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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.

Kushner, Ivanka Trump in Jerusalem for Abraham Accords initiative

Israeli Defence Minister Benny Gantz (L) shakes hands with Ivanka Trump alongside her husband Jared Kushner (C) during the inaugural event of the Abraham Accords Caucus, at Israel's parliament, the Knesset Ahmad GHARABLI AFP
  • Jared Kushner, a former White House adviser married to Ivanka Trump, was a major architect of the deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco
  • At the launch of the Abraham Accords Caucus in Israel's parliament, the Knesset, Kushner said the agreements created a "new paradigm" in the region

Israeli lawmakers flanked by former president Donald Trump’s daughter and son-in-law launched an initiative in Jerusalem on Monday to advance the Abraham Accords that saw Arab states normalise ties with Israel.

Jared Kushner, a former White House adviser married to Ivanka Trump, was a major architect of the deals between Israel and the United Arab Emirates, Bahrain, Sudan and Morocco.

At the launch of the Abraham Accords Caucus in Israel’s parliament, the Knesset, Kushner said the agreements created a “new paradigm” in the region, which could have “very different outcomes” depending on the actions of current leaders.

Critics of the Trump approach accused him of advancing Arab reconciliation with Israel as a substitute for meaningful efforts to advance the rights of the Palestinians.

The accords broke with decades of Arab consensus that there would be no relations with Israel while the Palestinian question remains unresolved.

Trump considered the accords a major foreign policy legacy.

They were signed by former prime minister Benjamin Netanyahu, who was cheered at Monday’s event, but the pacts have been fully supported by the coalition that ousted him in June.

Foreign Minister Yair Lapid, Netanyahu’s staunch political rival, said at the launch that he would work to “expand the circle of the Abraham Accords” during an upcoming visit to Washington.

Israeli media have reported on some frustration among Israeli officials about a lack of momentum from President Joe Biden’s administration to expand the accords engineered under Trump.

Biden’s Secretary of State Antony Blinken promised last month to encourage more Arab countries to recognise Israel to “keep normalisation marching forward.”

He is to meet in Washington next week with Lapid and UAE Foreign Minister Abdullah bin Zayed to discuss “progress made” since the signing of the pacts.

Several former top Trump administration officials were also in Jerusalem on Monday, coinciding with the launch.

Trump’s former ambassador to Israel David Friedman and ex-treasury secretary Stephen Mnuchin were due to open a museum exhibit.