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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.

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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE, Chile ink pact to exchange knowledge on energy sector

The MoU will support the efforts of UAE and Chile to diversify their energy mix and utilize clean energy. (WAM)
  • Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
  • The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.

DUBAI, UAE – UAE’s Ministry of Energy and Infrastructure (MoEI) signed a Memorandum of Understanding (MoU) with its counterpart in Chile to exchange knowledge and expertise in energy and advance this vital sector locally and globally.

Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs at MoEI, and Ximena Fuentes, Under-Secretary of Foreign Affairs of Chile, signed the MoU at the ministry’s headquarters in Dubai.

Under the MoU, the two sides will exchange information, knowledge and expertise; hold high-level meetings to discuss issues of mutual concern; organise relevant academic research; enhance their cooperation in clean and renewable energy; host related workshops, and launch initiatives that support public-private partnerships in both the countries.

Al Olama lauded the bilateral relations between the UAE and Chile, which have significantly advanced in recent years due to the support of their leadership.

He stressed that the MoU adds to the historic overall strategic partnership between the two friendly countries.

He then pointed out that such partnerships support the transition to clean and renewable energy and the approaches of the two countries to implement projects under the Paris Climate Agreement.

The MoU will also support the efforts to the two countries to diversify their energy mix and utilize clean energy, he added.