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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.

Planning body set up to make Dubai the world’s best city

    • New urban planning body envisions Dubai as the best city for life in the world

    • Dubai Urban Plan 2040 will ensure high efficiency and governance

    Dubai has set up a new body for urban planning entrusted with the task of making it the “best city for life in the world.”

    Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai, on Sunday announced the establishment of the Supreme Committee for Urban Planning in Dubai. The committee will be headed by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA).

    The team will oversee the urban planning sector, including the Dubai Urban Plan 2040, said Sheikh Hamdan.”Our goal is to ensure the highest levels of efficiency and governance,” he said, in a post on Twitter. “Our goal is to make Dubai the best city for life in the world.”

    Speaking of Dubai Urban Plan 2040, Sheikh Hamdan said it will pave the way for a new phase that requires “unprecedented levels of unified work and coordination”. He credited His Highness Sheikh Mohammed bin Rashid for Dubai, Vice-President and Prime Minister of the UAE and Ruler of Dubai, for setting “great goals” for the next two decades.

    The new committee will oversee the achievement of these goals with the support and participation of various stakeholders in a way that speeds up the pace of achievements, he said.