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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.

Lebanon annual inflation surges more than 200%

A butcher's shop in Lebanon's capital Beirut. (AFP FILES PHOTO)
  • According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent
  • Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent

Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country’s Central Bank.

According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent.

Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent.

The latest statistics come after consumer prices hit a record high of 239.69 percent in January.