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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 Egypt’s top trading partner in Middle East with $4.11 billion trade

    • The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn

    • Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019

    The volume of trade between Egypt and the United Arab Emirates shot up to $4.11 billion in 2020, compared to $3.356 billion in 2019, according to the Egyptian minister of trade and industry Nevine Gamea.

    This has made the UAE the largest trading partner of Egypt, the minister added.

    The UAE is also the largest foreign investor in Egypt, as it contributes to projects with capital exceeding $7bn.

    Egypt’s exports to the UAE were $2.882bn in 2020, compared to $2.51bn in 2019.

    On Sunday Gamea met with Hamad Saeed Al Shamsi, the UAE’s new Ambassador to Egypt, to discuss enhancing cooperation between the two countries in economic cooperation.