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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.

Egypt ties up with Sudan to map geothermal energy potential

  • With the world moving away from fossil fuels, countries across the world are turning to alternate sources of energy
  • This cooperation could help Sudan along those lines, as it looks to power more and more industries and households

Egypt and Sudan will implement several joint projects to create detailed maps on geothermal energy, local reports have said.

The two countries will also expand the installation of fixed and mobile seismic stations, the reports quoted Gad El Qadi, the head of Egypt’s National Research Institute of Astronomy and Geophysics as saying.

Qadi’s announcement came during the meetings of the Egypt-Sudan higher committee on geophysical surveys and the prevention of natural hazards on Tuesday.

Such meetings are the result of cooperation between Egypt and Sudan over the past few years that included organizing a number of training courses and scientific workshops, the reports quoted the NRIAG head as saying.

On his part, Geological Research Authority of Sudan (GRAS) Director General Mohammed Saeed Zain Al-Abideen said the meetings discussed the possibility of fostering cooperation between the two countries on geophysics and the study of natural and hydrological hazards.

GRAS seeks through this cooperation to make a seismic map of Sudan and study the earth’s crust, as well as raise the capabilities of Sudanese geophysical cadres, Al-Abideen added.

With the world moving away from fossil fuels, countries across the world are turning to alternate sources of energy.

This cooperation could help Sudan along those lines, as it looks to power more and more industries and households.