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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.

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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.

EU representative to discuss stalled nuclear deal with Iran in Vienna

EU's nuclear coordinator Enrique Mora is scheduled to reach Austria for discussions with Iran. (AFP)
  • In late June, Qatar hosted indirect talks between Tehran and Washington in the hope of getting the process back on track -- but those talks did not lead to a breakthrough.
  • In a last-ditch effort, EU foreign policy chief Josep Borrell submitted a compromise proposal last Tuesday and called on the parties to accept it to avoid a 'dangerous crisis'.

The EU’s nuclear coordinator Enrique Mora is due in Austria Wednesday for talks with the Iranian delegation as the two sides seek to salvage the agreement on Tehran’s atomic ambitions.

“On my way to Vienna to discuss JCPOA back to full implementation,” he tweeted, referring to the 2015 deal intended to prevent Tehran developing a nuclear bomb.

Negotiations between Iran and world powers, which began in late November 2021 to reintegrate Joe Biden’s United States into the agreement, have been stalled since March.

In late June, Qatar hosted indirect talks between Tehran and Washington in the hope of getting the process back on track — but those talks did not lead to a breakthrough.

In a last-ditch effort, EU foreign policy chief Josep Borrell submitted a compromise proposal last Tuesday and called on the parties to accept it to avoid a “dangerous nuclear crisis”.

Iran was “optimistic” about the talks and said Wednesday it would send a delegation to Vienna.

Borrell said the draft text includes “hard-won compromises by all sides” and “addresses, in precise detail, the sanctions lifting as well as the nuclear steps needed to restore” the 2015 pact.

Signed by Iran and six powers — Britain, China, France, Germany, Russia and the United States — the JCPOA aims to guarantee the civilian nature of Iran’s nuclear program in exchange for a gradual lifting of sanctions.

But following the unilateral withdrawal of the United States in 2018 under Donald Trump and the re-imposition of US sanctions, Tehran has backtracked on its obligations.

Iran subsequently exceeded the JCPOA’s uranium enrichment rate of 3.67 percent, rising to 20 percent in early 2021.

It then crossed an unprecedented 60 percent threshold, getting closer to the 90 percent needed to make a bomb.