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Saudi

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.
  • Fuelling troubles: Row puts Gulf powers on diverging paths

    A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who are competing to profit from what may be the world's last oil boom. Wrinkles in relationships between the Gulf states are usually resolved behind palace walls, but a fiery debate...
  • Saudi suspends UAE flights due to virus variant

    Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said Saturday. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted more...
  • Saudi Arabia wants to be first trading partner of Egypt

    There are 6,285 Saudi companies operating in Egypt with investments exceeding $30 billion  More than 518 Egyptian companies operate in the Saudi markets Saudi Arabia aims to be the first trading partner of Egypt for the next five years, local reports on Monday, June 14, quoted the former’s Minister of...
  • Saudi Aramco unveils first dollar sukuk bond

      The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches Saudi Aramco has unveiled its first US. dollar-denominated sukuk bond on Wednesday, which will be issued in three tranches, Reuters reported. The deal will consist of three, five and ten...