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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.

EDGE partners with Bulgarian firms

The two sides signing the partnership agreements. (WAM)
  • EDGE and TBS will seek collaboration through international trade expansion, knowledge transfer, research and development
  • Its agreement with Samel-90 entails both to jointly identify business opportunities within multiple electronic development domains

Abu Dhabi, UAE–EDGE Group has signed two separate partnership agreements with key Bulgarian partners.

EDGE has partnered with TBS Ltd. (TBS), an international trading company providing some of the world’s most innovative and advanced technological solutions securing Land, Air and Space, and Samel-90, a manufacturer of a wide variety of high-performance electronic communications equipment and systems.

The signing ceremonies took place during an EDGE Group delegation visit to Bulgaria, during which members of EDGE’s senior management met with local dignitaries as well as industry partners, providing the Group the opportunity to showcase its capabilities, explore potential collaborations, and expand its footprint in the Eastern European region.

Speaking on the partnerships, Omar Al Zaabi, President of Trading & Mission Support at EDGE, said, “These collaborations are another key step towards achieving the EDGE growth strategy, furthering EDGE’s goal to pursue global, mutually beneficial partnerships supporting defense capability development. We look forward to how these valuable partnerships will expand our footprint in Bulgaria and the Eastern European region.”

TBS and EDGE will seek collaboration through international trade expansion, knowledge transfer, research and development within space science technologies, cyber security, security communication, land vehicle acquisition, and range development.

As per the agreement with Samel-90, the two organizations will jointly identify business opportunities within multiple electronic development domains. Samel-90 currently specializes in products such as jammer solutions, surveillance equipment, tools and mechanical parts, and satellite components.