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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 ranks high on global govt development indices

    • The first globally on the Absence of Bureaucracy Index

    • The second globally on the Adaptability of Government Policy Index

    The UAE government succeeded in advancing its global rankings to be one of the best in government development indices. Most notably, the UAE ranked first globally on the Absence of Bureaucracy indicator and second on the Adaptability of Government Policy indicator in the IMD World Competitiveness Yearbook. 

    The UAE governments also ranked third on the Government Responsiveness to Change indicator and fourth on the Government Long-term Vision indicator according to the Global Competitiveness Report issued by the World Economic Forum (WEF).

    Mohammad Abdullah Al Gergawi, minister of cabinet affairs, termed this a distinguished achievement, saying it was the outcome of the futuristic vision of  the president of the UAE, Sheikh Khalifa bin Zayed Al Nahyan.

    Al Gergawi reiterated the UAE’s proactive mindset, which was reflected in the government’s ability to ensure services continuity by adopting state-of-the-art technological and digital solutions, and shifting smoothly to top-notch remote work and distance learning systems. 

    Such measures, he said,  guaranteed the continuity of government work and enabled various community members to adapt quickly to the change and overcome the adverse effects of the Covid-19 pandemic.

    Al Gergawi  further highlighted that the UAE government enhanced its advanced standing by reaching top ranks on several government development indices, monitored by the most credible global reports. He stressed that achieving such progress, despite the unprecedented circumstances and challenges imposed by the pandemic on governments worldwide, reflects the UAE government’s efficiency, proactivity, and ability to address future challenges, enabled by the UAE’s wise leadership that focuses on sustainable development, agility, flexibility and future readiness.

    The UAE government achieved advanced positions on the global competitiveness indices, as it ranked ninth globally in the IMD World Competitiveness Yearbook (WCY) 2020, fourth on the 2020 Edelman Trust Barometer, first in 121 of the most important global competitiveness reports, first among Arab countries on 437 indices, while maintaining its leading position among the top 10 ten countries worldwide on 314 indices.