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Business, Infographic

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, China eye $200bn bilateral trade by 2030

Both countries expect the bilateral trade to reach $200 billion by 2030.
By TRENDS Desk
November 1, 2022 8:33 am
  • It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
  • Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.

Dubai, UAE—Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a “successful model” for international bilateral relations. He indicated that as one of the first countries to join the Belt and Road Initiative, the UAE has become the main logistical centre in the Middle East and North Africa. It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion. Both countries hope to increase the trade to $200 billion by 2030. TRENDS takes a look at the major commodities exchanged between the two countries:

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