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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.

Saudi seaports registers 5.3 percent increase in cargo handling

The livestock cargo increased 7.36 percent and numbered more than 126,000 heads.
  • The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to last year.
  • The statistical figures for January 2022 issued by MAWANI also showed an increase in other operational indicators of Saudi ports.

Saudi Arabia’s seaports recorded a 5.3 percent  increase in the volume of general cargo handled during January 2022, compared to the same period last year, reaching about 25 million tons.

The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to the same period last year.

The statistical figures for January 2022 issued by MAWANI also showed an increase in several other operational indicators of Saudi ports.

This includes a 48.28 percent  growth in passenger volume, with the total number reaching 88,000.

The livestock cargo increased 7.36 percent and numbered more than 126,000 heads.

Affected by the international supply and demand market in January, the ports recorded a decline of 7.22 percent  in the volume of containers handled, with the total number at 819,198, besides a decline of 2.41 percent in transshipment containers.

Similarly, both the volume of cars handled, and the number of vessels received by the ports decreased by 6.26 percent  and 4.17 percent, respectively.

MAWANI stressed the importance of renewed efforts to achieve a qualitative leap in maritime transport across the seaports in line with its strategic goals and programs.

The program aims to develop a sustainable and prosperous maritime sector in Saudi Arabia.

MAWANI also affirmed that it will continue to strengthen the maritime transport sector by transforming Saudi ports into attractive investment destinations.

This will support the nation’s trade and economic development in line with the objectives of the National Transport and Logistics Strategy and Vision 2030.