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ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.
  • GASTAT issues FDI statistics of Saudi Arabia for Q4 2023

    RIYADH, SAUDI ARABIA – The General Authority for Statistics (GASTAT) issued on Friday the Foreign Direct Investment (FDI) statistics for Q4 of 2023, which show that the net flow of FDI in the Kingdom amounted to over US$3.4 billion (SAR13 billion), an increase of 16 percent or US$2.9 billion (SAR11...
  • Türkiye’s traditional realty charm: Alive or fading?

    Driven by its strategic location, cultural heritage, and government incentives, Türkiye's real estate market remains a focal point for regional investors amid economic fluctuations.
  • UAE investments abroad reach US$2.5trn in beginning of 2024, says UAEIIC

    ABU DHABI, UAE – The United Arab Emirates has solidified its position as a leading regional and global player in foreign direct investment, said Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC).He estimates the total value of Emirati investments abroad, encompassing both government and private...
  • Investments strengthen Türkiye-GCC economic ties

    The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.
  • Second quarter foreign investments in Saudi Arabia hit $666bn

    Riyadh, Saudi Arabia -- Foreign investments in Saudi Arabia increased 4 percent year-on-year (YoY) to SAR 2.50 trillion ($666. 39 billion) by the end of Q2 2023, Argaam reported, citing Saudi Central Bank (SAMA) data.The foreign investment balance recorded an increase of 5 percent quarter-on-quarter, or nearly SAR 109.9 billion.Foreign...
  • Pro-business policies make UAE global investment hub

    "While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable development, renewable energy, and the blue economy," she adds while sharing her optimism for the World Investment Forum (WIF) in Abu Dhabi, scheduled between October 16 and 20, 2023.
  • Foreign direct investment crucial for economic growth

    At this year's technology summit in the United States, which spotlights economic diversification through the strategic use of energy-generated wealth, he emphasizes Qatar's distinctive approach in leveraging wealth and investment for job creation and economic progress.
  • Expansion may offer limited economic boost to BRICS

    The anticipated inclusion of six nations into BRICS, including Saudi Arabia and UAE, is expected to ease tensions among them, and foster increased bilateral collaboration.
  • $341bn in non-oil trade between UAE, G20 countries: UAE Minister

    New Delhi, India - The non-oil trade between the UAE and G20 countries in 2022 hit $341 billion, which is 55% of the UAE's total non-oil trade, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade told the Emirates News Agency (WAM) in India where he...
  • Saudi Arabia to invest $25bn over next five years: Pakistan interim PM

    Islamabad, Pakistan - Pakistan's caretaker Prime Minister, Anwaar-ul-Haq Kakar, announced on Monday that Saudi Arabia plans to invest up to $25 billion in Pakistan over the next two to five years across various sectors. The investment is part of a concerted effort to boost foreign direct investment in the South...
  • GCC optimistic about FDI growth despite hiccups

    Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic growth in 2023 and beyond.
  • Abu Dhabi records 363% growth in FDI in the real estate sector during H1 2023

    Abu Dhabi, UAE - The foreign direct investment (FDI) in the individual category within Abu Dhabi's real estate sector has soared to AED 834.6 million during the first half of 2023, achieving a record growth rate of 363% compared to the corresponding period last year, the emirate's Department of Municipalities...
  • Which country leads Arab world in business ease?

    Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the most business-friendly country in the region.
  • Dubai leads global FDI in cultural, creative industries in 2022

    Dubai, UAE - Dubai has achieved top global ranking in attracting Foreign Direct Investment (FDI) projects in the cultural and creative industries in 2022,  revealed Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority on Monday.According to the Dubai FDI Monitor report, compiled by...
  • Innovative financing solutions attract firms to UAE

    "Everybody sees this as an opportunity to bring their businesses here. Accessing capital can be challenging, but fortunately the government has established a substantial pool of subsidies, financing, and guarantees that are available for all entities looking to enter the market," he adds during the event in Abu Dhabi.
  • Sharjah event discusses anti-money laundering practices

    SHARJAH, UAE - Sharjah Economic Development Department (SEDD) organized multiple workshops for legal purposes and a number of investors and owners of economic establishments operating in the emirate attended the events.The workshops were on “Real Beneficiary Procedures and their Administrative Penalties” as well as “Anti-Money Laundering Procedures, Required Documents and...
  • Masdar-built solar plant in Azerbaijan to begin operations in 2023

    In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean and renewable energy projects with a total capacity of 4,000 MW, underscoring the commitment of the two countries to climate action.
  • Dubai to unveil METADAFZ for better metaverse experience

    The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
  • FDI into Oman increases by 19 percent in Q1 2021: Report

    Foreign Direct Investment into Oman increased by 19 percent in the first quarter of 2022, according to a report by the Washington Middle East Institute that praised the policies of Sultan Haitham bin Tarik in dealing with economic challenges facing the sultanate. There has been an increase in non-oil exports...
  • UNCTAD ranks UAE first regionally, 19th globally in attracting FDI inflows

    The UAE also emerged 17th globally in terms of FDI outflows that totaled $22.5 billion in 2021, a 19% growth compared to the year 2020.
  • Jordan’s FDI in 2021 reaches $622million, Arab region’s $53 billion

    The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's total FDI. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) issued data Tuesday which confirmed this. The Arab region's FDI in 2021 went up by 42 percent to $53...
  • UAE tops Arab countries as best Foreign Direct Investment hub

    The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in 2021.
  • Economic freedom, effective governance key to attract FDI: AMF

    The study calls for the stability of the business environment by reforming relevant laws.
  • Foreign Direct Investment into UAE reaches $20.7 billion in 2021

    UAE received $20.7 billion in Foreign Direct Investment in 2021, recording a 3.9 percent growth over 2020. The country’s FDI balance now stands at AED 630 billion ($171.6 billion) by the end of 2021, a 13.7 percent growth over 2020. Over the past ten years, FDI inflows into the country...
  • Policy reforms help Saudi FDI inflow rise 326%

    The Kingdom seeks to increase its net FDI inflow by 1,816 percent between 2021 and 2030, raising it to $103.5 billion annually by 2030, up from $5.4 billion in 2020.
  • Foreign investment in Saudi markets rose 150% in Q2

    The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.
  • UAE to allow 100% foreign ownership of companies

    The move is geared to attract more foreign direct investment to the UAE Cap on shares a company can float on one of the UAE’s stock markets increased from 30% to 70% The United Arab Emirates has amended the Commercial Companies Law allowing foreign investors and entrepreneurs to establish and...