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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.

Oman floats tender for new container terminal at Duqm port

    • This is an international competitive tender process to help Oman choose who gets to develop and manage a world-class container terminal planned at the port

    • An Invitation to Prequalify floated by the Port of Duqm solicits Expressions of Interest from qualified parties

    Oman has launched the tendering process through which it will choose a partner to build a container terminal at the Port of Duqm, said local reports on Monday, July 19.

    The reports said that this was an international competitive tender process that would help Oman choose who gets to develop and manage a world-class container terminal planned at the port.

    An Invitation to Prequalify floated by the Port of Duqm solicits Expressions of Interest from qualified parties, said the reports.

    One of these parties would then go on to acquire a 30-year license to develop and operate the first phase of the container terminal project.

    The last date for interested parties to submit the bids is September 9, said the local reports.

    On completion, it will apparently have a capacity of 1.7 million TEUs, with additional scope for expansion.

    Future capacity additions could potentially boost container handling volumes to over 20 million TEUs per year, said the reports.

    The authorities are also said to have planned along the commercial berth a 300-m dry bulk terminal with a capacity of about 5 million metric tons per year.

    Talks are also underway for a 425-m multipurpose terminal with a cargo-handling capacity of 800,000 MT per year, said the reports.