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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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

Greece to join US-led naval coalition against Houthi rebels

Huthis say they are firing missiles and drones on passing container ships in support of Palestinians in the Gaza war. (AFP)
  • A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias
  • As a foremost shipping nation, Greece had a "fundamental interest" in addressing a "massive threat" to global maritime transport, he said

Athens, Greece – Greece will join a US-led naval coalition to protect the Red Sea global shipping lane from Yemen’s Houthi rebels, the defense minister said Thursday.

A Greek navy frigate will join the task force on orders from Prime Minister Kyriakos Mitsotakis, said Defense Minister Nikos Dendias.

As a foremost shipping nation, Greece had a “fundamental interest” in addressing a “massive threat” to global maritime transport, Dendias said in a televised statement.

The task force announced by US Defense Secretary Lloyd Austin on Monday initially included Britain, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles and Spain.

The Iran-backed Houthis say their missile and drone strikes on passing container ships are in support of Palestinians in the Gaza war raging between Israel and Hamas since October 7.

The attacks in waters leading to the Suez Canal, a chokepoint for about 10 percent of global trade, have forced many shipping companies to divert their vessels.