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Banking & Finance, Economy, Infographic

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.

Foreign assets of Gulf central banks rise post Covid

By TRENDS Desk
October 12, 2022 10:35 am
  • Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic
  • Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion

Dubai, UAE — Saudi Arabia’s foreign reserve assets recorded a jump of SR40.8 billion (US$10.88 billion) during the month of September 2022, reaching SR1756.2 billion, compared to August 2022, according to the Saudi Central Bank (SAMA).
The monthly statistical bulletin of SAMA showed that the Kingdom’s reserve assets increased by SR10.6 billion, or one percent, compared to September 2021.
In August, the Qatar Central Bank raised a few eyebrows when it announced that during July, the Bank had purchased about 14.8 tonnes of gold, thereby bringing the country’s official gold reserves to 72.3 tonnes.
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by each of the central banks of the region post-pandemic.

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