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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 lead regional innovations

Arab countries have their own share in terms of investment in innovations.
  • Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world
  • The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index

In spite of the human and economic toll of the COVID-19 pandemic, governments and enterprises in many parts of the world have increased their investments in innovation.

Scientific output, expenditures in research and development (R&D), intellectual property filings and venture capital (VC) deals continued to grow in 2021, building on strong pre-crisis peak performance.

The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading from the front.

While the UAE ranks first in top 12 most innovative Arab countries in 2021 and globally it ranks 33rd, according to the Global Innovation Index (GII) 2021 that tracked innovations through the Covid-19 crisis.

Saudi Arabia, meanwhile, remained second most innovative country in the region and stood 66th globally, the latest GII report pointed out.

Qatar, Tunisia and Kuwait ranked third, fourth and fifth regionally and 68th, 71st and 72nd globally in term of innovation, it added. For more detail, see the infographic below.