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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.
  • EU okays new sanctions on Russia post Ukraine annexation

    The latest package -- the eighth since Russia's invasion in February -- is now going through a final approval procedure...

    Details of the sanctions were not given, but imposition of a price cap on Russian oil exported globally is the likely decision.

    They could also expand the blacklist of people subject to EU travel bans and asset freezes for their role is supporting Kremlin.

  • Jordan king discusses trade, regional issues in talks with Oman sultan

    The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy.

    The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy

    King Abdullah expressed appreciation for Oman’s position and continuous efforts to bolster security and stability in the region

  • IMF chief says BOE acted quickly to UK budget proposal

    Prime Minister Liz Truss on Sunday conceded she should have better prepared Britain for her plan, which went further than...

    "We cannot have fiscal policy working against the monetary policy by providing untargeted policy support", IMF chief Kristalina Georgieva said Tuesday

    UK Finance Minister Kwasi Kwarteng on September 23 announced the debt-driven mini-budget, which slashed taxes and sparked market turmoil

  • Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup

    Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...

    Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer during the upcoming World Cup, TRENDS Investigation reveals

    Whoever had a valid passport and got three doses of Covid-19 vaccination jumped on the ‘clapping’ bandwagon, one of the clappers flying to Qatar tells TRENDS

  • Germany to continue with $198bn energy fund despite EU criticism

    Germany pushed back against critics of a 200-billion-euro ($198-billion) energy fund, as Berlin faces fresh accusations it is going it...

    France and key members of the European Commission are asking for EU-wide solutions to the energy crunch aggravated by the Ukraine war.

    They fear that European countries with high debts cannot afford the largesse demonstrated by Germany, the EU's biggest economy.

  • UAE free zone residence visas now valid for two years

    The visas currently under process, even those in the last stages of completion, will also be valid for two years...

    The decision comes into effect from October 3, 2022. Earlier, the residence visas were valid for three years.

    The UAQ Free Zone says that all residence visas or Emirates IDs issued for three years will be valid until renewal.

  • Lebanese man storms bank to demand money for son in Ukraine

    Banks in the country, mired in an economic crisis for more than two years, partially reopened last week under strict...

    The armed pensioner, in his 50s, demanded access to the 24,000 dollars in frozen funds in his account.

    He was detained, his brother said, and it was unclear whether he had been able to release any of his savings.

  • Saudi Arabia, China sign agreement on air transport

    The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and...

    The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart

    It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.

  • US to impose ‘further costs’ on Iran over protests crackdown

    Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for...

    Iran has been under crippling US economic sanctions largely related to its controversial nuclear program which Tehran insists has only civilian purposes

    Biden said that he was concerned about reports of the violent crackdown on peaceful protestors in Iran, including students and women

  • Rubbish reform: changes to waste management could slash emissions

    Governments around the world have pledged to reduce emissions of methane (CH4) - which absorbs 80 times more solar radiation...

    A new report by the GAIA found that simple tweaks in the waste sector could slash carbon emissions by the equivalent of the annual emissions of 300 million cars

    The researchers modelled potential emissions reductions from eight cities around the world and found that, on average, they could cut waste sector emissions by almost 84 percent