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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.

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.

Lebanese army stops boat carrying 90 people off coast

The number of people attempting to make deadly sea crossings out of Lebanon has surged.
  • Women and children were among the group intercepted Friday by a navy patrol off the coast of Qalamoun in northern Lebanon
  • The boat almost sank in bad weather but all on board were rescued and taken to the shore, says Lebanese army

The Lebanese army said Saturday it had stopped a boatload of 91 people including Syrian and Palestinian refugees from departing Lebanon illegally.

Women and children were among the group intercepted Friday by a navy patrol off the coast of Qalamoun in northern Lebanon, the army said.

It said the boat almost sank in bad weather and that all on board were rescued and taken to shore.

The statement did not specify their intended destination.

The Republic of Cyprus, a European Union member just 160 kilometres (100 miles) away, is a common destination for would-be migrants trying to flee Lebanon, which is mired in economic and political crisis.

On Friday the Lebanese security forces said they had thwarted an attempt by 82 people to illegally cross by sea from the Lebanon into Europe.

The Internal Security Forces said they raided a “tourist resort”in the Qalamoun area on Thursday after being tipped off.

They found “82 people, including men, women, and children, who were planning to head to Europe via sea in an illegal manner for a fee of $5,000 per person”, without specify their nationality.

The number of people attempting to make deadly sea crossings out of Lebanon has surged since the country’s financial crisis began in 2019.

Most of the would-be migrants are already refugees who fled the war in neighbouring Syria, but an increasing number of Lebanese nationals are also attempting the perilous journey.

Around 80 percent of Lebanon’s population is estimated to be living under the poverty line, as defined by international organisations, and the Lebanese pound has lost 90 percent of its value against the dollar on the black market.

Lebanon says it hosts more than 1.5 million Syrians, nearly a million of whom are registered as refugees with the UN.

Official estimates put the number of Palestinian refugees in the country at 180,000 but the actual number could be as high as 500,000.