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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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Saudi Arabia and Egypt to cooperate in telecommunications

Hossam El-Gamal, CEO of the Egypt's National Telecom Regulatory Authority signed the MoU on behalf of his organization
  • The memorandum serves to work on cooperation and exchange of experiences in the field of smart cities also
  • It also includes agreements to coordinate joint events, and to design training programs and workshops

Saudi Arabia and Egypt have signed an agreement to strengthen cooperation between the two countries in the fields of telecommunications, frequency spectrum and human capacity building.

The memorandum serves to work on cooperation and exchange of experiences in the field of smart cities, frequency spectrum management and human capacity building.

It also includes agreements to coordinate joint events, and to design training programs and workshops.

The signing of the memorandum comes within the framework of strengthening cooperation between the two countries.

Additionally, it would also help in attracting investment in Egypt’s telecommunications market.

The memorandum was signed by Hossam El-Gamal, CEO of the National Telecom Regulatory Authority, and Muhammad Al-Tamimi, governor of the Saudi Communications and Information Technology Commission.

It was signed in the presence of Ahmed Ihab Gamal El-Din, Egypt’s permanent representative to the UN, and his Saudi counterpart Abdulaziz Al-Wasel.

The signing took place on the sidelines of the World Conference on Telecommunication Measurements Standards in Geneva.