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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.

NATO urges Turkey to pass Sweden’s NATO membership plea

President Erdogan, who is starting a third term in office, has said tackling inflation is a top priority. (AFP)
  • "Sweden has taken significant concrete steps to meet Turkey's concerns," NATO chief Stoltenberg told reporters after meeting President Recep Tayyip Erdogan.
  • Erdogan has accused Sweden of being a haven for "terrorists", especially members of the Kurdistan Workers' Party (PKK), a group blacklisted by Turkey.

Istanbul, Turkey – NATO chief Jens Stoltenberg on Sunday called on Ankara to drop its opposition to Sweden’s bid to join the defense alliance, saying Stockholm has addressed Turkey’s security concerns.

“Sweden has taken significant concrete steps to meet Turkey’s concerns,” Stoltenberg told reporters after meeting President Recep Tayyip Erdogan. “Sweden has fulfilled its obligations.”

Stoltenberg attended on Saturday the inauguration of Erdogan, who was re-elected to serve another five years, in a lavish ceremony joined by dozens of world leaders in the capital Ankara.

NATO member Turkey has dragged its feet over admitting Sweden to the military alliance. It and Hungary are the only two member countries yet to ratify the membership bid.

Finland formally joined the alliance in April.

Erdogan has accused Sweden of being a haven for “terrorists”, especially members of the Kurdistan Workers’ Party (PKK), a group blacklisted by Turkey and its Western allies.