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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Mubadala sells 4.5 percent Oil Search stake for $275m

    Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has offloaded A$363 million ($274.82 million) share in Oil Search, which has major stakes in Papua New Guinea’s emerging liquefied natural gas (LNG) sector.

    Mubadala sold a 4.5 percent stake in Oil Search Ltd, the oil and gas producer said in a filing late on Thursday. Mubadala, an investor since 2008, sold 94 million shares on Tuesday, the filing showed, lowering its stake to 4.94 percent, below the 5 percent threshold to be considered a substantial shareholder in Australia.

    Mubadala, which initially bought a 17.6 percent stake in 2008, declined to participate in a A$1.16 billion capital raise conducted by Oil Search in April 2020.

    The state fund’s representative, Bakheet Al Katheeri, also stepped down from Oil Search’s board, the company said in a separate statement earlier on Thursday.