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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, Saudi Arabia in key global pension index

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension scheme for retiring or retired employees from both the government and private sectors.
  • A good pension scheme could help a person retire with varying degrees of financial independence
  • It depends on factors like their monthly pension amount, passive income, and overall expenditure

Pension is often defined as a retirement fund where an individual — more often than not a salaried professional — deposits money throughout their career.

After retirement, the person gets back a monthly portion of this fund as a means of income, with interests accrued over the years added to it

Quite often, companies or government entities also contribute to their employees’ pension funds, like an incentive for them.

Now, different countries have different retirement and pension schemes. Some of them don’t even have one.

However, in countries that do, the pension scheme is often availed through a government organization or a bank.

A good pension scheme could help a person retire with varying degrees of financial independence.

It depends on factors like how much pension they get every month, their passive income, and overall expenditure.

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension scheme for retiring or retired employees from both the government and private sectors: