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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.

e& of UAE to foray into international markets for growth

E&’s “telecom arm” will maintain its rebranding in the UAE and internationally.
  • The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom
  • E&’s “telecom arm” will maintain its rebranding in the UAE and internationally

e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments.

The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom. The company has outlined four main business pillars which it will tackle.

E&’s “telecom arm” will maintain its rebranding in the UAE and internationally. It plans to maintain its existing operational performance in the telecom market while expanding into new ones.

e& life will work on providing next generation technologies and experiences through smart connectivity platforms across the retail, finance, and entertainment industries.

e& enterprise will propel the digital digitalization of governments, corporates, and large businesses.

e& capital will mainly focus on acquisitions and mergers that could potentially capture high returns. This falls in line with the firm’s goal to invest in “ideas that make the future”.