Search Site

Trends banner

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.

EU looks to build a strategic partnership with GCC

The EU spokesman said both the parties have areas of common interest such as climate, green transformation, and energy (Image - WAM)
  • European External Action Service Spokesman Peter Stano said the cooperation is a must due to the current geopolitical developments
  • He added, “Together with our partners, we represent 20% of the global economy, and half of the foreign direct investments"

European External Action Service Spokesman Peter Stano has said the aim of presenting the working paper on cooperation with the Gulf Cooperation Council (GCC) is to establish a strategic partnership between the EU and the GCC.

Stano stated that this cooperation comes among other factors given the current geopolitical developments, adding that the European Union is stronger with its partners.

He added, “Together with our partners, we represent 20% of the global economy, and half of the foreign direct investments.”

He noted there the two parties have other areas of common interest such as climate, green transformation, and energy.

GCC Secretary-General, Nayef Falah Mubarak Al-Hajraf, had welcomed the European High Representative for Foreign Affairs and Security Josep Borrell’s announcement of the adoption of joint working paper of the European Parliament and the European Commission.

The working paper was on the “strategic partnership with the Gulf states” to expand and deepen the European Union’s cooperation with the GCC.