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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.

Vitronic signs contracts in MENA

Technology 'continually enhances our safety on our roads'.
  • Vitronic Middle East will install over 2,000 "cutting-edge traffic enforcement systems in high-risk areas" over the next few months.
  • It said In a statement that traffic management and enforcement systems provide benefits that go beyond the daily lives of individuals

Dubai, UAE–Vitronic Middle East says it will install over 2,000 “cutting-edge traffic enforcement systems in high-risk areas” over the next few months. 

The contracts are valued at $211 million.

“Traffic management and enforcement systems provide benefits that extend beyond the daily lives of individuals,” Vitronic said in a statement.

“These systems have positive effects on the country, ultimately enhancing the standard of living for its inhabitants. Road accidents have multiple implications for a country’s GDP. By reducing the occurrence of accidents, significant savings can be achieved in terms of medical emergency care expenses and deployments of police and other professionals.”

Monitoring and enforcement are vital to achieve road safety, it says.

“Witnessing firsthand how technology continually enhances our safety on our roads serves as the driving force behind our daily business operations,” says Youssef El Hansali, CEO, Vitronic Machine Vision Middle East.