.
  • Most equity markets fall as US inflation data dims rate cut hopes

    The losses tracked a sell-off on Wall Street and saw the dollar strike a 34-year high against the yen, fueling speculation Japanese authorities will step in to support their beleaguered currency. Figures showing the consumer price index rose 0.4 percent on-month and 3.5 percent on-year were both above consensus for...
  • Biden says Israel making ‘mistake’ in handling of Gaza war

    Biden urged Netanyahu "to just call for a ceasefire, allow for the next six, eight weeks, total access to all food and medicine going into the country"
  • Israel strikes Gaza as US says Rafah attack ‘not imminent’

    US Secretary of State Antony Blinken said he had no indication of an "imminent" Israeli assault on the city, the last in the Gaza Strip yet to be the target of a ground invasion and where around 1.5 million Palestinians are sheltering.
  • Iran offers no response to Israeli strike, if US-secures Gaza truce: report

    The Damascus airstrike targeted the Iranian consulate, resulting in the death of IRGC commander Mohammad Reza Zahedi and several other IRGC officers. Since then, Iran has issued threats of a "harsh response" against Israel.
  • Trump increasingly ambiguous on Israel amid Gaza war

    At the start of Israel's war with Hamas in October, Donald Trump loudly presented himself as the key US ally's ultimate champion. But six months and more than 33,000 deaths in Gaza later, he has become increasingly vague on the intensity of that support. Trump has halfheartedly commented on the...
  • Hamas to stick on truce conditions amid renewed Cairo talks

    "The demands ... are complete ceasefire, withdrawal of the occupation forces from Gaza, the return of the displaced to their residential areas, freedom of movement of the people, offering them aid, shelter, and a serious hostage exchange deal," Hamas said. Its insistence came as US President Joe Biden urged an...
  • Blinken says US seeks ‘results’ on Israeli new Gaza aid policy

    Brussels, Belgium - US Secretary of State Antony Blinken said on Friday Washington wanted to see "results" showing more aid was reaching Gazans after Israel announced it would open routes into the territory.Israel announced on Friday that it would allow "temporary" aid deliveries into famine-threatened northern Gaza, hours after the United...
  • Stocks trip and oil surges as Middle East tension grows

    The threat of regional war compounded fears that the Federal Reserve would not cut interest rates as much as previously expected, with the focus now on the release of key US jobs data later in the day. The sell-off followed a plunge across the board on Wall Street.
  • Israel systematically destroying Gaza healthcare, says MSF

    Doctors Without Borders (MSF) said deadly attacks on humanitarian staff showed either deliberate intent or reckless incompetence, and called for a change in how the war is being conducted. The medical charity added that children were turning up in hospitals with gunshot wounds from drones.
  • NATO @ 75 seeks US-Europe alliance as Russia threat, Trump looms

    Brussels, Belgium - NATO chief Jens Stoltenberg urged the United States to stick together with Europe as the Western military alliance turned 75 on Thursday menaced by an aggressive Russia and the specter of Donald Trump's return to power.The Kremlin's full-scale invasion of Ukraine in 2022 re-invigorated NATO as it was...
  • Electric cars credited with lower CO2 emissions in US neighborhoods

    LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas, a study showed on Thursday, bolstering a key pillar of the state's drive towards net zero.Scientists at the University of California, Berkeley, say a network of sensors set up around...
  • Gold hits fresh record above $2,300 as Fed hints at easing monetary policy

    On Thursday, bullion touched $2,304.96 per ounce, according to Bloomberg News, after Fed boss Jerome Powell said it would likely be appropriate to cut borrowing costs "at some point this year". Eyes are now on the release of US jobs figures due at the end of the week.
  • Turkish Airlines profits soar

    In December, the airline ordered 230 Airbus planes.
  • Israeli attack kills several aid workers in Gaza

    According to the health ministry in Gaza, the bodies of four foreign aid workers and their Palestinian driver were brought to a hospital in the town of Deir el-Balah after an Israeli strike targeted their vehicle. Hamas said the aid workers included "British, Australian and Polish nationalities, with the fourth...
  • Israel, US hold virtual meeting on Rafah offensive plans

    The White House said in a statement that the two sides had a "constructive engagement on Rafah" during two hours of videoconference talks, attended by Secretary of State Antony Blinken and National Security Advisor Jake Sulliva. The US side expressed its concerns with various courses of action in Rafah.
  • ‘Grave step backwards’: Meta shuts monitoring tool in election year

    Washington, US - A digital tool considered vital in tracking viral falsehoods, CrowdTangle will be decommissioned by Facebook owner Meta in a major election year, a move researchers fear will disrupt efforts to detect an expected firehose of political misinformation.The tech giant says CrowdTangle will be unavailable after August 14, less...
  • 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...
  • Gaza ceasefire talks to resume in Cairo: Egyptian media

    Reports of the new talks in Cairo came as protesters in Israel's biggest city blocked a major road Saturday following demonstrations calling for the release of hostages held in Gaza. A key element of the ceasefire negotiations has been an agreement on releasing the hostages in exchange for Palestinian prisoners...
  • 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,...
  • Microsoft, AI to set up data-center project

    It will cost US$100bn and will include an AI supercomputer.
  • OpenAI unveils voice-cloning tool

    It can essentially duplicate someone's speech.
  • Israel’s Netanyahu approves new Gaza ceasefire talks

    The go-ahead for a new round of talks on a Gaza ceasefire came a day after the world's top court ordered Israel to ensure aid reaches desperate civilians. But despite a binding UN Security Council resolution earlier this week demanding an "immediate ceasefire", fighting raged on unabated in Gaza.
  • Turkey says Erdogan to meet Joe Biden at White House on May 9

    Istanbul, Turkey - Turkish President Recep Tayyip Erdogan will meet with US counterpart Joe Biden at the White House on May 9, a Turkish official told AFP on Friday.It would be the first White House meeting between the two leaders.The Biden administration in January approved $23 billion in F-16 warplanes for...
  • US census to include Middle Eastern or North African category

    The next US census and federal government forms will include new options for race and ethnicity including a category for people of Middle Eastern or North African origin, officials said. The changes, the first in nearly three decades, were announced by the Office of Management and Budget (OMB) and published...
  • US Federal Reserve’s preferred inflation gauge ticks up as fuel costs rise

    WASHINGTON, US – The US central bank's favored measure of inflation edged higher last month on the back of rising fuel prices, according to government data published on Friday, but another gauge stripping out volatile food and energy prices continued to ease.US Federal Reserve chair Jerome Powell told a conference in...
  • Huawei profit tops $12bn

    The profits more than doubled compared to 2022.
  • Embracer sells Borderlands

    The sale is expected to be completed by June-end .
  • 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...
  • What do scientists hope to learn from total solar eclipse in US?

    Washington, United States -- When a rare total solar eclipse sweeps across North America on April 8, scientists will be able to gather invaluable data on everything from the Sun's atmosphere to strange animal behaviors -- and even possible effects on humans.It comes with the Sun near the peak of its...
  • US shoots down four Houthi drones in Red Sea

    In November, the Houthis launched a campaign of drone and missile strikes against vessels in the Red Sea, an area vital for world trade, in professed solidarity with Palestinians during Israel's war against Hamas in the Gaza Strip. US and British forces have responded with strikes against the Houthis, who...
  • Aramco CEO terms energy transition strategy a failure

    Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is visibly failing on most fronts. adding that this is "hardly the future picture some have been painting." Fossil fuels accounted for 82% of global consumption last year.
  • Israel backtracks on canceled Rafah talks: US official

    Israel's prime minister cancelled the visit after the US abstained on the UNSC vote, allowing it to pass. But Israel backtracked, after the White House said it was "perplexed" by the move. The U-turn came after Israeli defense minister had "constructive discussions" with senior US officials in Washington.
  • California looks to Europe to rein in deployment of AI

    The richest state in the United States by GDP, California is a hotbed of no-holds-barred tech innovation, but lawmakers in state capital Sacramento want to give the industry laws and guardrails it has largely been spared in the internet age. Brussels has enacted a barrage of laws on US-dominated tech...
  • UN Palestinian agency chief says funding secured until end of May

    Gaza has endured almost six months of war and a siege that has cut off most food, water, fuel and other supplies, and the UN has warned that its 2.4 million people are on the brink of a "man-made famine". The flow of aid trucks from Egypt has slowed amid...
  • Syria strikes kill 17 including Iran Guard, WHO worker

    According to the Syrian Observatory for Human Rights monitor, an Iranian Revolutionary Guards adviser, his two Iranian security escorts, and four Syrian and nine Iraqi fighters with pro-Iran groups were killed in strikes on a villa in Deir Ezzor city and on the town of Albu Kamal on the Iraqi...
  • US defense chief tells Israeli counterpart that Gaza toll is ‘too high’

    US Defense Secretary Lloyd Austin told his Israeli counterpart Yoav Gallant that civilian casualties in Gaza are "too high". A separate Israeli delegation was supposed to visit Washington to discuss US concerns over Prime Minister Benjamin Netanyahu's plans to launch an assault Rafah, where much of Gaza's population has sought...
  • Regulated dollar transactions on the rise in Iraq, says central bank

    With dollars dominating the country's economy, Baghdad has imposed a series of restrictions on the use of American greenbacks domestically. At the end of 2022 the country's bankings sector also adopted the international financial messaging system known as SWIFT as part of the reforms, to help tackle money laundering and...
  • No let-up in Gaza war despite UN ceasefire resolution

    The resolution demanding an "immediate ceasefire" was adopted Monday after Israel's closest ally the United States abstained. Washington insisted that its abstention, which followed numerous vetoes, did not mark a shift in policy, although it has taken an increasingly tougher line with Israel in recent weeks.