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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

SEDD discusses cooperation with Matajer

SEDD Chairman said the department makes great efforts to achieve the highest levels of competitiveness for Sharjah. (WAM)
  • SEDD contributes to planning and leading the economic development of the emirate.
  • The department contributes to strengthen the partnership between government and private sector.

SHARJAH, UAE – Sharjah Economic Development Department (SEDD) received a delegation from Matajer – one of the most important commercial shopping groups affiliated with Sharjah Holding Company – established under a partnership between Majid Al Futtaim Properties and Sharjah Asset Management.

This comes within SEDD’s interest to strengthen partnerships with leading companies in the field of retail trade and to introduce them to its advanced work mechanisms in accordance with international standards.

SEDD contributes to planning and leading the economic development of the emirate and to strengthen the partnership between government and private sector, which is considered an essential factor for the sustainability of the economic sector in Sharjah.

Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, said the department makes great efforts to achieve the highest levels of competitiveness for the emirate.

“This positively affects the emirate’s GDP, and the business environment in Sharjah is one of the best in the region, thanks to the simplified procedures adopted by the Department and all other government agencies,” he said.

He added that SEDD is guided by the wise vision of Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, who attaches great importance to developing the role of commercial and industrial sectors in achieving comprehensive sustainable development.

Al Suwaidi said the department pays attention to major investors due to the importance of the private sector’s role in sustainable and continuous development.

The investors also have a vital role in developing and creating more opportunities in the emirate and participating with the government in raising and achieving quality of life indicators.