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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.

France’s President to visit Algeria to ease tensed relations

Macron is to be in Algeria from Thursday to Saturday next week. (AFP)
  • French-Algerian ties hit a low late last year after Macron reportedly questioned whether Algeria had existed as nation before the French invasion
  • The North African country won its independence from France following an eight-year war, which ended with the signing in March 1962 of the Evian Accords.

French President Emmanuel Macron will visit Algeria next week in a bid to improve strained ties between Paris and Algiers, the French presidency said in a statement Saturday.

“This trip will contribute to deepening the bilateral relationship looking to the future… to reinforce Franco-Algerian cooperation in the face of regional challenges and to continue the work of addressing the past,” the presidency said after a call between Macron and his opposite number Algerian President Abdelmadjid Tebboune.

Macron is to be in Algeria from Thursday to Saturday next week.

French-Algerian ties hit a low late last year after Macron reportedly questioned whether Algeria had existed as a nation before the French invasion and accused its “political-military system” of rewriting history and fomenting “hatred towards France”.

Algeria withdrew its ambassador in response, but the two sides appear to have mended ties since.

The North African country won its independence from France following a grueling eight-year war, which ended with the signing in March 1962 of the Evian Accords.

On July 5 of the same year, days after 99.72 percent voted for independence in a referendum, Algeria finally broke free from colonial rule — but memories of the 132-year occupation continue to haunt its ties with France.