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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

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

German industries explore investment opportunities in UAE

The Ministry of Industry and Advanced Technology introduced delegates to the "Make it in the Emirates" campaign. (WAM)
  • From the UAE side, representatives from ADNOC, Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office, and TAZIZ were present.
  • The delegates also discussed the future of supply chain opportunities in a post-pandemic world.

ABU DHABI, UAE – Some of Germany’s leading industrial companies participated in a roundtable event hosted by the UAE Ministry of Industry and Advanced Technology at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022.

Omar Al Suwaidi, Undersecretary of the Ministry of Industry and Advanced Technology, delivered a presentation on the UAE’s FDI value proposition on Wednesday.

He introduced delegates to the “Make it in the Emirates” campaign, an open invitation to industrial houses, investors, innovators and entrepreneurs to benefit from the UAE’s exceptional value proposition.

Representatives from ADNOC, Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office, and TAZIZ also delivered presentations ahead of a general discussion between delegates.

Delegates also discussed the future of supply chain opportunities in a post-pandemic world.

Attendees included representatives from organizations including Antares Datensysteme GmbH; BASF Middle East Chemicals; Beckhoff Automation GmbH & Co. KG; ELMESS-Thermosystemtechnik GmbH & Co. KG; German Emirati Joint Council for Industry & Commerce (AHK); Hella Middle East, Industrie – Kontor GmbH; KSB Middle East; Linde; LISEGA SE, NKT GmbH & Co. KG; Paul Nutzfahrzeuge GmbH; Pleuger Industries GmbH; Polar Refrigeration GmbH; PRÄWEST Präzisionswerkstätten Dr.-Ing. H. R. Jung GmbH & Co. KG; PROBUS Mashinenbau Dr.-Ing, REMBE GmbH Safety + Control; RMG Messtechnik GmbH; Siemens Energy; TUV SUD; V-Line Europe Gmbh; Witzenmann GmbH.