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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.

Al Sada to be chairman of Rosneft

Dr. Mohammed bin Saleh Al Sada
  • The new chairman has a wide experience in the energy sector and is at present chairman of the board of trustees of the Doha University of Science and Technology
  • He has served as Qatar's minister for energy and industry, apart from holding the chairmainship of the Board of Qatar Petroleum, now called QatarEnergy

Doha, Qatar— Rosneft, the Russian oil firm, has formed a board of directors under the chairmanship of Dr. Mohammed bin Saleh Al Sada, Qatar’s former Minister of Energy and Industry.

The shareholders of Rosneft have elected a new board of directors consisting of 11 members including Faisal Al Suwaidi and Hamad Rashid Al Mohannadi, who represent Qatar Investment Authority.

Dr. Mohammed bin Saleh Mohammed Bin Saleh Al Sada has an extensive experience in the energy sector and is currently chairman of the board of trustees of the Doha University of Science and Technology.

He served as Qatar’s Minister of State for Energy and Industry from 2007 through 2011, and as Qatar’s Minister of Energy and Industry and Chairman of the Board of Qatar Petroleum (now QatarEnergy) from 2011 through 2018.

He also chaired the Boards of Directors and governing bodies of a number of the company’s subsidiaries.

In 2016, Qatar Investment Authority acquired a 20 percent stake in the Russian company Rosneft.