Search Site

Trends banner

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.

Macron wants ‘a calming down’ in France-Algeria relations

Media reported that French president Emmanuel Macron had told descendents of Algeria's war of indpendence that the North African country was ruled by a "political military system" that had "totally re-written" its history SEBASTIEN BOZON POOL/AFP
  • Algeria over the weekend recalled its ambassador from Paris and banned French military planes from its airspace
  • Algiers was also angered last week after France said it would sharply reduce the number of visas it grants to citizens of Algeria, Morocco and Tunisia

French President Emmanuel Macron said on Tuesday he hoped that relations with Algeria could become pacified after a row over visas and critical comments by Paris towards Algiers.

“My wish is for a calming down because I think it’s better to talk and to make progress,” Macron told the France Inter broadcaster, adding that his relations with Algerian President Abdelmadjid Tebboune were “truly cordial”.

Algeria over the weekend recalled its ambassador from Paris and banned French military planes from its airspace, which France regularly uses to reach its forces battling jihadists in the Sahel region.

That came after a bitter row over visas, followed by media reports that Macron had told descendants of Algeria’s war of independence that the North African country was ruled by a “political-military system” that had “totally re-written” its history.

Algiers was also angered last week after France said it would sharply reduce the number of visas it grants to citizens of Algeria, Morocco and Tunisia.

Paris said the decision had been made necessary by the former colonies’ failure to do enough to allow illegal migrants in France to be returned.