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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.

  • Poppy growth down 95% in Afghanistan since Taliban ban: UN

    The UNODC warned of potential "humanitarian consequences for many vulnerable rural communities" due to the sudden contraction of Afghanistan's opium economy, as growers have had to turn to far less lucrative alternative crops. Farmers' incomes, estimated at $1.36 billion in 2022, have fallen by 92 percent to $110 million this...

  • Half a ton of heroin seized from unflagged boat in Arabian Sea

    Abu Dhabi, United Arab Emirates--The French navy seized nearly half a ton of heroin and 3.5 tons of cannabis resin when it intercepted an unflagged boat in the Arabian Sea, it said Monday.It seized the drugs with an estimated value of 50 million euros after its frigate Guepratte spotted the dhow...

  • Abu Dhabi Police intercept 1.5 tons of contraband, worth $40m

    This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the FATF, where it was put earlier this month.

  • Sharjah Police arrest 6 for smuggling drugs worth $9.5 million

    Sharjah Police’s Anti-Narcotics Department recently seized 215 kg drugs with a market value AED35 million ($9.53 million) The cops seized 209 kg of crystal meth and 6.7 kg of heroin and opium in 182 boxes from them Sharjah Police’s Anti-Narcotics Department recently seized 215 kg drugs with a market value...