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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.

King Abdulaziz Port records highest daily container throughput

The King Abdulaziz Port in Dammam is the Kingdom’s key trade gateway on the Arabian Gulf coast.
  • The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
  • The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.

The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume of 18,020 TEUs on a single vessel.

The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.

Additionally, the landmark milestone was reached when COSCO Shipping Capricorn docked at the Dammam port.

Capricorn is a giant container vessel originating from the Far East with an overall length of 400m and a carrying capacity of 20,000 TEUs.

This not only attracts modern fleets and shipping lines to its shores but also fulfils the objectives of the Saudi Ports Authority (Mawani) and the National Transportation and Logistics Strategy (NTLS).

It aims to upgrade the operational and logistical productivity, performance, and capability of local ports and transform the Kingdom into a global logistics hub that provides world-class maritime services.

The King Abdulaziz Port in Dammam is the Kingdom’s key trade gateway on the Arabian Gulf coast which serves as a global and regional center of excellence for logistical and maritime services to importers and exporters alike.