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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.

SAMA completes e-linking procedures through Tanfeeth program

The updated data has shown a positive and growing rise in the inflows of foreign direct investment (FDI) in Saudi Arabia.
  • This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank.
  • The Central Bank stated that, through the “Tanfeeth” program, it aims to improve and develop joint business with government agencies.

The Saudi Central Bank (SAMA) has completed electronic linking procedures with the Saudi Center for Economic Business through the “Tanfeeth” program.

This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank in a way that contributes to automating and accelerating business processing, in order to achieve the goals of the Kingdom’s Vision 2030.

The Central Bank stated that, through the “Tanfeeth” program, it aims to improve and develop joint business with government agencies, and work to understand the needs of those agencies, and to overcome obstacles and the difficulties encountered in the joint relationship with them.

A media report said the program comes in achieving the strategic objectives of the Central Bank of Saudi Arabia, strengthening the technical infrastructure, and raising the level of services, in a way that contributes to shortening administrative procedures and raising the level of their quality and speed of completion.