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IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

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.

UN calls for end of stalemate in Iraq

The United Nations Assistance Mission for Iraq has called for finding a "sincere collective will" to end the political stalemate in the country. File/AFP
  • The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all Iraqis
  • The UN mission urged political leaders in Iraq to assume their responsibilities and expedite the process of forming the government

The United Nations Assistance Mission for Iraq (UNAMI) has called for finding a “sincere collective will” to end the political stalemate in the country, urging Iraqi leaders to agree to form a government without delay.

The mission underlined, in a statement on Monday, the importance of overcoming the political stalemate for the benefit of all Iraqis, saying a sincere collective will to resolve political differences should prevail now in order for the country to move forward to meet the needs of its citizens.

The UN mission urged political leaders in Iraq to assume their responsibilities and expedite the process of forming the government, observing the constitutional timeframes, and agreeing without further delay on a government which is quickly and decisively capable to address Iraq’s long list of pending local priorities.

Iraq is entering into a “political blockage” between its political blocs, in light of a desire to form a national majority government, to be matched by another party calling for the formation of a consensual government with each party’s commitment to its demand.