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TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

Saudi designates China’s NIPA as patent searching and examining authority

The IP partnership between China and Saudi developed after Crown Prince's visit to China in 2019.
  • The move allows international patent applicants in the kingdom to select CNIPA to issue international search reports for their applications.
  • Saudi authorities see the development as an enhancement of cooperation between the two sides in the field of intellectual property.

The Saudi Authority for Intellectual Property (SAIP) has designated the National Intellectual Property Administration of China (CNIPA) as International Searching Authority and International Preliminary Examining Authority under the Patent Cooperation Treaty (PCT), allowing international patent applicants in the kingdom to select CNIPA to issue international search reports for their applications.

Saudi media reports said that this comes as an enhancement of cooperation between the two sides in the field of intellectual property, as this cooperation enables patent applicants to receive search reports for their PCT applications filed at SAIP and decide on entering the national phase.

CNIPA becomes the eighth ISA designated by SAIP, which includes the Korean Intellectual Property Office (KIPO), the European Patent Office (EPO) the United States Patent and Trademark Office (USPTO), the Intellectual Property Office of Singapore (IPOS), the Egyptian Patent Office, the Russian Federal Administration of Intellectual Property (ROSPATENT), and the Canadian Intellectual Property Office.

The partnership between the two sides has developed since the signing of the Memorandum of Understanding on February 22, 2019, on the sidelines of HRH the Crown Prince’s visit to China, the reports said.

It was followed by the Patent Prosecution Highway Program, which was signed on October 12, 2020, this come as a part of SAIP efforts to strengthen the collaboration and strategic partnerships in the field of intellectual property.