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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.

Turkey’s Erdogan to visit Russia for talks with Putin

"The multipolar world is already a reality that the globalists will be unable to 'cancel," says Sergey Naryshkin, the chief of Russia’s foreign intelligence service.
  • Kremlin spokesman Dmitry Peskov told reporters that a meeting was being prepared "intensively", without giving a time or place for the talks.
  • Erdogan has used his good relations with Russia and Ukraine to try to bring the two sides into formal peace talks.

ANKARA, TURKEY – Turkish President Recep Tayyip Erdogan is to visit Russia “soon” for talks with Vladimir Putin on reviving a deal to ship grain across the Black Sea, his party spokesman said on Monday.

The meeting will take place in Russia’s resort city of Sochi, Erdogan’s ruling party spokesman Omer Celik told reporters, adding that Turkey hoped to avert a looming “food crisis”.

The Bloomberg news agency had earlier reported that Erdogan could meet the Russian leader on September 8 before Erdogan travels to New Delhi to attend a G20 summit.

Kremlin spokesman Dmitry Peskov told reporters that a meeting was being prepared “intensively”, without giving a time or place for the talks.

Erdogan has used his good relations with Moscow and Kyiv to try to bring the two sides into formal peace talks.

Turkey helped negotiate the only major agreement signed by the warring sides since the February 2022 invasion – a deal to ship grain from three Ukrainian ports across the Black Sea.

Russia scuppered the UN-backed agreement last month, launching repeated attacks on Ukrainian port infrastructure and warning that it may consider any ships in the Black Sea as military targets.

Erdogan is trying to revive the pact, hoping to use it as a springboard for broader peace talks.