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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

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.

Iraq to cut out carbon emissions in full by 2025

To achieve the goal, the government will need to allocate $3 billion for the next four years.
  • He said that Iraq will stop burning associated gas permanently in 2025
  • "At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions”

In order to cut out carbon emissions completely, Iraq will stop burning associated gas permanently in 2025. This was stated by the Iraqi Deputy Prime Minister and Minister of Finance Ali Abdulamir Allawi at the Middle East Green Initiative Summit in Riyadh.

He said that Iraq will stop burning associated gas permanently in 2025, which requires the government to allocate an exceptional budget exceeding $3 billion for the next four years.

“At this summit, we seek to start developing plans to transform the future of our countries and all their economies to a green future free of emissions,” Iraqi Deputy Prime Minister said.

This came during his participation in the “Middle East Green Initiative Summit’, inaugurated in Riyadh by Mohammed bin Salman, Crown Prince, where he expressed his thanks to the leadership of the Kingdom of Saudi Arabia for inviting Iraq to participate in this important summit.