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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Egypt ranks globally fifth in remittances

By Hilal Mir
February 14, 2023 11:10 pm
  • Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion.
  • The growth was, however, lower than the 10.2 percent increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022.

Dubai, UAE—Remittances to low- and middle-income countries withstood global headwinds in 2022, growing an estimated 5 percent to $626 billion, which is lower than the 10.2% increase in 2021, World Bank Migration and Development Brief said in a report in Nov 2022. Remittances are a vital source of household income for Low and Middle-Income countries, as they alleviate poverty, improve nutritional outcomes, and are associated with increased birth weight and higher school enrollment rates for children in disadvantaged households, the World Bank said. TRENDS takes a look at remittances in the Arab world in 2022:

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