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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 virus surge strains health system after Covid unit fire

    • The country reports highest number of Covid cases this month at 9,635

    • Nearly 1.5 million Covid-19 cases have been reported in Iraq so far

    Iraq’s health ministry reported 9,635 new coronavirus cases Wednesday, the highest figure this month, days after a medical facility fire killed dozens and re-ignited anger over the country’s failing health system.

    Nearly 1.5 million Covid-19 cases have been reported in Iraq since the start of the pandemic, including more than 17,000 deaths, overwhelming hospitals crippled by decades of conflict and corruption.

    The newly spiking caseload comes two days after a flames ripped through a Covid quarantine facility in the southern city of Nasiriya on Monday, killing at least 60 people.

    Exploding oxygen canisters sparked a fire that also injured dozens, according to the health ministry.

    It was the second such fire in Iraq in three months.

    An April fire at a Baghdad Covid hospital killed 82 people and was also blamed on an explosion of badly stored oxygen bottles.

    Iraq’s hospitals have been worn down by decades of conflict, graft and poor investment, and face severe shortages of medicines and hospital beds.

    (With AFP inputs)