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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.

Jordan signs pact with Germany, EU to build water projects

Jordan signs pact with Germany, EU to build water projects.
  • The project will improve wastewater treatment and environmentally friendly sludge disposal.
  • The value of the EU’s bilateral support to the water and sanitation sector in Jordan is over 150 million euros

Jordan government on Wednesday signed an agreement for 48 million euros loan with Germany’s KfW Development Bank to finance Part VI of the Water Resources Management Program aimed at improving wastewater treatment and environmentally friendly sludge disposal.

“The implementation of these water and sanitation projects in Amman, Irbid, Ramtha, Jerash and Ajloun, especially Syrian refugees host communities, will serve about 80,000 people,”  Jordan Minister of Water and Irrigation, Muhammad Najjar said at the signing event. 

He added that water sector stakeholders seek to enhance and improve water and environmental situations, in cooperation with donors and funding entities, which will lead to the development of services provided to citizens.

Najjar highlighted projects under implementation in the water sector, as well as plans and programs funded by Germany and the European Union (EU), and projects to be implemented through these four packages with the aim of enhancing the efficiency of water networks, reducing losses and improving the capacity of water resources.

The value of the EU’s continuous bilateral support to the water and sanitation sector in the form of grants and soft loans provided to the water sector, including the Syrian Refugee Crisis Response Framework amounts to more than 150 million euros, increasing the investment to more than 500 million euros.