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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.

Morocco, Algeria slam France’s decision to slash visas

France has decided to slash the number of visas available to nationals from Algeria, Morocco and Tunisia. © Mehdi Fedouach, AFP
  • In Morocco, Foreign Minister Nasser Bourita told reporters the French decision was “unjustified”
  • Many of its Tunisian citizens displayed their concern Wednesday in front of the offices of TLS Contact, the private company authorised to receive applications for France

Morocco and Algeria have expressed their dismay at France’s decision to reduce the number of visas granted to nationals from Maghreb countries, with Algeria summoning the French ambassador in protest.

France on Tuesday said it would sharply reduce the number of visas granted to people from Algeria, Morocco and Tunisia, accusing the former French colonies of not doing enough to allow illegal immigrants to return.

The move prompted Algiers to summon French ambassador Francois Gouyette and hand him “a formal protest” on Wednesday, the foreign ministry said in a statement, adding that the visa reduction caused “confusion and ambiguity as to its motivation and its scope”.

In neighbouring Morocco, Foreign Minister Nasser Bourita told reporters the French decision was “unjustified” and “does not reflect the reality of consular cooperation in the fight against irregular migration”.

Unlike its neighbours, Tunisia has not reacted officially, but many of its citizens displayed their concern Wednesday in front of the offices of TLS Contact, the only private company authorised to receive applications for France.

On Tuesday, French government spokesman Gabriel Attal told Europe 1 radio that it was “a drastic decision, and unprecedented, but one made necessary by the fact that these countries are refusing to take back nationals who we do not want or cannot keep in France”. 

The station said French President Emmanuel Macron took the decision a month ago after failed diplomatic efforts with the three North African countries.