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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 to pour in $5bn in poultry industry

By targeting 1.3 million tons of broiler chickens per year, the ministry will ensure national food security.
  • By targeting 1.3 million tons of broiler chickens per year, the ministry will ensure national food security, increase local content, and create employment opportunities
  • Ibrahim Qassem, the director-general of the Animal Resources Services at MEWA, told media that the volume of livestock projects exceeded 980 across all regions of the kingdom

Saudi Arabia will pour in $5 billion in the poultry industry in order to boost production as the kingdom looks to achieve  self-sufficiency in the sector.

The Saudi Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley said that in targeting 1.3 million tons of broiler chickens per year, the ministry will ensure national food security, increase local content, and create employment opportunities.

Ibrahim Qassem, the director-general of the Animal Resources Services at MEWA, told media that the volume of livestock projects exceeded 980 across all regions of the kingdom.

However, the feed prices soared by more than 90 percent due to the prevalent global factors, which are reflected in the prices of livestock, Qassem said.

He added that the ARS had developed an initiative to investigate and combat animal diseases, reducing losses by 25 percent.