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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.

UAE and France aim to team up to meet energy challenges

A picture of Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France to the UAE.
  • The discussion took place between Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France
  • Al Marar and Chattel underlined the importance of leveraging partnerships, Research & Development, and policymaking capabilities

The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency and the deployment of low carbon technologies to support their net zero by 2050 ambitions.

The discussion took place between Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France.

Al Marar and Chattel underlined the importance of leveraging partnerships, Research & Development, and policymaking capabilities to advance Abu Dhabi and France’s collaboration on new clean renewable energy carriers like green hydrogen and innovative nuclear energy technologies and new designs, such as small modular reactors, which are scientifically proven as viable zero-emission power generation solutions.

With the perspective of the upcoming UN Climate Change Conference COP28, which will be hosted in Abu Dhabi in 2023, the two parties acknowledged their mutual interest in building stronger clean energy and technology cooperation between Abu Dhabi and French private and public companies to achieve the objectives set forth by the 2015 Paris Agreement on Climate Change and the two countries’ shared aspirations for net zero by 2050.