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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 to speed up real-estate title registration

Mining and quarrying activities drove the rise in IPI.
  • Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
  • The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds

The Saudi Ministry of Justice (MoJ) and the Ministry of Municipal and Rural Affairs and Housing (MoMRA) have signed a memorandum of cooperation to speed up procedures for real-estate title registration, official sources have said.

The move is expected to raise the country’s ranking in relevant international indexes.

“The memorandum provides for the formation of a mutual committee for facilitating real-estate tasks, preparing a plan for the application of property ID to all title deeds, and studying joint property title deeds,” the MoJ said.

The committee is also expected to undertake the governance of procedures for planning, partitioning, division, and surveying decisions, besides the issuance of grant title deeds.

It will also reportedly supervise digital integration related to property works.

The step is said to be part of the collaboration between the two ministries aiming to improve services, enhance efficiency, and achieve common goals.