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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.

Ban on single use plastic bags in Sharjah to begin from Jan 2024

The ban on single use plastic in Sharjah comes into effect from Jan. 1 2024.
  • It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports
  • The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning at the Sharjah Ruler’s office.

Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024.

It follows Sharjah’s efforts of making an environment-friendly emirate and its supportive plans of conservation, said reports.

The ban was decided during a meeting of the Sharjah Executive Council (SEC) Tuesday morning at the Sharjah Ruler’s office.

The SEC decision aims to:

  1. Protect the environment from the dangers of plastic pollution and reduce the negative effects resulting from harmful practices.
  2. Enhance and encourage a culture of environmental protection and sustainability by reducing the consumption of single-use plastic bags and materials, leading to their ban.
  3. Organize the shift from the consumption of single-use plastic bags and materials, and provide environmentally friendly alternatives.
  4. Ensure that multi-use bags and materials are handled sustainably.

The decision prohibits, as of 1st January 2024, to trade, produce, offer or import single-use plastic bags and materials in the emirate.

The reports said plastic bags are to be replaced with multi-use bags and materials with technical specifications and standards approved by the Department of Municipalities Affairs.