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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

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Watch: Saudi GDP to grow faster than expected in 2021

The GDP of Saudi Arabia will see faster-than-expected growth in 2021.
By TRENDS Desk
September 26, 2021 2:18 pm
  • The Saudi economy grew 1.8 percent in Q2 of 2021
  • This was the second time it had risen since Q2 2019

The GDP of Saudi Arabia will see faster-than-expected growth in 2021 due to several reasons.

According to the Saudi General Authority of Statistics, the Saudi economy grew 1.8 percent in Q2 of 2021.

This was the second time it had risen since Q2 2019, the first such growth being in Q1 this year.

The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the Saudi economy.

However, as all the sectors recover, here is a breakdown of how things are finally starting to look up:

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