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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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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Trade between Brazil and Arab countries grew by 44 percent in 2021

Trade between Brazil and Arab countries is expected to grow by 2 to 4 percent in 2022. Pic ANBA
  • Food exports alone reached an estimating $14 billion, said Tamer Mansour, CEO of the Brazilian Chamber of Commerce.
  • January reports revealed that trading between Brazil and Arab countries could increase further, by 2 to 4 percent in 2022, he added.

Trade between Brazil and Arab countries grew by 44 percent during 2021, with food exports alone reaching an estimating $14 billion, its highest since 2012, said Tamer Mansour, CEO of the Arab Brazilian Chamber of Commerce.

This comes as Arab countries, especially in the Gulf region, are combating the pandemic through strict measures such as vaccination and others, which help facilitate trade, and grow it back to pre-pandemic levels, Tamer told CNBC Arabia.

January reports revealed that trading between Brazil and Arab countries could increase further, by 2 to 4 percent in 2022, he added.

Trade between the United Arab Emirates and Brazil grew 33 percent in the first eight months of 2021, defying the atmosphere of gloom plaguing the global economy due to the Covid pandemic.

Brazilian Vice President Hamilton Mourão had told UAE media that the bilateral investments also had an upswing, with UAE’s investments in Brazil exceeding  $10 billion.