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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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Saudi sex harasser named and shamed under the new law

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  • A court ordered the public identification of Yasser Muslim Al-Arawi after he was sentenced to eight months in prison and fined 5,000 riyals ($1,300).
  • Saudi Arabia only started penalizing sexual harassment in 2018, as the kingdom embarked on wide-ranging social reforms including allowing women to drive.

A Saudi has been named in a newspaper after his conviction for sexual harassment, in an apparent first under new laws tackling a subject that is often seen as taboo.

A court in the Muslim holy city of Medina ordered the public identification of Yasser Muslim Al-Arawi, who was named in the privately-owned Okaz newspaper after he was sentenced to eight months in prison and fined 5,000 riyals ($1,300).

Saudi Arabia only started penalizing sexual harassment in 2018, as the kingdom embarked on wide-ranging social reforms including allowing women to drive.

Okaz and state-owned Al-Ekhbariya TV said it was the first application of an amendment that allows courts to order a judgment to be published in the local press.

Al-Arawi was found guilty of “touching from behind, verbally assaulting and harassing” the victim, the Okaz report said.

Naming and shaming is sometimes used as a punishment in other cases in rich Gulf countries including Saudi Arabia, where the risk of a fine is not seen as a deterrent.

Since Crown Prince Mohammed bin Salman became Saudi Arabia’s de facto ruler in 2017, Saudi women have enjoyed new freedoms including driving, traveling alone or attending sports and entertainment events alongside men.