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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.

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Lebanon looks to import gas from Egypt

Lebanon Prime Minister Najib Mikati,
  • Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
  • Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea

Lebanon Prime Minister Najib Mikati, who is on an official visit to Egypt discussed the prospect of importing gas from the country. 

Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday in the presence of an accompanying Lebanese official delegation including Minister of Youth and Sports, George Kallas, and Lebanon’s Ambassador to Egypt, Ali Al-Halabi. 

On the Egyptian side, Egyptian Minister of Energy, Mohamed Shaker, and Egyptian Minister of Petroleum, Tarek El-Molla, attended the meeting. 

Discussions reportedly focused on the process of exporting Egyptian gas from Egypt to Lebanon.

Meanwhile, both sides agreed to sign a preliminary agreement between Lebanon, Egypt, Jordan, and Syria.  

Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea. 

It was also agreed to export Lebanese agricultural produce to Egypt.