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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.

Saudi Arabia and Tunisia sign energy agreement

Renewable Energy is one of the topic of discussion in the MoU
  • The MoU covers the fields of renewable energy, energy efficiency and conservation, and includes cooperation on management of renewable energy
  • The MoU aims at exchanging information and expertise between the two countries in these areas through related research and studies as well

Saudi Arabia has signed an agreement with Tunisia to boost ties in the energy sector. It covers the fields of renewable energy, energy efficiency and conservation, and includes cooperation on management of renewable energy demand and on existing expertise on time of use tariffs.

The MoU aims at exchanging information and expertise between the two countries in these areas through related research and studies, as well as exchanging related policies and legislation.

It also covers cooperation in areas such as load displacement, reliable and sustainable operation of energy systems, promotion of smart energy consumption, and the standard indicators of energy consumption in the industrial sector.

Furthermore, the MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation, and urges the private sector of both countries to create partnerships in this field.

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz signed the MoU with Minister of Industry, Energy and Mines of the Republic of Tunisia Nayla Nouira El-Kenji.