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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 president Sheikh Mohamed Zayed to visit Putin in Moscow

This would be Sheikh Mohamed's third foreign visit since he took over as the president. (WAM)
  • Tuesday's visit will be Sheikh Mohamed's third foreign trip since officially taking the reins as president following the death of his brother Sheikh Khalifa bin Zayed Al Nahyan.
  • The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices.

Abu Dhabi, UAE—The United Arab Emirates’ president will Tuesday visit his Russian counterpart Vladimir Putin, state media reported, one of the few leaders to make the trip to Moscow since the Ukraine war started.

Sheikh Mohamed bin Zayed Al-Nahyan “will discuss with President Putin the friendly relations between the UAE and Russia along with a number of regional and international issues and developments of common interest,” the UAE’s state news agency WAM said Monday.

The visit comes days after the Saudi-led OPEC oil cartel and its allies including Russia, known as OPEC+, decided to cut oil output in a bid to raise prices, despite appeals from the United States to increase production.

Gulf countries, which typically enjoy positive relations with Moscow, have shied away from criticising Russia’s invasion of Ukraine.

In March, just weeks into the invasion, Qatar’s foreign minister headed to the Russian capital for talks on Iran’s nuclear deal and the conflict in Ukraine.

Tuesday’s visit will be Sheikh Mohamed’s third foreign trip since officially taking the reins as president following his brother’s death in May.