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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.
  • UAE to showcase its nuclear energy success in WANO meeting

    The Barakah Plant is spearheading the decarbonization of the UAE’s power sector by generating clean electricity and forms key component...

    The meeting is scheduled to be held in Prague, Czech Republic under the theme “One WANO – A Global Commitment to Nuclear Excellence,”

    Due to the Barakah Nuclear Energy Plant, a major strategic energy infrastructure project, the UAE is recognized as a global nuclear energy leader.

  • UAE, Egypt discuss cooperation in defense industries

    A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.

    The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.

    They discussed promoting partnerships between the defense industry of the two countries.

  • EU leaders try for common response to energy crisis

    EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with...

    EU leaders were discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines.

    Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices.

  • Egypt replants mangrove to fight climate change

    Sayed Khalifa, the head of Egypt's agriculture syndicate, calls the unique plants a "treasure" because of their ability to grow...

    After decades of destruction in Egypt that saw the mangroves cleared, all that remained were fragmented patches totaling some 500 hectares

    The stands of trees help filter out water pollution and act as a natural barrier against rising seas and extreme weather, shielding coastal communities from destructive storms

  • Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal

    Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from...

    The move buys time for a potential reconciliation between two parties

    Twitter said Tuesday it expects to close the buyout deal at the $54.20 price

  • Libyan Prime Minister defends oil, gas exploration deal with Turkey

    The question of rights to Libya's vast hydrocarbon resources has become more urgent this year as global energy prices have...

    "The Turkish-Libyan MoU is based on previous deals even prior to 2011," Libyan prime minister Abdulhamid Dbeibah said.

    The memorandum of understanding, three years after a controversial maritime border deal, sparked sharp reaction from Greece.

  • Kremlin says OPEC+ cut output to stabilize oil markets

    Moscow---The Kremlin said Thursday that an OPEC+ decision to sharply cut production was designed to stabilize global oil markets, after...

    Kremlin spokesman Dmitry Peskov it was proof that "some countries understand the absurdity" of Washington's demand for a price cap on Russian oil.

    The European Union has also proposed introducing a price cap on Russian oil as part of new sanctions over Ukraine.

  • Lebanon years away from gas riches despite Israel deal: analysts

    With the demand for gas rising worldwide because of an energy crisis sparked by Russia's invasion of Ukraine, Lebanon hopes...

    Following years of US-mediated negotiations, the rival states now appear to be nearing agreement

    A deal would allow "offshore exploration activities to continue, but that doesn't mean that Lebanon has become rich

  • Iran summons UK envoy to protest ‘meddlesome statements’

    Taking exception to what it calls interference in its internal affairs, Iran has summoned British ambassador Simon Shercliff to hear...

    Foreign ministry spokesman Nasser Kananiin, in an Instagram post, accused "Western governments" of meddling in Iran's affairs

    The British foreign ministry on Monday summoned Iran's top diplomat in London to criticise the way Iranian authorities are handling the protests

  • Israel eyes warmer KSA ties as crown prince turns PM

    As long as the Palestinian saga is open, Saudi Arabia will not have full normalization of ties with Israel. However,...

    Unlike the UAE, Saudi Arabia will need to do a lot of explaining to a population that is not largely expatriate.

    Experts say that even with the UAE, while trade and economic links exceed expectations, there is little progress on people to people movement.