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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.

Nayifat CEO resigns

  • Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
  • The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity

Abdulmohsen Abdulrahman Musaed Al-Sowailem, CEO of Nayifat Finance Co., has resigned from his job, according to a company statement.

Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing

The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity.