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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.

Where do Arab countries stand, according to GDP?

The most common way to quantify the economic health of a country is by calculating its GDP.
  • GDP is the total market value of all the goods and services produced within a country in a specific time period
  • It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year

The Arab region has some of the richest countries in the world — both in terms of money and culture.

While the richness of culture and heritage cannot be quantified, we can somewhat estimate the monetary advancement of a country.

The most common way this is done is by calculating a nation’s gross domestic product (GDP).

By definition, GDP is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period.

It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the actual calendar year.

GDP functions as a comprehensive scorecard of a country’s economic health, and is often categorized under nominal GDP and real GDP.

Nominal GDP is defined as the actual market value of goods and services produced in an economy, with the value not adjusted for inflation.

Real GDP is when nominal GDP is adjusted for inflation to reflect changes in real output.

And then there is GDP per capita, which is a measure a country’s economic output per person.

It is calculated by dividing the GDP of a country by its population.

Given this, it is safe to assume that if two countries have the same nominal GDP, the one with the lower population has a higher GDP per capita.

Here’s where Arab countries stand with respect to their nominal GDP and GDP per capita: