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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.

Saudi Arabia takes offense at EU duties

The new strategy also aims to increase local investments to 1.7 trillion riyals annually by 2030.
By TRENDS Desk AFP
August 20, 2021 2:23 pm
  • In the complaint, dated Aug. 17 but circulated to WTO members on Thursday, Saudi Arabia charges that the EU unfairly imposed provisional anti-dumping duties
  • The chemical compound is used in a variety of industrial processes, including to produce polyester fibers and components for manufacturing plastic bottles

Saudi Arabia has filed a World Trade Organization complaint over EU anti-dumping duties on imports of a chemical compound used to make synthetic fibers and plastic bottles, according to a document published on Thursday.

In the complaint, dated Aug. 17 but circulated to WTO members on Thursday, Saudi Arabia charges that the EU unfairly imposed provisional anti-dumping duties on imports of mono-ethylene glycol.

The chemical compound is used in a variety of industrial processes, including to produce polyester fibers and components for manufacturing plastic bottles.

It is also used in the production of engine coolant for the automotive industry, as antifreeze, solvents and a dehydration agent in natural gas pipelines, among other things.

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