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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.

Saudi presidency of ARADO Executive Council renewed for 2022-24

The membership has been renewed for 2022-24.
  • The renewal came at ARADO's  57th session held on May 19, 2022, at the organization's headquarters in Cairo,.
  • The memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.

The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization’s Executive Council for the period 2022-2024.

The renewal came at ARADO’s  57th session held on May 19, 2022, at the organization’s headquarters in Cairo, where also the memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.

The ARADO, which was founded in 1961 as a specialized body affiliated with the Arab League, is aimed at achieving administrative development in the Arab countries, to serve the comprehensive development strategy.

The organization directs its efforts and provides its services and programs to the Arab member states of the organization. The renewal process of the presidency and memberships of the Executive Council is carried out with unanimous approval of the member states of the organization during its General Assembly meeting.