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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.

UAE desires broader trade relations with Iraq

    • The ambassador of the UAE Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of Commerce

    • The UAE companies wish to invest in Iraq

    The United Arab Emirates (UAE) has shown desire to deepen trade and economic ties with Iraq. The ambassador of the UAE, Salem Issa Al Zaabi, highlighted the UAE’s keenness to strengthen its relations ties with Iraq.

    According to WAM, Al Zaabi made this statement during his visit to the Federation of Iraqi Chambers of Commerce, where he met with Abdul Razzaq Al Zuhairi, President of the Federation, who affirmed Iraq’s desire to strengthen ties and enhance UAE-Iraqi trade relations.

    Al Zaabi noted that several major Emirati companies wish to invest in Iraq, adding that his meeting with Al Zuhairi was productive, especially in light of the eagerness the federation showed in enhancing economic ties.

    Al Zuhairi said that Iraq offers a conducive investment environment for Emirati companies, adding that the federation has plans to organize a UAE-Iraqi forum that brings together business leaders from both countries.