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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 secured 41.5% of Japan’s crude oil needs in November

The United States wants to see a hike in oil production, including from OPEC countries.
  • Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry
  • Over 95%, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation's top exporter of oil

Tokyo, Japan – The UAE secured 41.5 percent of Japan’s crude oil needs in November, which is equal to 32.17 million barrels, according to the Agency for Natural Resources and Energy in Tokyo.

The agency, part of the Japanese Ministry of Economy, Trade and Industry, reported that Japan imported a total of 77.53 million barrels, of which 74 million barrels, or 95.4 percent, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation’ top exporter of oil.

Oil remains the most significant energy source in Japan, accounting for about 40% of the country’s total energy supply, according to the International Energy Agency.