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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 Steel lands contract

The logo of Aramco at the entrance of its main building in Riyadh. (AFP)
By TRENDS Desk
September 22, 2022 1:14 pm
  • Saudi Steel Pipe Co. said, in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023
  • The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes

Riyadh, Saudi Arabia— Aramco of Saudi Arabia has awarded a $40 million contract to Saudi Steel Pipe Co. for the supply of oil and gas steel pipes.

Saudi Steel Pipe Co. said in a bourse filing, that it expects to see financial impact from its new order in the second and third quarters of 2023.

The pipe producer, in May, signed a 10-month contract worth $25.86 million with Saudi Aramco to supply the latter with oil and gas steel pipes.

A month later, it won another contract worth $15.46 million to supply oil giant Aramco with steel pipes for oil and gas extraction.

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