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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.

UCC Holding signs contracts for seven Kazakhstan projects

UCC signed two energy contracts. (UCC)
  • The first contract with QazaqGas includes two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA.
  • The second contract includes the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region.

Doha, Qatar — UCC Holding, a Qatari company, has signed two energy contracts for seven projects in Kazakhstan.

The first contract with QazaqGas comprises two gas treatment plants:1 BCMA Gas Processing Plant Project and 2.5 BCMA and the construction of a New Compressor Station CS-14 and Main Gas Pipeline CS-14 – Kostanay Project, and the construction of the second line of the Beniu-Bozoy-Shymkent gas pipeline project (BBS).

The contract was signed by Mohammed Moutaz Al-Khayyat, representing UCC Holding in his capacity as Chairman, and Sanzhar Zharkeshov, representing QazaqGas, as CEO.

The second contract with the Ministry of Energy encompasses a contract for the construction of a combined cycle gas turbine (CCGT) power plant with a total capacity of about 1,100 MW in the Kyzylorda region, an MoU for a gas treatment plant with a capacity of 6 (4+2) billion cubic meters in the Kashagan field (Phase 2B).

The contract and MoU were signed by Minister of Energy  Almassadam Satkaliyev on behalf of the Ministry and Mr. Mohamed Moutaz Al Khayyat on behalf of UCC Holding in his capacity as Chairman.

Qatar Amir Sheikh Tamim bin Hamad Al-Thani and President of the Republic of Kazakhstan Kassym-Jomart Tokayev witnessed the signing.