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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.
  • Iran-China cooperation at its best in various fields: envoy

    Tehran, Iran-- China's ambassador to Iran has affirmed that his country's cooperation with Iran is at its best in various...

    The Chinese ambassador said there were many opportunities for cooperation with west Azarbaijan province in the areas of international trade with Europe

    He noted that a document has been signed to boost China's trade with Europe via Iran, noting that the capacities of west Azarbaijan can be used in this regard

  • Saudi Arabia and Kazakhstan to boost environment, agriculture ties

    Astana, Kazakhstan-- Saudi Arabia and Kazakhstan have pledged to strengthen cooperation in the fields environment, water, and agriculture.The strengthening of...

    The discussion happened during a meeting between President of Kazakhstan and Saudi Arabia's Minister of Environment, Water and Agriculture in Astana

    Both leaders explored opportunities to boost trade in agricultural products, and discussed issues concerning environment, water and food security

  • Malaysia’s edible oil industry eyes Middle East market

    As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing...

    As Middle Eastern countries rise economically and their populations grow, Malaysia sees a bigger role in fulfilling the region's growing demand for edible oils and fats

    Enticing partnership prospects exist in the palm oil sector between Malaysian and Middle Eastern companies, with common halal food standards providing a strong foundation

  • Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy

    ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...

    Masdar signed a joint development agreement with the Ethiopian government in January 2023 in Abu Dhabi to develop two solar power plants.

    Ethiopia is a key investment partner for the UAE in East Africa, as it has a large and emerging consumer market of over 100 million people.

  • UAE firms operating in Ethiopia enrich bilateral ties

    There are more than 121 Emirati companies operating in the Ethiopian market, contributing to enriching relations between the two countries...

    The public and private sectors in the UAE and Ethiopia have been keen to enhance economic cooperation, leading to increased investments and intra-trade values

    An increased coordination between the two countries gives Emirati companies a greater impetus to invest in various sectors in Ethiopia, sys a key UAE official

  • Unrelenting demand propels Dubai home prices up by 17% in 12 months

    Dubai, UAE - Dubai's real estate market continues its upward trajectory, with house prices rising by 4.8% in Q2 2023,...

    Villa prices have experienced stronger growth, increasing by 51% over the same period, with an average price of AED 1,520 per square foot

    Prime neighborhoods like Jumeirah Bay Island, Emirates Hills, and Palm Jumeirah have seen extraordinary growth, with villa prices up by 125% since January 2020

  • Saudi CST urges public for feedback on ‘space use plan’ for frequency spectrum

    Riyadh, Saudi Arabia--The Communications, Space and Technology Commission (CST) has urged the public to provide their views on its space...

    It has given all "interested parties" in the kingdom and outside a time until September 10 next month to provide views and observations

    Early this year, CST announced the formation of a Space Entrepreneurship Alliance to achieve growth and sustainability in the sector

  • Saudi Arabia and India sign agreement on digital economy

    Riyadh, Saudi Arabia - Saudi Arabia and India signed on Friday an agreement on digitization and electronic manufacturing.The agreement seeks...

    The agreement seeks to enhance Saudi-Indian cooperation in the fields of digital infrastructure, e-health, and e-learning

    It also aims at building robust strategic partnerships that promote innovation and the growth of the digital economy

  • Challenges prevail as UAE adapts to remote work

    The UAE labor law has introduced changes to support remote workers, but there are still gaps compared to European countries,...

    The UAE labor law has introduced changes to support remote workers, but there are still gaps compared to European countries, Liam Doherty of Connect Resources tells TRENDS

    The UAE government has granted ministries and federal entities the flexibility to implement the remote work system for federal government employees on some working days

  • ‘UAE’s humanitarian endeavors resonate globally’

    "The UAE's humanitarian endeavors and diplomacy have resonated globally, exemplifying unity and camaraderie to pave pathways of hope. We have...

    The UAE's humanitarian approach is woven into its overarching vision and exemplified by the noble characteristics of the country's various initiatives, says the MoHAP minister

    Its humanitarian endeavors and diplomacy have resonated globally, exemplifying unity and camaraderie to pave pathways of hope, adds Abdulrahman bin Mohamed Al Owais