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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.

KSA to back joint Arab actions, develop regional economic ties

Saudi King Salman bin Abdulaziz Al Saud presiding over the cabinet session.
  • The Cabinet authorized the Tourism Minister to discuss tourism promotion with Iraq
  • Approval was also given for an MoU between Saudi Arabia and Algeria in housing field

Saudi Arabia will continue to support joint Arab actions and help develop economic ties among Arab countries through regional institutions, the Cabinet meeting chaired on Tuesday by King Salman bin Abdulaziz Al Saud said. 

The meeting was called to review the results of the Arab financial institutions and took some important decisions. 

The Cabinet authorized the Minister of Tourism to discuss with the Iraqi side and sign a draft memorandum of understanding on promoting tourism between the two countries. 

Likewise, the Cabinet approved an MoU between Saudi Arabia and Algeria in housing field.

The authorization was also given to the Chairman of the Board of Directors of King Abdulaziz City for Science and Technology (KACST), or his representative, to discuss with the American side a draft protocol to extend and amend the scientific and technical cooperation agreement.