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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.

Jada to promote startups

As per the MoU, the PIF’s Jada and the Korean agency will facilitate exchange of personnel and organize events. (Al Arabiya)
  • The partnership seeks to exchange information on entrepreneurial policies and best practices and support startups aspiring to enter the Saudi or Korean markets
  • Invest Seoul Agency is a foreign investment promotion agency established by the Seoul Metropolitan Government

Riyadh, Saudi Arabia— The PIF-owned Jada has signed a memorandum of understanding with Invest Seoul Agency to promote startups and SMEs in both countries.

The partnership seeks to exchange information on entrepreneurial policies and best practices and support startups aspiring to enter the Saudi or Korean markets.

Invest Seoul Agency is a foreign investment promotion agency established by the Seoul Metropolitan Government.

Mazin Al-Shanbari, director of venture capital, Jada, said the MoU will “contribute to developing the business ecosystem for startups” and support the entry of SMEs “that aim to conduct business in the other country.

As per the MoU, the PIF’s Jada and the Korean agency will facilitate exchange of personnel and organize events such as roadshows, conferences and exhibitions to help entrepreneurs from both sides explore opportunities and help them start business.