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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.
  • Gender bias in MENA workforce raises concerns

    The latest study on Diversity, Equality and Inclusion sheds light on the diversity gap in the region while offering solutions.

    Middle East – IMA and IFAC recently release DEI report: "Diversifying Accounting Talent in the MENA region: A Critical Imperative to Achieve Transformational Outcomes”.

    The study focuses primarily on gender, nationality, and ability within the MENA region, assessing deeply rooted issues inhibiting DEI progress within the accounting profession.

  • Sharjah Chambers discusses credit report, score for SMEs

    The Sharjah Chamber of Commerce and Industry (SCCI) has hosted a webinar in cooperation with Al Etihad Credit Bureau (AECP)...

    The webinar discussed various topics including the comprehensive credit protection solutions provided by Al Etihad Credit Bureau.

    The credit protection solutions help companies improve risk management and make the right decisions when interacting with customers.

  • GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy

    The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in...

    UAE's National Hydrogen Strategy will help in formulating policies for energy-mix diversification strategies and net-zero targets by 2050.

    Crucial elements must be in place for a booming hydrogen-based economy, including proper infrastructure, technological readiness and market access.

  • AlBabtain launches IPO

    The company has set a price range of $18 to $21 per share.

    The Riyadh-based firm will conduct a three-day offering period beginning Sunday, Sept. 25, and concluding on Wednesday, Sept. 28

    The company is offering 544,000 ordinary shares, 16 percent of its capital, for subscription as it seeks to join the kingdom’s parallel Nomu market

  • Ford’s electric drive reinvents its historic factory

    The manufacturing operation's prime mission in recent times has been to assemble the best-selling F-150, a gasoline-powered vehicle.

    The truck plant churns out a new pickup truck every 53 seconds in a well-oiled process that will continue for the foreseeable future.

    But in September 2020, Ford broke ground on a smaller facility on neighboring land, tasking the new operation with building a battery electric cousin to F-150.

  • Bayt survey says 71% of professionals may quit jobs in 2023

    When asked why professionals may change their careers entirely, “to find their real passion” ranked first (37%) followed by opportunities...

    More than half (51%) of the respondents deem it necessary to work in the same field as their educational background but 49% are open to working in different fields

    16% of respondents believe that they should stay in their current role for at least a year before they switch to another one

  • WETEX and Dubai Solar Show hosts 1,750 global companies

    DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy...

    Dubai Electricity and Water Authority (DEWA) will organize the exhibition from September 27 to 29 at the Dubai World Trade Center

    The summit will bring together officials and decision-makers from around the world

  • Iraq and Qatar look to boost cooperation in aviation sector

    Iraq and Qatar are looking to enhance cooperation in the field of civil aviation, especially in technical, air transport, and...

    Head of the Iraqi Civil Aviation Authority and Minister of Transport and Qatar Aviation Authority discussed the prospects for joint cooperation

    The two looked at boosting ties in technical, air transport, air safety and aviation security, as well as scholarships and training for the Civil Aviation Authority

  • Egypt to make bid to host 2036 Olympic Games

    Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid...

    An Egyptian official announced earlier in the month that Egypt, Greece and Saudi Arabia were in talks to jointly host the 2030 World Cup

    Egypt staged the 2019 Africa Cup of Nations, as well as last year's handball world championship during the Covid-19 pandemic

  • Dubai’s real estate builds on AI to boost sales

    Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units...

    Investors and brokers are becoming more confident as the emirates's innovative systems keep tabs on the skyscrapers and the units available for housing and renting

    More competent property management, more accurate analysis of returns on investments and other efficiencies can all be achieved with the help of artificial intelligence