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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.

‘Culture and arts bridge global understanding’

"They help to build and fortify important bridges between countries and peoples. Culture and the arts allow us to celebrate...

UAE pioneers smart city, clean energy initiatives

"The country's strategies, such as the Energy Strategy 2050, aims at raising the share of clean energy in the total...
  • The UAE leads in sustainable development and urban planning, emphasizing renewable energy, efficient buildings, and sustainable transportation for a greener future.
  • The UAE's Energy Strategy 2050 aims for 50% clean energy, while Dubai's Clean Energy Strategy 2050 targets 75%, supported by solar parks and green funds.

Qatar’s North Field expansion fuels optimistic outlook

"Looking ahead, our focus is on the North Field Expansion and sustainability projects. We are collaborating with our contractors to...
  • QatarEnergy's North Field Expansion Project to increase LNG production from 77 to 126 million tons per year.
  • A 27-years partnership agreement has been signed with Sinopec for North Field South (NFS) expansion.

Brazil, UAE forge ahead with stronger bilateral ties

“We would like the UAE to be a partner in our current process of investing in infrastructure. It is a...
  • Brazil's Ambassador to UAE, Sidney Leon Romeiro, praises UAE's commitment to environmental sustainability and renewable energy.
  • Brazil and UAE collaborate in global climate change discussions, aiming to meet Paris Agreement goals, the Brazil envoy highlights.

‘Sustainable aviation fuel roadmap required urgently’

"The global air transport sector has rebounded to pre-COVID-19 pandemic levels of 2019, with some countries already surpassing these levels,"...
  • ICAO Conference in Dubai sets the stage for climate action in aviation.
  • UAE praised for its leadership and sustainable vision in aviation post-COVID.

Social media plays key role in shaping online trading

"The rapid pace and fervor surrounding social media have introduced volatility into financial markets, leading to instances where stocks, particularly...
  • Social media has opened up opportunities for independent and self-motivated online traders.
  • Financial guidance is actively sought on social media platforms, especially by young investors.

Electricity plays key role in making UAE sustainable

“In the UAE, we recognize the energy security and climate challenges and have devised multiple strategies to make the sector...
  • The UAE updates Energy Strategy 2050, focusing on low-emission hydrogen production and net-zero goals.
  • GCCIA's expansion projects aim to enhance energy security and interconnectivity across the Gulf region.

Reforms accelerate positive gender equality in MENA

"We are working towards creating a more balanced environment where women can succeed alongside men in overcoming future challenges. There...
  • Sheikha Hessa Saad Al-Abdullah Al-Sabah, Chairwoman of the Council of Arab Businesswomen, emphasized the need for women's economic empowerment and increased opportunities
  • Sheikha Hessa highlights the importance of collaboration for achieving workplace gender equality and the role of women in achieving the UN's 2030 Sustainable Development Goals.

Saudi Arabia set to be global reference in smart cities

"The use of generative artificial intelligence (AI) extends beyond urban design and development. It involves creating smart cities tailored to...
  • The crucial role of generative AI in developing sustainable, resident-focused smart cities.
  • Saudi Arabia's integration of IoT into urban living, enhancing communication and connectivity.

Saudi Arabia sets ambitious goals for mining sector

"We have begun discussions with 80 countries participating in the mining sector. ... An international platform has been established in...
  • Saudi Arabia focuses on maximizing value from natural resources and developing mining investments.
  • The Kingdom creates platforms for collaboration in mining, targeting the Middle East and Central Asia.

AI safety & innovation: Key focus of UAE-Spain tie-up

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...
  • UAE's artificial intelligence strategy is driving economic growth and establishing it as a global talent hub.
  • Collaboration between Spain and ADIA Lab in Abu Dhabi focuses on knowledge and talent exchange.

UAE backs women in climate action, gender equality

“Today’s frameworks to advance gender equality and women’s empowerment ring hollow in the face of the war on Gaza, which...

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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...

‘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...

‘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...

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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.