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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.

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

EDGE, Brazil Marine Corps sign pact

EDGE Group is one of the leading advanced technology and defense groups in the MENA region.
  • EDGE recently announced a strategic partnership with the Brazilian Navy to co-develop a long-range anti-ship missile.
  • The signing ceremony took place in the city of Rio de Janeiro as part of an ongoing EDGE leadership visit to key local government offices.

Abu Dhabi, UAE: EDGE Group, a leading advanced technology and defense group, has signed a strategic agreement with the Brazilian Marine Corps.

The signing paves the way for a planned technical cooperation agreement between both parties in the near future. EDGE recently announced a strategic partnership with the Brazilian Navy to co-develop a long-range anti-ship missile, as well as to provide advanced solutions, such as anti-jamming technology, which is developed by EDGE in the UAE.

The signing ceremony took place in the city of Rio de Janeiro as part of an ongoing EDGE leadership visit to key local government offices, defense industry partners, and prospective customers.

The agreement was signed by Mansour AlMulla, EDGE Group Managing Director & CEO, and Vice Admiral (Marine) Rogério Ramos Lage, Marine Corps Material Commander.

Launched in November 2019, the UAE’s EDGE is one of the world’s leading advanced technology groups, established to develop disruptive solutions for defense and beyond. Headquartered in Abu Dhabi, EDGE consolidates more than 25 entities into five core clusters: Platforms & Systems, Missiles & Weapons, Space & Cyber Technologies, Trading & Mission Support, and Homeland Security.