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IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

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.

Erdogan announces Putin visit to Turkiye in August

Turkish President Recep Tayyip Erdogan.
  • Turkish president's remarks followed his Wednesday phone call with Putin, in which they agreed Putin would visit to Turkiye in the coming days
  • Erdogan told Putin that Turkiye will continue its "intense" efforts and diplomacy for resumption of the Black Sea grain deal

Ankara, Turkiye – Turkish President Recep Tayyip Erdogan on Friday announced that his Russian counterpart Vladimir Putin would visit Ankara during August, adding that the date has not yet been set.

“The date is not clear, but the foreign minister, head of the intelligence organization, they are all holding talks,” Erdogan told reporters today.

Erdogan’s remarks followed his Wednesday phone call with Putin, in which they agreed Putin would pay a visit to Turkiye in the coming days.

Erdogan also told Putin that Turkiye will continue its “intense” efforts and diplomacy for resumption of the Black Sea grain deal.

On July 17, Russia suspended its participation in the deal, which it signed in July 2022 along with Turkiye, the UN, and Ukraine to resume grain exports from Ukrainian Black Sea ports which were paused after the Russia-Ukraine war began in February. Moscow has complained that the Russian part of the agreement was not being implemented.