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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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Saudi Space Agency, US Sierra Space partner to develop national capabilities

The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading US company in the field of space technologies.
  • The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice
  • The signing ceremony was attended by the Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawaha

Riyadh, Saudi Arabia – The Saudi Space Agency (SSA) signed a memorandum of understanding (MoU) with Sierra Space, a leading US company in the field of space technologies, to exchange knowledge, skills and experiences and develop national capabilities and competencies in fields related to the space sector.

The memorandum was signed by SSA CEO, Dr Mohammed bin Saud Al-Tamimi, and Sierra Space CEO, Tom Vice.

The signing ceremony was attended by the Saudi Minister of Communications and Information Technology and Chairman of the Board of Directors of the SSA, Eng. Abdullah bin Amer Al-Sawaha, who heads the delegation of the digital economy, space and innovation system, which is on an official visit to the US, to deepen partnerships in various areas of technology, space and innovation.

With this MoU and other memoranda, and agreements concluded with US parties specialized in space and its exploration, the SSA seeks to share its aspirations, develop and create specialized training programs for students and employees, which contributes to the growth of the local and global space sector, and building a sustainable future driven by innovation.