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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.

WEF24: Virunga battles deforestation, habitat loss

Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de...
  • Climate finance plays a critical role in protecting Virunga National Park through innovative solutions like hydroelectric energy, director Emmanuel de Merode tells TRENDS.
  • Addressing investment risks and finding sustainable funding methods for forest protection become significant challenge amid ongoing regional conflicts, de Merode adds.

UAE is an exceptional economic leader in Middle East

"We've collaborated closely with the World Governments Summit for over a decade. It presents a vital opportunity to foster innovative...
  • UAE hailed as a pivotal economic and innovation hub in the Middle East by OECD Secretary-General Mathias Cormann.
  • Global economy's resilience amid COVID-19 highlighted, with growth projections of 2.9% and 3% for the upcoming years.

Global changes call for adaptable fiscal policies

He highlights the UAE's strategic priorities, including the future of fiscal policy, the application of sustainable fiscal policies to foster...
  • The Eighth Arab Fiscal Forum, held in Dubai, focuses on sustainable development and economic resilience.
  • Key discussions includes balancing public revenues, managing debt, and combatting climate change.

Healthcare experts must keep up with tech innovations

She emphasizes the significant impact of technology on the healthcare sector and highlighted the 'Let's Talk Innovation' Symposium's focus on...
  • Dr. Kalthoom AlBlooshi of EHS emphasizes the need for professionals to stay abreast of technological advancements in healthcare.
  • The 'Let's Talk Innovation' Symposium aims to engage the youth in shaping the future of the UAE healthcare sector, adds AlBlooshi.

‘Innovation is crucial for UAE’s energy efficiency’

"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...
  • The UAE's Department of Energy's integrated system focuses on clean and renewable energy to achieve climate neutrality.
  • Investment in youth and their innovative ideas is essential for building a sustainable future, says DoE's Awaidha Murshed Al Marar .

‘Bond market acts as a mirror to economic realities’

"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...
  • Bond market's selling pressure illustrates its role in reflecting economic realities, says Nigel Green
  • A 27 basis points surge in 10-year yields marks notable market movement since June 2022, he adds.

Investors eye UAE’s booming sustainable finance sector

"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...
  • The UAE is experiencing remarkable growth in sustainable finance, according to Barclays Private Bank UAE CEO Rasha Badawi.
  • Sustainable investment opportunities expanding in the UAE across various sectors including renewable energy and agriculture, she adds.

WEF24: Scaramucci calls for reform in US politics

US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony...
  • US politics need reform, strategic foresight, and principled governance to address domestic and global challenges, says noted American financier Anthony Scaramucci.
  • Scaramucci tackles issues like the 'weaponization of the dollar,' lobbying influences, and power concentration in the US during a TRENDS-hosted panel session.

UNRWA plays key role in regional security, stability

The UAE's top diplomat reiterated the UAE's steadfast support for UNRWA, emphasizing that in light of current challenges, sustaining its...
  • UAE commits to continuous support for UNRWA, highlighting the agency's role in humanitarian relief.
  • The country stresses the need for a lasting ceasefire to protect civilians and support Palestinian people.

Global alliances key to educational advancement

"We are dedicated to supporting scientific research and innovation through strategic partnerships and pioneering initiatives, focusing on future-oriented sciences for...
  • UAE Education Minister Dr. Ahmad Belhoul Al Falasi advocates for public-private partnerships in education, emphasizing the importance of sharing expertise to boost quality.
  • During his UK visit, he underscores UAE's dedication to education, focusing on elevating the EdTech sector, curriculum development, and supporting Emirati students abroad.

UAE’s global investments grow amid economic crisis

"The UAE has strengthened its position in the global economy. The total value of UAE assets abroad, whether government or...

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Investment and innovation behind Qatar’s tech success

Maher praises the Gulf country for its substantial efforts, investments, and innovative ideas that have transformed it into a prime...

WTO agri reforms key to global food and climate goals

"Australia maintains that global food security, climate, and biodiversity targets are unattainable without progress in agricultural trade reform, including the...

‘Emphasis grows on market protection over free trade’

"We believe that enhancing competitiveness and ensuring that the nations offering the best products and services come out on top...

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Finland, UAE eye collaborations in clean technologies

"There's considerable work to be done to establish a level playing field where low-energy technologies can be freely traded. I...
  • Finland is aiming for climate neutrality by 2035 through the adoption of low-energy, clean technologies.
  • The WTO can help establish a level playing field for the trade of environmental goods and services.

WTO reforms essential to meet global challenges

“Japan and the UAE will deepen their cooperation beyond traditional areas such as energy and the economy to include a...
  • WTO’s 13th Ministerial Conference: Scheduled in Abu Dhabi, aims to address global challenges and reforms.
  • Japanese Minister Yoko Kamikawa stresses the need for WTO to transform and tackle global issues effectively.

UAE’s economy rides on tech and renewable energy

"The UAE's dedication to innovation and international partnerships as vital to enhancing its position on the global economic stage, bolstering...
  • UAE's economy expected to grow over 5.5% in 2024, says Damian Hitchen, CEO of Saxo Bank in the MENA region.
  • Its strategic location and diversification from oil to tourism, tech, and renewable energy spur economic growth.