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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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

UAE forms new law to punish erring ministers and officials

  • People can submit complaints directly to the public prosecution
  • Those accused may see their travel permits revoked, and even assets frozen

The United Arab Emirates has framed new legislation to increase transparency among its ministers and senior officials.

UAE Vice-President Sheikh Mohammed bin Rashid Al Maktoum has announced on Twitter that President Sheikh Khalifa bin Zayed Al Nahyan has issued a decree law in this regard.

Sheikh Mohammed, also the prime minister and ruler of Dubai, said people could submit complaints — against ministers or senior officials who they feel are violating rules — to the public prosecution.

Those accused may see their travel permits revoked, and even assets frozen, he said, adding that anyone found guilty could also be relieved of their job.

He concluded: “Transparency is our priority in UAE. [sic]”

Read his tweets here:

The UAE is currently ranked 21 out of 180 countries in the Corruption Perceptions Index for 2020, as issued by global anti-corruption watchdog Transparency International.

Having obtained a score of 71 out of a possible 100, it is well above most — if not all — the countries in the region in transparency on that count.