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.

Saudi Crown Prince arrives in India for G20 summit

Saudi Arabia's Crown Prince Mohammed bin Salman is spearheading Vision 2030, which depends on oil revenues. (AFP)
  • The head of the Arab world's largest economy was greeted on the tarmac in New Delhi by a troupe of women dancing to folk music
  • He is expected to sign an infrastructure agreement with the United States and other G20 members to explore the building of a rail and shipping network

New Delhi, India – Saudi Arabian Crown Prince Mohammed bin Salman arrived Saturday for the G20 Summit in India, television broadcasts showed, as the bloc prepares to discuss issues from Ukraine to climate change.

The head of the Arab world’s largest economy was greeted on the tarmac in New Delhi by a troupe of women dancing to folk music.

He is expected to sign an infrastructure agreement with the United States and other G20 members to explore the building of a rail and shipping network that links the Middle East to India and Europe.

His visit comes at a time when Washington is actively engaging with the kingdom, encouraging it to normalize ties with Israel.

“This has been the result of months of careful diplomacy, quiet, careful diplomacy, bilaterally and in multilateral settings,” US Deputy National Security Advisor Jon Finer said Saturday.

This project “has enormous potential but exactly how long it takes, I don’t know,” Finer added.

The agreement to discuss the project could be among the most tangible outcomes of the summit, with G20 leaders divided over Russia’s war in Ukraine and gridlocked on finding an agreement to slash carbon emissions.