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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.

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Total income rose by 12 percent in the same period.

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Q2 pre-tax net profit increases by 14 percent.

Partnerships, collaborations signed during Global Aerospace Summit 2022

The event is hosted by Mubadala.
  • LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF).
  • Sanad and Triumph Group sign MoU outlining their plans to collaborate on the provision of next-generation engine MRO capabilities in UAE.

Several partnerships and collaboration agreements were signed between leading aerospace, aviation, space and defense organizations during the sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala.

During the summit, LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF).

LeoLabs will deliver its LEO data and services platform and a full set of training to empower JASDF operators to utilize a range of data and tools, including tracking and monitoring, collision avoidance among other services.

Sanad and Triumph Group also signed a Memorandum of Understanding (MoU) outlining their plans to collaborate on the provision of next-generation engine Maintenance, Repair and Overhaul (MRO) capabilities in the UAE.

This agreement between both parties aims to collaborate to provide critical MRO solutions for multiple engine types for aerospace and aviation industry operators across the Middle East and Africa (MEA) region.

The parties also intend to jointly provide MRO solutions for V2500, CFM and GE90 engine accessory repairs and overhauls.

This edition of the Summit is the first in-person edition of the Summit since the 2018 edition, welcoming around 1,000 C-level leaders, experts and specialists from across the aviation, aerospace, space and defense sectors.

The interactive Summit programme is designed to foster collaboration, encourage partnerships and provide bold, disruptive solutions.

In addition, the 2022 event added new elements such as a dedicated start-up mentorship clinic lead by Aerospace Xelerated, and technology leadership briefings, focused on implementation of technology in the aerospace sector.