INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Lebanon-Israel maritime talks to conclude in days: Lebanese official

US Senior Advisor for Energy Security Amos Hochstein (L) arrives to meet Lebanon's caretaker Energy Minister in Beirut on July 31, 2022. AFP
  • Negotiations between Lebanon and Israel have been mediated by the US to delineate a shared maritime border
  • US mediator Amos Hochstein, who visited Beirut on September 9 said talks were making progress

Beirut, Lebanon After two years of negotiations, Lebanon and Israel are close to concluding maritime border talks that could help allocate oil and gas resources, a top Lebanese security official quoted by local channel Al-Jadeed said on Tuesday.

“We’re talking about weeks – actually, days – to finish the delineation issue. I’m hopeful that the situation is positive,” the head of Lebanon’s General Security agency Abbas Ibrahim said. 

Negotiations between Lebanon and Israel have been mediated by the US to delineate a shared maritime border that will help determine which oil and gas resources belong to which country.

Last week, Ibrahim met with US mediator Amos Hochstein, who said his hours-long visit to Beirut on September 9 showed talks were making “very good progress.”