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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.

Kaspersky now a ‘security threat’

The designation will restrict Kaspersky’s dealings in the United States. AFP File Photo
  • The US Federal Communications Commission has added Kaspersky to a threat list
  • This effectively blocks the firm from being paid with certain US government subsidies

US regulators have deemed antivirus software maker Kaspersky a “threat to national security,” a designation that will restrict its dealings in the United States.

The Federal Communications Commission has added Kaspersky to a threat list — which blocks paying the firm with certain US government subsidies — that also includes Chinese companies like Huawei and ZTE.

The FCC’s statement released Friday did not mention Russia’s invasion of Ukraine, but Kaspersky responded to the designation by saying it was imposed “on political grounds.”

“This decision is not based on any technical assessment of Kaspersky products,” the firm added in a statement.

German cyber security agency BSI urged consumers earlier this month against using Kaspersky’s antivirus software, warning that the company could be implicated — willingly or unwillingly — in hacking assaults amid Russia’s war in Ukraine.

The addition of Kaspersky to the threat list blocks money from the FCC’s fund that supports telecommunications in rural areas.