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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

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The company posted a net profit of $692m.

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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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Oman’s Sultan to visit Iran on President Ebrahim’s invitation

The visit seeks promoting cooperation between Oman and Iran in different spheres.(AFP)
  • The visit which will kick off on Sunday follows a Chinese-brokered rapprochement deal between Saudi Arabia and Iran announced in March.
  • The visit comes a year after Iranian President Ebrahim Raisi visited Muscat -- a trip that saw the two countries sign a string of trade deals.

Muscat, Oman – Oman’s Sultan Haitham bin Tariq will embark on a two-day visit to Iran this week, Omani state media said Wednesday.

The visit which will kick off on Sunday follows a Chinese-brokered rapprochement deal between Saudi Arabia and Iran announced in March.

“Sultan Haitham bin Tariq will go on an official two-day visit to Iran… in response to an invitation from the Iranian president,” the official Oman News Agency said.

“The visit will also touch on means of promoting cooperation between Oman and Iran in different spheres.”

The visit comes a year after Iranian President Ebrahim Raisi visited Muscat — a trip that saw the two countries sign a string of trade deals.

Oman has close ties with Iran and played a mediating role between Tehran and Washington in the build-up to a nuclear deal reached in 2015.

Stop-start talks began in April last year to restore the deal, after the US unilaterally withdrew from it in 2018 and reimposed sanctions on Iran, prompting Tehran to roll back its commitments.