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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.

Ajman’s exports rise 19 percent in H1 2023

All of the Group’s business segments — Ports, Economic Cities and Free Zones, Maritime and Shipping, Logistics, and Digital — contributed to the record-breaking revenue.
  • Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
  • Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023).

The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3 billion) during the same period in 2022.

Ships and boats topped the list of exported products, followed by Ships mineral oils, fish and steel products. Saudi Arabia was the top destination for the emirate’s exports, followed by Italy, Kuwait and Turkey.

This growth in Ajman’s export volume reflects its efforts to follow the directives of the UAE’s leadership to create a sustainable economic environment, which drives the development of private sector businesses.

It also highlights the commitment of all relevant government entities in Ajman to diversify proactive tools and supportive services to increase exports of local products, in line with Ajman’s targets and vision.

Ajman’s advanced logistical infrastructure directly improves shipping and transportation operations, making them more efficient.

This, coupled with continuous upgrades to industrial zones, positively impacted the growth of direct investments, especially those allocated to the industrial sector.

The ACCI has adopted a dynamic business agenda to increase the volume of exports from the emirate and open new markets for local products by participating in diverse international exhibitions with its member companies and factories.

The ACCI encouraging international partnerships to promote local products and facilitate access to foreign markets.