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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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Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Bahrain says will achieve net-zero emissions by 2060

Arab Fund has signed a deal to fund a water and electricity project in Bahrain.
  • According to a report from the official news agency BNA, Bahrain has already reduced emissions while growing the national economy
  • It is said to have done this by placing clean, green, and sustainable growth at the heart of Bahrain Economic Vision 2030

The cabinet of the kingdom of Bahrain has announced that it intends to bring carbon emissions to net zero by 2060.

According to a report from its official news agency BNA, Bahrain has already reduced emissions while growing the national economy by placing clean, green, and sustainable growth at the heart of Bahrain Economic Vision 2030.

The announcement came on Sunday, October 24, a day after Saudi Arabia announced the exact same goal.

According to the BNA report, Bahrain will adopt a circular carbon economy — something that Saudi Arabia also stressed on — strengthened by various offsetting schemes including carbon-capture technology and afforestation.

The report quoted Mohamed bin Mubarak Bin Daina, Bahrain’s Special Envoy for Climate Affairs and Chief Executive of the Supreme Council for Environment, as saying that his country’s commitment to protecting the environment was firm.

He added that a multitude of measures have been undertaken to improve environmental protection across the country, led by its king, crown prince, and prime minister.

The government is committed to ensuring an environment that promotes sustainable development and supports future generations, he said.

“We encourage other countries to join the global community in achieving sustainable development by unlocking the potential of a greener economy and working together to keep 1.5 degrees alive,” he said.