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Economy, Video

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.

Trade balance of key Arab countries in 2020

By TRENDS Desk
November 14, 2021 10:22 pm
  • One of the best ways to judge the strength of a country's economy is to look at its trade balance, or the difference between exports and imports
  • If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit

Following a year of economic distress, GCC economies are expected to return to an aggregate growth of 2.2 percent in 2021, according to the recent the World Bank Gulf Economic Update (GEU).

The “COVID-19 Pandemic and the Road to Diversification” report also highlighted that the Arab countries, in general, are on the recovery mode.

This growth is buoyed by the global economic recovery, projected at 5.6 percent and the revival of global oil demand and international oil prices.

One of the best ways to judge the strength of a country’s economy is to look at its trade balance, or the difference between exports and imports. If exports surpass imports, the trade balance is surplus. If imports surpass exports, the trade balance is deficit.

This week’s TRENDS Explainer Video focuses on top Arab economies in terms of trade balance in the year 2020.

 

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