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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.

Iraq seeks to boost relations with Algeria in multiple sectors

The two sides confirmed their stance to support the Palestinian cause. (Twitter)
  • The Algerian Foreign Minister noted his country's desire to enhance communication with Iraq.
  • Both the countries are looking to face common challenging issues like energy and food security.

Prime Minister Mustafa Al-Kadhimi affirmed Saturday Iraq aspires to strengthen the relations with Algeria in various fields.

“PM Al-Kadhimi received the Minister of Foreign Affairs of the People’s Democratic Republic of Algeria, Ramtane Lamamra, and the accompanying delegation,” local media reported.

They discussed bilateral relations between the two nations, including common challenging issues like energy & food security, which arose due to Ukraine war.

The Algerian Foreign Minister noted his country’s desire to enhance communication with Iraq and strengthen mutual cooperation relations.

The two sides confirmed their stance to support the Palestinian cause and for the Palestinian people to obtain their full rights.

Al-Kadhimi praised the Algerian government for supporting the Palestinian national reconciliation measures and the unity of the Palestinian ranks.

This includes importance of concerted efforts strengthening the mechanisms of joint Arab action, and confronting the challenges witnessed in the region.

They reviewed preparations for the Arab summit in Algeria on 1 November, and the work of Algerian-Iraqi joint committee to discuss their relations.

The 14th session of the joint committee is scheduled to be held in Algeria at end of 2022.