Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business, Banking & Finance, Economy, Geostrategy

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 finance minister calls for GCC cooperation

GCC Secretary-General Nayef Falah Al-Hajraf and several officials and specialists were present in the meeting
By TRENDS Desk
January 24, 2022 11:37 pm
  • During the meeting, the ministers reviewed the progress made on issues related to strengthening the financial and economic cooperation among the GCC states
  • The meeting was chaired by the Minister of Finance, Chairman of the current session, Mohammed bin Abdullah Al-Jadaan

Saudi Arabia’s finance minister, Mohammed bin Abdullah Al-Jadaan, has stressed the need for the promotion of the joint Gulf action, with the need to raise the pace of coordination among all GCC states to establish the customs union and implement the tracks of the Gulf common market, leading to the economic unity by 2025.

The Ministers of Finance and Economy of the Gulf Cooperation Council (GCC) states held virtually the meeting of the Financial and Economic Cooperation Committee.

During the meeting, the ministers reviewed the progress made on issues related to strengthening the financial and economic cooperation among the GCC states.

The meeting was chaired by the Minister of Finance, Chairman of the current session, Mohammed bin Abdullah Al-Jadaan, and the participation of GCC Secretary-General Nayef Falah Al-Hajraf, and several officials and specialists.

 

[adinserter block="5"]

Most Read

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]