Search Site

Trends banner

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.

UAE-Azerbaijan trade advances significantly: Envoy

UAE Ambassador Mohammed Al Balushi recently attended the opening ceremony of Masdar office in Baku.
  • The UAE and Azerbaijan have deep-rooted ties and are keen to expand their bilateral trade, says envoy Mohammed Murad Al Balushi
  • The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in Baku in 2011, he adds

BAKU — Mohammed Murad Al Balushi, UAE Ambassador to Azerbaijan, stressed that the UAE and Azerbaijan have deep-rooted ties and are keen to expand their bilateral trade.

In his statement to the Emirates News Agency (WAM), Al Balushi said that the UAE, under the leadership of President Sheikh Mohamed bin Zayed Al Nahyan, is keen to enhance its overall relations with Azerbaijan.

The bilateral ties between the two countries were further strengthened after the inauguration of the UAE Embassy in the Azeri capital, Baku, in 2011, and have witnessed advancement due to the mutual keenness of their leaderships, he added. Their economic, tourism, energy, trade and investment cooperation has also seen solid development.

Al Balushi then talked about several key trade and investment opportunities that will boost the ongoing partnership between the two countries, noting that the UAE inaugurated its first commercial representative office in Azerbaijan, in light of the growing non-oil trade exchange between the two countries, which totalled AED2.4 billion in 2021.

Azerbaijan also offers leading services, most notably the ASAN service, which is a range of unified government services for individuals, in addition to an e-government platform and a smart city concept, he added. Azerbaijan is successfully achieving development under the leadership of Ilham Aliyev, President of Azerbaijan, who is keen to strengthen the process of sustainable development in the country, and achieve stability and prosperity for the Azeri people, Al Balushi said in conclusion.