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Economy

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.

Saudi economy is 30% of $2.39 trillion Arab economy

By TRENDS Desk
June 10, 2021 9:24 am

    • The kingdom is almost twice the size of the region’s second-largest economy, Egypt

    • The UAE is the third largest Arab economy with GDP of $354.3 billion

    The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020.

    The Kingdom’s $700.1 billion in nominal GDP was almost twice the size of the region’s second-largest economy, Egypt’s $361.9 billion, Al Eqtisadiah reported, citing data from the Saudi Arabian Monetary Authority, the International Monetary Fund and Arab statistical bodies. 

    The UAE was the third largest Arab economy with GDP of $354.3 billion. The six countries of the Gulf Cooperation Council had combined GDP of $1.41 trillion, 58.8 percent of the Arab economy.

    The Arab world represents 2.8 percent of the global economy, and would rank eighth, behind France, if it was a single country.

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