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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.

Kuwait puts off first parliament session until mid-October

Kuwaiti candidate Alia al-Khaled celebrates with her supporters following the announcement of her victory in the parliamentary elections, in Kuwait city. (AFP)
By TRENDS Desk
October 9, 2022 11:15 am
  • The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls
  • The government has not taken the constitutional oath because of the objection of more than 40 members of parliament

Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18, according to media reports.

The news agency KUNA said in a statement: “The National Assembly’s first regular session of the 17th legislative term is adjourned until Oct. 18, head of Kuwait’s Center for Government Communication and spokesman Tareq Al-Mizrem said Saturday.”

“This came in line with Article 106 of the constitution, Al-Mizrem wrote on CGC’s Twitter account,” it added.

The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls.

The government has not taken the constitutional oath because of the objection of more than 40 members of parliament.

Local media said ministers of the old cabinet had resigned.

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