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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.
  • AD Ports, Kazakhstan Railways form venture to boost services

    Abu Dhabi, UAE - AD Ports Group signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways to form a joint venture (JV) to enhance rail connectivity, maritime shipping services.This includes development of operations in Kazakhstan’s ports, accelerate digital transformation and connectivity in Central Asia.The joint venture, owned 51 percent...
  • Iran and Syria sign agreement to build rail connection via Iraq

    Tehran, Iran-- Iran and Syria have signed an agreement to connect the rail network between the two countries through Iraq.Mehrdad Bazrpash, Iran's Minister of Roads and Urban Development, made the announcement at the inauguration ceremony of the construction of the Shalamcheh-Basra railway on Saturday. "The construction of the Shalamcheh to Basra...
  • Iraq plans ambitious Europe-Middle East road, rail project

    Iraq presented an ambitious plan to turn itself into a regional transportation hub by developing its road and rail infrastructure, linking Europe with the Gulf and other Middle East countries. Once completed, the US$17 billion project known as the "Route of Development" would stretch 1,200 kilometers from Turkey to the...
  • Greece, Italy to discuss rail ‘restart’ after tragedy: PM

    Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains run by an Italian state company. The Prime Minister Kyriakos Mitsotakis told reporters that he will discuss the way in which the Italian government will be able to support the...
  • Egypt’s train derailment in north kills two and injuries 16

    In the latest rail tragedy to hit Egypt, two people were killed and many more injured at Qalyub north of Cairo. According to the country's health ministry, the injured are in a stable condition. An earlier toll provided by the ministry said that one person died and 16 were wounded,...
  • JAHEZIYA, Enekom ink pact

    Pact aims to expand railway solutions, technology in region.
  • Germany investigates ‘sabotage’ on its rail framework

    Rail operator Deutsche Bahn blamed the travel disruptions on "sabotage", while Transport Minister Volker Wissing spoke of "a targeted and deliberate action".
  • $3 billion joint-venture railway to link Oman and UAE

    The 303km railway, with passenger trains traveling up to 200kmper hour, will join up with the UAE's national network that is now under construction. The joint venture between Oman Rail and the UAE's Etihad Rail was agreed upon during a visit by UAE President Sheikh Mohamed bin Zayed to Oman.
  • P&O Ferries suspends passenger and freight ships, denies bankruptcy

    DP World-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy. P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands. “P&O Ferries is not going into liquidation,” the company said in a statement. “We have asked all ships...
  • Qatar and Iraq discuss cooperation in transportation sector

    Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar Al Shibli, visited Doha Metro project where they were briefed on the operations of the metro stations, and also about the components of the project from officials at the Qatar...
  • All projects under Saudi Vision 2030 ‘colossal’

    The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision for an ultra-modern future to the world, says Knight Frank. Neom, a project for a smart and tourist cross-border city in the far north-west of Saudi Arabia, alone will cost...