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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.

Arab nations to hold economic development summit every four years

Member states affirmed in the summit's final declaration the centrality of the Palestinian cause.
  • Dubbed the 'Arab Development Summit', it may be hosted by the Cairo-based Arab League
  • An extraordinary session, attended by leaders and heads of state, may be held "when necessary, a statement read
Algiers, Algeria — Arab leaders meeting at a summit in Algiers have agreed to hold an economic and social development summit every four years in conjunction with the regular Arab Summit, reported Kuwait News Agency (KUNA).
An extraordinary session, attended by leaders and heads of state, may be held “when necessary or if there are developments that require it,” read an
Arab League statement after the Algiers-hosted Arab Summit.
Dubbed the ‘Arab Development Summit’, it may be hosted by the Cairo-based Arab League or by the nation host of the Arab Summit of leaders.
Arab leaders met in the Algerian capital on November 1 for their first summit since a string of normalisation deals with Israel that have divided the region.
Since the last Arab League summit in 2019, several members of the 22-member bloc — for decades a forum for strident declarations of support for the Palestinian cause — have normalised ties with the Jewish state.
The United Arab Emirates went first in a historic US-mediated deal that made the country the third Arab state, after Egypt and Jordan, to establish full ties with Israel.