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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.

Iraq and Jordan to set up economic city on common border

A crossing at Iraq-Jordan border.
  • The Iraqi-Jordanian Company for Industry, which will carry out the project, urged international companies to make a bid
  • The economic city is expected to boost trade cooperation between the two countries and achieve integration in many fields

Amman, Jordan–Jordan and Iraq announced on Sunday an international tender to set up a joint economic city on the two countries’ common border.

In a statement, Jordanian Ministry of Industry and Trade said the tender includes preparing studies, designs, engineering plans, developing, financing, implementing, managing, investing, promoting and operating the economic city, as well as sustaining and maintaining its facilities.

The statement added that the Iraqi-Jordanian Company for Industry, which will carry out the project, called on interested international parties specialized in the construction of economic cities, development zones and free zones to bid.

According to the statement, Jordanian Minister of Industry and Trade Yousef Al Shamali and Iraqi Minister of Industry and Minerals Khaled Battal Al Najm noted that the project is important to enhance economic cooperation between the two countries and achieve integration in many fields.

The two ministers said that they reached an advanced stage to start implementing this strategic project, which will strongly boost economic cooperation and attract Arab and foreign investments.