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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.

UAE and China resolve to bolster economic ties

UAE President Sheikh Mohammed bin Zayed Al Nahyan with China's President Xi Jinping. (WAM File)
  • President Xi Jinping thanked Sheikh Mohammed bin Zayed for attending the opening ceremony of the Olympic Winter Games
  • Sheikh Mohammed attended a grand banquet hosted by the Chinese president to welcome the dignitaries from across the world

Key leaders of the UAE and China discussed ways to bolster relations and increase cooperation in investment and economy between the two countries during a meeting in Beijing on Saturday.

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Xi Jinping, President of China took stock of the latest regional and global issues of common concern when the Chinese leader received Sheikh Mohamed and his accompanying delegation.

President Xi Jinping welcomed the visit of Sheikh Mohamed bin Zayed, expressing his pleasure at meeting him in Beijing and thanking him for attending the opening ceremony of the Beijing 2022 Olympic Winter Games.

Sheikh Mohammed also congratulated President Xi Jinping on the occasion of the “Chinese New Year”, wishing it to be a year of good, peace and prosperity for China and its friendly people. The visiting leader expressed his thanks to the Chinese president for inviting him to attend the Games. He praised the opening ceremony and the high level of organization of the Games, especially as it is being held under the COVID-19 pandemic. He also wished it success in strengthening bridges of understanding and friendship among the world’s youth, thus solidifying the foundations of peace and coexistence on the international arena.

During the meeting, the leaders reviewed the friendly relations and areas of the comprehensive strategic partnership between the UAE and the People’s Republic of China and the most promising opportunities to develop them, especially in the investment, economic, scientific and cultural fields in order to achieve the common interests of the two countries and their friendly peoples. They also touched on a number of regional and international issues of common interest and exchanged views on developments in the Middle East, stressing their common keenness to work for peace, development and stability in the Middle East region.

Sheikh Mohammed attended a grand banquet hosted by the Chinese president to warmly welcome the dignitaries from all around the world attending the opening ceremony of the Beijing Olympic Games.